... Selling Life Insurance

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About how many thousand dollars of assets would be necessary to clear the way for a complete settlement if anything should happen to you ?
"Yes, including the money that you would want to have go to your wife and your indebtedness.
"Well, I'm going to suggest that you take an option to cover seventy-five thousand. Let me explain ex- actly what I mean. The whole plan hinges on the fact that at the present moment you have heavy obliga- tions, but that in six or seven years you will be clear.
We c
...an cover you just for that period at an option figure far and away below the ordinary life-insurance deposit. You are now thirty-five years old, you say?
Well, the price for seventy-five thousand dollars would be between and hundred dollars, which you can pay quarterly if you wish.
"No, you certainly do not lose all the money you have deposited if nothing happens to you. I'm afraid that I haven't made myself clear. This is only an option on your permanent insurance; it will cover your insurance until you are on your feet again, and then you can decide on the kind of insurance you want to carry.


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