answersLogoWhite

0

This question little bit difficult to answer. Generally it depends on one person's health conditions and personal perspecive. In my opinion you can go for 20 year term life insurance as a safety precaution.

User Avatar

Wiki User

15y ago

What else can I help you with?

Continue Learning about Finance

What life insurance term should I consider when choosing a policy?

When choosing a life insurance policy, consider the term length that best fits your needs, such as 10, 20, or 30 years.


Where should someone go in order to buy term life insurance?

Many insurance companies offer term life insurance. Some of these include MetLife, State Farm, and AAA. Term life insurance is often bought in level term life insurance, meaning it can last a fixed number of years.


How long do you pay for mortgage insurance premium?

You have the option to get a mortgage insurance for the length of your mortgage contract, or you can choose 10 years, 15 years, 20 years, 40 years, etc.


When buying term life insurance should you buy 10 year 20 year or more?

Buy the highest amount they will allow you while you are younger and healthier. You never know what your health condition will be in 20 years. You should always buy life insurance with a goal in mind. What is your goal for buying the term life insurance? Why do you need it, and for how long? You should buy term life insuran e for a term that fits your needs. If you are buying term life insurance for mortgage protection, maybe 20 or 30 years is right, depending on the length of your outstanding mortgage loan. If you are buying term life insurance to provide protection until your children are on their own, maybe 20 years is right for you. It depends on your personal situation. Premiums would depend on your age and certain health factors and your lifestyle. If you are young you may even want to go for 30-year term insurance. The premiums for a 10-year term would be more expensive than premiums for a 20-year term. This type of insurance is strictly for meeting your family's needs should you die within the term period. It accrues no interest over the years and there is no surrender value.


How long should you keep household bills for?

Household bills should generally be kept for at least one year, but some experts recommend keeping them for up to seven years for tax and insurance purposes.

Related Questions

I'm 16, can I get cheap car insurance Alabama?

You will need to be at least eighteen years old to purchase insurance. You should also get a new driver discount.


Is it safe to purchase online insurance?

Many reputable insurance companies offer the option of obtaining quotes and purchasing insurance online. These companies have provided reliable service for their customers for many years.


What happens if you get into a fender bender accident without insurance in the state of California?

You can lose your license if you were at fault. If you were not at fault you would be required to purchase insurace with the SR-55 form. This means you will pay higher insurance and will have to do so for three years. (The rules may have changed over the years.) After you have had 3 years of no accidents and no lapses in insurance then you would get another form from the DMV and you could purchase a lower cost policy. In California you can purchase liablity only insurance.


Can I get insurance with saga insurance?

Yes, you can purchase Saga insurance regardless of your age. Special offers, policies, and discounts are available for individuals over 50 years of age though.


What are some companies that will allow a senior to purchase life insurance from them?

A few companies that will allow seniors to purchase life insurance from them include Dollar Globe Insurance, Colonial Penn, and Metlife. These companies have plans for Seniors fifty years and older which may match what you are looking for.


Should you purchase term life insurance in addition to life insurance offered by your employer?

Keep in mind that usually life insurance through your employer does not leave with you when you leave work. So if it is 10 years and you decide to leave, you will at that time have to get your own individual life insurance. Now you are 10 years older and your height and weight could be different and you could have medical conditions. Yes, it is a good idea to get life insurance in addition to your work insurance. This way you will be covered at a younger age.


Can an insurance policy be purchased for power tools?

Insurance policies can be purchased for powertools. They are very costly to purchase for the product. After 85 years of age, then the policy becomes ineffective.


Where to purchase travel insurance for over 80 years old?

There are several websites that offer travel insurance for senior citizens over 80. One site that you can check out is: www.solotravel.org/travel-insurance-over-65s.htm


Can you purchase insurance for the daulatpur-salturia tornado?

Most likely not, the Daulatpur-Salturia tornado was over 20 years ago.


Can one purchase pet insurance from the provider called Churchill?

Yes, pet insurance can be bought from Churchill as they have extended their services over the years and they are now offering several insurances, including pet insurance. Their pet insurance has cover options, Pet Emergency and Pet Insurance.


How much Accidental death and dismemberment insurance should you get?

The amount of life insurance you purchase depends on how many dependents you have and their ages. You would want term insurance that would cover several years of living expenses plus college for a spouse and children. Mind you, this is cheaper the younger you are. Accidental death and dismemberment may be a subset of life insurance--your beneficiaries get paid for your untimely death.


How do you you secure auto insurance so you can purchase a new car you have only been previously covered on your parent's policy you are 22 years old?

Get quotes on what the new car will cost first? Once the financing is complete go to that insurance company and purchase the policy