Life Insurance question.

Discussion in 'UPS Discussions' started by upsmaninmi, May 4, 2014.

  1. upsmaninmi

    upsmaninmi Member

    Anyone have life insurance that allows a payroll deduction? I'm 37, my mom just passed and it has really made me start thinking and planning for my family. Thanks group.


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  2. jumpman23

    jumpman23 Oh Yeah

    Just get it through UNION LABOR LIFE. You will see something come through the mail on it. Once you sign up they will just take it out automatically out of your checking account. You wont even see it come out of there really and its pretty inexpensive.
     
  3. UpstateNYUPSer

    UpstateNYUPSer Very proud grandfather.

    You can find much better deals online that you can pay EFT.


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  4. Brownslave688

    Brownslave688 You want a toe? I can get you a toe.

    Are you not responsible enough to work the money money into your budget?


    Depending on your kids age if you have any but a 20-30 years term insurance plan should cover u just fine.
     
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  5. Cementups

    Cementups Box Monkey

    But automatic is far easier than having to manage your own money. I have all my money transferred into different accounts automatically through my credit union. Check gets deposited and then the credit union divvies up my money. Easy peasy!
     
  6. Brownslave688

    Brownslave688 You want a toe? I can get you a toe.

    We have a driver that I think has direct deposit into like 4-5 different accounts.
     
  7. UpstateNYUPSer

    UpstateNYUPSer Very proud grandfather.

    You can do 2 through upsers and need to go through HR if you have more than that.

    I have direct deposit and set up automatic EFT's from my checking account for those bills that are the same each month.
     
  8. Cementups

    Cementups Box Monkey

    Mine goes into my account. Then my CU deposits money into our joint account at my wife's bank. Then my CU distributes money into a few other accounts within my account for chirstmas, vacation and savings. What ever is left pays for my car, cell and cable and me stuff.
     
  9. Wally

    Wally Hailing from Parts Unknown.

    I looked into it just because it would have been easier like using the credit union. Nothing to mail, no headaches. The rates weren't competitive enough to do it though.

    There are some good search tools that give great rates on term from a lot of companies. Don't want to mention name but think gecko...
     
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  10. Jackburton

    Jackburton Gone Fish'n

    https://www.zanderins.com/term/instantquote.aspx

    Take a look at Zander insurance, they are a broker and shop different companies. I can tell you right now I pay 515 for a 20yr 1mil term at preferred plus. You get discounts with these companies when you pay once a year vs installments, so keep that in mind. If you're concerned about your family, term insurance is probably the single best thing you could do for them if anything would happen to you, besides staying alive.
     
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  11. Jackburton

    Jackburton Gone Fish'n

    I'd also like to mention I changed companies when I found the one I'm currently with, Banner Life. I just looked up a quote from them based on my age 37, and it's about 120 bucks more a year than what I locked in just last year, just to let you know.
     
  12. upsmaninmi

    upsmaninmi Member

    Thanks for all the replies and good info. It's appreciated.


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  13. brown bomber

    brown bomber brown bomber

    when I was your age , I didn't plan on passing away however I also took out a policy that would pay off the home, and leave enough to pay for the kids education, and have a few bucks ($200,000) left over......every life and situation is different, talk to a Certified Planner
     
  14. upsmaninmi

    upsmaninmi Member

    I will. Wasn't expecting my mom to pass at 60, she had a small policy that covered her funeral. I want to make sure my wife and kids aren't left with any financial burden, that's all. (Just in case).


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  15. Notretiredyet

    Notretiredyet Active Member

    What local are you in? Ours has someone who works with the local that allows you to pay it thru payroll deduction.
     
  16. UpstateNYUPSer

    UpstateNYUPSer Very proud grandfather.

    This may not be the most affordable option available.


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  17. Nimnim

    Nimnim The Nim

    Agreed, but they may be able to give information while trying to upsell to their market that could help while looking independently.