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Term Life Insurance from Costco?
If you're like me, you have a Costco membership because you like buying everything in bulk. Also, if you're like me, you have signed up for their emails to see what's on sale each week.
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Yesterday, I received this email in my inbox. Now, I have gotten emails from various associations I belong to touting cheap term insurance and I've never looked at it.
But this offer comes from Costco, who takes pretty much most of my paycheque (4 kids eat a lot!). I decided to look into it and see what kind of "deal" it was.
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I clicked the link and filled out the form for a generic, 40 year old non smoking male. If you are an Executive Member, like I am, you receive an additional 10% discount. For $250,000 of 5 year term insurance, the monthly premium is $30.51 after all the discounts and savings.
For comparison, lets look at what a new 10 year term, medically underwritten policy costs for the same client.... $20.71. $10 a month cheaper. From the same company. For 5 years longer!
Don't be fooled by these "savings on term insurance". It's already inexpensive protection.
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If you are interested in adding to your current coverage, or are looking for new, let me know. I can quote insurance from over 20 suppliers to get the best rates for your situation.
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