Does Marcus have life insurance?

q067 questions.yaml · questions.yaml:621 notesremindersfinance

Question

A good answer

No policy of his own is saved. A November 2024 note says he has only twice his salary through the district and would look into his own after the holidays; the reminder from January 2025 was never dismissed. Leah's Eidervane term policy is hers.

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Supporting records

The records the answer rests on, from from, with whose they are.

2025 elections Note · saved Nov 6, 2024

date	2024-11-06 12:20
body	2025 elections health FSA (Marcus's, Paylark card) 2,400 dep care FSA (mine) 5,000 dental/vision same life - Marcus has 2x salary from the district and that's it. he says after the holidays

Marcus - get a real life insurance quote Reminder · saved Jan 5, 2025

Whose: Marcus Adeyemi (reminder_subject)

about	- marcus
title	Marcus - get a real life insurance quote
date	2025-01-15 12:00
notifyBy	- sendPush
dismissed	False

Insurance Policy 10/1/41 Insurance Policy · saved Oct 3, 2026

Whose: Leah Brandvold (Me) (covered_item)

covers	me
carrier	eidervane
policy_number	EL-T20-0884172
insured_value	500000
annual_premium	438.6
expiration	2041-10-01
next_payment_due	2027-10-01
remarks	20 yr term, started Oct 2021

File: finance/life-policy-schedule.pdf

Traps it covers

not_saved Marcus has no life policy of his own, only twice his salary through the district; the reminder has been open since January 2025. Neither of them has a signed will: the lawyer's 2022 draft of Leah's is saved, Marcus's matching draft is not, and they stalled on the alternate guardian. Marcus's W-2 comes on paper and goes straight to the accountant, so only Leah's 2025 W-2 is saved. His box 1 was $62,807.90, federal tax withheld $4,378, Ohio $1,454; none of that is in the account.

only_in_file Cash to close ($37,773.28), the seller credit and "no prepayment penalty" are only in the closing disclosure. The escrow balance and late fee are only on the mortgage statement. The life policy's beneficiaries are only on its schedule. Marcus's cholesterol and A1c values are only on the lab report. Nora's grades and absences are only on the report card. The August 3 deadline is only in the school nurse's letter. The 2025 refund is only in the accountant's letter. The office and specialist copays are only on the picture of the insurance card.