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TopicI just had to cancel my life insurance policy and holy crap it was painful.
Riptor
06/04/21 10:30:06 AM
#15:


Zeus posted...
He's still young enough that life insurance will be cheap afterward and, again, he doesn't exactly need it. More importantly, he's unlikely to be paying $1k/month for life insurance since that's pretty high for even a yearly rate for somebody his age and in good health. What he was paying may actually be high for his group, since the average for people older than him is only $26/month.
That $1k was an estimate for the total amount paid during his tenure with this current job. At his $20/month rate, I ballparked 4-5 years at the job. Could wind up being more, could wind up being way less. Either way, 1k isn't a ton of money over that span of time, compared to how much the difference could be if he ages into a different bracket, or develops a medical condition, by the time he has to get separate insurance again.


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