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Life Insurance

January 12th, 2006 at 08:47 pm

I forgot to add this in my earlier entry...

I got hubby's January paycheck. His life insurance, which he gets through work, went up $14/month!!! He gets x times his salary, so I don't know if they recalculate the total each year and adjust it, or if it's just that he's a year older now, or if they raised the rates on everyone, or a combination of all three, but $225/year is insane! What bums me out even more is that right before the end of the year, I went onto lowermybills.com and checked out 20-year term insurance for him. Turns out it was only about $2/month cheaper than what he had through work. Given that the insurance through work doesn't expire, increases with his salary each year, and doesn't require a separate physical, it was definitely worth staying. I mentioned the increase to him yesterday, and he's reluctant to switch, I think primarily because he doesn't want to take the extra physical and he doesn't like the fact that term insurance expires. I'll call to see what caused the increase, then I'll have to stew about this while I figure out what to do...

On a lesser (but still annoying) note, I got a letter in the mail from our bank. Seems like savings accounts will be charged a $3 monthly fee if the balance falls below $300. This shouldn't be a problem for me, but I'll need to be careful, as this is my "fun money" account and it sometimes falls below that level, also this is the source for the money I use to open other accounts. Hmmm...

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