Bogleheads

Shouldn't be difficult, usually the bene form has a place to name a trustee under the xyz trust. They often require a copy of the trust and will require the trust id.

If you think that decreasing term is less expensive than level term, get aquote and compare, you will have a hard time even finding a competitive company that offers dec term. Reserve requirements p ...

And since the mid 90s, I don't think I've heard a sales rep at a conference talk about, let alone promote, term insurance. Commissions on term must suck.

Are you an agent? If so, I assume with a ...

DDB makes an excellant point. Many working spouses that have non working spouses want to be able to replace their income if something happens to the non working spouse to stay home and raise the chil ...

The guaranteed 6%ayout is being misrepresented, as previously posted it is GMIB.

I think Meph gave you great advice. Sometimes it is best to leave things as they are, let the parents keep the policy and continue to pay premiums. Now if they need to transfer the policy to you bec ...

1. Wrong Turn - fun with mountain mutants, creepy

2. Wolf Creek - loosely based on a true story, Australian travellers run into real freakazoid.

Steve B is right on the money. I recently placed 1,000,000 policy on someone that had melanoma 8 years ago that was "in situ" and at standard rates.

The problem with COBRA is if one of you has a change in health during the COBRA coverage that could prevent you from getting individual coverage, other than HIPPA coverage.

That Met Life policy only covers home care at 50% of benefit.

Unlimited caps are a mirage, IMO, one of the leading insurors told me they had NEVER had a client hit their 3 million lifetime cap.

But your not my customer, if you were I would be inclined to find and present the information requested. I'm not concerned if you agree or not. If you are interested in continuing this discussion off ...

Junior, I was simply stating my experience, it is really unimportant if one thinks it is fact or not or whether you take my word or not. I don't take anyone's word on anything from any anonymous forum ...

I have started diversifying a client's LTCi, just as we do with disability and life.

[quote="nisiprius"]bluemarlin08, if you want to be helpful, post some good links to reasonably objective statistics or articles on how good various long-term care insurance (LTCi) companies ...

You just made his point.

Which was?

Bingo, your point?

Im sure those supposedly intelligent folk you speak of do know the facts.

Oh really, if so what is the source to support those "facts"?

Perhaps they dont agree with you. No need to ma ...

This concept that one must fight tooth and nail to get claims paid is total bunk if referring to companies like GE and Hancock. I am totally amazed at how supposedly intelligent folks don't know the f ...

Great idea.

Sportal gave good advice. However, rarely is the quantity discount advisable for term , disability and health. Find a qualified independent agent that will help you walk through these decisions. Fin ...

In short, if the insurer becomes financially distressed over the decades ahead...(and it appears now that unless premiums rise markedly, most LTCI'ers will be), they will have to find ways to deny cla ...

There is so much mis information regarding LTC. One of the biggest is the insurance companies do everything to deny claims, TOTAL BS.

Well said Sam I Am. These policies should be a part of most folks financial plannin

Our firm has insured 100's of clients with LTC, mostly Genworth and Hancock and NEVER had any claims denied. If you are worried, go ask the administrators of some NH, AL and HC agencies their experie ...

Apply with a company such as United Health Care, that hs a nation wide provider network, don't choose BC if you might move out of state.

If the tumor was not malignant, some companies will consider coverage after 5 years.

Met with someone yesterday whose 8 year old son had leukemia and his bills for the past 2 years exceeded 1,000,000.

Even if you could do it the kids would have to pay a penalty for withdrawals.

The answer is you enroll with a plan that has a nationwide provider network,
at current address, when you move rates will be adjusted based on the area you move to, fact.

You should seek the advice of a qualified estate attorney. However, if Grandpa is not competent, his will or laws of intestacy will govern how assets are distributed, the family can't change that.

Are any of you trustees for an ILIT?

Permanent insurance to pay taxes is primarily used when one's assets are mostly composed of illiquid assets, heirs don't have to fire sell assets to pay tax.

I have many clients with much more than 5million of coverage. Needs are fact dependent, what might seem to be over kill is quite normal with others.

I would definitely take the higher deductible, your extra 2k of risk is covered by the HSA. Can you get a higher deductible?

With earnings of 25 to 35k you will only qualify for around 700k of coverage and the company is going to want to know what is the insurable interest. I wouldn't be as concerned about future needs as I ...

COBRA can be the most expensive way to fund one's health insurance unless there are insurability issues.

In most all cases, the HDHP will be a better choice if you do a best case worse case scenario, the tax deduction is just a bonus. That is the case in my state anyway.

nisiprius is right on target, most folks really don't understand the potential impact of custodial care, currently, my view is insurance is priced as a bargain.

OK, I think I understand . I assume you and your wife each bought a 5 year benefit individual policy with a shared benefit rider, probably from John Hancock. I thought you had purchased a true shared ...

What company offers the rider you speak of?

dm200, call the company and get them to send you an explanation of length of benefit in a shared policy.

Discobunny makes an excellant point. In addition, if one acquires personal dis prior to enrolling for the group coverage, you can have more total coverage than 60%

Bigfoot, verify that a survivor has a 10 year benefit. Typically, if you buy a 5 year shared benefit it means benefits are for 5 years.

They sure don't offer many options. I would contact an independent agent that specializes in health insurance, try going to the Dave Ramsey website and choose Endorsed Local Provider. You aren't ob ...

In reality, home care can be more costly than nursing home care, depending on how many hours of care are needed. I know of a clients father that was spending 100k per year for home care.

Look at the cost of care now and look at the future cost of care at 8% per year increase. If the premiums don't impact your standard of living buying LTC is a good way to cover risk. Lots of things ...

Typically that additional fee is for monthly billing, it would not be charged if you chose automatic bank draft. But, sometimes you don't get "the rest of the story" when dealing with csr r ...

Standard is a company to consider, and one I would have included, a variety of options. I would want my premiums guaranteed. I have seen companies like GE, regarding their LTC, use the advantage the ...