Life insurance....

tached1000rr · 10-20-2011, 11:20 AM

Thinking of our recent loss of 101lifts, I began thinking about how many of our members on here, particularly those with dependents and spouses have adequate life insurance coverage?

While my coverage is decent I've decided to bump it up a bit more, with a wife and three kids, 2 of which are in college and 1 soon to be in 3 more years I would like to know that if something happened I left them all something they could fall back on.

We all know that our hobby has certain risks, and some of us up the ante quite a bit in our style of riding, this is just my public service announcement to make sure that your loved ones are covered in the event that tragedy strikes.

Ride safe all.......

shmike · 10-20-2011, 11:28 AM

I'm pretty well covered.

My family won't have to worry if I pass but they won't be super rich either.

I'm paying about 3x's what an "normal" person my age would for coverage because I race. I'll redo and increase my coverage when I hang up my boots.

EpyonXero · 10-20-2011, 11:33 AM

I have the default insurance that comes through work. No dependents.

derf · 10-20-2011, 12:00 PM

400k through work, plus another 200k I pay for

pauldun170 · 10-20-2011, 12:35 PM

I have through work and through seperate insurance co.
Enough to pay off the house, and enough for her to:
1. Provide for herself and the boys
2. Have enough to live off of while she gets back on her feet (3-5 years -since shes been a stay at home mom for the past 6 years, she'll need some time to get back into the working world).

Prior to getting the ins policy...she would never let me go riding at night and she would always say how much she worries about me when I'm out riding.
With the insurance policy now in effect...
"Enjoy your ride"

Bluestreak · 10-20-2011, 12:54 PM

I'm worth more dead than alive!

wait... don't tell the wife... she knows how to shoot!

LeeNetworX · 10-20-2011, 01:02 PM

I've been thinking alot about such things lately as well, as a result of 101's incident. In the back of my mind I've even considered putting a pause on riding for a while - until the kid(s) are a little older.

Currently, we both have adequate coverage to pay off all debts and put some money in bank for long term needs, for the other person. We're maxed out on the coverage made available by our employers; Im' going to be looking into augmenting the coverage through our Allstate, our current home/auto insurer.

fatbuckRTO · 10-20-2011, 01:08 PM

Quote:

Originally Posted by pauldun170

Prior to getting the ins policy...she would never let me go riding at night and she would always say how much she worries about me when I'm out riding.
With the insurance policy now in effect...
"Enjoy your ride"

lolololllllololol

Gas Man · 10-20-2011, 01:44 PM

I have enough to pay off the house and then 3 times my salary. No kids... so wifey won't be rich but she'll have a paid off house, with money to spare... she should be able to live as she does now...

Rangerscott · 10-20-2011, 03:02 PM

I dont have crap. Im by myself so selling of my stuff would pay for my funeral. Only thing I owe money for is my other bike and Im sure the bank would just take it.

10-20-2011, 11:20 AM	#1
tached1000rr WERA White Plate Join Date: Dec 2008 Location: NC Moto: 2009 GSXR 1300 Posts: 2,448	Life insurance.... Thinking of our recent loss of 101lifts, I began thinking about how many of our members on here, particularly those with dependents and spouses have adequate life insurance coverage? While my coverage is decent I've decided to bump it up a bit more, with a wife and three kids, 2 of which are in college and 1 soon to be in 3 more years I would like to know that if something happened I left them all something they could fall back on. We all know that our hobby has certain risks, and some of us up the ante quite a bit in our style of riding, this is just my public service announcement to make sure that your loved ones are covered in the event that tragedy strikes. Ride safe all.......

10-20-2011, 11:28 AM	#2
shmike Follower Join Date: Nov 2008 Posts: 5,549	I'm pretty well covered. My family won't have to worry if I pass but they won't be super rich either. I'm paying about 3x's what an "normal" person my age would for coverage because I race. I'll redo and increase my coverage when I hang up my boots. __________________ Racing For Smiles

10-20-2011, 11:33 AM	#3
EpyonXero AMA Supersport Join Date: Nov 2008 Location: Redneck Riviera, FL Moto: 2003 VFR800f6 Posts: 2,531	I have the default insurance that comes through work. No dependents. __________________

10-20-2011, 12:54 PM	#6
Bluestreak What? Join Date: Nov 2008 Location: Lancaster, PA Moto: Dirt Posts: 578	I'm worth more dead than alive! wait... don't tell the wife... she knows how to shoot! __________________ Lean till you see sparks. If they are coming from your pegs you are doing good. If they are coming from you tank, you've just gained wisdom... Wisdom usually hurts.

10-20-2011, 01:44 PM	#9
Gas Man Trip's Assistant Join Date: Feb 2008 Location: Imported from Detroit Moto: 2009 HD Street Classic Posts: 12,149	I have enough to pay off the house and then 3 times my salary. No kids... so wifey won't be rich but she'll have a paid off house, with money to spare... she should be able to live as she does now... __________________ -Chris "Why pay somebody else to fuck up your bike?" Run Amsoil Product

10-20-2011, 12:00 PM	#4
derf token jewboy Join Date: Nov 2008 Moto: CBR 900, KLR ugly ass duckling, Gas Man Posts: 10,799	400k through work, plus another 200k I pay for

10-20-2011, 01:02 PM	#7
LeeNetworX SFL Expatriate #1 Join Date: Nov 2008 Location: ATL Burbs Moto: '09 Triumph Speed Triple Posts: 4,712	I've been thinking alot about such things lately as well, as a result of 101's incident. In the back of my mind I've even considered putting a pause on riding for a while - until the kid(s) are a little older. Currently, we both have adequate coverage to pay off all debts and put some money in bank for long term needs, for the other person. We're maxed out on the coverage made available by our employers; Im' going to be looking into augmenting the coverage through our Allstate, our current home/auto insurer.

10-20-2011, 03:02 PM	#10
Rangerscott Viff6N Mutated Warrior Join Date: Mar 2009 Location: Texas Moto: '01 Honda VFR 800 & '09 ER-6N Posts: 8,704	I dont have crap. Im by myself so selling of my stuff would pay for my funeral. Only thing I owe money for is my other bike and Im sure the bank would just take it. Last edited by Rangerscott; 10-20-2011 at 03:05 PM..