Search found 2051 matches

by BruDude
Fri Aug 28, 2015 7:45 am
Forum: Personal Finance (Not Investing)
Topic: Shopping for disability insurance
Replies: 9
Views: 537

Re: Shopping for disability insurance

Maybe I was confused by the automatic benefit enchancement rider (I think that is what is it called). I think the ABE would make more sense if I could adjust it by a certain percentage, say 1% instead of 4%, per year for the first X years. The base policy premium stays fixed, only the ABE increases...
by BruDude
Thu Aug 27, 2015 10:34 pm
Forum: Personal Finance (Not Investing)
Topic: Shopping for disability insurance
Replies: 9
Views: 537

Re: Shopping for disability insurance

I guess where I'm at now is deciding what I NEED and can realistically afford. I am guessing most would agree that a basic plan (ie no riders) is better than no plan. My question, is it worth it to reduce retirement contributions in order to pay for such a policy? I think the frustrating thing is k...
by BruDude
Thu Aug 27, 2015 5:24 pm
Forum: Personal Finance (Not Investing)
Topic: Shopping for disability insurance
Replies: 9
Views: 537

Re: Shopping for disability insurance

If you live in a state where MetLife's Income Guard is available, that product is very similar to what Guardian offers. The Guardian policy has built-in True Own Occupation definition of disability while some of the other companies don't, so make sure that the Own Occupation rider is included if you...
by BruDude
Wed Aug 26, 2015 8:43 pm
Forum: Personal Finance (Not Investing)
Topic: Any minimum income for Obamacare subsidies?
Replies: 30
Views: 1514

Re: Any minimum income for Obamacare subsidies?

The IRS has notified applicable taxpayers that filing a tax return for 2014 is required if the taxpayer wants to receive any PTC in 2016. The IRS is sending letters to taxpayers who received advance payments of the premium tax credit in 2014, but who have not yet filed their tax return. You must fi...
by BruDude
Tue Aug 25, 2015 6:15 pm
Forum: Personal Finance (Not Investing)
Topic: Life insurance
Replies: 4
Views: 537

Re: Life insurance

You probably have some kind of permanent life insurance, either whole life or universal life, possibly indexed universal life depending on when it was purchased. What are your goals for the coverage? Income replacement? Pay off mortgage or other misc. debt? That will help determine the amount of cov...
by BruDude
Thu Aug 20, 2015 12:49 am
Forum: Personal Finance (Not Investing)
Topic: Cancer (and expensive medical expenses) during early retirement
Replies: 29
Views: 3037

Re: Cancer (and expensive medical expenses) during early retirement

If it's that concerning, critical illness insurance is available which pays a lump sum in the event of a diagnosis of cancer or other critical health issues like heart attack/loss of vision/hearing/paralysis/etc. IMO the major cost concern with cancer would be experimental treatments and out-of-net...
by BruDude
Wed Aug 19, 2015 8:18 pm
Forum: Personal Finance (Not Investing)
Topic: Cancer (and expensive medical expenses) during early retirement
Replies: 29
Views: 3037

Re: Cancer (and expensive medical expenses) during early retirement

My wife and I are thinking about very early semi-retirement and early retirement. One of her concerns is what if we got cancer and had high medical bills and couldn't work. I'm not as concerned about it financially if we both carry good health insurance with a manageable out of pocket maximum. I'm ...
by BruDude
Wed Aug 19, 2015 8:13 pm
Forum: Personal Finance (Not Investing)
Topic: Getting term life insurance with high blood pressure?
Replies: 6
Views: 688

Re: Getting term life insurance with high blood pressure?

Some companies will still give Preferred Plus rates even with recent BP diagnosis as long as it's under control with the medication. His height/weight and any other co-morbid health conditions will mostly determine the risk class. What's his height/weight? Other meds/health history? He is 35, 5'11&...
by BruDude
Wed Aug 19, 2015 3:01 pm
Forum: Personal Finance (Not Investing)
Topic: Getting term life insurance with high blood pressure?
Replies: 6
Views: 688

Re: Getting term life insurance with high blood pressure?

Some companies will still give Preferred Plus rates even with recent BP diagnosis as long as it's under control with the medication. His height/weight and any other co-morbid health conditions will mostly determine the risk class. What's his height/weight? Other meds/health history?
by BruDude
Mon Aug 17, 2015 3:30 pm
Forum: Personal Finance (Not Investing)
Topic: Disability/unemployment insurance in retirement planning?
Replies: 5
Views: 370

Re: Disability/unemployment insurance in retirement planning?

I would start here for disability insurance - https://www.bogleheads.org/wiki/Disability_insurance Don't think there is any type of unemployment insurance like what you are looking for. Thanks. It sounds like a "well written policy" would be optimal. I can't quite tell if it only covers d...
by BruDude
Mon Aug 17, 2015 12:44 pm
Forum: Personal Finance (Not Investing)
Topic: Disability/unemployment insurance in retirement planning?
Replies: 5
Views: 370

Re: Disability/unemployment insurance in retirement planning?

I would start here for disability insurance - https://www.bogleheads.org/wiki/Disability_insurance

Don't think there is any type of unemployment insurance like what you are looking for.
by BruDude
Sat Aug 15, 2015 4:49 pm
Forum: Personal Finance (Not Investing)
Topic: PRIMERICA
Replies: 7
Views: 779

Re: PRIMERICA

Primerica is a joke. Their entire philosophy is built on "buy term and invest the difference" but their term insurance pricing isn't competitive. Their philosphy should be "buy term from our competitors and invest the difference" instead. Every Primerica insurance agent I've ever...
by BruDude
Fri Aug 14, 2015 10:33 pm
Forum: Personal Finance (Not Investing)
Topic: Enough Life Insurance?
Replies: 13
Views: 888

Re: Enough Life Insurance?

$5M sounds like a lot of insurance, but if you want to continue the standard of living of a $300k+ income and have some income replacement, it's probably in the ballpark. A conservative 4% return on $5M would be $200k per year, 3% $150k per year, etc, not factoring taxes or what would be used to pay...
by BruDude
Fri Aug 14, 2015 10:23 pm
Forum: Personal Finance (Not Investing)
Topic: Finding good Term-Insurance Policy ... need to sign tomorrow. Who do I trust? Plz Help
Replies: 23
Views: 1165

Re: Finding good Term-Insurance Policy ... need to sign tomorrow. Who do I trust? Plz Help

Quotes are meaningless without an offer. I repeat, quotes are meaningless without an offer. I can quote people with 3 heart attacks and liver cancer a Preferred Plus rate, but that doesn't mean they'll get it. You should be working with an independent agent that can help qualify your health to give ...
by BruDude
Fri Aug 07, 2015 5:19 pm
Forum: Personal Finance (Not Investing)
Topic: Minn Life VAL Policy
Replies: 9
Views: 404

Re: Minn Life VAL Policy

Can't comment on the variable policy since I don't keep a securities license, but I would definitely suggest looking into individual disability insurance if you don't have it already. Group coverage through an employer is not going to be nearly as good as what you can buy on the individual market.
by BruDude
Mon Aug 03, 2015 12:12 pm
Forum: Personal Finance (Not Investing)
Topic: Term Life Insurance
Replies: 2
Views: 221

Re: Term Life Insurance

Hi - thanks for advice in advance. Where is the best place to buy inexpensive term life insurance without a salesman if possible? 59 y/o male good health looking for one million dollar policy and possibly more. Thanks You will always have an agent involved...even if you apply directly with the insu...
by BruDude
Tue Jul 28, 2015 1:10 pm
Forum: Personal Finance (Not Investing)
Topic: Can I reject a medical exam during insurance application without consequences?
Replies: 48
Views: 2751

Re: Can I reject a medical exam during insurance application without consequences?

Not having read all the responses this may be redundant ... When I applied for term life insurance the questionnaire included the question "Have you ever been turned down for life insurance?" I could honestly answer "No." I presume a "yes" would have been a red light. ...
by BruDude
Tue Jul 28, 2015 10:13 am
Forum: Personal Finance (Not Investing)
Topic: Can I reject a medical exam during insurance application without consequences?
Replies: 48
Views: 2751

Re: Can I reject a medical exam during insurance application without consequences?

That's a technicality here. She was denied from the other companies, because she had a record on MIB about her health condition, and this prompted the other insurance companies to dig deeper. She was probably also denied because she had to say she had been denied/rated by a health insurance company...
by BruDude
Tue Jul 28, 2015 9:27 am
Forum: Personal Finance (Not Investing)
Topic: Can I reject a medical exam during insurance application without consequences?
Replies: 48
Views: 2751

Re: Can I reject a medical exam during insurance application without consequences?

Thanks for the input. I am aware of the no medical exam insurance or simplified underwriting insurance. For the former, the limits are really small and really expensive. For the latter, the limits work for me if I get multiple policies, but there is always the fine print of the issuer have the righ...
by BruDude
Tue Jul 28, 2015 2:56 am
Forum: Personal Finance (Not Investing)
Topic: Can I reject a medical exam during insurance application without consequences?
Replies: 48
Views: 2751

Re: Can I reject a medical exam during insurance application without consequences?

Almost all insurance companies will require a medical exam for life insurance. Some are getting more relaxed with their requirements depending on your age and the amount of coverage. Principal will go up to $1 million with no exam depending on your age (though every single one of the applications I'...
by BruDude
Fri Jul 24, 2015 4:37 am
Forum: Personal Finance (Not Investing)
Topic: PenFed 5/5 ARM closing costs of $3900?
Replies: 10
Views: 1052

Re: PenFed 5/5 ARM closing costs of $3900?

PenFed USED to pay the closing costs on the 5/5 ARM but does not anymore. (Actually, this isn't technically correct - there were a few obscure costs that Penfed wouldn't cover if they arose; I don't remember what they were.) These days, PenFed is promoting no origination fees and a free 90 day lock...
by BruDude
Wed Jul 22, 2015 5:09 pm
Forum: Personal Finance (Not Investing)
Topic: Disability Insurance: Pay Jump, have Standard, should I switch to Guardian, and risk medical underwriting?
Replies: 8
Views: 533

Re: Disability Insurance: Pay Jump, have Standard, should I switch to Guardian, and risk medical underwriting?

Both companies have very good policies. If you haven't looked at DI in a few years, you may also find that MetLife's new Income Guard product is very similar to Guardian and often lower priced, though a non-medical occupation may be pretty similar, possibly even less expensive with Guardian. The opt...
by BruDude
Mon Jul 20, 2015 10:44 am
Forum: Personal Finance (Not Investing)
Topic: Baby on the way - help with term life insurance
Replies: 32
Views: 2107

Re: Baby on the way - help with term life insurance

The rates for the 25-year term seem very good, I am assuming you were quoted the Preferred Plus risk class for both of you. Just keep in mind that only about 10% of all applicants qualify for Preferred Plus, so don't be surprised if the rates come back a little higher. Even people in "perfect h...
by BruDude
Mon Jul 13, 2015 2:28 pm
Forum: Personal Finance (Not Investing)
Topic: Life Insurance--- term
Replies: 17
Views: 1284

Re: Life Insurance--- term

2mm in permanent coverage? That must cost you several thousand per year. Terrible. You could get a much larger term policy for that. You are actually greatly underestimating how much the OP is paying. x2 A permanent UL policy at Preferred Plus rates for $2M would be around $7k/year. A whole life po...
by BruDude
Mon Jul 13, 2015 2:04 pm
Forum: Personal Finance (Not Investing)
Topic: Life Insurance--- term
Replies: 17
Views: 1284

Re: Life Insurance--- term

Thanks for the responses. Some answers... -the rate is high because I was honest and said I smoked a few cigarettes last year. I am told I can switch to a nonsmoker rate after 2 years non use which I plan to do. -I understand the credit argument is not good as MetLife unlikely to be that different ...
by BruDude
Mon Jul 13, 2015 12:17 pm
Forum: Personal Finance (Not Investing)
Topic: Life Insurance--- term
Replies: 17
Views: 1284

Re: Life Insurance--- term

I don't know where they got the rates from that OP posted. Here are the rates for MetLife at $1M/30 years, nothing in the $1200 range: Preferred Plus risk class - $909 Preferred - $1029 Standard Plus - $1089 Standard - $1759 And Guardian: Preferred Plus risk class - $860 Preferred - $1020 Standard P...
by BruDude
Wed Jul 08, 2015 4:35 pm
Forum: Personal Consumer Issues
Topic: No dipstick on a new Audi engine!?!!
Replies: 73
Views: 7280

Re: No dipstick on a new Audi engine!?!!

A lot of euro cars have no dipstick.
by BruDude
Sun Jul 05, 2015 12:38 pm
Forum: Personal Finance (Not Investing)
Topic: Buying disability insurance--how do you actually do it?
Replies: 3
Views: 435

Re: Buying disability insurance--how do you actually do it?

I'm a medical student looking to buy LT DI. Pretty sure I want to buy it from Guardian, but open to other alternatives. Guardian won't sell to me directly--their website just lists a bunch of insurance salespersons within a 50 mile radius. Is there a RedFin equivalent for LT DI? If not, and there's...
by BruDude
Sun Jul 05, 2015 12:32 pm
Forum: Personal Finance (Not Investing)
Topic: Disability Insurance for non-skilled job
Replies: 5
Views: 804

Re: Disability Insurance for non-skilled job

Ok, I feel silly asking this but is disability insurance relevant to people who make less than 60k? I feel like a lot of questions or information regarding disability insurance is geared towards high earners like doctors, software engineers, lawyers, etc. and therefore meant to insure against highl...
by BruDude
Wed Jul 01, 2015 4:26 pm
Forum: Personal Finance (Not Investing)
Topic: Health insurance "birthday rule"
Replies: 35
Views: 4265

Re: Health insurance "birthday rule"

Never heard of it, sounds like she doesn't know what she's talking about, but I could be wrong....
by BruDude
Tue Jun 30, 2015 2:43 pm
Forum: Personal Finance (Not Investing)
Topic: Disability Insurance for a Federal Employee?
Replies: 1
Views: 236

Re: Disability Insurance for a Federal Employee?

DI for federal employees is tough because of the FERS disability retirement benefits, which reduces the amount of coverage you can get on the individual market. The policy will be a staggered benefit with two different elimination periods and benefit periods due to how the FERS system works. I haven...
by BruDude
Mon Jun 29, 2015 3:07 pm
Forum: Personal Consumer Issues
Topic: Las Vegas visit ( first time)
Replies: 38
Views: 4213

Re: Las Vegas visit ( first time)

Totally agree on Absinthe and Michael Jackson. Never went to Chinatown. What major streets are around it? One other thing, the Grand Canyon is way too far for a day trip. Pull up a chair at a Sports Book or Blackjack table. The ponies start at 10am. Go to Caesars sports book. Chinatown is down Spri...
by BruDude
Mon Jun 29, 2015 3:07 pm
Forum: Personal Consumer Issues
Topic: Las Vegas visit ( first time)
Replies: 38
Views: 4213

Re: Las Vegas visit ( first time)

One more question. Is Tacos el Gordo the same place that was on the north end of the strip, just past the Wynn? Yes, that was Tacos el Gordo, but they didn't renew their lease and opened a new location in North Las Vegas instead. They still have the downtown Vegas location too. Their landlord must ...
by BruDude
Mon Jun 29, 2015 3:05 pm
Forum: Personal Finance (Not Investing)
Topic: Drop a 3 year old Indexed Universal Life Insurance policy?
Replies: 52
Views: 4653

Re: Drop a 3 year old Indexed Universal Life Insurance policy?

People who don't invest the difference surrender permanent insurance for a large loss. They don't keep it in force and typically pay huge fees for "investing" monthly instead of paying premiums yearly. There is nothing wrong with buy term and invest the difference. It's very rare permanen...
by BruDude
Mon Jun 29, 2015 1:54 pm
Forum: Personal Finance (Not Investing)
Topic: Drop a 3 year old Indexed Universal Life Insurance policy?
Replies: 52
Views: 4653

Re: Drop a 3 year old Indexed Universal Life Insurance policy?

I hope she didn't apply with Primerica. Lousy brainwashed agents, pricing not competitive, underwriting not competitive, and no conversion option. Plenty of other solid companies out there to buy from, check http://www.term4sale.com and use an independent agent. She did apply for Primerica but hasn...
by BruDude
Sun Jun 28, 2015 4:09 pm
Forum: Personal Finance (Not Investing)
Topic: Drop a 3 year old Indexed Universal Life Insurance policy?
Replies: 52
Views: 4653

Re: Drop a 3 year old Indexed Universal Life Insurance policy?

I hope she didn't apply with Primerica. Lousy brainwashed agents, pricing not competitive, underwriting not competitive, and no conversion option. Plenty of other solid companies out there to buy from, check www.term4sale.com and use an independent agent.
by BruDude
Tue Jun 23, 2015 10:23 am
Forum: Personal Consumer Issues
Topic: Convince me not to buy Porsche
Replies: 190
Views: 16021

Re: Convince me not to buy Porsche

Buy an E92 M3. You can find nice examples for $35-45k, will hold its value well, it's a perfect combo of daily drivability, great on the track especially with some mods done, has one of the best engines ever made, and still has luxury comfort (much nicer than the 328, the interior has a totally diff...
by BruDude
Wed Jun 17, 2015 4:17 pm
Forum: Personal Finance (Not Investing)
Topic: Dependent Life claim denied
Replies: 40
Views: 4108

Re: Dependent Life claim denied

Definitely seems like complaint and/or lawsuit. You should have damages because if you had known earlier, you could have taken out another policy on her instead.
by BruDude
Tue Jun 16, 2015 11:30 pm
Forum: Personal Finance (Not Investing)
Topic: Physician Own Occ Disability Insurance
Replies: 29
Views: 2537

Re: Physician Own Occ Disability Insurance

For women, aside from Principal, are there any other companies that offer unisex rate pricing if you can get 2-3 people together? Guardian will do it with three lives, but must be endorsed by the employer which can be hard to do for a company with more than 10-20 employees. Principal is the easiest...
by BruDude
Tue Jun 16, 2015 12:29 pm
Forum: Personal Finance (Not Investing)
Topic: Need advice on Disability Insurance
Replies: 7
Views: 802

Re: Need advice on Disability Insurance

Hello, Longtime lurker, but first time poster - would appreciate insight on this topic. My wife and I are trying to determine whether we should obtain extra disability insurance. We both are residents and have standard policies through our hospital. We do not have any kids, but do plan to have some...
by BruDude
Tue Jun 16, 2015 12:20 am
Forum: Personal Finance (Not Investing)
Topic: Elderly Parents: Estate planning and trust question
Replies: 6
Views: 1073

Re: Elderly Parents: Estate planning and trust question

BL wrote:Perhaps getting a SPIA would be another solution. It would never run out. However, you would want some remaining outside the SPIA and perhaps they couldn't leave that alone.

X2 on the SPIA
by BruDude
Fri Jun 12, 2015 5:40 pm
Forum: Personal Finance (Not Investing)
Topic: term life insurance high monthly premium
Replies: 6
Views: 512

Re: term life insurance high monthly premium

Yes, that sounds good. Where should I go to get that? You mentioned Genworth and SBLI. SBLI if you're looking at 30-year term, Genworth for 20-year term. Genworth's height/weight charts are the most lenient in the industry - their maximum weight for 6'1" is 265 pounds, but they are very strict...
by BruDude
Fri Jun 12, 2015 4:35 pm
Forum: Personal Finance (Not Investing)
Topic: term life insurance high monthly premium
Replies: 6
Views: 512

Re: term life insurance high monthly premium

Clarification. I am looking to just add 20 years for an extra $500k. That would put me at 59 years old when it runs out. And I am fine with that. I ultimately want to get to 20 years $1mil. So I would have my current 30 year policy with 20 years left and a new policy with 20 years left. Thinking ea...
by BruDude
Fri Jun 12, 2015 4:19 pm
Forum: Personal Finance (Not Investing)
Topic: term life insurance high monthly premium
Replies: 6
Views: 512

Re: term life insurance high monthly premium

Took out a term life policy for 30 years. That was 10 years ago. $80 for $500,000. This is through Lincoln (Allstate). Was 29 at the time. Good health. Non Smoker male. My BMI is consider obese. I am 6 1 260. I am a marathon runner and very active. I am 39 now. Still running. I would like to increa...
by BruDude
Thu Jun 11, 2015 11:26 am
Forum: Personal Finance (Not Investing)
Topic: Term Life and LTD - Paralysis by Analysis. Please help me complete this task.
Replies: 17
Views: 2237

Re: Term Life and LTD - Paralysis by Analysis. Please help me complete this task.

The agent indicated Principal has a new plan that does not required a medical test. He indicated that this would cost exactly the same than the insurance performed with the test. The price is the same with Principal whether you do a medical exam or not. [...] he non-medical option with Principal is...
by BruDude
Thu Jun 11, 2015 10:21 am
Forum: Personal Finance (Not Investing)
Topic: How state specific is life insurance?
Replies: 5
Views: 635

Re: How state specific is life insurance?

Thanks BruDude! Does the restrictiveness in NY hurt the consumer in any way (like higher prices or companies more likely to default since they're NY only)? Is it possible to get insurance in another state, or do they require residency? Definitely hurts the consumer since there are far less options ...
by BruDude
Thu Jun 11, 2015 3:33 am
Forum: Personal Finance (Not Investing)
Topic: How state specific is life insurance?
Replies: 5
Views: 635

Re: How state specific is life insurance?

Looking at term4sale.com there are some differences in what is available if I search different states -- notably William Penn is only available here in NY, although I think it might be the same company as Banner elsewhere. This might be a silly question, but what happens if we buy life insurance fr...
by BruDude
Tue Jun 09, 2015 1:20 pm
Forum: Personal Finance (Not Investing)
Topic: When can an early FI person drop disability insurance?
Replies: 10
Views: 1201

Re: When can an early FI person drop disability insurance?

dhodson wrote:I assume you are still working and this is in part at least bc you feel you need the income that your job provides. You likely should keep the DI in place for as long as you need to protect this income stream.


x2
by BruDude
Mon Jun 08, 2015 12:53 pm
Forum: Personal Finance (Not Investing)
Topic: Healthcare cost - Office Visit - negotiated insurance rate higher than cash rate?
Replies: 58
Views: 5404

Re: Healthcare cost - Office Visit - negotiated insurance rate higher than cash rate?

I agree this is how it should work. I suspect for the OP that the claim has not been processed by the insurance company yet, so there is not an EOB which tells everyone the allowed fee. The doctor's office has NO WAY of knowing that fee. The insurance companies do not publish fee schedules (except ...
by BruDude
Mon Jun 08, 2015 10:58 am
Forum: Personal Finance (Not Investing)
Topic: What If Creeping Dementia Impairs Your Financial Judgment?
Replies: 25
Views: 3581

Re: What If Creeping Dementia Impairs Your Financial Judgment?

IMO this is going to be a big issue legally as baby boomers get into their 70's and 80's. Recently there was a legal case involving an insurance agent, Glenn Neasham, that sold an annuity to a woman whose family later claimed she had Alzheimer's at the time of sale, which was suspected but not prove...

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