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Re: Part B Excess Charge

Why did you rule out plan g?
by bluemarlin08
Fri Oct 24, 2014 9:11 pm
 
Forum: Personal Finance (Not Investing)
Topic: Part B Excess Charge
Replies: 7
Views: 504

Re: Estate planning - big firm or solo practitioner?

I have been referring clients to estate attorneys for 34 years and they can be small medium or large firms. Ask other in similar situations, interview them. Some personalities clique better than others. Ask your CPA, they usually have good instincts.
by bluemarlin08
Fri Oct 24, 2014 9:05 pm
 
Forum: Personal Finance (Not Investing)
Topic: Estate planning - big firm or solo practitioner?
Replies: 17
Views: 1356

Re: Elder Law attorney (Trusts, Medicaid, nursing homes)

I suggest you consider emphatically telling your mom you don't need the money and she should keep all options open on how she uses her assets. Most time it is the kids pushing to have this done. She could afford Long Term Care Insurance.
by bluemarlin08
Fri Oct 24, 2014 8:47 pm
 
Forum: Personal Finance (Not Investing)
Topic: Elder Law attorney (Trusts, Medicaid, nursing homes)
Replies: 30
Views: 1728

Re: Elder Law attorney (Trusts, Medicaid, nursing homes)

What if the nursing home you decide on does not have a medicaid bed available? Although most nursing home takes medicaid patients if beds availible. Had an aunt that had to got o a home many miles away because it was the only institute available? Is she in agreement that she wants to impoverish hers...
by bluemarlin08
Fri Oct 24, 2014 4:20 pm
 
Forum: Personal Finance (Not Investing)
Topic: Elder Law attorney (Trusts, Medicaid, nursing homes)
Replies: 30
Views: 1728

Re: Older Women and Challenges of Wealth

I think the recommendation to switch some assets to an income stream is an excellent recommendation. Immediate annuities are all competitive priced and very low fees.
by bluemarlin08
Thu Oct 23, 2014 9:15 pm
 
Forum: Personal Finance (Not Investing)
Topic: Older Women and Challenges of Wealth
Replies: 3
Views: 856

Re: Long Term Care Insurance - Should I Keep?

A lot depends on the company underwriting the policy. If it is a Conseco/Penn Treaty or company no longer writing new business I might get out. IMO, a company like John Hancock and Genworth, and the premiums doesn't impact your standard of living, I would hold on, although you will have rate increas...
by bluemarlin08
Thu Oct 23, 2014 5:30 pm
 
Forum: Personal Finance (Not Investing)
Topic: Long Term Care Insurance - Should I Keep?
Replies: 11
Views: 894

Re: Health Insurance - Retiree questions

EHealth does not show all plans. Hard to find, but try to find an independent agent that knows the market.
by bluemarlin08
Sun Oct 12, 2014 10:42 pm
 
Forum: Personal Finance (Not Investing)
Topic: Health Insurance - Retiree questions
Replies: 12
Views: 1536

Re: Aca insurance/medicaid

If you haven't considered the lack of quality doctors that take Medicaid, you should. IF, you find a doctor, the demand from other Medicaid patients are tremendous. Been there and done that and it ain't pretty.
by bluemarlin08
Sun Oct 12, 2014 11:22 am
 
Forum: Personal Finance (Not Investing)
Topic: Aca insurance/medicaid
Replies: 13
Views: 1207

Re: Survivor Benefits When Buying Life Insurance

Do each of you have personal disability insurance?
by bluemarlin08
Sat Oct 11, 2014 10:39 am
 
Forum: Personal Finance (Not Investing)
Topic: Survivor Benefits When Buying Life Insurance
Replies: 7
Views: 257

Re: Drop My $1m Life Insurance?

Unless you have someone that will be impacted negatively financially when you die, I would consider dropping the coverage. I saw your age is 60, I would drop and invest.
by bluemarlin08
Sat Oct 04, 2014 6:40 pm
 
Forum: Personal Finance (Not Investing)
Topic: Drop My $1m Life Insurance?
Replies: 13
Views: 1740

Re: Do we need Long Term Disability?

What is the name of the company Zander quoted, what is the benefit, what is the elimination period, how long is the benefit, what options are covered, does it cover mental and nervous disorders, what is the definition of total and partial disability, are rates guaranteed to never change? I would fin...
by bluemarlin08
Fri Oct 03, 2014 5:01 pm
 
Forum: Personal Finance (Not Investing)
Topic: Do we need Long Term Disability?
Replies: 9
Views: 543

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: 13
Views: 1053

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: 45
Views: 2391

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: 45
Views: 2391

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: 562

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: 9181

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: 534

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: 569

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: 569

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: 5503

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: 525

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: 17871

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: 817

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: 2204

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: 244

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: 2204

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: 2204

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: 2204

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: 2204

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: 2629

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: 2629

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: 1154

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: 2629

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: 2629

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: 2629

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: 2629

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: 2629

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: 2503

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: 1093

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: 6866

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: 893

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: 999

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: 1154

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: 2199

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: 1263

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: 4616

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: 1081

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: 1081

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: 13830
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