Skip to content
Andrew Tobias
Andrew Tobias

Money and Other Subjects

  • Home
  • Books
  • Videos
  • Bio
  • Archives
  • Links
  • Me-Mail
Andrew Tobias
Andrew Tobias

Money and Other Subjects

A Good Site for Cheap Life Insurance

July 14, 2000February 15, 2017

Pete C: “I am thinking about buying some I-Bonds and went to savingsbonds.gov. I used their Savings Bond Calculator to calculate the value of a $500 I-Bond issued in June and redeemed on 6 months later. The Calculator told me the bond would accrue $9.20 in interest. To my simple, (seemingly) straightforward math mind, that means the bond would have returned 1.84% of the principal in a six-month time period — an annualized return of 3.68%. However, isn’t the annualized return supposed to be 7.49%, the current posted rate for I-Bonds? Help please, I don’t understand.”

–Redeeming Savings Bonds before five years have elapsed, you forfeit three months’ interest.

Robert Pistey: “While searching for 20-30 year level premium term life insurance, I discovered John Hancock’s Marketplace website (jhancock.com). They appear to offer the most competitive rates, offering a 20% discount for ordering through the net as well as a 5% discount on the first year’s annual premium if paid by credit card. I’ve also found that calling the toll free number and mentioning the word ‘Internet’ will get you all the discounts without having to type in the information. The rep will take it over the phone.”

–Click here to get a quote. A 30-year-old nonsmoking male in good health might pay a flat $570 a year for 20 years for $1 million in coverage (until, say, the kids are largely grown).

Before you buy, do some comparison shopping over at Quicken‘s insurance page. (Interestingly, entering the same healthy 30-year-old male here and asking for the same $1 million with a flat premium for 20 years yielded a John Hancock quote of $1,000. Just goes to show the importance of “shopping” — even within the same company.)

Post navigation

← SOME Dot.coms Are Still Willing to Give Away the Store
Of Extravagance and Parsimony →

Quote of the Day

"We've forgotten all the sacrifices that the people who've gone before us made to give us this wonderful life that we have. We accept it; we take it for granted; we think it's our birthright. The facts are, it's precious, it's fragile -- it can disappear."

Ross Perot, 1988

Subscribe

 Advice

The Only Investment Guide You'll Ever Need

"So full of tips and angles that only a booby or a billionaire could not benefit." -- The New York Times

Help

MYM Emergency?

Too Much Junk?

Tax Questions?

Ask Less

Recent Posts

  • Our Record-High Stock Market

    June 30, 2025
  • Stuffing The Goose

    June 30, 2025
  • Yes! (Plus A Bonus)

    June 29, 2025
  • How Does THAT Make You Feel . . .

    June 27, 2025
  • Randi, David, Ken, and HYMC

    June 26, 2025
  • Six Links For Your Consideration

    June 25, 2025
  • Weekend Reading

    June 20, 2025
  • Oh, My

    June 18, 2025
  • 3 Quick Clips

    June 17, 2025
  • A Quick Poem

    June 15, 2025
Andrew Tobias Books
  • Facebook
  • Twitter
©2025 Andrew Tobias - All Rights Reserved | Website: Whirled Pixels | Author Photo: Tony Adams