Costco Protective LI vs RiverSource LI

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iracks
Posts: 36
Joined: Wed Aug 30, 2017 3:34 pm

Costco Protective LI vs RiverSource LI

Post by iracks » Wed Dec 05, 2018 3:16 pm

Dear Bogleheads

I'm 31, my wife is 29 and we finally decided to take Life insurance now. :)

Please, would you feedback as to which among Costco Protective LI or RiverSource LI is better? When i reviewed the costs, it seems Costco's protective is cheaper and then online reviews for RiverSource are not that good.

Thank you for your time.!

Jags4186
Posts: 2637
Joined: Wed Jun 18, 2014 7:12 pm

Re: Costco Protective LI vs RiverSource LI

Post by Jags4186 » Wed Dec 05, 2018 3:46 pm

I recommend you use a service like selectquote or Geico where they search through dozens of providers. You can then select the one which is least expensive. Life insurance shouldn’t be complicated or require customer service. Just a check in case the unfortunate happens.

j0nnyg1984
Posts: 448
Joined: Sun Apr 24, 2016 9:55 am

Re: Costco Protective LI vs RiverSource LI

Post by j0nnyg1984 » Wed Dec 05, 2018 4:00 pm

if you're looking for life insurance, start and finish your search at:

www.term4sale.com

I've never heard anything bad about the site.

Nate79
Posts: 3733
Joined: Thu Aug 11, 2016 6:24 pm
Location: Delaware

Re: Costco Protective LI vs RiverSource LI

Post by Nate79 » Wed Dec 05, 2018 7:02 pm

Compare actual prices of all of them including the ones you mention and go with the cheapest.

zero sum guy
Posts: 29
Joined: Sun Apr 22, 2007 4:03 pm

Re: Costco Protective LI vs RiverSource LI

Post by zero sum guy » Wed Dec 05, 2018 9:14 pm

Thsnk you johnnyg for that term life insurance link. Finally getting insurance information without pesky life insurance salesmen calling me.

BruDude
Posts: 2808
Joined: Thu Dec 30, 2010 12:28 am
Location: Las Vegas

Re: Costco Protective LI vs RiverSource LI

Post by BruDude » Wed Dec 05, 2018 9:38 pm

iracks wrote:
Wed Dec 05, 2018 3:16 pm
Dear Bogleheads

I'm 31, my wife is 29 and we finally decided to take Life insurance now. :)

Please, would you feedback as to which among Costco Protective LI or RiverSource LI is better? When i reviewed the costs, it seems Costco's protective is cheaper and then online reviews for RiverSource are not that good.

Thank you for your time.!
They are both fine, the best choice is going to depend on your health. One thing you might want to check out is American General and Banner Life both offer a 35-year term policy now, and Banner just introduced a 40-year policy too. All of the other companies are going to be a max of 30 years which doesn't quite get you to retirement age. Obviously the term length depends on what you think you need, but I think the 35/40 year options are going to be popular with the under-35 crowd. Not sure why it took the industry so long to make it happen.

BruDude
Posts: 2808
Joined: Thu Dec 30, 2010 12:28 am
Location: Las Vegas

Re: Costco Protective LI vs RiverSource LI

Post by BruDude » Wed Dec 05, 2018 9:38 pm

zero sum guy wrote:
Wed Dec 05, 2018 9:14 pm
Thsnk you johnnyg for that term life insurance link. Finally getting insurance information without pesky life insurance salesmen calling me.
Ask someone you know to refer an independent agent they have worked with before.

MrsBDG
Posts: 99
Joined: Thu Apr 13, 2017 4:04 pm

Re: Costco Protective LI vs RiverSource LI

Post by MrsBDG » Thu Dec 06, 2018 12:50 am

Yes to term4sale.com, you can research info and can click through to be connected with three agents in your ZIP code.

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