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Life insurance - how much you all got?

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    Life insurance - how much you all got?

    Mines running out soon.....

    Not cheap as you get older. Since pretty much none of us get death in service benefits wondered how much you all pay for?

    Rhyddid i lofnod psychocandy!!!!

    #2
    It's running out because you didn't expect to live this long when you got it?

    IIRC I've got either 300k or 500k on a policy under my Ltd.
    Originally posted by MaryPoppins
    I'd still not breastfeed a nazi
    Originally posted by vetran
    Urine is quite nourishing

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      #3
      None. I have no dependents so what do I need it for? I'll be dead

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        #4
        None here either. no dependants, no debt.

        Comment


          #5
          Originally posted by ladymuck View Post
          None. I have no dependents so what do I need it for? I'll be dead
          Yep, same here. Cancelled it after Mrs W passed away.
          I am what I drink, and I'm a bitter man

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            #6
            750k. Wanted to ensure that as haven't hit 50 yet, there would be enough to easily pay off the mortgage and leave enough for the other half to be comfortable. With one kid still at school, seems pretty responsible... on the other hand, I have little doubt some might say it's a mad amount.

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              #7
              Originally posted by ShandyDrinker View Post
              750k. Wanted to ensure that as haven't hit 50 yet, there would be enough to easily pay off the mortgage and leave enough for the other half to be comfortable. With one kid still at school, seems pretty responsible... on the other hand, I have little doubt some might say it's a mad amount.
              I don't think so. You have worked out an amount to make sure those that are left aren't worrying about money. Obviously too high an amount and your other half might start googling untraceable means of bumping you off...

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                #8
                Originally posted by ShandyDrinker View Post
                750k. Wanted to ensure that as haven't hit 50 yet, there would be enough to easily pay off the mortgage and leave enough for the other half to be comfortable. With one kid still at school, seems pretty responsible... on the other hand, I have little doubt some might say it's a mad amount.
                Without knowing your mortgage it doesn't seem daft. Mine was similarly calculated to pay off the mortgage and mean my wife didn't have to work for a year or so. On the other hand she has only a small policy because I'm the main earner and realistically would rather work than mope about.
                Originally posted by MaryPoppins
                I'd still not breastfeed a nazi
                Originally posted by vetran
                Urine is quite nourishing

                Comment


                  #9
                  Originally posted by psychocandy View Post
                  Mines running out soon.....

                  Not cheap as you get older. Since pretty much none of us get death in service benefits wondered how much you all pay for?
                  Why not get whole of life cover? Or was it taken to cover a mortgage that has now been paid off?

                  I design idiot proof software. Trouble is, they keep making better idiots.

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                    #10
                    Originally posted by psychocandy View Post
                    Mines running out soon.....

                    Not cheap as you get older. Since pretty much none of us get death in service benefits wondered how much you all pay for?
                    Kind of stupid question really, you are dead, so what is it for? That will determine how much you need to cover and how much you need?

                    From - just enough to cover a funeral
                    To - Enough that all my dependents become millionaires
                    I design idiot proof software. Trouble is, they keep making better idiots.

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