Posted on Sep 5, 2020
MSG Mario F.
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I retired in 2018. I elected for VGLI, but now that I am 50 years old my monthly payment is $144. Now that I am on a fixed budget, I need to look for a life insurance company that is not so expensive especially when I become older. I would appreciate any advice. Thank you!
Posted in these groups: Retirement_logo RetirementInsurance1 Insurance
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Responses: 7
COL David Turk
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AAFMAA
Www.aafmaa.com
Not for profit run by former military types just for military types.
Very highly rated.
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COL David Turk
COL David Turk
11 mo
The cheapest way to go is “term” insurance. The agents their don’t work on commission, so their advice is strictly for your benefit. I would rate them better than USAA.
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MSG Mario F.
MSG Mario F.
11 mo
Thank you, Sir!
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Lt Col Jim Coe
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It depends on your insurance needs to some extent. Recommend you consider:
-contact Edleman Financial Engines. They are financial advisors. Can help with investments and insurance.
-Both USAA and MOAA offer life insurance and are military friendly
-look for a local independent insurance agent who can help you select insurance products that meet your needs without being tied to a single company
-insurance is not an investment or savings program. Policies that say they are often have high commission for seller.
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MSG Mario F.
MSG Mario F.
11 mo
Copy all, Sir. Thank you so much for taking the time.
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MSgt Robert Cunningham
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Edited 11 mo ago
in less your going to pass real soon - or 20 - 30 yrs or more . - give me your money - I’ll put it in a whole for you. $144. a month . whole life has holes big enough for your money. - ??
maybe you’ll see it again ??
just put it in your credit union savings account and draw interest . - you have to put it in and don’t touch
it. set up your beneficiary.
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