Comments on: Risky Business: What You Need to Know About High-Risk Life Insurance

By: Bradleybrown

Bradleybrown — Wed, 29 May 2013 05:14:52 +0000

Just Everything! 🙂 Today most of us are at a high risk life thanks to the stress which is part and parcel of today’s living. So knowing more of what is high risk and investing in insurance by paying a higher premium is definitely worth.

By: Jeff Rose

Jeff Rose — Mon, 20 May 2013 18:14:37 +0000

In reply to Mike@WeOnlyDoThisOnce. @ Mike If you decide to do skydiving later on, it's on the insurance company. Now if you knew that you were going skydiving a month after you took out the policy and the life insurance company could prove it, that might be a different story.

By: Jeff @ Money and Potatoes.com

Jeff @ Money and Potatoes.com — Tue, 14 May 2013 19:44:18 +0000

I have always been under the assumptions that your spouse should get about 5 times your annual income plus the social security benefit. must have heard from the guys that have selling life insurance…lol

It will give him/her plenty of time to basically get over the loss, pick themselves up financially and possibly even remarry. You should be careful that your spouse doesn’t get rich out of your death. I am not saying that he/she doesn’t deserve the tax free windfall. I am just saying that people are people and it could cause a lot of static in the family just like winning the lottery would.

By: Mike@WeOnlyDoThisOnce

Mike@WeOnlyDoThisOnce — Mon, 13 May 2013 21:39:06 +0000

How does it work if you decide to try out skydiving once or twice? How would they find out?

By: Christian L.

Christian L. — Mon, 13 May 2013 17:57:26 +0000

Jeff,
What do suggest for married service members? Is their service considered high risk? Also, what about veterans with service-connected disabilities? Could their injuries be considered high risk? Do you recommend the SGLI and VGLI options?

I look forward to your thoughts and answers.

-Christian L. @ Smart Military Money