Search found 2660 matches

by BruDude
Fri May 18, 2018 1:06 am
Forum: Personal Finance (Not Investing)
Topic: Cancelling term life insurance policies paid annually, will I get a refund
Replies: 9
Views: 734

Re: Cancelling term life insurance policies paid annually, will I get a refund

eye.surgeon wrote:
Thu May 17, 2018 11:59 pm
Pajamas wrote:
Thu May 17, 2018 11:35 pm
What do the policies say about refunds?
I've looked through the policy and don't see this issue addressed. I thought perhaps others here might have personal experience doing this.
You need to call each company and ask them.
by BruDude
Thu May 17, 2018 11:52 pm
Forum: Personal Finance (Not Investing)
Topic: Cancelling term life insurance policies paid annually, will I get a refund
Replies: 9
Views: 734

Re: Cancelling term life insurance policies paid annually, will I get a refund

Depends on the insurance company, some don't refund the excess premium.
by BruDude
Tue May 15, 2018 10:08 pm
Forum: Personal Finance (Not Investing)
Topic: Term life-is this reasonable price?
Replies: 10
Views: 840

Re: Term life-is this reasonable price?

I have been searching for term life insurance for quiet sometime. I don't qualify for exceptional rate because of medical reasons. Recently, I got a quote for 135 USD/month with AIG (standard non-tobacco) for 20 years for 1 million. Is this acceptable price? Thanks for your inputs! Without knowing ...
by BruDude
Sun May 13, 2018 10:26 pm
Forum: Personal Finance (Not Investing)
Topic: Special needs inheritance situation: whole life insurance?
Replies: 6
Views: 904

Re: Special needs inheritance situation: whole life insurance?

A large whole life policy at her age is going to be incredibly expensive. A guaranteed universal life policy will accomplish the same goal at a much lower cost, probably less than half the whole life cost. Whole life builds cash value. GUL is designed to maximize the death benefit guaranteed for lif...
by BruDude
Thu May 10, 2018 9:31 pm
Forum: Personal Finance (Not Investing)
Topic: Disability Insurance Question
Replies: 4
Views: 631

Re: Disability Insurance Question

A few things you need to determine: 1. Is your LTD policy truly own-occupation for the entire benefit period? Or only for the first two years? Most group policies are only own-occ for two years, though some (usually physician groups) do have full own occupation coverage. 2. Are the terms of the supp...
by BruDude
Thu May 10, 2018 10:15 am
Forum: Personal Finance (Not Investing)
Topic: Life insurance viatical or life settlement instead of long term care insurance?
Replies: 29
Views: 1596

Re: Life insurance viatical or life settlement instead of long term care insurance?

No, the life settlement market is just about dead, no pun intended. You’d have to be close to your deathbed for an investor to pay $250k for a $1m policy. The term has to be convertible to a permanent policy because the investor wants to make sure they get paid eventually. So an investor is only goi...
by BruDude
Mon May 07, 2018 10:07 pm
Forum: Personal Consumer Issues
Topic: Las Vegas shows
Replies: 22
Views: 2032

Re: Las Vegas shows

investor997 wrote:
Mon May 07, 2018 8:48 pm
Le Reve at Wynn blew my mind. I've seen it twice.

Mystere kinda underwhelmed.
I just got a flyer in the mail saying they completely re-did the Le Reve show with a new story/acts. Probably going to go check it out and see it, first time I saw it was about 5 years ago.
by BruDude
Fri May 04, 2018 8:26 pm
Forum: Personal Consumer Issues
Topic: Las Vegas shows
Replies: 22
Views: 2032

Re: Las Vegas shows

Absinthe best show by far. La Reve, Beatles Cirque show, Michael Jackson Cirque show, O Cirque show, Carrot Top, Vinnie Favorito also good. But if you're only going to see one, go to Absinthe.
by BruDude
Mon Apr 30, 2018 4:21 pm
Forum: Personal Consumer Issues
Topic: Las Vegas Restaurants
Replies: 25
Views: 1874

Re: Las Vegas Restaurants

Vegas local here. For those voting for Lotus of Siam, check out Chada Thai & Wine. The owner was the former wine sommelier at Lotus and IMO it is better than Lotus overall, a lot of other locals share the same opinion. Lotus is amazing, no doubt, but you can go to Chada without the wait and it's a l...
by BruDude
Wed Apr 25, 2018 3:02 pm
Forum: Personal Finance (Not Investing)
Topic: how would you handle this--collecting life insurance
Replies: 31
Views: 2931

Re: how would you handle this--collecting life insurance

A valid death claim is a valid death claim, they have nothing to gain by delaying the payout for a week. Not sure why they are giving you the runaround, it should be easy for them to email you a claim form. You can probably even find it on their website unless they don't exist anymore and were bough...
by BruDude
Wed Apr 25, 2018 2:59 pm
Forum: Personal Finance (Not Investing)
Topic: Term4Sale Agent - Am I getting bad advice?
Replies: 7
Views: 703

Re: Term4Sale Agent - Am I getting bad advice?

I don't recall anything about future living / work locations in my term life application, though certain high risk sports (SCUBA etc.) were explicitly called out. Seems likely this agent is using term 4 sale as a tool to get prospects and "up-sell" in to products that are more lucrative to them (an...
by BruDude
Wed Apr 25, 2018 2:54 pm
Forum: Personal Finance (Not Investing)
Topic: Term4Sale Agent - Am I getting bad advice?
Replies: 7
Views: 703

Re: Term4Sale Agent - Am I getting bad advice?

Foreign travel to middle eastern countries can definitely impact the underwriting. I don't think the agent would be scummy enough to direct you to the wrong company just to make an extra $5/month in commission. Sounds like they were being up front with you and trying to make sure the travel won't be...
by BruDude
Mon Apr 23, 2018 6:10 pm
Forum: Personal Finance (Not Investing)
Topic: Life Settlement - Term insurance
Replies: 12
Views: 765

Re: Life Settlement - Term insurance

You won't qualify for a life settlement unless you are over 70 years old, in terrible health, and still have a conversion option on your policy. Very few people are candidates for life settlements, the situation has to be just about perfect in all aspects to make it work.
by BruDude
Mon Apr 23, 2018 6:09 pm
Forum: Personal Finance (Not Investing)
Topic: Disability Insurance Agent
Replies: 7
Views: 462

Re: Disability Insurance Agent

OP, I used Quotoacy and was happy with their service. I first started to contact an agent but he was asking me to sign a form for a 3rd part company and the form had so many legal language that I could barely understand! Probably was getting me into some kind of a contract with obligations from my ...
by BruDude
Tue Apr 17, 2018 3:11 am
Forum: Personal Consumer Issues
Topic: Henderson, NV (Las Vegas suburb) Builder Quality
Replies: 6
Views: 1407

Re: Henderson, NV (Las Vegas suburb) Builder Quality

Vegas resident here. Make sure you visit Inspirada in person if you haven’t, most of the houses are extremely close together with very small lots (like most master planned communities in Vegas). Personally, I haven’t liked any of the Pardee models I looked at. Toll Brothers, Woodside, and William Ly...
by BruDude
Thu Apr 12, 2018 2:55 pm
Forum: Personal Finance (Not Investing)
Topic: Comparing benefit increase riders on disability insurance quotes
Replies: 5
Views: 219

Re: Comparing benefit increase riders on disability insurance quotes

Thanks BruDude! I ended up restructuring the post above to make it clearer; hope it will help others who are interested in DI. I also found the Guardian automatic option in a revised quote I received. So you recommend taking the automatic increase. That makes sense. Why does Guardian charge for the...
by BruDude
Thu Apr 12, 2018 2:39 pm
Forum: Personal Finance (Not Investing)
Topic: Comparing benefit increase riders on disability insurance quotes
Replies: 5
Views: 219

Re: Comparing benefit increase riders on disability insurance quotes

Guardian's is by far the most flexible. With Principal, if you do not accept 50% of the benefit increase that you're eligible for every 3 years, they terminate the rider and therefore the option is eliminated for the future. Guardian does not require you to accept increases that you are eligible for...
by BruDude
Wed Apr 04, 2018 10:26 am
Forum: Personal Finance (Not Investing)
Topic: Thoughts on Disability Insurance
Replies: 11
Views: 711

Re: Thoughts on Disability Insurance

I have never seen an individual DI policy for $20/month....those benefits must be extremely limited or a very small coverage amount. Generally, a good DI policy is going to cost 1-4% of the income amount being covered, so someone earning $100k can expect a premium of ~$1-4k depending on the benefits...
by BruDude
Tue Apr 03, 2018 9:02 pm
Forum: Personal Finance (Not Investing)
Topic: Why are some term life insurance quotes so different in price?
Replies: 6
Views: 626

Re: Why are some term life insurance quotes so different in price?

Quotes are meaningless without an approved offer of coverage. If you are diabetic or 6’0” 270 pounds and looking at preferred rates you are wasting your time since they won’t be accurate. Each company targets certain demographics. Most companies with an A++ rating are significantly more expensive an...
by BruDude
Mon Apr 02, 2018 1:58 pm
Forum: Personal Finance (Not Investing)
Topic: Life Insurance, why long terms?
Replies: 27
Views: 2095

Re: Life Insurance, why long terms?

Insurance agent here - a few observations: 1. Never assume you will be rated Preferred Plus at any point in the future. Very, very few people qualify for P+ rates after age ~40, there are always some type of health issues involved and even things that you feel are minor can change the health rating....
by BruDude
Wed Mar 28, 2018 6:01 pm
Forum: Personal Finance (Not Investing)
Topic: Term Life - How Much & How Long
Replies: 4
Views: 530

Re: Term Life - How Much & How Long

Really depends what you want to accomplish - do you want income replacement for you and/or wife upon death? Just cover mortgage and college? Public or private education for college? If you or your wife died, would the remaining spouse have to take time off work to take care of the kids or hire a ful...
by BruDude
Wed Mar 28, 2018 6:00 pm
Forum: Personal Finance (Not Investing)
Topic: Laddering Term Life Insurance Policies
Replies: 3
Views: 333

Re: Laddering Term Life Insurance Policies

I always considered my term life insurance to be decreasing all be itself, due to inflation. Then, when I did not need it any more I dropped it a few years before the premium went up for the next 10 years. x2, don't forget inflation. Your $1M policy will not be worth $1M of today's dollars in 30 ye...
by BruDude
Mon Mar 26, 2018 10:27 am
Forum: Personal Finance (Not Investing)
Topic: If you couldn't get or get good long term diablity insurance
Replies: 11
Views: 711

Re: If you couldn't get or get good long term diablity insurance

Mutual of Omaha sells an accident-only disability insurance policy, that's probably your best bet.
by BruDude
Sun Mar 25, 2018 6:37 pm
Forum: Personal Finance (Not Investing)
Topic: Disability insurance for self employed
Replies: 4
Views: 400

Re: Disability insurance for self employed

You want the Enhanced version of the residual disability rider, not the Basic one. I don't think Standard has a 4% for 6-year option unless this is specific to your state, are you sure that's what the quote shows? Their options are either 3% or 6% for the entire benefit period, tied to the consumer ...
by BruDude
Tue Mar 20, 2018 1:04 pm
Forum: Personal Finance (Not Investing)
Topic: Term, Whole & Disability Insurance: revision questions
Replies: 29
Views: 1571

Re: Term, Whole & Disability Insurance: revision questions

So, I decided to cancel the kids' whole life policies and my insurance guy sure pulls at our heart strings : ( This was his reply when I said to go ahead and terminate: " there is not a fee to cancel. We will proceed if that is what you would like to do. Just remember, with what your son went throu...
by BruDude
Thu Mar 15, 2018 4:31 pm
Forum: Personal Finance (Not Investing)
Topic: Haven Life- insurance being hard to get?
Replies: 4
Views: 381

Re: Haven Life- insurance being hard to get?

Average underwriting time for a life insurance policy is 6-8 weeks, so a month isn't anything abnormal. Oh, good to know. Mine took like 2 weeks so I was under the impression it was a normal time frame. The Haven Life product uses accelerated underwriting that doesn't require an exam or medical rec...
by BruDude
Thu Mar 15, 2018 1:45 pm
Forum: Personal Finance (Not Investing)
Topic: Haven Life- insurance being hard to get?
Replies: 4
Views: 381

Re: Haven Life- insurance being hard to get?

Average underwriting time for a life insurance policy is 6-8 weeks, so a month isn't anything abnormal.
by BruDude
Fri Mar 09, 2018 5:08 pm
Forum: Personal Consumer Issues
Topic: Which car, Porsche Cayenne or Volvo XC90?
Replies: 71
Views: 5759

Re: Which car, Porsche Cayenne or Volvo XC90?

Picked up my Cayenne Turbo yesterday, might be the best all-around car I've ever driven. It's also insanely loaded with $50k+ in options so that helps, but it's pretty amazing anyway. Porsche....there is no substitute.
by BruDude
Tue Mar 06, 2018 2:13 am
Forum: Personal Consumer Issues
Topic: Which car, Porsche Cayenne or Volvo XC90?
Replies: 71
Views: 5759

Re: Which car, Porsche Cayenne or Volvo XC90?

2011-2014 Cayenne Turbo is the way to go. You can find some pretty nice ones in the $40-50k range. I just picked up a 2012 with 58k miles that was insanely loaded with $156k MSRP (over $50k in options!) for $47k, and it included an $8k Akrapovic exhaust, $3k tune, and $3k radar detector/laser jammer...
by BruDude
Mon Mar 05, 2018 10:44 pm
Forum: Personal Finance (Not Investing)
Topic: Long Term Disability insurance provider recommendations
Replies: 9
Views: 929

Re: Long Term Disability insurance provider recommendations

Thanks for starting this important topic......... I am not at all familiar with these types of insurance, therefore, (sorry.... not intending to hi-jack this thread) but I do have to ask a naive question: What is the MAIN difference between Disability Insurance and Long Term Care Insurance........?...
by BruDude
Mon Mar 05, 2018 10:41 pm
Forum: Personal Finance (Not Investing)
Topic: Can I get an individual LTD policy before my group coverage starts?
Replies: 2
Views: 230

Re: Can I get an individual LTD policy before my group coverage starts?

You're going to be stuck with the supplemental policy. Every DI application will ask if you are changing employment in the next 6 months and will then base your coverage off the contracted salary/income reduced by an amount that is based on the group coverage offered by the employer. If you are a do...
by BruDude
Mon Mar 05, 2018 10:39 pm
Forum: Personal Finance (Not Investing)
Topic: Need an explaination of my explaination of benefits
Replies: 6
Views: 682

Re: Need an explaination of my explaination of benefits

Your dentist is either out-of-network or the plan is set to pay a maximum fee/percentage based on the usual and customary charge for those procedures.
by BruDude
Mon Mar 05, 2018 10:37 pm
Forum: Personal Finance (Not Investing)
Topic: Disability Insurance for future attending physician
Replies: 5
Views: 653

Re: Disability Insurance for future attending physician

Hi everyone, I am 3 short months away from finishing 7 long years of post graduate medical training. Unfortunately I've waited this long to purchase a disability insurance policy. I'm in NYC for the remainder of my training. Any and all advice appreciated. Thank you! BoloPM Buy it ASAP. Waiting doe...
by BruDude
Mon Mar 05, 2018 10:48 am
Forum: Personal Finance (Not Investing)
Topic: Long Term Disability insurance provider recommendations
Replies: 9
Views: 929

Re: Long Term Disability insurance provider recommendations

Depending on your profession, you might be able to get a group policy through your professional or trade association at the best rates IF your profession is not inclined to become disabled. Group/association policies will never have benefits anywhere nearly as good as an individual DI policy, plus ...
by BruDude
Sat Mar 03, 2018 3:14 pm
Forum: Personal Finance (Not Investing)
Topic: Long Term Disability insurance provider recommendations
Replies: 9
Views: 929

Re: Long Term Disability insurance provider recommendations

Depends on your occupation/gender/age/pay structure/health history. Guardian, Ohio National, Principal, Standard, Ameritas, Mass Mutual, all good options.
by BruDude
Sat Feb 17, 2018 12:21 pm
Forum: Personal Finance (Not Investing)
Topic: Can I convert whole life back to term?
Replies: 16
Views: 972

Re: Can I convert whole life back to term?

Check term4sale.com but also see an independent insurance broker who can deal with many companies and has experience with many companies. Hopefully he/she can help get the most for the least money for the term policies. Did you get an in-force illustration with guaranteed values? What is the surren...
by BruDude
Sat Feb 17, 2018 10:17 am
Forum: Personal Finance (Not Investing)
Topic: Can I convert whole life back to term?
Replies: 16
Views: 972

Re: Can I convert whole life back to term?

No you can’t convert it back to term. Rheumatoid arthritis is still insurable. Rating depends on severity and treatment. Can possibly be as good as a Standard rating.
by BruDude
Thu Feb 15, 2018 1:24 pm
Forum: Personal Finance (Not Investing)
Topic: Supplemental disability insurance
Replies: 3
Views: 295

Re: Supplemental disability insurance

Are you able to opt out of the group policy? Doing that and maximizing your individual coverage is the most comprehensive option with the best coverage, albeit also the most expensive option. It appears that I can't. My company happens to be in the open enrollment period right now, and I see no way...
by BruDude
Thu Feb 15, 2018 12:04 am
Forum: Personal Finance (Not Investing)
Topic: Supplemental disability insurance
Replies: 3
Views: 295

Re: Supplemental disability insurance

Are you able to opt out of the group policy? Doing that and maximizing your individual coverage is the most comprehensive option with the best coverage, albeit also the most expensive option.
by BruDude
Thu Feb 15, 2018 12:02 am
Forum: Personal Finance (Not Investing)
Topic: Do we need disability insurance
Replies: 59
Views: 7418

Re: Do we need disability insurance

Thank you all! I got a revised quote for disability insurance. Principal costs $4,599/y for $6,515/mo. The quote reads, "Benefits continue while you remain totally disabled 5 years." Standard costs $5,068/y for $6,270/mo. The quote reads, "Maximum Benefit Period: 5 Years" Another broker found 5 yea...
by BruDude
Sat Feb 10, 2018 11:33 am
Forum: Personal Finance (Not Investing)
Topic: Physician disability insurance
Replies: 8
Views: 652

Re: Physician disability insurance

Too many variables....age/gender/specialty/optional riders/benefit period/elimination period. Honestly sounds a little low IMO...
by BruDude
Wed Jan 31, 2018 3:18 pm
Forum: Personal Finance (Not Investing)
Topic: Car Lease -- High Residual Value -- what am I missing?
Replies: 49
Views: 4741

Re: Car Lease -- High Residual Value -- what am I missing?

It is a 2017 Levante. I am not a car nut at all and have no idea how to fix anything on a car. It is not 0% down, but even when you add in the down-payment and divide it by the lease term, you are at less than 1%. They can give you the numbers with $0 down. You should never put money down on a leas...
by BruDude
Wed Jan 31, 2018 3:09 pm
Forum: Personal Finance (Not Investing)
Topic: Car Lease -- High Residual Value -- what am I missing?
Replies: 49
Views: 4741

Re: Car Lease -- High Residual Value -- what am I missing?

BMW used to be well known for inflating residual values and charging low interest rates to move cars, then bring them back under the CPO program when they were turned in. Times have changed a bit and lease deals generally aren't as good as they used to be, but in general I would say if you are payin...
by BruDude
Mon Jan 22, 2018 2:13 pm
Forum: Personal Finance (Not Investing)
Topic: Disability Insurance - Physician
Replies: 28
Views: 2037

Re: Disability Insurance - Physician

Where do Boglehead-physicians tend get their disability insurance? What are people's opinions about DI through the AMA? From what I read, it is important to ensure that we obtain DI that is occupation specific, has a COLA adjustment, and possibly has a partial disability clause. Is there anything e...
by BruDude
Wed Jan 03, 2018 6:39 pm
Forum: Personal Consumer Issues
Topic: Netflix, Your Current Favorite Show
Replies: 607
Views: 68354

Re: Netflix, Your Current Favorite Show

Peaky Blinders. Season 4 was awesome, Adrien Brody was a great addition
by BruDude
Sat Dec 30, 2017 5:52 pm
Forum: Personal Finance (Not Investing)
Topic: Another should i buy my dream porsche thread...
Replies: 240
Views: 12504

Re: Another should i buy my dream porsche thread...

Figured I'd chime in with a few thoughts... I have a 2010 Carrera S (997.2), acquired in October, 2014.... Now that I've got it out of my system, I'm considering selling both the Porsche and the Toyota and going back to a single vehicle. [/b] Pcarfan911 There's your answer. The 997.2's are the swee...
by BruDude
Sat Dec 30, 2017 5:27 pm
Forum: Personal Finance (Not Investing)
Topic: Disability Insurance Riders/Waivers
Replies: 11
Views: 671

Re: Disability Insurance Riders/Waivers

I *think* you're limited to 60% of salary, with the 60% being agnostic to tax. Ie, the insurance companies just ask whether the payout would be 60% of salary and don't care whether that amount gets taxed or not if distributed to you. The general rule is that if your employer pays the premium (ie do...
by BruDude
Fri Dec 29, 2017 12:30 pm
Forum: Personal Finance (Not Investing)
Topic: Another should i buy my dream porsche thread...
Replies: 240
Views: 12504

Re: Another should i buy my dream porsche thread...

I expect to find myself in a similar situation when I reach your age (I'm currently 32); solid net worth, combined income over $300K, etc. At that point, I will absolutely buy myself a toy. However, after DD'ing an M3 for a number of years, I'll keep my current DD and be looking in the $40K range f...
by BruDude
Thu Dec 28, 2017 2:38 pm
Forum: Personal Finance (Not Investing)
Topic: Another term life insurance question
Replies: 8
Views: 550

Re: Another term life insurance question

Since the term policies are so inexpensive, I would certainly have one just to remove any question of whether or not it is needed. The only question is whether to get the 300K or 700K. To allow for inflation until your youngest goes to college, I would opt for the larger amount. That buys you a gre...