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Thread: Life Insurance

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  1. #1
    Nick Kennedy
    Join Date
    Nov 2011
    Location
    Telluride Colorado
    Posts
    125

    Life Insurance

    Hi Gents
    Shopping for Rider friendly Life Insurance, any suggestions?
    thanks in advance
    Nick Kennedy

  2. #2
    Registered User GKman's Avatar
    Join Date
    Jun 2012
    Posts
    154
    I'm happy with what Captain America had. Pay out isn't good but at least premiums are free.

  3. #3
    Registered User argent brick's Avatar
    Join Date
    Aug 2012
    Location
    Wine Country, Northern California
    Posts
    461
    Look for something similar to what members of our military use. I think it is called SGLI.
    It is cheap and has fantastic coverage.
    Lynn
    MOA #57883
    Current Ride: 1995 K75 Standard
    Past: 1978 Yamaha XS 750, 1976 BMW R60/6

  4. #4
    Old man in the mountains osbornk's Avatar
    Join Date
    Feb 2006
    Location
    Marion VA-In the middle of some of the best riding in the country.
    Posts
    3,289
    I would only consider term insurance regardless of who you buy it from.
    'You can say what you want about the South, but I almost never hear of anyone wanting to retire to the North.

  5. #5
    Rpbump USN RET CPO Rpbump's Avatar
    Join Date
    Jan 2008
    Location
    Jacksonville, FL
    Posts
    1,003

    Thumbs up

    Term insurance is cheaper in the long run. Life insurance offered by your place of employment is usually quite affordable. Since I ride 12>15k miles per year I also purchase Med-Jet insurance. RIDE SAFE
    Cave Contents: 1980 R100RT/Ural Sidecar, 2004 R1200CLC, 2006 HD FSXTI
    Ride Safe

  6. #6
    Registered User
    Join Date
    Oct 2005
    Location
    Whitefish Bay, WI, 3mi N Milwaukee
    Posts
    1,604

    Talking Whoa.

    Nick,
    Ok, roll off some throttle and scrub off some speed here.
    I am in the securities and insurance biz.

    There is a difference between just riding motorcycles and racing them. If you merely ride them, life insurance will be very affordable. If you race them, then that is a very different story.

    But, like anything else, if your DMV record has recent incidents of DWI or a block of moving violations, then you may end up paying more or even declined for coverage.

    If your need has definite start and end, or if the coverage is short term AND you have your financial house in order, then term insurance is perfectly fine.

    There are reasons to have permanent coverage, but this is not the forum for that type of discussion. Also, one gets what one pays for. Super cheap prices may mean not as good fine print.

    PM if you have questions. TY, Howard
    "What is beautiful is simple, and what is simple always works"....Kalashnikov, inventor of the AK-47.
    Currently bikeless, but looking hard! "Center yourself in the vertizontal. Ride a motorcycle...namaste' "

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