Laura,
It makes me (and others) feel bad to see someone in dire straights ... I really hope that things improve soon for you and your fiance. Continue to trust in yourself and listen to your own instincts on what you need to do.
I don't know what your fiance is looking at for insurance, but I went to one of the popular web sites to look up insurance premiums for a 10-year $50,000 term policy. Since I don't know the specifics of your fiance, I made some assumptions:
1) Your fiance can answer "No" to these questions:
Have you been diagnosed with or treated for any of the following within the past three years: heart disease, chronic circulatory, respiratory (except asthma), kidney or liver disease, epilepsy, stroke, or cancer (other than basal-cell skin cancer)?
Have you had 3 or more moving traffic violations within the past 3 years?
Have you been convicted of a DUI/DWI within the last 7 years?
To your knowledge, have your parents, brothers or sisters had cancer, heart disease or diabetes prior to age 60?
Have you been diagnosed with Arthritis, Asthma (moderate or severe), depression (in past two years), elevated cholesterol, gastic/peptic ulcers (in two years), hypertension (high blood pressure)?
2) He's 45 years old, living in Ohio (just an assumption, I don't know where you live), is 5'10" tall, and weighs 170 lbs.
3) You wish to pay premiums quarterly (vs. once a month, twice a year, or yearly).
4) Normal blood pressure and cholesterol levels
The premium amount would be $240/year payable as $60/quarter. Or you could pay $20/month by automatic debit.
Obviously this is based on the assumptions I made. If you want to provide more specifics, I can get you an more accurate quote.
Just don't buy whole life or universal life. If you are struggling to make ends meet, you don't want the investment component of life insurance.
Edited by - Southland on 25 June 2002 16:8:18