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life insurance at a young age

 
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on_way_to_fame



Joined: 12 Feb 2005
Posts: 9

PostPosted: Sat Feb 12, 2005 11:48 pm    Post subject: life insurance at a young age Reply with quote

What are the benefits, if any, of buying term life insurance when you are in your 20s?
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menotellname



Joined: 15 Jul 2005
Posts: 8

PostPosted: Sat Jul 16, 2005 1:18 am    Post subject: Reply with quote

Two benefits.

One, term is the cheapest insurance coverage that you can buy and it will only become more expensive as you age.

Two, buying any type of coverage early on guarantees your insurability for at least that same amount at a later age.

Basicallly, you can get a 20 year convertible term policy in your 20s for $1,000,000 and even if you are diagnosed with cancer you can still convert your policy to whole life at any time in the first 20 years because the insurance company has already bound coverage for $1,000,000.
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CEO



Joined: 04 Oct 2005
Posts: 1
Location: New York

PostPosted: Tue Oct 04, 2005 12:34 am    Post subject: Cheap insurance live transfers Reply with quote

Hello all my name is Vince Lanni and I'm the owner of Distinct Marketing Solutions Inc. I have a new technology that will allow me to send out a voice broadcast in your areas of business and provide you with as many transfers per day or week that you want. Everything is scrubbed every 31 days state and federally by DNC. We also provide you with a built database which gives you a full report of the transfers, every call is recorded by the database, you can choose the days and times and change them as frequently as you want. Most live transfers sell between $70-100.00 per transfer. We are having a discounted promotion on these and are offering them at $47.00 per. My agents send out a minimum of 25 packets per 100. You do the math. Call me if anyone is interested. Thank you all!
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JPowell



Joined: 22 Jan 2010
Posts: 38
Location: PA

PostPosted: Mon Jan 25, 2010 4:23 am    Post subject: Reply with quote

menotellname wrote:
Two benefits.

One, term is the cheapest insurance coverage that you can buy and it will only become more expensive as you age.

Two, buying any type of coverage early on guarantees your insurability for at least that same amount at a later age.

Basicallly, you can get a 20 year convertible term policy in your 20s for $1,000,000 and even if you are diagnosed with cancer you can still convert your policy to whole life at any time in the first 20 years because the insurance company has already bound coverage for $1,000,000.


That's some really great information!

I personally think that getting insurance young is a wise move just because of the unpredictable nature of life in general. Getting coverage early on will help you if something goes wrong later on just like Meno said.
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