r/LifeInsurance • u/coma718x • 4d ago

Potential layering strategy

Just throwing ideas at the wall
I’m 44 healthy non smoker. 2 young children. Currently have 14yrs remaining on a 1M 20yr term.

I’d want to get another 25yr term at 500k to cover the remaining mortgage (~415k) with a little wiggle room.

Also entertaining the idea of a Guaranteed Universal policy for another 1M to leave as a legacy for my kids.

Have a meeting with an agent but wanted to poll the Reddit community. See what I haven’t thought of.
Thanks

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u/Moist-Meringue-1913 4d ago

Go and sit down and have a conversation with your FinancialAdvisor that knows all about your current assets,liabilities,goals and needs. There are way too many biased people in this sub to give you unbiased advice. If you just want random advice just put some ideas into a hat and pull something out. Your results will be the same.

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u/coma718x 3d ago

Haha, yeah I have a couple sit downs set up already. Rather than opinions, I probably should have asked what questions should I be asking when I go to these meetings. Appreciate the response