For a 40 yr old with decent health, what's the best life insurance policy you recommend??
None, it is useless.
Buy term life using personal funds using any online insurance shopping portal. It doesn't cost much more than an employer funded policy which leaves you uninsured without your job. In the event of your death, employer paid insurance is taxed above a nominal amount in most countries. Cover enough to replace your current and future income for your dependents.
Don't buy extra on top of the company's free insurance. That money is better spent buying term life. Buy just enough for your family to pay off all obligation plus 5-10 yr minimal expenses. The term should expire when you expect to stop working (at that point it doesn't matter if you die)
Please provide family data. Spouse? Kid(s)? If yes then we can answer. If answer is none of the above, then you need zero life insurance. Term life is meant to provide income in case of your untimely death. If you have spouse/kids that rely on your income then you need it. If no heirs then you need none. Pls dont buy any without a family that would need it. Single people buying any life insurance is flushing money down a toilet. The only folks that will argue otherwise are insurance salesmen or financial advisors, both of which get paid on you buying.
I bought term thru selectquote but lots of portals, if in good health you should be able to get 20 year term pretty cheap at your age,even for $1MM coverage
Mass Mutual is a good company
None unless your are sole support of a large family with young kids.
Working Parents
Yesterday
2653
Is it true many Indian couples are in sexless marriage?
Fitness
Yesterday
944
how can i loose 5 pounds with small changes to lifestyle
Personal Finance
Yesterday
3188
Is it cheaper to eat chipotle everyday than buy groceries ?
India
2d
2830
Dating for Marriage is Hard
Tech Industry
Yesterday
3444
Does msft really pay this low?
Whatever your company gives you for free, plus the cheapest term policy you can find, that, in aggregate, gives your family the money to pay off your debts. Stay away from whole, they’re all scams.