Needing to pick some life insurance. Was planning on just getting like a 3mil dollar 30 year term policy for myself.
27, no kids, home mortgage and about to have a practice loan here shortly
ADA offers some stuff, lots of old dentists think its great but you have to continue to be a ADA member to have it which isnt terrible but its whatever.
They also offer an annual term renewable for 3 mil that looks decent to but I also hear mixed things on stuff like that from other people. Soooo....do I just go with the straight up cheap 3 mil term I see on term4sale.
Here is the ADAs stuff below...I get that it goes up each year but just like disability I plan on self insuring by my mid 50s. So I could just drop it before it gets to big.
27, no kids, home mortgage and about to have a practice loan here shortly
ADA offers some stuff, lots of old dentists think its great but you have to continue to be a ADA member to have it which isnt terrible but its whatever.
They also offer an annual term renewable for 3 mil that looks decent to but I also hear mixed things on stuff like that from other people. Soooo....do I just go with the straight up cheap 3 mil term I see on term4sale.
Here is the ADAs stuff below...I get that it goes up each year but just like disability I plan on self insuring by my mid 50s. So I could just drop it before it gets to big.
ANNUAL RENEWABLE TERM LIFE PLAN | 20 YR LEVEL TERM LIFE PLAN | ||
MEMBER | COVERAGE AMOUNT $3,000,000 | COVERAGE AMOUNT $3,000,000 | |
Plan Year | Age | Standard Annual Rates | Standard Annual Rates |
1 | 27 | 463.41 | 1,980.00 |
2 | 28 | 463.41 | 1,980.00 |
3 | 29 | 463.41 | 1,980.00 |
4 | 30 | 473.18 | 1,980.00 |
5 | 31 | 511.50 | 1,980.00 |
6 | 32 | 547.41 | 1,980.00 |
7 | 33 | 583.31 | 1,980.00 |
8 | 34 | 625.15 | 1,980.00 |
9 | 35 | 677.99 | 1,980.00 |
10 | 36 | 711.65 | 1,980.00 |
11 | 37 | 748.64 | 1,980.00 |
12 | 38 | 794.88 | 1,980.00 |
13 | 39 | 866.71 | 1,980.00 |
14 | 40 | 930.53 | 1,980.00 |
15 | 41 | 986.93 | 1,980.00 |
16 | 42 | 1,047.78 | 1,980.00 |
17 | 43 | 1,146.77 | 1,980.00 |
18 | 44 | 1,251.54 | 1,980.00 |
19 | 45 | 1,376.69 | 1,980.00 |
20 | 46 | 1,514.35 | 1,980.00 |
Total Premium | $16,185.24 | $39,600.00 |
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