Saturday, September 28, 2013

What is a good insurance policy for funeral andextra money for your family? and Credit Suisse Building, Metropolitan Life Insurance Company Building (view from Madison Square Park)

What is a good insurance policy for funeral andextra money for your family?



I know nothing about life insurance progams. What is a good insurance policy for funeral and extra money for your family?
I'm 47, smoker but could quit, on disability?


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Answer by shiprepairwoman
Term life is the least expensive so you can afford a larger policy.
Consider how much you need at 47, are your children little, wife disabled, who would need how much if you were to die in the next few years? If you are single without children a policy that will pay for your funeral is enough and you don't need that if you have assets.
Start building assets like ROTH IRA or 401K plan you can put beneficiaries on and they can use that to pay for your funeral and have the rest for retirement.


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Credit Suisse Building, Metropolitan Life Insurance Company Building (view from Madison Square Park)
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