Prepare for a worry-free future

Factors to consider when examining your options for long-term medical care.

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Bernard M. Sullivan Insurance Agency, in Ipswich, MA. Call for 978-356-5511 or visit SullivanInsurance.com for Homeowners Insurance, Auto Car Insurance, Umbrella, Boat, Mobile Home, Valuable Items and Identity Theft. Serving Ipswich, Rowley, MA; Hamilton, MA; Essex, MA; Newbury, MA; Topsfield, Massachusetts. Schedule an appointment and will come out to you. Business Insurance Options Property, Liability, Automobile Insurance, Performance Bonds, Workers’ Compensation, Professional Liability, Errors & Omissions, Directors & Officers Liability, ERISA Bonds, Employer Practices Liability, Liquor Law Liability, Flood Insurance, Group Disability, Group Life, Key Person Life and Disability. Plus Short-Term Disability, Long-term Disability, Term Life and Whole Life Bernard M. Sullivan Insurance Agency Inc. offers Retirement Solutions – Trditional & Roth IRA’s, Education Funding Strategies – Coverdell Education Savings Plan, Asset Protection Strategies – Disability Income Insurance, Long-Term Care Insurance, Employee Benefits Planning – Health, Dental Long/Short Term Disability

I am his wife and was advice my our financial planner to have a one million dollar policy so that I could pay off the mortgage (~350K) as well as car payments and the like. This does not seem excessive to me, but my husband is now furious. I have been married to him for nine years and he brought it up tonight for no reason.
My father, who also was a physician, died last month and left me three million dollars in a trust fund. So I have my own money, plus I have my own 401 K (95 K) and my own brokeragge account (120K).
Is my husband wrong to be so upset about a silly one million dollar life insurance policy????????
Thanks-
I am the “cheap” husband, according to one answer.
A few things my wife forgot to mention: She quit her job last year, so her 401 K and the like…they don’t accumulate any more money at this point, except to pay for the lapsed dental/health insurance we must now pay out of pocket for. Her trust fund ineritence: only 1/3 is hers in another 1 and 1/2 years, the rest after five more years after that. If my wife dies before then, the money goes to her aunt. So when she says she has money, she means she had saved money, she is referring to a financial pool we BOTH contribute to. So, yeah…why is she so keen on getting a million bucks for my untimely death when she has the money coming to her in the next several years? Is something going to happen to me between now and then that I don’t know about? Hmmmmmmmm……
Christ, all this thinking…I’m gonna go play some Guitar Hero III

There are several ways to maintain health coverage until you qualify for Medicare.

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