+1 DP. Bought $1M 20y term from Protective Life through Costco in 2016 and it costs me $36/month after 5 years since 2021. IMO $1M should be good enough to cover one child and spouse expenses in VHCOL area. Also, you're eligible to social security after 20 years since you're mid-40s now.Yes, they have discount (or lower premium) for the first 5 years.
If you buy from Protective Life through Costco, you’ll be getting an absolutely excellent product.
Costco’s general policy is to hold prices low by minimizing the mark up on the goods that it sells.
I know for a fact that the same “low price” philosophy applies to the life insurance that Protective sells through Costco, and the Costco “mark up” is well less than the regular agent commission.
I used Costco for my vehicle insurance as well (but they did not provide home insurance to me due to the fire zone rating).
Thanks again.
Statistics: Posted by majiaknight — Wed Sep 04, 2024 4:40 pm — Replies 24 — Views 2282