A Cool Million Dollars...

i wouldn't at all be surprised if it was a man that came out and asked you about additional life insurance. the saddest thing about this statement is that it's probably true. there are a lot of girls (and yes, i do mean girls in the sense that they are only in relationships to get something.) that marry much older men that are on their deathbed. they do a couple of "favors" for them, get written into the will and off them so that they can get some money. look at anna nicole smith. or, they look for a lonely man with a lot of money, get into his good graces, and you know the rest. i think that its pretty depressing that because of the small percentage of "women" out there that do this kind of thing, that we all get lumped into this stereotype of golddiggers. and its because of people like this that i think there should be more pre-nuptual agreements. i think that a life insurance policy should depend on the type of lifestyle that you lead at the time when you purchase it. if you have several dependants, or a high mortgage, i think that the payment that you receive should be enough to sustain you and your family until you get back on your feet. it can be extremely difficult to lose a loved one, and you may not be emotionally able to provide for yourself after their passing. personally, my husband has a medical condition that causes him to be hospitalized occassionally. if something were to go wrong, i'm sure that there would be medical bills. but i know that without his income, my daughter and i wouldn't be able to sustain our current lifestyle.

My sister worked with a lady who was murdered. It turned out the husband had her killed for the recent insurance money they had gotten out.

Sounds as though they were just out to get a commission from selling you a million dollar policy. Me and my husband do not have insurance of any kind. I have told him if something happens to me then cremate(pardon the spelling)me and I waas going to cremate him also. It is the cheapest way we could go I think it is about $500.00 to do so. I htink the only time you should have a big policy of a million dollars on a spouse is when their are children involved and they needed to be provided for and especially get to go to college if they so desire. A million dollar polic seems like it would come with a hefty monthly policy payment..If I could get a policy on my husband and myself I wouldn't mind getting a $500,000 policy so I will have something to live on for the rest of my life. But I could never afford the policy payments for that anyhow.

you are one of the lucky ones. Not only do you love your husband, but you two really have talk about things. There are many wives who have the life insurance and their husbands don't know they have it.And I guess the rep is used to talking to those wives.

I have accident insurance out on me, just in case I die by accident. Not elligible for life insurance because I have a bengign ovarian cyst so had to go with the next best option. Mine is about $200,000. I got that amount because if I die and leave my husband with our children to look after, then he can buy a house so that they will at least have a secure roof over their heads. It is interesting that some people makes assumptions without really thinking about what they are saying. Call it foot and mouth disease, and as we all know, there is no cure for that! lol. I love they way you said you have spent years training your husband. Man training is often harder than kid training. lol.

Wow what have I missed out on! If you have a husband as bad as my X was you would do more than grease the top stair to get shot of him. lol. My friends husband has a price on his head He He . He climbs up the pylons that is a dodgy job and he does motorcross on the weekends? I can understand having him well insured.

I'm afraid it would seem like tempting fate or something.. no thanks! I'm with you.. the 'little woman' would just soon keep hubby instead.. [makes more sense to ask if you want a bigger policy on yourself(myself, that is)! not huge, but bigger wouldn't be bad.]

I had $10,000 on mine plus got some amount from union and I tell ya it didnt go far but did help with the bills

My husband does have a life insurance policy that he took out. I don't remember exactly how much it is but it seemed like a lot when he told me and it only pays in the event of an accident. We joke about it quite regularly. I watch alot of these crime shows and it always seems like they take out a big insurance policy before they do away with their spouse. Its horrible to think someone would be that greedy but it happens a lot more than people think.

Hi twoey. I am amazed that the man would just pop up and say this. I know there is a small percentage of people that do get large insurance policies, but that remark was uncalled for. I had an insurance man tell me that I needed to multiply my husbands yearly income by 10 and that I should get at least this amount for insurance. The insurance man is a minister of a church and works for the insurance company to add to his income that he gets from the church. I know he would not steer me wrong. He said to make sure bills will get paid, hospital bills, credit cards and the like that I needed extra. I don't want to say what my husband makes, but I can say it would put me in that statistic that the man talking to you about. I was told that to make sure I was taken care of for at least 5 to 8 yeras that this is what I need to do. Keeping in mind that I am disabled now this is a good idea for me. I was working when he told me this. I wonder what he would tell me to do now, just how much would I need. You are not money grubbing to make sure you are taken care of, along with the bills. I also have a policy on me that is large in case I go before him. I don't want him to worry about things when I'm gone either. He may not be able to work later in time. You need to take into account that you may have huge hospital bills left if a hospitalzation is required for him, or me. These bills add up to be in the hundreds of thousands of dollars. It is so unreal the gall of people and what they will say to others.

Hi twoey. Most experts recommend that you have 10 times your annual salary for life insurance. So if your husband makes $100,000, that would be one million. You would at least want enough to pay off your mortage or other large expenses because you would no longer have your spouse's income. Of course I would rather have my hubby than any amount of money!

Once I get situated in finances, I will get a term policy worth 50K. Just in case something does happen prematurely, God forbid, I would like for whomever gets my children to have a little money to start off with in taking care of them.

HMMMM..I wonder if it works for ex husbands..LOL..wouldn't mine getting some money backowed from him this way..but you are right..just because the person is passed on doesn't mean you should be excited to make a million off of them

I'm not married, but I understand what you are saying. I have a 12 year old daughter so when I did my insurance I made it for quite a bit because her father is not very responsible and I want her to be able to go to college. I also want the person taking care of her to be able to live well and provide well because it is such a big undertaking to take on another's child. In my last relationship we started talking about life insurance. We agreed to take out enough to cover the house. We knew that if something happened to one of us, it would be hard to make a house payment alone. Once that was covered the rest became about the future of our children. I can see both sides of this argument. I do think some insurance agents can be rather callous when talking about this stuff. Frankly I have always been a provider so I do want to leave things taken care of. On the other hand, I don't want to sit on easy street if it means giving up someone I care about. I don't want blood money and that is what the extreme would seem like to me. Covering the basics is one thing, but anything more than that I would feel sick if I tried to spend it. But, different strokes, you know.

It depends i supposs on what type debts that you have.If a husband and wife owe a mortage on a home ,then it is nice to know that IF anything should happen to your husband that you could pay your home off and any outstanding bills , that she will be well fixed so that she don't suffer...I don't want anything to happen to my husband either and my house is paid for so i do not need a lot of money if something ahould happen...I would never buy a policy hoping that my husband would die,thats stupid.....Its best to have a policy that will pay for the full amount it takes to bury your mate,and a little more than you need to help him or her out during any bad periods if they are unable to work...

Well, we both have life insurance. My husband has two policies, one for $98,000 and another one for $112,000 ,and I also have one for $98,000. We have two boys, one in college and another one who will be in college too ,so we just want to make sure that they can finish their education if something happens to us. On the other hand, I plan to keep my husband for a long time too.

I feel the same as you do about the smaller amount to pay expenses. If we could afford the million or more life insurance then we wouldn't need it to begin with. I would think it would be expensive.

I like sure bets and it is hard to trust insurance companies. I do hope they pass more law forcing them to disclose it when one person whether it is husband or wife or business partner or whatever, takes out a large policy on another, though as we hear of people killing even their own children for a little insurance money. When a human life is at stake any amount of money is a little. The only insurance policy that I have any respect for is the US VA insurance they offered the WWII vets, which is a $10K payout and cost the vets an average of something like $13 a month. Too many of those widows who end up with the "cool million" just end up getting ripped off by smooth-talking criminals anyway. Any guy who came out and called me a little women would find himself the subject of a letter to senior management explaining the exact reason why we were changing our home and auto policies to another insurance company. Have you shopped rates lately? I hope some myLot member who is or was an insurance agent will chip in here and tell us a bit about his or her industry, though. That could be quite illuminating.

Hi Twoey-I am not married but if I was that is definitly something I wouldn't do-yes like you and your hubby talked about it then perhaps we could come to an agreement too but a million IS miles to much to gain off of someone whom you love and cherish-unless its one of those women who married for money of which I have known a few-its disgusting -your friend littleowl