- quote -


I have some doubt as to the description of the first item,
20/10 Term. Generally speaking, the economy has little
to do with the INCREASE in the premium of a Term
Life Insurance policy. The COST of the contract IS based
upon your AGE. That is what determines the initial cost. IF
this contract were as stated, and the economy remained
FLAT for 20 years, then the premium is alleged to remain
the same for the second 10 year period. Since we KNOW
that the COI for ANY Life Insurance policy INCREASES
EVERY year, then it would appear quite OBVIOUSE that
the premium that you would pay during the FIRST 10 years
is MUCH too high, to compensate for the second 10
yrs.........

There are NO Philanthropists in the Life
Industry.....................

- quote -


Same old - - same old...........
would like to borrow your crystal ball sometime,
mine is broken......................

- quote -


Finally came up with some GOOD advice...................

Cal Lester CLU

In article <c5174dcc.0408060925.19e6cc8[at]posting.google.com> , GBit
<routed2000[at]yahoo.com> wrote:

- quote -

It depends on what you are trying to insure. If you have your
house paid off, kid grown up, and money in the back by they time
you are 50, then a term longer than 20 years hardly makes sense.

The trick is to figure out what you are trying to protect, and
then design the insurance to meet that need. Insurance is not
like a lottery ticket where you buy it and hope to collect the
money.

-john-

--
================================================== ==================
John A. Weeks III 952-432-2708 john[at]johnweeks.com
Newave Communications http://www.johnweeks.com
================================================== ==================

Hi,

I am 31 years old and married. I have a home and one 2 yr old child.
I am thinking about life-insurance policy options. My agent gave me
these 3 products:

o 20/10 term (fixed for first 10, then changes based on economy not on age)
o 20/20 term
o 30 term

Which one I should go for.

Thanks,
GBit.