Posted by Fixerupper on December 17, 2009 at 07:17:07 from (207.177.13.178):
In Reply to: Life insurance...Yikes posted by Gun guru on December 17, 2009 at 02:21:03:
I have $250,000 and my wife has $150,000. Our land is paid off, the debt is low (so far) and we live cheap. I just don't see any good out of paying an insurance company any more than I have to.
Life insurance agents like to push a policy on your children to get you and your children hooked early. We bought into that when our kids were real young. We got both of them each a $50,000 policy that was to be paid up in 20 years. The agent's (Northwestern Mutual) spiel was we would have enough for the funeral if one of them passed or the child would have a paid up policy when he/she is in the mid-twenties and starting a family.
Both of our kids did end up with a paid up $50,000 policy when they were in their middle 20's. Our daughter cashed hers to pay bills, then she passed away suddenly shortly after that. Our son still has his and the cash value is building every year. He is the sole breadwinner for a wife and two kids and also has a budding trucking business. In his position the $50,000 policy isn't enough, but at least it's something.
My daughter worked for an insurance agent and had her health and life insurance licences, so she had taken out a $100,000 policy on herself about a year before she passed away at 27, so her husband and three young daughters did have a good shot in the arm to help them continue on with life.
So my message is - you are never too young to need life insurance. Just make sure you are connected with a company that pays well. Jim
We sell tractor parts! We have the parts you need to repair your tractor - the right parts. Our low prices and years of research make us your best choice when you need parts. Shop Online Today. [ About Us ]
Today's Featured Article - Tractor Profile: Farmall M - by Staff. H so that mountable implements were interchaneable. The Farmall M was most popular with large-acreage row-crop farmers. It was powered by either a high-compression gas engine or a distillate version with lower compression. Options included the Lift-All hydraulic system, a belt pulley, PTO, rubber tires, starter, lights and a swinging drawbar. It could be ordered in the high-crop, wide-front or tricycle configurations. The high-crop version was called a Model MV.
... [Read Article]
Latest Ad:
1964 I-H 140 tractor with cultivators and sidedresser. Starts and runs good. Asking 2650. CALL RON AT 502-319-1952
[More Ads]
All Rights Reserved. Reproduction of any part of this website, including design and content, without written permission is strictly prohibited. Trade Marks and Trade Names contained and used in this Website are those of others, and are used in this Website in a descriptive sense to refer to the products of others. Use of this Web site constitutes acceptance of our User Agreement and Privacy Policy
TRADEMARK DISCLAIMER: Tradenames and Trademarks referred to within Yesterday's Tractor Co. products and within the Yesterday's Tractor Co. websites are the property of their respective trademark holders. None of these trademark holders are affiliated with Yesterday's Tractor Co., our products, or our website nor are we sponsored by them. John Deere and its logos are the registered trademarks of the John Deere Corporation. Agco, Agco Allis, White, Massey Ferguson and their logos are the registered trademarks of AGCO Corporation. Case, Case-IH, Farmall, International Harvester, New Holland and their logos are registered trademarks of CNH Global N.V.
