Bogleheads

I have savings that I want to invest conservatively but would like to get better than the 1.4% that I'm now receiving at IGObanking. I've been offered a five-year deferred fixed index annuity as a wa ...

The long answer is also "no."

Jeff,
You are correct. I think it was fishguy who said that.

That said, I still find Meph's one liner that "Level term is usually much cheaper than decreasing term" highly disingenuous.

Disingenuous? It's true, so how could that be disingenuous? ...

Letsgo,

Actually there are very few places you can read unbiased information about life insurance preferences. Your best bet for informed use of term and permanent insurance can probably be found ...

The way this is being explained to me is this:

Assuming you've used all your tax-advantaged accounts, and assume you continue to invest X additional dollars per year. Assume that per your a.a., you ...

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 ...

Nice post Meph,

But you are wrong.

Chris

Prove it Chris. Term quotes on the internet are free. Otherwise I will assume your expertise lies more in fishing and skiing. By the way, I offer ...

Actually Jeff, I kind of do know what I am talking about. Forty years in the life insurance business allowed me to accumulate a small amount of knowledge about life products.

Decreasing term was c ...

There are policies out there called "decreasing term" where the premium is steady, but the payout decreases over time. These policies are significantly cheaper than "level term" an ...

There are policies out there called "decreasing term" where the premium is steady, but the payout decreases over time. These policies are significantly cheaper than "level term" an ...

The older I get the more I worry.

My parents are in their 90s and still in good health but I see the time coming soon when my brother and I will have to spend a lot of effort caring for them. Not ...

I agree with all the above points. Beth, of course you know that the annuity amounts received by the beneficiary can be spent at his/her sole discretion. If you think the beneficiary is totally inco ...

Bruce,

I now have read your post slowly. I am now typing a response rapidly.

I do not see where you come up with an "excess" of "unneeded" life insurance in the OP's comment ...

I have sold term insurance for decades. The cost declined mainly due to competition and the development of newer term products of fixed duration.

Now, the LI sales reps recommend lots of LI, because no family survivor has ever complained to them if the insured dies....right? But I suspect the 98% of otherwise healthy individuals who reach r ...

DDB makes excellent points. The financial value of a wife and mother is huge. She can't be replaced but significant insurance can do all the things DDB mentioned. Over the years I have seen the mir ...

Thank you all for your excellent insight.

Both my wife and I are in good health so I think we'll start off by getting some quotes for our term insurance needs. In the meantime, we'll take everyone ...

Two questions.

First, in general, when can whole life insurance make sense? My understanding is that at a minimum, you should have an insurable need, should have maxed out all tax-advantaged retire ...

I would suggest that you proceed in two steps. First, educate yourself about life insurance and determine what amounts you need on both of you. Then buy 20 or 30 year level death benefit term insura ...

Owning a small amount of gold for diversification makes sense to me.

I own a gold wedding ring, although only one. I don't think my wife would approve of diversification. Laughing

Rick Ferri

I ...

Owning a small amount of gold for diversification makes sense to me.

Another good one

http://www.youtube.com/watch?v=VQ3d3KigPQM&feature=related

Buy the new "Bogleheads Guide to Retirement Planning." In that book an expert insurance agent tells you how to shop for and buy the best life insurance for your situation.

ole meph

Ti ...

DDB,

If you insist on attempting to discredit my advice for posters to read the new Bogleheads book, please take it off forum. That book was written by many Bogleheads who wanted to contribute to ...

DDB,

Perhaps you should check your own reading comprehension. My advice to read the Bogleheads book is in addition to other excellent advice given in this forum, by others and by me.

ole meph

Buy the new "Bogleheads Guide to Retirement Planning." In that book an expert insurance agent tells you how to shop for and buy the best life insurance for your situation.

ole meph

I' ...

Buy the new "Bogleheads Guide to Retirement Planning." In that book an expert insurance agent tells you how to shop for and buy the best life insurance for your situation.

ole meph

I just try to keep it simple. Never buy life insurance as an investment.

I am an insurance salesman. I say, do not buy return of premium term. Keep it simple. This is not rocket science.

So I was looking at additional term life for myself and approached this local state farm agent. She says they have a term life product that at maturity returns all my premium if I am still breathing t ...

http://mysuper.watsonwyatt.com/global/forms/WWA-FSG.pdf

Andromeda, you say, in part:

So... my question if I sign up for a HDHP+HSA... how will the insurance company know that I have another existing medical insurance coverage?

______________________ ...

Puppets you say. Puppets often have a variety of personalities. They often posit contrarion positions in a subtle manner as to gain support.

Congratulations jh. Looks like you have exposed a poster who makes up stories to peddle whole life insurance.

yeah, but how effective can this be? maybe he generates more sales to someone else, b ...

Congratulations jh. Looks like you have exposed a poster who makes up stories to peddle whole life insurance.

I don't get many invites to these things. I feel left out.

Equity Index Annuities, (EIA) were created by the insurance industry as a fixed annuity variation. Fixed annuities and fixed life insurance are regulated at the state level by State Insurance Commiss ...

There doesn't seem to be a discussion tab for Chapter 18, but someone incorrectly claimed on the wiki that equity-indexed annuities are fixed annuities, and that's not how the SEC defines them. Here's ...

Half a chapter is on Long Term Care in the Bogleheads Guide to Retirement. Recommend you start there as no sales talk to work around

Anybody consider donating their body to a zoo?

Few thoughts for DM.

Perhaps the most important decision regarding your funeral arrangements is doing something that your wife will be happy with and will help provide her closure. She is the most ...

Social Security survivor benefits used to be paid to a surving spouse until children were 18, and the children could receive benefits to age 22 for college. This was changed a number of years ago, pr ...

Taylor,
The purpose of term insurance is "to pay for an unknown (and unlikely) event. If a 50 year old waits till age 63 to meet anticipated life insurance needs he may not be able to qualify f ...

I was thinking of life insurance old recommendation that you should have 8 - 10x times income. I was wondering how anyone arrived at this number. Suppose you make $100K a year, you died 25 years from ...

Hi BruceM, can you steer me toward more info on "declining term" life insurance. I have been shopping for level term coverage but have not heard of "declining term" life insur ...

Hi Tom:

I have a 20-year term life insurance policy that is more than sufficient to cover the mortgage, along with college costs for my kids (ages 11 and 8.) However, this policy has 13 years to go ...

Probably best to keep your older 20 year term policy and supplement it with a new 20 year level term policy. Mortgage term policies are usually more expensive than level term.

Buy and read the new Bogleheads Guide to Retirement book. It will thoroughly answer your life insurance questions. Reading it can save you thousands of dollars.

Read the new "Bogleheads Guide to Retirement." It will thoroughly answer your life insurance and investment decisions. It will literally save you thousands of dollars.