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David
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Joined: 12 Feb 2005
Posts: 14
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 Posted: Sat Feb 12, 2005 2:53 am Post subject: How much should I spend per month for life insurance? |
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I was lucky because my grandfather started a life insurance policy for me when I was about 14 years old that I heve recently taken over. Right now I pay about $25 per month for the plan. I haven't studied it too carefully, but I have been assured that it is a good policy. I was thinking about increasing the payments, but I wanted to know a good method for determining future need.
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Last edited by David on Thu Nov 26, 2009 9:57 pm; edited 1 time in total |
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| Posted: Sat Feb 12, 2005 7:58 pm Post subject: Re: How much should I spend per month for life insurance? |
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| David wrote: | | I was lucky because my grandfather started a life insurance policy for me when I was about 14 years old that I heve recently taken over. Right now I pay about $25 per month for the plan. I haven't studied it too carefully, but I have been assured that it is a good policy. I was thinking about increasing the payments, but I wanted to know a good method for determining future need. |
Never heard about life insurance?
What you get with it?
Once someone is dead, all payment to his family ?? |
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Guest
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| Posted: Sat Feb 12, 2005 7:59 pm Post subject: Re: How much should I spend per month for life insurance? |
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| David wrote: | | I was lucky because my grandfather started a life insurance policy for me when I was about 14 years old that I heve recently taken over. Right now I pay about $25 per month for the plan. I haven't studied it too carefully, but I have been assured that it is a good policy. I was thinking about increasing the payments, but I wanted to know a good method for determining future need. |
Never heard about life insurance?
What you get with it?
Once someone is dead, all payment to his family ?? |
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wizard
Joined: 12 Feb 2005
Posts: 4
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| Posted: Sat Feb 12, 2005 8:25 pm Post subject: |
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I will give this an try surely!If it does its awesome, it will support the family! 
Last edited by wizard on Sat Feb 12, 2005 8:26 pm; edited 1 time in total |
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wizard
Joined: 12 Feb 2005
Posts: 4
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| Posted: Sat Feb 12, 2005 8:25 pm Post subject: |
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| Well seems like its like once a person is dead,those funds are given to his family! |
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David
Site Admin
Joined: 12 Feb 2005
Posts: 14
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| Posted: Sat Feb 12, 2005 9:23 pm Post subject: |
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| There are many different forms of like insurance. Often life insurance is purchased as an investment, and then you can borrow against the policy in later years, so it is not just something that is given to others. |
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