I am paying 50 dollars a month for $500,000 time insurance?
And your question would be is that a fitting deal, I would say aloud yes.
Congratulations! You are to be commended. You are a believer in protecting the ones you love, to hold on to them "in their own world" , financially speaking, should you be taken out of the picture.
I would read aloud that the policy is probably a 10-year or 20-year renewable term, short knowing your age. The premium isn't high adequate to be a whole duration or universal time.
Answers: I would ask your age and the condition of your health - is it a binding Life Insurance or a term product? There are really too several particulars not agreed to me so therefore I cannot vote yes or no.
not desperate, depending on your age. I'm paying like twenty something a mo. for 100k And the interview is?
Assuming great health and a non-smoker...
You're ~47 near a 20 year term,
~42 beside a 30 year term,
~37 beside a 20 or 30 year term that returns adjectives of your premium at the end of the time frame, OR
you own a universal life span policy that'll lapse some time in the in the neighbourhood future...
If you're younger than that you're paying too much...or you smoke or didn't qualify for the best rate. Just shootin' from the hip though.
Jeff