Military Insurance: 250,000 is not enough

Comment #16

pumpi76 — Fri, 09 Nov 2007 09:54:58 GMT

You know when i watch the movie Gladiator, i remember the soldiers of the Roman Empire...And i know they didn't die in vein, at least they are remembered in my mind...Specially when i listen to the soundtrack of Gladiator...

Comment #15

pumpi76 — Fri, 09 Nov 2007 09:51:24 GMT

And in the future decades and centuries from now as the value of currency goes up so can the value of the 1 million dollars (everything goes up accordingly)...Maybe this 1 million dollars in interest in generations to come will spark interest in the military...

Comment #14

pumpi76 — Fri, 09 Nov 2007 09:46:39 GMT

Do we remember our great, great, great grandfather? Do we visit their grave? Do we have picture or portray of them? Yeah we may know that our great, great, great....grandfather serve in the civil war but do we have portray of them? And what was so great that we call the great? MY point and that will be that they serve and die in the military...

Comment #13

pumpi76 — Fri, 09 Nov 2007 09:39:00 GMT

How much is the U.S Army total number? 700,000 perhaps...How about the total number of the U.S military, i say 1 Million....How about the number of military of the G7 countries total combined (I don't know i am guessing), maybe 3 Million 500,000? If you multiply 1 million dollars by the number of casualties in irak, which i am guessing is like 5,000? That number totals 5 Billion dollars...If you multiply 3 million 500K times 40 dollars a month, it will equal 140 million dollars A MONTH...That's 1 Billion 680 million...Those 140 millions will equal 5 billion in 3 years...And if you double the number of casualties (May God not so wish and may they rest in peace) to 10,000, ( which equal 10 Billion) then those 140 million will reach 10 bilion in 6 years...Plus the number of years the military stands out of war in peace? Add to that 10 to 20 years...Don't take this so seriously is only a theoretically pop in my head calculation....The only problem with this is that it doesn't take into account a war like the Vietnam War or World War 2...And ask yourself don't you want piece in the world for centuries, just like an empire...One thing i see is that great, great grandkids because they will receive the benefits of those 1 million dollars in interest, they will remember more their great greatgrandfather that pass away in combat and not forget him like they do in SOME FAMILIES...Atleast the grave of the great, great, great grandfather who died in combat will be visited by his great, great, great grandkids and not forgotten...... [ More ]

Comment #12

pumpi76 — Fri, 09 Nov 2007 08:59:21 GMT

I am glad of what i wrote, because is taking the military to a new level..A level of empire...

Comment #11

pumpi76 — Fri, 09 Nov 2007 05:58:13 GMT

"Most people dont' have a million dollar policies"....Maybe a watch too much the movie "Gladiator"...... : ( I don't know why people like the movie Gladiator for or for what they have it for...

Comment #10

justxploring — Thu, 08 Nov 2007 21:53:12 GMT

Regarding starting a business, the whole point of life insurance is to cover the beneficiaries so they can pay for expenses, not make them wealthy. $29 for a $400,000 death benefit is very cheap. People don't buy million dollar policies unless they are very rich and have assets to protect, because it's too expensive. A healthy, non-smoker would be paying over $200 a month for a 20 year term, which means he/she has to die within that term or pay even more for a return of premium rider.... [ More ]

Comment #9

pumpi76 — Thu, 08 Nov 2007 18:53:15 GMT

I mean you can't even start a bussiness with 500K...Well it should be like 300K after you burry your husband and you pay for the house...So with 300K you definately can't start a bussiness...And isn't it to be well taken care for life you and your kids that you start a bussiness?

Comment #8

pumpi76 — Thu, 08 Nov 2007 18:46:01 GMT

I don't know about losing someone in combat, but i am saying, how would you know what it feels like...When i was in the military the Maximum life insurance you could get was 250,000 dollars...They had to plans one i think it was for 150,000 dollars that will cost you 10 dollars and another one for 250,000 dollars that will cost you 20 dollars...I am willing to bet that if you did a poll or you gave people the option between those 500,000 dollars and 70,000 dollars a year for life or even 50,000 dollars a year for life and transferrable to your grand kids and great grand kids, they will choose the 70,000 or 50,000 dollars a year for life...... [ More ]

Comment #7

pumpi76 — Thu, 08 Nov 2007 18:05:46 GMT

"The total benefit is 500,000 which is paid to the surviving spouse or child"...I was in the military for 1 year and a half..I know about the life insurance because they brought it to our attention...YOu had to pay 20 dollars a month for it and and it wasn't mandatory and that was the most they had...I am talking about making it mandatory and by the way 500,000 dollars is not much money either...I am talking about taking care of the spouse for life....1 million dollar is enough and placing it in the bank is the best option plus is transferrable..I liken it to the idea that the government was offering you a job for the rest of your life but the job was your home...In 3 or 4 years those 500,000 dollars will be cleaned and the kids will not be able to go to a decent university...No offense but humans are very stupid, they take that money and waste like that...MY PLAN IS THE BEST COURSE OF ACTION...And again this is more like a theoretical plan that pop in my head...This is not A TERM PAPER (Research Paper)...And what do you know about losing a loved one in combat...... [ More ]

Comment #6

time*treat — Thu, 08 Nov 2007 10:27:54 GMT

Sometimes you want to rent a car for long trips rather than take your more sickly "home" car. Nearly any rental place will let you take one to Canada. South of our border is a *totally* different story. That type of institutionalized corruption is a dirty secret to why people don't want an N.A.U., but anytime you say the real "whys", people say it's about race. Imagine a gov't with: Canada's taxes, U.S. ineptness, and Mexico's violence & corruption ... *cringe... [ More ]

Comment #5

justxploring — Thu, 08 Nov 2007 07:56:17 GMT

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Comment #4

justxploring — Thu, 08 Nov 2007 06:39:07 GMT

However, seeing our brave men and women return alive and in one piece would be the best type of insurance. <br

Comment #3

time*treat — Thu, 08 Nov 2007 00:03:43 GMT

Canada (for now) is its own separate nation. It's just Americans view them as so much like "us" than, say, Mexico. Until recently, you could go to Canada with just a U.S. drivers license for I.D. The same is true for Mexico, but in Canada, your car won't be stolen by the police.

Comment #2

pumpi76 — Wed, 07 Nov 2007 15:02:21 GMT

Well didn't know that Life insurance are not taxed..Because i was going to say that this didn't include taxes...About the G7 countries, since the age of 14 i've known what the G7 countries were, but i wasn't sure if Canada was on it...I used to know that Canada was on it, but until recent years i heard that China maybe on it, so i thought that i got Canada wrong and was missing China...I've been also told that Canada is not an actual country (which i don't know) but a part of Great Britain..I even know in which order they go (except for Canada) from more wealthy to less wealthier...About me researching this...I consider this a blog not a term paper; i just write what pops in my head...... [ More ]

Comment #1

time*treat — Wed, 07 Nov 2007 12:01:10 GMT

1. Life insurance benefits are not taxed (under current law). 2. The G-7 consists of the United States, Japan, Germany, France, United Kingdom, Italy, and Canada. You should research these things... *sigh

Original Blog Entry: Military Insurance: 250,000 is not enough

pumpi76 — Wed, 07 Nov 2007 01:47:44 GMT