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Re: Assistance with Medicare costs for lowish income seniors

My wife and I are own some expensive medications and are choosing to go on medicare part 1,b,c, and d. Spent lots of time comparing costs for part d and decided on the overall plann and going to buy a 90 day supply, costs drop dramatically. We looked at medicare advantage and didn't like the narrow ...
by bluemarlin08
Wed Oct 01, 2014 8:16 am
 
Forum: Personal Finance (Not Investing)
Topic: Assistance with Medicare costs for lowish income seniors
Replies: 11
Views: 770

Re: See both financial advisor and elder law lawyer for Mom?

I can't imagine any sane person that would choose to go on Medicaid. Check with her current doctors and see which ones will accept Medicaid. I've seen it first hand and her options are limited, just read an article yesterday that showed how Medicaid patients were having to wait months for appointmen...
by bluemarlin08
Mon Sep 29, 2014 12:55 pm
 
Forum: Personal Finance (Not Investing)
Topic: See both financial advisor and elder law lawyer for Mom?
Replies: 44
Views: 1967

Re: See both financial advisor and elder law lawyer for Mom?

Why does she want to voluntarily choose to go on Medicaid? Her choices for doctors under Medicaid are very limited and often with doctors that are undesirable.
by bluemarlin08
Mon Sep 29, 2014 9:42 am
 
Forum: Personal Finance (Not Investing)
Topic: See both financial advisor and elder law lawyer for Mom?
Replies: 44
Views: 1967

Re: Help with Disability Insurance

Are you usin independent disability specialist to help you? If not you should, also you don't have any quote from Guardian, one of the top disability carriers in the world. Your agent should explain the advantages and disadvantages of each policy.
by bluemarlin08
Sun Sep 28, 2014 5:40 pm
 
Forum: Personal Finance (Not Investing)
Topic: Help with Disability Insurance
Replies: 6
Views: 508

Re: You may want to rethink the odds of ever needing LTCi

One of the big players in LTCi is putting more emphasis on their life/LTVI policies. It's very hard to predict lapse rates because there just are few policyholders just aren't lapsing. Couple that with low yields on reserves and rates have no where to go but up. I only sell LTC to people that contac...
by bluemarlin08
Fri Sep 26, 2014 6:34 pm
 
Forum: Personal Finance (Not Investing)
Topic: You may want to rethink the odds of ever needing LTCi
Replies: 89
Views: 8727

Re: Fed: Do I need long term disability insurance?

I would consider buying a private disability policy with a lifetime own occupation definition. There are many reasons for this that have been discusssed many times on this forum. Find an independent disability agent to explain your options.
by bluemarlin08
Thu Sep 25, 2014 4:25 pm
 
Forum: Personal Finance (Not Investing)
Topic: Fed: Do I need long term disability insurance?
Replies: 9
Views: 508

Re: Adj Complife (whole life ins) advice

Don't make another mistake by buying term from NWM unless you are a smoker and they do have the best rates for most ages. Otherwise, find an independent agent that can get you the rates based on your circumstances.
by bluemarlin08
Tue Sep 23, 2014 3:35 pm
 
Forum: Personal Finance (Not Investing)
Topic: Adj Complife (whole life ins) advice
Replies: 10
Views: 530

Re: Adj Complife (whole life ins) advice

I believe this policy is a blend of term and whole life. The objective is to use the dividends to buy paid up additions and to reduce the term coverage. The problems are when dividends don't perform as projected. I would ask for an additional illustration lowering the dividend crediting rate by 100 ...
by bluemarlin08
Wed Sep 17, 2014 5:26 pm
 
Forum: Personal Finance (Not Investing)
Topic: Adj Complife (whole life ins) advice
Replies: 10
Views: 530

Re: Dave Ramsey: The Legacy Journey

One thing you can bet on, his sponsors paid Dave handsomely to sponsor the event.
by bluemarlin08
Tue Sep 16, 2014 11:49 am
 
Forum: Personal Finance (Not Investing)
Topic: Dave Ramsey: The Legacy Journey
Replies: 41
Views: 5319

Re: Pay more for term you can convert? Prudential vs. Banner

The only reason to ever convert is if you had an adverse health condition. In reality, fe healthy people keep their 30 year policy for 30 years. Who kows if Pru will even be offering conversions to policies currently available.
by bluemarlin08
Fri Aug 29, 2014 12:26 pm
 
Forum: Personal Finance (Not Investing)
Topic: Pay more for term you can convert? Prudential vs. Banner
Replies: 4
Views: 511

Re: My husband's " WILL", $ left for me to live on....

Who owns and is beneficiary of policy? How much are the premiums? Is it term?
by bluemarlin08
Thu Aug 28, 2014 5:44 pm
 
Forum: Personal Finance (Not Investing)
Topic: My husband's " WILL", $ left for me to live on....
Replies: 258
Views: 17409

Re: How to find a lawyer for estate planning?

Send a PM to bsteiner on this site, I am confidant he could refer a competent lawyer
by bluemarlin08
Wed Aug 27, 2014 4:59 pm
 
Forum: Personal Finance (Not Investing)
Topic: How to find a lawyer for estate planning?
Replies: 16
Views: 782

Re: Life insurance with Long term care rider

It is a freebie, the company priced as such.
by bluemarlin08
Wed Aug 27, 2014 2:22 pm
 
Forum: Personal Finance (Not Investing)
Topic: Life insurance with Long term care rider
Replies: 34
Views: 2068

Re: Term to Perm Insurance

It really depends on the policy you can convert to and if your health is good, are their more competitive products available
by bluemarlin08
Wed Aug 27, 2014 10:39 am
 
Forum: Personal Finance (Not Investing)
Topic: Term to Perm Insurance
Replies: 4
Views: 237

Re: Life insurance with Long term care rider

Personal experience shows you have a good chance of living past 85. If you are comfortable with your plan it's all good.
by bluemarlin08
Tue Aug 26, 2014 7:22 pm
 
Forum: Personal Finance (Not Investing)
Topic: Life insurance with Long term care rider
Replies: 34
Views: 2068

Re: Life insurance with Long term care rider

So with the term policy that expires in 20 years, what is the long term care plans.
by bluemarlin08
Tue Aug 26, 2014 6:42 pm
 
Forum: Personal Finance (Not Investing)
Topic: Life insurance with Long term care rider
Replies: 34
Views: 2068

Re: Life insurance with Long term care rider

If you have term, how long is the premium guaranteed?
by bluemarlin08
Tue Aug 26, 2014 12:40 pm
 
Forum: Personal Finance (Not Investing)
Topic: Life insurance with Long term care rider
Replies: 34
Views: 2068

Re: Life insurance with Long term care rider

I am not selling these policies yet, but the more I review I sorta like them. However, to make them harder to understand they tie crediting rates to index returns, similar to Equity Index Annuities. These policies have the ability to use better performing illustrations than a typical Universal Life ...
by bluemarlin08
Fri Aug 22, 2014 6:02 pm
 
Forum: Personal Finance (Not Investing)
Topic: Life insurance with Long term care rider
Replies: 34
Views: 2068

Re: Do the mega wealthy need life insurance?

Regarding a transfer of a policy into a trust, no income tax issues, there is potential gift tax issues regarding the value of the policy and how many beneficiaries of the trust
by bluemarlin08
Thu Aug 21, 2014 8:14 am
 
Forum: Personal Finance (Not Investing)
Topic: Do the mega wealthy need life insurance?
Replies: 32
Views: 2579

Re: Do the mega wealthy need life insurance?

In this case it was for business disposition planning.
by bluemarlin08
Thu Aug 21, 2014 8:11 am
 
Forum: Personal Finance (Not Investing)
Topic: Do the mega wealthy need life insurance?
Replies: 32
Views: 2579

Re: What can happen to a union pension?

IMO, the risks are greater with Defined Benefit plans and the chance of them becoming underfunded. Fewer and fewer firms are choosing DB plans.
by bluemarlin08
Wed Aug 20, 2014 5:34 pm
 
Forum: Personal Finance (Not Investing)
Topic: What can happen to a union pension?
Replies: 10
Views: 1126

Re: Do the mega wealthy need life insurance?

Using Life Insurance for part of your bond holdings can look attractive with whole life policies currently because the portfolio return is a combination of bonds bought over the past 30 years. Many of these bonds had much higher yields so the current returns reflect those higher returns. The problem...
by bluemarlin08
Wed Aug 20, 2014 1:20 pm
 
Forum: Personal Finance (Not Investing)
Topic: Do the mega wealthy need life insurance?
Replies: 32
Views: 2579

Re: Do the mega wealthy need life insurance?

The rates are guaranteed to age 105.
by bluemarlin08
Wed Aug 20, 2014 11:53 am
 
Forum: Personal Finance (Not Investing)
Topic: Do the mega wealthy need life insurance?
Replies: 32
Views: 2579

Re: Do the mega wealthy need life insurance?

For a standard risk, not standard plus or preferred or preferred plus, rates would be closer to 4 million per year per year on a NLUL policy. I just wrote a 4 million policy on a 70 year old and he made preferred plus rating.
by bluemarlin08
Wed Aug 20, 2014 11:27 am
 
Forum: Personal Finance (Not Investing)
Topic: Do the mega wealthy need life insurance?
Replies: 32
Views: 2579

Re: Do the mega wealthy need life insurance?

100,000,000 of permanent insurance for someone 70 and in pretty good health would be around 3 million per year, maybe less if you are insuring husband and wife with a second to die policy.
by bluemarlin08
Wed Aug 20, 2014 10:54 am
 
Forum: Personal Finance (Not Investing)
Topic: Do the mega wealthy need life insurance?
Replies: 32
Views: 2579

Re: Do the mega wealthy need life insurance?

Many very wealthy folks have their wealth tied to large ownership in a business or real estate. At death taxes are due in nine months and it might not be a good time to sell these assets. From what I have seen this is why life insurance is purchased is to avoid on a fire sale on these assets.
by bluemarlin08
Wed Aug 20, 2014 7:54 am
 
Forum: Personal Finance (Not Investing)
Topic: Do the mega wealthy need life insurance?
Replies: 32
Views: 2579

Re: gifting money, and smoking

Pneumonia should be the lesson they learn to quit. Pneumonia nearly killed me last year abd the doctors told me if I was a smoker I probably wouldn't have made it. My wife smoked for 30 years and decided to quit when my daughter went to Girl Scout camp. When she returned we had remodeled her room an...
by bluemarlin08
Tue Aug 19, 2014 12:25 pm
 
Forum: Personal Finance (Not Investing)
Topic: gifting money, and smoking
Replies: 30
Views: 2431

Re: Cost of Medical Records

My experience has been you get the first copy for free. I did have to pay almost 300 for MIL records for a lawsuit.
by bluemarlin08
Sun Aug 17, 2014 1:21 pm
 
Forum: Personal Finance (Not Investing)
Topic: Cost of Medical Records
Replies: 16
Views: 1082

Re: Are hospitals allowed to do this? [Costs quoted vs. actu

In the past I like and have negotiated with a hospital regarding a certain procedure like a MRI. Had one offer me the Medicare rate that was lower than the insurance rate. I saved several hundred dollars. The hospital was wrong to have done this but most will. If you do this pay before the procedure.
by bluemarlin08
Sat Aug 16, 2014 7:49 pm
 
Forum: Personal Consumer Issues
Topic: Are hospitals allowed to do this? [Costs quoted vs. actual]
Replies: 98
Views: 6759

Re: Deferred Income Annuity

Scepticalobserver makes an excellent point. So many folks believe those advertized "guaranteed"rates are credited rates to their account values,
by bluemarlin08
Fri Aug 15, 2014 7:53 am
 
Forum: Personal Finance (Not Investing)
Topic: Deferred Income Annuity
Replies: 9
Views: 873

Re: Purchasing long term care insurance for relative

I wouldn't recommend counting on Mr. Rich Guy, good chance he won't even be around. Pay the the premium.
by bluemarlin08
Tue Aug 12, 2014 6:57 pm
 
Forum: Personal Finance (Not Investing)
Topic: Purchasing long term care insurance for relative
Replies: 15
Views: 963

Re: Too Good to be True? Universal Life

Request an illustration showing a deposit of 100,000 and what the future guaranteed benefits would be.
by bluemarlin08
Tue Aug 12, 2014 6:55 pm
 
Forum: Personal Finance (Not Investing)
Topic: Too Good to be True? Universal Life
Replies: 11
Views: 1128

Re: How important is my insurance agent?

I was with State Farm for years until I decided to shop around, I saved quite a bit for the same coverage. I now reshop coverage every couple of years or when I get a rate increase.
by bluemarlin08
Mon Aug 11, 2014 4:47 pm
 
Forum: Personal Finance (Not Investing)
Topic: How important is my insurance agent?
Replies: 37
Views: 2125

Re: Physician Long term Disability- Premium pre or post tax

I've seen situations where the corporation would make a decision at year end whether to reimburse premiums paid personally after tax. I no claim they would reimburse
by bluemarlin08
Sun Aug 10, 2014 6:42 pm
 
Forum: Personal Finance (Not Investing)
Topic: Physician Long term Disability- Premium pre or post tax
Replies: 21
Views: 1222

Re: Your Favorite charity organization...? please

Mercy Angels Ministry is one we highly support as well as certain missionaries we know personally in Africa and Jamaica.
by bluemarlin08
Fri Aug 08, 2014 7:38 pm
 
Forum: Personal Consumer Issues
Topic: Your Favorite charity organization...? please
Replies: 91
Views: 4299

Re: Term Life Insurance

The rates go up in a non linear fashion the older one gets.
by bluemarlin08
Wed Aug 06, 2014 4:02 pm
 
Forum: Personal Finance (Not Investing)
Topic: Term Life Insurance
Replies: 12
Views: 1012

Re: Term Life Insurance

A good agent is indispensable in situations like this.
by bluemarlin08
Mon Aug 04, 2014 9:00 pm
 
Forum: Personal Finance (Not Investing)
Topic: Term Life Insurance
Replies: 12
Views: 1012

Re: How to admit/should I admit alcohol problem to employer

I learned that I never had a drink before 5 and never had one after I ate dinner. So now, I eat earlier problem solved. Use to wait till after 10 to eat at times.
by bluemarlin08
Mon Aug 04, 2014 5:30 pm
 
Forum: Personal Finance (Not Investing)
Topic: How to admit/should I admit alcohol problem to employer
Replies: 111
Views: 13637

Re: Term Life Insurance

It really depends on what tests are involved and the results. The agent really shouldn't know what the results might be. Ask the company for the lab results immediately. If your agent is an independent agent he can guide you to other companies that view the results differently. Or, take the results ...
by bluemarlin08
Mon Aug 04, 2014 1:42 pm
 
Forum: Personal Finance (Not Investing)
Topic: Term Life Insurance
Replies: 12
Views: 1012

Re: Should I become a CFP?

I was a financial planner for 10 years in the 80's. I didn't like the idea of only offering what my firm offered. I learned the business but eventually dropped the investments and concentrated on managing risk with insurance products.
by bluemarlin08
Fri Aug 01, 2014 4:38 pm
 
Forum: Personal Finance (Not Investing)
Topic: Should I become a CFP?
Replies: 27
Views: 3624

Re: What Book Are You Currently Reading? Part V

Calico Joe John Grisham
by bluemarlin08
Thu Jul 31, 2014 6:07 pm
 
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part V
Replies: 3372
Views: 1169837

Re: Parents bought whole life — what next?

Noticed that the insurer is Lincoln Benefit. They were recently sold by Allstate to Resolution Life and will not issuing new business. Resolution Life is under no obligation to do better than the guaranteed obligations in the contract. If the policy doesn't have a no lapse rider premiums could incre...
by bluemarlin08
Thu Jul 31, 2014 6:00 pm
 
Forum: Personal Finance (Not Investing)
Topic: Parents bought universal life — what next?
Replies: 11
Views: 1641

Re: Parents bought whole life — what next?

Heart attack doesn't preclude getting a fairly priced term, but I would look to see if you could reduce the death benefit to 25,000 or so. Find an independent agent that can help you.
by bluemarlin08
Thu Jul 31, 2014 1:50 pm
 
Forum: Personal Finance (Not Investing)
Topic: Parents bought universal life — what next?
Replies: 11
Views: 1641

Re: Difference between leasing a car and renting a home

I use to lease in the 80's and remember there were two kinds of leases, open and closed. Closed were mileage limits and you turned the car in after the lease period. Open didn't have mileage limits and you were responsible for the "pay off' value when you turned them in. I always drove sports c...
by bluemarlin08
Tue Jul 29, 2014 8:59 am
 
Forum: Personal Finance (Not Investing)
Topic: Difference between leasing a car and renting a home
Replies: 7
Views: 1018

Re: A question on long term care insurance

Many clients on claim and never a complaint.
by bluemarlin08
Sat Jul 26, 2014 1:36 pm
 
Forum: Personal Finance (Not Investing)
Topic: A question on long term care insurance
Replies: 18
Views: 996

Re: Best Coffee Maker? What do you have?

Melitta people


Works the best for me, second is frenchpress
by bluemarlin08
Sat Jul 26, 2014 1:05 pm
 
Forum: Personal Consumer Issues
Topic: Best Coffee Maker? What do you have?
Replies: 75
Views: 6140

Re: A question on long term care insurance

Are you a Genworth customer? If so, do you feel that they paid you adequately?



I am an agent that represents Genworth.
by bluemarlin08
Sat Jul 26, 2014 12:23 pm
 
Forum: Personal Finance (Not Investing)
Topic: A question on long term care insurance
Replies: 18
Views: 996

Re: A question on long term care insurance

I would like to know how much Genworth *really* pays for, say, an extended stay in a nursing home


They will pay up to the benefit guaranteed by the policy.
by bluemarlin08
Sat Jul 26, 2014 11:53 am
 
Forum: Personal Finance (Not Investing)
Topic: A question on long term care insurance
Replies: 18
Views: 996
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