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DoubleF · 10-20-2014, 02:45 PM

I've had some for a while, but no idea on the specs.

You should probably start with learning about term, whole/universal etc. types of life insurance. Not the best site per se, but I like the explanation here:
http://www.gailvazoxlade.com/article...insurance.html

I'm no expert but I would suggest whole/universal. In a nutshell, term is like buying 20 years and then it expires. Whole/universal is until your death which makes more sense if you have kids and expect them to receive the funds.

For the one I got, I think I pay for 15-20 years or something and never pay another cent again. I think it was the performax gold from manulife, but not saying you have to go with that. I think I got the $100k one as I was not able to afford more when I first bought life insurance. I view it as a supplement to what I will leave behind, pay bills in the mean time etc. and not to cover everything as the link above says to do.

10-20-2014, 02:45 PM	#4
DoubleF Franchise Player Join Date: Apr 2014 Exp:	I've had some for a while, but no idea on the specs. You should probably start with learning about term, whole/universal etc. types of life insurance. Not the best site per se, but I like the explanation here: http://www.gailvazoxlade.com/article...insurance.html I'm no expert but I would suggest whole/universal. In a nutshell, term is like buying 20 years and then it expires. Whole/universal is until your death which makes more sense if you have kids and expect them to receive the funds. For the one I got, I think I pay for 15-20 years or something and never pay another cent again. I think it was the performax gold from manulife, but not saying you have to go with that. I think I got the $100k one as I was not able to afford more when I first bought life insurance. I view it as a supplement to what I will leave behind, pay bills in the mean time etc. and not to cover everything as the link above says to do. Last edited by DoubleF; 10-20-2014 at 03:15 PM.