When you click on links to various merchants on this site and make a purchase, this can result in this site earning a commission. Affiliate programs and affiliations include, but are not limited to, the eBay Partner Network.
i have a $400k servicemembers group life insurance policy my brother gets in the event of my death. it's offered to all servicemembers. plus another $100k on top of that to pay for my funeral. :hsd:
what if she doesnt give them permission? seems a bit off to be able to take a policy on someone that you arent responsible for..
there are certain rules, cant just take out a life policy on a random person... you have to have an "insurable interest" ... which is like, dependants, family members, business partner, etc etc etc
Ya, I was thinking of a whole life...the one that grows interest and you can borrow or withdraw against. I mean, it just looks like a retirement account to me that you can take out later on...and if I die...someone gets paid. I would rather do it now that I am healthy than to do it later when I am not so buff and in shape.
:thinking:
whole policies are also usually a lot more expensive too.
__________________
In Loving Memory
R.I.P. Huan Vo aka woong
01.14.1979 - 11.19.2008
actually i looked at my paystub for work an i guess i do got life insurance, how much coverage i have no idea. it takes 50 cents out of my paycheck bi weekly
i have a $400k servicemembers group life insurance policy my brother gets in the event of my death. it's offered to all servicemembers. plus another $100k on top of that to pay for my funeral. :hsd:
SGLI :hi5:
KIA benefits to beneficiaries are wild. They even get a shadow box that your folded flag from your 20-man honors detail goes in to.