Quote:
Originally Posted by albertGQ
$2M sounds high. The premiums must be expensive.
I have $500k on myself and $300k on my wife. I'm comfortable with that. Our premiums are very manageable.
Oh, and I also went with Slava. He's fantastic. I highly recommend. He's a good ball hockey player too!
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$2M might be high depending on Table's situation and what he wants his coverage to do. And expensive is also relative to each person and their income levels. Have seen clients just lay down $1000 of premiums a month on their life insurance like it's nothing.
As a quick example 2 Term 20 Policies with $2 Million of coverage for a pair of 28 year old couple that doesn't smoke comes out around to $215/month (this is with one company).
Also may want to go with the same company. Most companies, Canada Life for example, give you a policy fee discount for 2 term policies.