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Find a professional that has dealt with this situation in the past, they should know all the right questions to ask the insurance company, then let them present their findings to you. You might contact Jim Hunt and ask if he can help, $100 would be a cheap price to pay for correct information, I wou...

Total BS from the agent. Send a certified letter to the company cancelling the policy and ask for a refund of unearned premium. PM me if that doesn't work.

Don't forget, you've had the benefit of the funds for all these years and deferred the tax, now the chickens are coming home to roost. Life insurance and loans, IMO, rarely work out good. Your interest costs each year are going to just magnify the problem. The 700 you mentioned that they told you wo...

What is his IRR to date?

You have few options, all bad. If you cash in, your basis in 40,000 and you will pay tax on net cash value plus loans less basis. The policy is about to default unless you pump more cash in. I would probably cash in, but what a tax wallop.

Initially, my router was setup using unsecured. How can I change that?

Once you're purchase a policy, there's nothing to stop an insurance company from raising rates as often as they please.

Not true, companies can only increase rates if states department of insurance approve based on claims experience.

My first question is if the policy is a dividend paying policy. If so, I would request from the company an in force illustration showing based on the current dividend scale, and not paying future premiums, how will the policy perform. I would also ask the company for an illustration with a reduced d...

Long term care insurance may or may not be a good option. You mentioned health issues, a prudent step would be to meet with an agent that specializes in LTCi and make an application to see what rates may be or if they will even issue a policy.

Private schools don't always give the best education. We had one child that went to private school and the other a magnet school and by far the magnet school was the best choice.

I would consider at least a million on each of you. If you are considering using the insurance to replace your income, at a 4% withdrawal rate that is only 40,000 per year. I would bet that the $120 you are spending on the group insurance might more than cover your new policies, with much better gua...

Sounds like a great recipe, will try this week, thanks.

No, my point is that independent insurance agents aren't really independent, so beware. There isn't a lot of difference between them and the ones who only sell for one company. So, what are you suggesting, that independent agents are secretly captive agents that primarily only sell one company's po...

They're the ones who get commissions from more than one company, which somehow makes them less biased. Go figure.

So would you suggest they just buy from an agent that works for only one company? What company would you suggest?

Are you suggesting that if one fails to pay his term insurance bill it could affect one's credit?

One must remember that problem claims will always get the headlines, the overwhelming amount of claims are hassle free. The clients I see that have issues with claims is always due to the claimant not submitting the correct information.

Who is selling a policy with unlimited coverage like that?

Genworth, through AARP.

I have never understood why someone would try to qualify for Medicaid. Wouldn't any sane person try to avoid giving up care options, assisted living and home care, rather than being required to go to an available Medicaid bed at a nursing home?

So they want to give up this money because they don't want to manage the money and to hide it for medicaid purposes? Sounds strange to me if their only other asset is their home. I s this their idea to give up their assets or your mother's idea?

Your agent should have a copy of the exam and the lab ticket number, otherwise, how did he shop it with other companies? Our firm always keeps a copy of the exam for the very purpose of not requiring the client to have another physical. Although, the exams aren't that big of a deal, in my opinion.

I assume you chose the higher pension payout because your assets are enough to provide adequate income for your spouse. What does she think about dropping the coverage, is she comfortable with that decision?

I would suggest reducing your restriction on only A+ companies, as long as they are A- or better. If Prudential had all the information, and wouldn't make an offer, that doesn't bode well, they are usually fairly aggressive in their underwriting. I would run it by Genworth, Banner, ING and Protectiv...

What term companies made offers? Yes, companies will make better underwriting offers on Universal Life and assume they do on VUL. However, I don't like anything that is not guaranteed. Buying a rated term policy might be the best option, companies do change their underwriting at times. You might dis...

Reimbursement rates are typically around 50% for my plan. I can usually negotiate the Medicare rate which is typically 50% of the negotiated insurance rate. Wife recently was referred to a major medical centers "alternative integrated" facility. My wife went alone and didn't negotiate the ...

That is incredible, curious as to what is the premium for a family with a 250 deductible. Is it an individual plan or group. Never see that low a deductible. Good news for you.

How much is your deductible and coinsurance? Somethings seems very wrong if that is all that is due unless it is a very low deductible.

In addition, if the water heater bursts and causes damage and the insurance company asks if it had been leaking and you didn't fix it, your claim could be denied.

You can get a 50gal water heater for about 300. Installation is fairly easy, I am not a handyman put my last 2 in myself. You will pay about the same price for installation.

Your answer was you won't need the coverage, that didn't answer his question. If you answer his question and suggest a product, what would that product be? And by the way, I am being realistic, answer the question of how he should do what he suggested.

While i think blue is a good person, it is common in the insurance industry not to point out the truth which in this case is that you probably shouldnt be creating a plan to need insurance at age 80. What is this truth that you accuse the insurance industry not to point out? The OP asked a question...

As the OP stated "one wishes to be covered until 80 years old " typical 20 and 30 year just don't solve the OP's objective. One can certainly argue whether one will need coverage at this age, but that is not what he is asking.

There are some policies that will cover you to age 80 or longer, these are universal life policies with a rate guarantee and virtually no cash value.

I,too, have a HDHP with HSA and everytime I request the cash rate, which is usually the Medicare price, the price is at least 50% less than the negotiated rate. Now, that being said, the provider is not suppose to allow one with insurance to pay the cash price,by contract, but they ALL do, at least ...

I have some clients that are in exactly the same scenario. Because of such a fine line between the 4% guarantee and the 4.5% current, I wouldn't do anything now but watch with in force illustrations every year.

Ask the lab or radiology company what the cash price is and not run through the insurance company. Although the price won't go against the deductible, I have found the cash savings at least 50% less that the insurance price.

I had a similar problem, ended up regrading part of my yard and redirecting water away from the house. Spent 3000 and problem solved.

That is the exact one I had decided on, thanks for the comment.

Try to find an independent agent that can show you the options.

Looking for recommendations for a docking station, under $150.

Why would you choose a policy that doesn't require a medical exam? Even with medical problems, a medically underwritten policy is often less than a non med policy. Apply for the non med policy, get the offer, then apply for the policy with a medical exam.

Get private disability coverage, employer sponsored group disability is cheap for a reason. Find an independent disability agent that represents all the major carriers, then post what he recommends. I would think twice before purchasing a thirty year policy, if you stay healthy you will replace that...

Everything should be in the Partnership Agreement. I was a limited partner once and the general partner did something similar. It was a mess, make sure you get a lawyer that knows partnerships inside and out.

Try to get her to listen to Ramsey, he is entertaining and to hear stories of others in the same position have turned things around might inspire her. I know listeners that had to listen to him for some time and then the light came on regarding the problems of debt. He is the best medicine for folks...

We drive high mileage cars and have always had great independent mechanics. I have become friends with most of them and refer them business. Haven't used a dealership in 15 years.

Policies are sold only through career Genworth agents. My brother is a 20 year career agent with Genworth, he related this to me today. You can go to their site and submit your contact information that is forwarded to a local agent.

Just for some information I wasn't aware of, Genworth does offer a lifetime benefit through their AARP program but will discontinue this summer.

Yes, that is what Genworth reports. Average age is late 50's.

Rate increases are based on blocks of business relating to the policy that was sold. Companies change their policy after several years creating new blocks of business. Rate increases are based on claims of those blocks of business. Average age of older blocks of business were older than newer blocks...

I use to primarily listen to Pandora, but now prefer I Heart Radio and Spotify.

Fried chicken and waffles are quite the rage in many upscale southern restaurants. We recently dined at a new restaurant and tried the dish and it was wonderful.