Search found 2022 matches

by BruDude
Wed Jul 01, 2015 4:26 pm
Forum: Personal Finance (Not Investing)
Topic: Health insurance "birthday rule"
Replies: 27
Views: 2827

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: 206

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: 3686

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: 3686

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: 3068

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: 3068

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: 3068

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: 132
Views: 8595

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: 3718

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: 2416

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: 761

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: 1040

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: 495

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: 495

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: 495

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: 15
Views: 1939

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: 596

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: 596

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: 1142

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: 53
Views: 4174

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: 3388

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...
by BruDude
Mon Jun 08, 2015 10:47 am
Forum: Personal Finance (Not Investing)
Topic: Healthcare cost - Office Visit - negotiated insurance rate higher than cash rate?
Replies: 53
Views: 4174

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 10:46 am
Forum: Personal Consumer Issues
Topic: Las Vegas visit ( first time)
Replies: 38
Views: 3686

Re: Las Vegas visit ( first time)

Absinthe is the best show in vegas right now, imo. Definitely read some reviews about it to make sure it's your cup of tea but I saw it about 18 months ago and thought it was tremendous. Absinthe definitely the best show in Vegas. The Michael Jackson and Beatles Cirque shows are also great, as is L...
by BruDude
Mon Jun 08, 2015 10:41 am
Forum: Personal Consumer Issues
Topic: Planning Las Vegas vacation with a couple of side trips
Replies: 16
Views: 1400

Re: Planning Las Vegas vacation with a couple of side trips

Valley of Fire and Red Rock Canyon are both easy drives from Vegas and well worth seeing as is Hoover Dam. If you haven't seen the Grand Canyon it's about 6 hours by car each way. About the same as Bryce if I remember correctly. I've been to Vegas quite a few times for conventions and expositions. ...
by BruDude
Mon Jun 08, 2015 10:24 am
Forum: Personal Finance (Not Investing)
Topic: Healthcare cost - Office Visit - negotiated insurance rate higher than cash rate?
Replies: 53
Views: 4174

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

I think the gripe the OP has is there is no discount when paying towards your high deductible. Example an Office Visit bills insurance for $400, when insurance is paying there is a discounted price agreed between the Dr and insurance company and thus the insurance co pays the Dr $280. Cash payers w...
by BruDude
Mon Jun 08, 2015 3:27 am
Forum: Personal Finance (Not Investing)
Topic: Healthcare cost - Office Visit - negotiated insurance rate higher than cash rate?
Replies: 53
Views: 4174

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

Sounds like your beef is with the doctor's office, not the insurance company. The insurance company can only process the claim that is submitted to them by the doctor's office. It does seem strange that there is no negotiated rate available for that specific service if that's what the office has li...
by BruDude
Sun Jun 07, 2015 8:15 pm
Forum: Personal Finance (Not Investing)
Topic: Healthcare cost - Office Visit - negotiated insurance rate higher than cash rate?
Replies: 53
Views: 4174

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

Sounds like your beef is with the doctor's office, not the insurance company. The insurance company can only process the claim that is submitted to them by the doctor's office. It does seem strange that there is no negotiated rate available for that specific service if that's what the office has lis...
by BruDude
Sun Jun 07, 2015 11:37 am
Forum: Personal Finance (Not Investing)
Topic: EM Resident Long Term Disability, lost in the weeds
Replies: 7
Views: 885

Re: EM Resident Long Term Disability, lost in the weeds

Hold on, you're starting your residency? You can't get "own occupation" because you're a resident. You need to have an employer contract with a projected salary and defined specialty. So future increase rider may not be of use because you will likely need a new policy once you have a cont...
by BruDude
Fri Jun 05, 2015 8:12 pm
Forum: Personal Finance (Not Investing)
Topic: EM Resident Long Term Disability, lost in the weeds
Replies: 7
Views: 885

Re: EM Resident Long Term Disability, lost in the weeds

Both are good companies, for $300/year I would buy Guardian over Ameritas, the 3% compound vs. simple interest is huge if you became disabled early in your career and there are several other minor differences where Guardian would be superior. The 10% resident discount stays on the policy forever, sa...
by BruDude
Fri Jun 05, 2015 5:57 pm
Forum: Personal Finance (Not Investing)
Topic: Ob-Gyn requires prepayment of deductible for pregnancy services - is this typical?
Replies: 52
Views: 4356

Re: Ob-Gyn requires prepayment of deductible for pregnancy services - is this typical?

I've seen it before when OBGYN services are charged as a packaged rate for someone without insurance, but not for someone with insurance. I'd look elsewhere if they won't budge, and it may be against their contract terms with the insurance company.
by BruDude
Fri Jun 05, 2015 11:24 am
Forum: Personal Finance (Not Investing)
Topic: Help with Disability Income needs
Replies: 6
Views: 560

Re: Help with Disability Income needs

I am reviewing the amount of disability coverage I need as my income has increased over the last 3 years. My current coverage is outlined below. Employer provided Short term (13 weeks)- $1,600 monthly benefit- 1 week elimination period Employer provided Long term (to age 65)- $5,000 monthly benefit...
by BruDude
Thu Jun 04, 2015 7:07 pm
Forum: Personal Finance (Not Investing)
Topic: Long Term Disability Coverage
Replies: 9
Views: 660

Re: Long Term Disability Coverage

I don't think you can double dip. If you have a policy through work, your individual policy would not pay full coverage. Otherwise there would be a significant moral hazard - you could have more money coming in while you are disabled than you had while you were working. Actually you can "doubl...
by BruDude
Thu Jun 04, 2015 5:12 pm
Forum: Personal Finance (Not Investing)
Topic: Long Term Disability Coverage
Replies: 9
Views: 660

Re: Long Term Disability Coverage

The group policy will not be nearly as comprehensive as an individual policy, it's like comparing apples and oranges. The big question is how much are you willing to spend? A good individual DI policy will cost approximately 2-4% of your income for maximum benefits which is considerably more than ju...
by BruDude
Wed Jun 03, 2015 1:47 pm
Forum: Personal Finance (Not Investing)
Topic: LTD - Metlife Vs. Guardian - Help me!
Replies: 8
Views: 1069

Re: LTD - Metlife Vs. Guardian - Help me!

mephistophles wrote:
Brudude gives excellent advice. There are very good brokers out there who deal with disability insurance. It takes a little work to find them.
ole meph


Thanks for the compliment meph :happy
by BruDude
Wed Jun 03, 2015 1:45 pm
Forum: Personal Finance (Not Investing)
Topic: Whole life insurance policy at age 70
Replies: 9
Views: 762

Re: Whole life insurance policy at age 70

To all who responded to my recent post regarding life insurance. To answer some of your questions, the planner suggested the cash value building in an insurance policy would eventually provide cash and add value to our estate. Due to health issues it is unlikely I would be able to be insured. That ...
by BruDude
Tue Jun 02, 2015 5:20 pm
Forum: Personal Finance (Not Investing)
Topic: Term Life and LTD - Paralysis by Analysis. Please help me complete this task.
Replies: 15
Views: 1939

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

Your group LTD policy probably does not cover what you think it covers. Be sure to read the policy benefits in detail, and I would suggest getting a quote for an individual policy from an agent that can help you compare them. Also start by reading this: http://www.bogleheads.org/wiki/Disability_insu...
by BruDude
Tue Jun 02, 2015 11:15 am
Forum: Personal Finance (Not Investing)
Topic: Whole life insurance policy at age 70
Replies: 9
Views: 762

Re: Whole life insurance policy at age 70

A single-premium whole life policy would be just about the worst way to handle an estate tax problem. What was the reason for the recommendation? The premium on that policy must be $100k...
by BruDude
Mon Jun 01, 2015 1:13 pm
Forum: Personal Finance (Not Investing)
Topic: Disability Insurance - Premiums Increase faster than benefits?
Replies: 14
Views: 1129

Re: Disability Insurance - Premiums Increase faster than benefits?

it seems dishonest to me. I'm older but if the company would have to pay out a benefit, it would be for a shorter period of time because I'm older. These increases were not quoted at the time the policy was written. If I decline the increase, my premium does not go up even though I'm older. Also, I...
by BruDude
Mon Jun 01, 2015 11:28 am
Forum: Personal Finance (Not Investing)
Topic: Disability Insurance - Premiums Increase faster than benefits?
Replies: 14
Views: 1129

Re: Disability Insurance - Premiums Increase faster than benefits?

it seems dishonest to me. I'm older but if the company would have to pay out a benefit, it would be for a shorter period of time because I'm older. These increases were not quoted at the time the policy was written. If I decline the increase, my premium does not go up even though I'm older. Also, I...
by BruDude
Mon Jun 01, 2015 10:39 am
Forum: Personal Finance (Not Investing)
Topic: Physician Own Occ Disability Insurance
Replies: 29
Views: 2416

Re: Physician Own Occ Disability Insurance

Could you run for females and include the multi life discount or similar discount for other providers? This is where I found principal to really pull ahead in pricing. It takes a while to run all the quotes so I can't really do it right now, but yes Principal does have the best pricing for females ...
by BruDude
Mon Jun 01, 2015 10:36 am
Forum: Personal Finance (Not Investing)
Topic: LTD - Metlife Vs. Guardian - Help me!
Replies: 8
Views: 1069

Re: LTD - Metlife Vs. Guardian - Help me!

Both of them are great policies with very similar benefits. MetLife pretty much copied the Guardian contract and changed a few things. The big difference in pricing is the 6S occupation class with Met vs. the 5 occupation class with Guardian and the Lump Sum rider that the agent included on your Gua...
by BruDude
Mon Jun 01, 2015 10:26 am
Forum: Personal Finance (Not Investing)
Topic: Disability Insurance - Premiums Increase faster than benefits?
Replies: 14
Views: 1129

Re: Disability Insurance - Premiums Increase faster than benefits?

The percentage increase in benefit is not directly proportional to the premium increase. You are older now than when you bought the policy and the cost increase is based on your current age. The automatic increase is only for the first 4-6 years of the policy. You have to reject the increases in wri...
by BruDude
Sun May 31, 2015 11:15 pm
Forum: Personal Finance (Not Investing)
Topic: Physician Own Occ Disability Insurance
Replies: 29
Views: 2416

Re: Physician Own Occ Disability Insurance

Impossible to say what would be covered if they go back into primary care as DI claims have so many variables and gray area. You won't find a claims examiner for an insurance company anywhere that would give you an answer to that one until the time of claim when they can examine the supporting docu...
by BruDude
Sun May 31, 2015 9:24 pm
Forum: Personal Finance (Not Investing)
Topic: Physician Own Occ Disability Insurance
Replies: 29
Views: 2416

Re: Physician Own Occ Disability Insurance

If there was a 40% difference in price I would take the cheaper policy. I have nothing against Principal, I've sold plenty of their policies and they're a very good company. I'm only saying that if the prices are similar and I was a specialty physician, I would opt for MetLife's Income Guard, Stand...
by BruDude
Mon May 25, 2015 3:08 am
Forum: Personal Finance (Not Investing)
Topic: Do we need long-term care insurance?
Replies: 23
Views: 3030

Re: Do we need long-term care insurance?

Why are you looking at hybrid LTC instead of a true LTC policy? IMO life insurance is for life insurance and LTCi is for LTC. At your age you should be able to get a pretty good true LTC policy for $300-400/month.
by BruDude
Thu May 21, 2015 6:16 pm
Forum: Personal Finance (Not Investing)
Topic: Whole life or term life?
Replies: 35
Views: 3197

Re: Whole life or term life?

Why is he only considering 10-year term? If his wife is 17 years younger and the child is only 5, it seems at least a 15-20 year term would be more appropriate. He could still get 30-year term with some companies at his age too.
by BruDude
Sun May 17, 2015 7:11 pm
Forum: Personal Finance (Not Investing)
Topic: Healthcare Sharing Ministry A No Brainer?
Replies: 49
Views: 3562

Re: Healthcare Sharing Ministry A No Brainer?

I don't have any experience with healthcare sharing ministries but I took a look at the Liberty Healthshare website and read this on the Legal Notices page at http://www.libertyhealthshare.org/legal-notices : This program is not an insurance company nor is it offered through an insurance company. T...
by BruDude
Sat May 16, 2015 10:56 pm
Forum: Personal Finance (Not Investing)
Topic: Healthcare Sharing Ministry A No Brainer?
Replies: 49
Views: 3562

Re: Healthcare Sharing Ministry A No Brainer?

Avoid. Since they are not a legal insurance company they have no obligation to pay for a large claim and you may have no recourse. I believe you would also still have to pay the penalty for having non compliant coverage too.
by BruDude
Mon May 04, 2015 11:47 pm
Forum: Personal Finance (Not Investing)
Topic: Too much insurance???
Replies: 9
Views: 1050

Re: Too much insurance???

Your disability insurance from work probably does not cover what you think it covers.
by BruDude
Fri May 01, 2015 5:13 pm
Forum: Personal Finance (Not Investing)
Topic: Physician Own Occ Disability Insurance
Replies: 29
Views: 2416

Re: Physician Own Occ Disability Insurance

Interesting results, about what I expected. Assuming a 30 year old male ER doc at regular rates, making the comparison as apples-to-apples as possible: -Age-67 benefit period -90-day elimination period -Guaranteed renewable/non-cancellable -$5k/month Total Disability benefit -$5k/month Catastrophic ...

Go to advanced search