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- Micah
I used the online tools on the Ramsey Solutions website to get quotes for both my husband and I, but we will talk to an agent in more detail before making a decision. The only thing I can think to ask is the typical turnaround time for processing claims, God forbid something happens to one of us.
TIA
VirginiaThey will need to know how long you want the policy for. 10, 20, or 30 years. Of course, price will vary between those too.
ScottMicah Puskac one of the most important questions that’s NEVER asked is
If for whatever reason I need to extend my term what are my renewal and conversion options?
You’ll be shocked when you hear the majority renewal at Annual Renewable Term (ART)and increase 15-20X the cost or they force a conversion to Whole life
Make sure you find a carrier that offers a term to term renewal WITHOUT requiring you to reapply or re-qualify or a decreasing term option so you can continue with same premium amount and gradually reduce coverage so you can keep it longer without increasing premiums.
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