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Re: Term Life Insurance Dilemma

Why those two specific companies? There are plenty of reputable companies selling 30-year term. Buying a 10-year term and then waiting 10 years to buy a 20-year term will cost you a lot more money and who knows what your health will be like 10 years from now. Keep it simple and get a 30-year term po...
by BruDude
Sat Jan 31, 2015 4:30 pm
 
Forum: Personal Finance (Not Investing)
Topic: Term Life Insurance Dilemma
Replies: 11
Views: 421

Re: Is my term life policy quote too high?

I also have a family history, and broker steered me towards Prudential and Voya. Prudential only looks at deaths before the age of 60, and only asks about immediate family, (siblings and parents). Rates from other companies were WAY higher due to my family history, so definitely shop around. Almost...
by BruDude
Mon Jan 26, 2015 3:23 pm
 
Forum: Personal Finance (Not Investing)
Topic: Is my term life policy quote too high?
Replies: 39
Views: 2427

Re: Is my term life policy quote too high?

A couple of suggestions: Shop SBLI as well if your broker does not have a quote from them for you. Initially they had the lowest rate for me ( 33 yo, Male, 1 million 30 year term). I happen to have my Auto and Home/Umbrella policies with Amica so I received a Life quote from them as well. I receive...
by BruDude
Mon Jan 26, 2015 11:23 am
 
Forum: Personal Finance (Not Investing)
Topic: Is my term life policy quote too high?
Replies: 39
Views: 2427

Re: Is my term life policy quote too high?

I broke the magic 40yr mark and I have a permanent med. No one is giving a "preferred plus" exceptional health plan to someone with med's or family history now that Obamacare has kicked in. I checked out 10 different providers and every one of them put me in the "Regular" averag...
by BruDude
Sun Jan 25, 2015 4:23 pm
 
Forum: Personal Finance (Not Investing)
Topic: Is my term life policy quote too high?
Replies: 39
Views: 2427

Re: Is my term life policy quote too high?

I wish I could get it for that. 43, non smoker, blood pressure med = $143.00 a month for $600k 20yr term. That's a good rate (for me) I shopped around. For those that bought term for under $90 a month how many years ago was that? I'm betting 5+ as ObamaCare helped raise prices a couple of years ago...
by BruDude
Sat Jan 24, 2015 6:14 pm
 
Forum: Personal Finance (Not Investing)
Topic: Is my term life policy quote too high?
Replies: 39
Views: 2427

Re: Is my term life policy quote too high?

Don't use State Farm or NWM. Both are captive companies with tough underwriting. Pacific life and banner life will be the two lowest prices you're going to find anywhere.
by BruDude
Sat Jan 24, 2015 5:22 pm
 
Forum: Personal Finance (Not Investing)
Topic: Is my term life policy quote too high?
Replies: 39
Views: 2427

Re: Is my term life policy quote too high?

No way he's going to get Preferred Plus with a family history of cancer. Go to term4sale.com and play around with the website and you can get a ballpark. I'm getting ~$80s/month for you with $1MM, 32 years old with a "preferred" rating. When I change the rating to "Regular Plus"...
by BruDude
Sat Jan 24, 2015 1:51 pm
 
Forum: Personal Finance (Not Investing)
Topic: Is my term life policy quote too high?
Replies: 39
Views: 2427

Re: Is my term life policy quote too high?

No way he's going to get Preferred Plus with a family history of cancer. Go to term4sale.com and play around with the website and you can get a ballpark. I'm getting ~$80s/month for you with $1MM, 32 years old with a "preferred" rating. When I change the rating to "Regular Plus"...
by BruDude
Sat Jan 24, 2015 1:46 pm
 
Forum: Personal Finance (Not Investing)
Topic: Is my term life policy quote too high?
Replies: 39
Views: 2427

Re: Is my term life policy quote too high?

Pacific Life looks ok at Preferred Plus, same with Banner. Pacific = $775 annually, Banner = $780
by BruDude
Sat Jan 24, 2015 1:38 pm
 
Forum: Personal Finance (Not Investing)
Topic: Is my term life policy quote too high?
Replies: 39
Views: 2427

Re: Terrible ? but...How hard is it to receive life ins payo

Call the agent or insurance company, fill out the claim form, submit a death certificate. Pretty simple.
by BruDude
Fri Jan 23, 2015 3:09 am
 
Forum: Personal Finance (Not Investing)
Topic: Terrible ? but...How hard is it to receive life ins payout?
Replies: 15
Views: 1805

Re: What price are you planning to pay for your next car?

Something like a C7 Corvette Z06, a variation of a Hellcat, Audi RS, or Mustang GT350R. Would expect to stay in the $30-50k range used. Currently have an E92 M3 which is an amazing car and will probably keep it for a while, or at least until the extended warranty is up. I like power.
by BruDude
Tue Jan 20, 2015 4:00 am
 
Forum: Personal Finance (Not Investing)
Topic: What price are you planning to pay for your next car?
Replies: 91
Views: 6985

Re: Recommend good LTC insurance provider

Use an independent broker that offers at least 3-4 of the major companies. There are a ton of factors that determine which company is going to work best for them.
by BruDude
Thu Jan 15, 2015 11:03 pm
 
Forum: Personal Finance (Not Investing)
Topic: Recommend good LTC insurance provider
Replies: 1
Views: 261

Re: Disability Insurance

I am talking with Guardian now for a new or additional policy. What's the highest benefits amount will I get if I truly am completely disable? I thought it was $15K per month. Is there a formula to calculate the $10K, $15K or $17K? $17k/month is the max with Guardian for a physician. There's no spe...
by BruDude
Thu Jan 15, 2015 3:00 pm
 
Forum: Personal Finance (Not Investing)
Topic: Disability Insurance
Replies: 23
Views: 1339

Re: Disability Insurance

Thanks for the responses. Yeah, I now realize my policy is garbage. My agent (former CFP guy) dropped the ball on this policy. I specifically told him that I wanted a policy that will pay ($15K per month) if I can't perform the one surgical procedure that I specialize in. I guess I can get a differ...
by BruDude
Wed Jan 14, 2015 2:45 pm
 
Forum: Personal Finance (Not Investing)
Topic: Disability Insurance
Replies: 23
Views: 1339

Re: Disability Insurance

My neighbor got sick and might have to stop working, he's only 43. So naturally, I reviewed my own policy and actually don't understand it. My individual DI policy says: Total Disability means solely due to Injury or Sickness: 1. During the first 12 months of Your Occupation Period: You are unable ...
by BruDude
Wed Jan 14, 2015 1:26 am
 
Forum: Personal Finance (Not Investing)
Topic: Disability Insurance
Replies: 23
Views: 1339

Re: Term life insurance decision

Since you are looking for protection for a 10 year period, would a decreasing ten year policy be less expensive? You don't need the full 400k for all 10 years. ie. after 5 years, you only need 200k. These don't really exist anymore and IMO are a bad deal because you're paying the same amount of mon...
by BruDude
Tue Jan 06, 2015 1:32 pm
 
Forum: Personal Finance (Not Investing)
Topic: Term life insurance decision
Replies: 8
Views: 825

Re: Yet another study on why not to buy long term care insur

We took out a policy with Genworth 3 years ago.It has an inflation rider and is identical to my brothers policy.It cost us 300 a month and I can write it off through my business.Right now we are 62 and 64 and hope we never use it.My brother is 69 with Parkinsons and has in home 24 hr care.It has be...
by BruDude
Mon Jan 05, 2015 12:23 pm
 
Forum: Personal Finance (Not Investing)
Topic: Yet another study on why not to buy long term care insurance
Replies: 61
Views: 4483

Re: Yet another study on why not to buy long term care insur

We took out a policy with Genworth 3 years ago.It has an inflation rider and is identical to my brothers policy.It cost us 300 a month and I can write it off through my business.Right now we are 62 and 64 and hope we never use it.My brother is 69 with Parkinsons and has in home 24 hr care.It has be...
by BruDude
Sun Jan 04, 2015 11:02 pm
 
Forum: Personal Finance (Not Investing)
Topic: Yet another study on why not to buy long term care insurance
Replies: 61
Views: 4483

Re: Yet another study on why not to buy long term care insur

From the linked articles, it appears long-term care insurance does not cover you for very long stays, just a fixed amount for a limited number of years. If so, if you need ten years of care, the LTCI policy won't cover it. Sure it can. You're buying a pool of money, not a set number of years. For e...
by BruDude
Sun Jan 04, 2015 5:20 pm
 
Forum: Personal Finance (Not Investing)
Topic: Yet another study on why not to buy long term care insurance
Replies: 61
Views: 4483

Re: Yet another study on why not to buy long term care insur

My maternal grandmother and my father both developed dementia in their last 5 years alive. I have LTCI. ^^^These studies should interview a subset of people that fall into this category and see how the numbers change on what they "should" do and what that subset of people thinks about tha...
by BruDude
Sun Jan 04, 2015 4:22 pm
 
Forum: Personal Finance (Not Investing)
Topic: Yet another study on why not to buy long term care insurance
Replies: 61
Views: 4483

Re: Christmas day ACA health insurance stress

About half my clients never received any bill, ID cards, policy, or anything at all really for their 2015 applications. Many that input payment information on the application received bills asking for payment. A couple were terminated for non-payment even though they included payment info on the app...
by BruDude
Fri Jan 02, 2015 6:29 pm
 
Forum: Personal Finance (Not Investing)
Topic: Christmas day ACA health insurance stress
Replies: 30
Views: 3212

Re: Boglehead Beer

Found 4 bottles of Firestone Walker 18th anniversary at local store the other day by random chance. Drank one over New Year's, just an incredible beer. Can't wait to see how the others taste over the next few years.
by BruDude
Fri Jan 02, 2015 2:25 pm
 
Forum: Personal Consumer Issues
Topic: Boglehead Beer
Replies: 475
Views: 67723

Re: HR Block software deal on Amazon

Thanks! Just bought premium.
by BruDude
Fri Jan 02, 2015 2:23 pm
 
Forum: Personal Finance (Not Investing)
Topic: H&R Block Tax Software - Low Prices at Amazon
Replies: 38
Views: 2340

Re: Life Insurance and former smoker?

12 months is the minimum to be considered a non-smoker
by BruDude
Sun Dec 28, 2014 2:01 pm
 
Forum: Personal Finance (Not Investing)
Topic: Life Insurance and former smoker?
Replies: 3
Views: 581

Re: ACA insurance Q... for 26 yo child coming off my insuran

for a young, healthy adult like her, is it generally better to get a low premium, high deductible plan (i think?) or a high premium, low deductible plan There isn't really a right answer - it depends on her risk tolerance, how much medical care she thinks she will likely use in the next year, and h...
by BruDude
Wed Dec 17, 2014 2:43 pm
 
Forum: Personal Finance (Not Investing)
Topic: ACA insurance Q... for 26 yo child coming off my insurance
Replies: 8
Views: 1325

Re: Medical Necessity and the Insurance Appeals Process

Usually the insurance company will approve an appeal if they receive a written letter from the physician stating that the recommended treatment is medically necessary. Not true at all. "Medical necessity" is an insurance term, not a medical term. The insurance decides what is "medica...
by BruDude
Tue Dec 16, 2014 2:32 am
 
Forum: Personal Finance (Not Investing)
Topic: Medical Necessity and the Insurance Appeals Process
Replies: 15
Views: 1164

Re: Medical Necessity and the Insurance Appeals Process

Usually the insurance company will approve an appeal if they receive a written letter from the physician stating that the recommended treatment is medically necessary.
by BruDude
Sun Dec 14, 2014 6:39 pm
 
Forum: Personal Finance (Not Investing)
Topic: Medical Necessity and the Insurance Appeals Process
Replies: 15
Views: 1164

Re: Advice Long term disability insurance and mental health

Do you depend on your income to support yourself? If so, then yes, you need DI. You will need to get a specific diagnosis and recommendation for treatment before any insurance company will consider offering coverage. They will probably want to see at least 6 months of treatment and follow-up if the...
by BruDude
Sat Dec 13, 2014 8:02 pm
 
Forum: Personal Finance (Not Investing)
Topic: Advice Long term disability insurance and mental health
Replies: 8
Views: 845

Re: Advice Long term disability insurance and mental health

Do you depend on your income to support yourself? If so, then yes, you need DI. You will need to get a specific diagnosis and recommendation for treatment before any insurance company will consider offering coverage. They will probably want to see at least 6 months of treatment and follow-up if ther...
by BruDude
Thu Dec 11, 2014 11:50 pm
 
Forum: Personal Finance (Not Investing)
Topic: Advice Long term disability insurance and mental health
Replies: 8
Views: 845

Re: Affordable Care Act income levels for subsidy?

Play around with www.healthsherpa.com - makes it pretty easy to see what the subsidy would be in your zip code based on your income and family size.
by BruDude
Wed Dec 10, 2014 3:14 pm
 
Forum: Personal Finance (Not Investing)
Topic: Affordable Care Act income levels for subsidy?
Replies: 6
Views: 646

Re: Which HSA eligible Health Ins plan to select

The income cutoff for a family of 4 is $95,400, so if your income is only slightly over that, maybe you can take another deduction or make a retirement contribution to get it under the limit. Out of those two policies, I would do the Silver $7300 plan for an extra $100/month. Really just depends on ...
by BruDude
Wed Dec 10, 2014 2:56 pm
 
Forum: Personal Finance (Not Investing)
Topic: Which HSA eligible Health Ins plan to select
Replies: 1
Views: 199

Re: HDHP: In-network vs self-pay

$250 is an incredibly high price for an insurance negotiated price of an office visit. Are you sure that's the negotiated price or the "regular" price? Keep in mind that if you don't use a network doctor, the amount paid will not get credited towards your deductible either.
by BruDude
Tue Dec 09, 2014 2:58 am
 
Forum: Personal Finance (Not Investing)
Topic: HDHP: In-network vs self-pay
Replies: 6
Views: 517

Re: Use a Health Care Insurance (ACA) Broker Advise?

Cost is same with or without a broker. So, if you have one you like you might use him/her. X2 A good independent agent should be able to help you figure out the best plans for your needs. Try getting a recommendation from a friend if you can't find someone you want to work with online. If you're bo...
by BruDude
Mon Dec 08, 2014 12:06 am
 
Forum: Personal Finance (Not Investing)
Topic: Use a Health Care Insurance (ACA) Broker Advise?
Replies: 4
Views: 392

Re: Term Life - Principal Financial good company?

Yes, they are a good company. Competitive pricing and underwriting.
by BruDude
Sun Dec 07, 2014 6:11 pm
 
Forum: Personal Finance (Not Investing)
Topic: Term Life - Principal Financial good company?
Replies: 6
Views: 434

Re: Term life questions

Almost every company listed on Term4sale has an A or A+ financial rating from AM Best. No reason to choose a company with less than an A rating unless there are special circumstances (usually relating to underwriting/health history).
by BruDude
Sun Nov 30, 2014 9:38 pm
 
Forum: Personal Finance (Not Investing)
Topic: Term life questions
Replies: 24
Views: 2207

Re: Term life questions

I'm 39, wife 38. I would use CA St. disability insurance, and my wife would use DI through Calpers, as she is employed for the State. I wouldn't rely on the CA state DI, it only provides benefits for a maximum of one year. http://www.edd.ca.gov/Disability/FAQ_DI_Benefits.htm The benefits of an indi...
by BruDude
Sun Nov 30, 2014 6:34 pm
 
Forum: Personal Finance (Not Investing)
Topic: Term life questions
Replies: 24
Views: 2207

Re: HMO out of network question

I would suggest contacting an independent agent in your area, or that knows the plans in your area. Every insurance company is different.
by BruDude
Wed Nov 26, 2014 11:41 am
 
Forum: Personal Finance (Not Investing)
Topic: HMO out of network question
Replies: 17
Views: 1148

Re: Wisdom: When to drop disability insurance?

How's your health? How much is the monthly benefit? Are you sure the benefit is only to age 65? If a disability occurs after age 60, most policies will pay a benefit for 2-5 years.
by BruDude
Tue Nov 25, 2014 12:59 am
 
Forum: Personal Finance (Not Investing)
Topic: Wisdom: When to drop disability insurance?
Replies: 11
Views: 1247

Re: My Health care monthly premiums doubled after ACA

We just got the letter about our new premium for 2015 if we stay on our current plan (Kaiser Permanente, in Colorado). Apparently it's going down by 7%. Very interesting, Mike! We are with Kaiser in CO too, and our premium went up 15%. We did get a letter from the CO Exchange that, on average, prem...
by BruDude
Mon Nov 24, 2014 5:41 pm
 
Forum: Personal Finance (Not Investing)
Topic: My Health care monthly premiums doubled after ACA
Replies: 46
Views: 5555

Re: Appropriate amount of term life insurance

Wife should get $1.5 million term life insurance (10x annual income + $300000 to cover for outstanding mortgage) Husband should get $500,000 term life insurance (his value as a stay at home parent valued at $50,000 annually) Child has no need for life insurance; he does not produce any income This ...
by BruDude
Mon Nov 24, 2014 11:06 am
 
Forum: Personal Finance (Not Investing)
Topic: Appropriate amount of term life insurance
Replies: 10
Views: 1157

Re: My Health care monthly premiums doubled after ACA

As an agent, I am seeing most of my clients with increases of 50%+, some more than 100%. Here' a list of some of my clients (names deleted) with January 2015 renewals where they changed from a pre-ACA plan to an ACA-compliant policy, straight from BCBS. For the record, the old policies had better be...
by BruDude
Sun Nov 23, 2014 3:36 pm
 
Forum: Personal Finance (Not Investing)
Topic: My Health care monthly premiums doubled after ACA
Replies: 46
Views: 5555

Re: 20 Year Term Life Policies

I wish to remind you that many people are happy with life insurance that they purchased until they die. It is the heir that needs to worry about which company you chose. Check into which companies are most likely to promptly pay, and which have loopholes or high denial rates. For example: From what...
by BruDude
Wed Nov 19, 2014 1:36 pm
 
Forum: Personal Finance (Not Investing)
Topic: 20 Year Term Life Policies
Replies: 14
Views: 1957

Re: 20 Year Term Life Policies

From a Banner Life policy: "Statements may be used to contest the validity of this Policy or in defense of a claim only if they are contained in the application or in an endorsement or amendment, and a copy of that application, endorsement, or amendment is atached to, or considered to be attach...
by BruDude
Tue Nov 18, 2014 9:46 pm
 
Forum: Personal Finance (Not Investing)
Topic: 20 Year Term Life Policies
Replies: 14
Views: 1957

Re: ACA & HSA question

I am leaning toward a cost sharing 94% Silver plan that I qualify for after deductions. My question is can I use HSA funds to pay co pays and deductibles? I was thinking major ones like $400 ER visits etc, not $20 office visits.. This will be the first year in 15 or so that I didn't have a high ded...
by BruDude
Tue Nov 18, 2014 9:39 pm
 
Forum: Personal Finance (Not Investing)
Topic: ACA & HSA question
Replies: 4
Views: 457

Re: 20 Year Term Life Policies

A life insurance policy is a contract with very simple terms. If you die, they pay the death benefit, if you live, they don't. I would like to see evidence of any company ever denying a legitimate death claim that was outside of the two-year contestability period. Some companies argue more over wha...
by BruDude
Tue Nov 18, 2014 6:19 pm
 
Forum: Personal Finance (Not Investing)
Topic: 20 Year Term Life Policies
Replies: 14
Views: 1957

Re: 20 Year Term Life Policies

I wish to remind you that many people are happy with life insurance that they purchased until they die. It is the heir that needs to worry about which company you chose. Check into which companies are most likely to promptly pay, and which have loopholes or high denial rates. For example: From what...
by BruDude
Tue Nov 18, 2014 3:05 pm
 
Forum: Personal Finance (Not Investing)
Topic: 20 Year Term Life Policies
Replies: 14
Views: 1957

Re: First post - Advice on Obamacare HSA

You can choose any HSA admin. I'm on my phone right now but there's at least one that offers Vanguard funds. I'll look it up when I get home.
by BruDude
Sun Nov 16, 2014 12:55 am
 
Forum: Personal Finance (Not Investing)
Topic: First post - Advice on Obamacare HSA
Replies: 7
Views: 761

Re: "Downgrading" to a Porsche

Boxsters before IIRC 2008 (and 911s, but not 911 Turbos or GT2/3s) suffer from IMS failure. It can grenade the engine. There is a fix, but its gonna cost a lot when compared with the value of the car. Besides that the car should be pretty cheap to maintain. The E46 M3 has issues as well (rear subfr...
by BruDude
Sat Nov 15, 2014 3:09 am
 
Forum: Personal Finance (Not Investing)
Topic: "Downgrading" to a Porsche
Replies: 39
Views: 6645

Re: "Downgrading" to a Porsche

Get an E46 M3 with manual trans. Much more fun than an old boxster IMO, looks nicer (old boxsters look outdated if you ask me), and holds it's value very well. Maintenance isn't cheap but shouldn't be too bad of you aren't driving much. The 335 is a great car though so I would probably just keep tha...
by BruDude
Sat Nov 15, 2014 12:49 am
 
Forum: Personal Finance (Not Investing)
Topic: "Downgrading" to a Porsche
Replies: 39
Views: 6645
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