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Brown Cafe UPS Forum
UPS Retirement Topics
Retiree Life Insurance
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<blockquote data-quote="beentheredonethat" data-source="post: 1096539" data-attributes="member: 4886"><p>UPS had term life insurance policy of 10x monthly pay and the option to buy more term life insurance. I never bought more, since I had my own policy that I bought (via selectquote) that was cheaper then what I could get via UPS. I am actually going to sign up again for another 10 year term policy (my current term policy goes for another 2 years). I figure I'll be able to get a new 10 year plan, and I'll still be young enough to get a decent rate, and yet once the 10 years is up, I'll be at retirement age with all my kids out of college, at that point, I wouldn't need to buy life insurance anymore. If he's retired, and assuming you selected a pension of joint surviving, why would you pay for a life insurance policy for a retired person? That doesn't make much sense.</p></blockquote><p></p>
[QUOTE="beentheredonethat, post: 1096539, member: 4886"] UPS had term life insurance policy of 10x monthly pay and the option to buy more term life insurance. I never bought more, since I had my own policy that I bought (via selectquote) that was cheaper then what I could get via UPS. I am actually going to sign up again for another 10 year term policy (my current term policy goes for another 2 years). I figure I'll be able to get a new 10 year plan, and I'll still be young enough to get a decent rate, and yet once the 10 years is up, I'll be at retirement age with all my kids out of college, at that point, I wouldn't need to buy life insurance anymore. If he's retired, and assuming you selected a pension of joint surviving, why would you pay for a life insurance policy for a retired person? That doesn't make much sense. [/QUOTE]
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