I’m 32. I fit in the “Preferred” health group. 30 year term life insurance with a 100k payout is 168/year as per the quotes page I provided above.
As AngryParsley mentions, if you purchase term life insurance you’re planing on having savings to cover your needs after your policy expires. This is my plan.
However, I suppose in say 15 years, I could purchase another 30 year/100k term insurance policy. Let’s say I slip a category to “Standard Plus”.
My premium will be 550/year. That of course assumes I didn’t save anything during those 15 years (not to mention the remaining 15 years in the original policy) and need a 100k policy.
So the plan changed from “only $300/month for cryonics” to $300/month for term life insurance and membership feeds + somehow save the entire $100k anyway + obviously save even more money for retirement and all other things normal people save for?
This is very expensive and risky proposition, most people will not be able to afford it. Most people who think they’ll save that much won’t.
Are you a finite state machine? I have told youtwice that whole life insurance is available and costs about the same as cable television if you want to pay for the most expensive cryopreservation available. CI + whole life insurance would probably be $500/year.
This will be my last post on the issue as it seems like maybe I’m being trolled.
I never claimed it was $300/month.
My claim is exactly what I stated.
That is: As per the quotes page linked, my term insurance for 100k/30 year is 168/year. If I was concerned with not having the savings at the end of that 30 years, I would probably in 15 years buy another 100k/30 year term policy for 550/year.
Which is more likely...that everyone else at LW fails at basic math, or that you fail at basic math?
I’m 32. I fit in the “Preferred” health group. 30 year term life insurance with a 100k payout is 168/year as per the quotes page I provided above.
As AngryParsley mentions, if you purchase term life insurance you’re planing on having savings to cover your needs after your policy expires. This is my plan.
However, I suppose in say 15 years, I could purchase another 30 year/100k term insurance policy. Let’s say I slip a category to “Standard Plus”.
My premium will be 550/year. That of course assumes I didn’t save anything during those 15 years (not to mention the remaining 15 years in the original policy) and need a 100k policy.
So the plan changed from “only $300/month for cryonics” to $300/month for term life insurance and membership feeds + somehow save the entire $100k anyway + obviously save even more money for retirement and all other things normal people save for?
This is very expensive and risky proposition, most people will not be able to afford it. Most people who think they’ll save that much won’t.
Are you a finite state machine? I have told you twice that whole life insurance is available and costs about the same as cable television if you want to pay for the most expensive cryopreservation available. CI + whole life insurance would probably be $500/year.
This will be my last post on the issue as it seems like maybe I’m being trolled.
I never claimed it was $300/month.
My claim is exactly what I stated.
That is: As per the quotes page linked, my term insurance for 100k/30 year is 168/year. If I was concerned with not having the savings at the end of that 30 years, I would probably in 15 years buy another 100k/30 year term policy for 550/year.
Which is more likely...that everyone else at LW fails at basic math, or that you fail at basic math?
FYI: I misread your comment as comparing an option where you buy the policy now to an option where you buy the policy later.