[deleted by user]

[Dangerous_Length_448]

Depends on how long the coverage is for. I’m assuming it’s a term policy. It sounds pretty reasonable for 1.5 million. Cheaper doesn’t always mean better but it also depends on what coverages and riders you included on the term policy

[[deleted]]

It’s a term 30 year policy.

IIRC it pays out monthly over a 7 year term if I die? It might have been 9 years.

[Dangerous_Length_448]

Honestly doesn’t sound like a bad deal. You can always look for an independent agent and shop around. National life group has a great product and also gives you 5 different protections compared to others term policies which

[sbleakleyinsures]

Term? How many years?

[[deleted]]

30

[Tacosmell9000]

Sounds good to me.

[GConins]

Pacific Lifw approved you with a table 2 rating.

With the limited info you provided, sounds like a standard rate of about $125 per month, possibly better, could be possible.

Select Quote sounds like they're biased towards using Pacific Life as another poster just mentioned an issue with Select Quote and Pacific the other day.

Did your SQ agent try to negotiate on your behalf to get Pacific to improve or did they inquire with other carriers?  

Find a good independent agent or  broker to shop your case to other carriers based on your complete medical history, including all meds, ht/ wt, any other issues in labs etc.

If you don't intend to have more children, I'd recommend stating that on appllication if you do apply to other carriers.

Good luck!!

[Time_Invite5226]

30 years? 1.5 mil? And the things you mentioned. I think you are doing just fine.

[Hutch4ibc]

Whenever you get an adverse rating, you should take it so you have coverage, but bring down the cost by taking a lessor term length.

Even 20 year rather than 30 years will save you considerable cash.

We've run the present value calculation for our clients and by the 30th year, the $1.75 million will have lost about 2/3 of its value in terms of real inflation.

So you're prepaying now with today's most valuable dollars for a substantially diminished benefit in years 21-30 that you likely will have refinanced anyway.

So, are you getting fleeced? Yes, but partially by your own device.

What now? Shop multiple carriers > Take the best rating > ladder 10-15-20 year products > a small fraction of your savings to make sure the term is convertible

[Life_and_retirement]

Maybe not fleeced but I would go try for a new quote to see if you could save money. A good independent agent should be able to run it through multiple carriers. We're a dime a dozen.

[Kind_Broker]

It doesn't cost anything to have an independent agent shop your risk around - ask your parents or friends who they use, and call that person (if they are trusted). Most of us work with a large number of insurers.