Search found 2497 matches

by BruDude
Thu Apr 27, 2017 3:45 am
Forum: Personal Finance (Not Investing)
Topic: Need advice about permanent life insurance policies
Replies: 17
Views: 1616

Re: Need advice about permanent life insurance policies

I'm not looking for specific credentials. He said he wasn't comfortable doing it because of the types of policies and the amounts. No, he didn't sell to me. Haha. Can you give an example of a type that's too complicated? Is the amount too high or too low for him to evaluate? For low amounts, I don'...
by BruDude
Wed Apr 26, 2017 1:42 pm
Forum: Personal Finance (Not Investing)
Topic: Where did you buy your Long Term Disability Insurance ?
Replies: 29
Views: 1587

Re: Where did you buy your Long Term Disability Insurance ?

1. My agent/broker asked me to get back to him on my group plan first as it may impact my individual supplemental 2. I dont know exactly, all he said, 3% of salary per year for supplemental like 40% of salary A good DI policy generally costs 2-4% of the income amount being covered, so $3k to cover ...
by BruDude
Tue Apr 25, 2017 2:14 pm
Forum: Personal Finance (Not Investing)
Topic: Is this a good long term care policy?
Replies: 11
Views: 626

Re: Is this a good long term care policy?

That is an extremely low premium compared to current market rates, so I would definitely keep it if you have a need for the insurance. Buying a new policy with those benefits would cost you three times as much, if not more.
by BruDude
Tue Apr 25, 2017 1:17 pm
Forum: Personal Finance (Not Investing)
Topic: Where did you buy your Long Term Disability Insurance ?
Replies: 29
Views: 1587

Re: Where did you buy your Long Term Disability Insurance ?

Ther is a reason there is such a huge difference in premiums, benefits and risk of claims. Pooled risk of thousands of employees is also significantly different than the risk of a single individual and that change in risk has a significant impact on pricing. It's not a 90% difference, and you still...
by BruDude
Tue Apr 25, 2017 12:06 pm
Forum: Personal Finance (Not Investing)
Topic: Where did you buy your Long Term Disability Insurance ?
Replies: 29
Views: 1587

Re: Where did you buy your Long Term Disability Insurance ?

OP, I have a Standard policy that supplements my work policy. Have an agent like BruDude present you with a number of policies and choose the one that's right for you. There may be certain nuances that are a better fit for your situation than others. Thanks for the recommendation, but it sounds lik...
by BruDude
Mon Apr 24, 2017 6:41 pm
Forum: Personal Finance (Not Investing)
Topic: Where did you buy your Long Term Disability Insurance ?
Replies: 29
Views: 1587

Re: Where did you buy your Long Term Disability Insurance ?

It's worked great for both people I know who have used it so far.. Small sample size. I can probably think of 10 things off the top of my head that make it inferior to an individually-purchased DI policy. It's better than having nothing though. What are the 10 things then? Educate me. 1. Premiums a...
by BruDude
Mon Apr 24, 2017 4:03 pm
Forum: Personal Finance (Not Investing)
Topic: Where did you buy your Long Term Disability Insurance ?
Replies: 29
Views: 1587

Re: Where did you buy your Long Term Disability Insurance ?

It's worked great for both people I know who have used it so far.. Small sample size. I can probably think of 10 things off the top of my head that make it inferior to an individually-purchased DI policy. It's better than having nothing though. What are the 10 things then? Educate me. 1. Premiums a...
by BruDude
Mon Apr 24, 2017 2:08 pm
Forum: Personal Finance (Not Investing)
Topic: Where did you buy your Long Term Disability Insurance ?
Replies: 29
Views: 1587

Re: Where did you buy your Long Term Disability Insurance ?

jlcnuke wrote:It's worked great for both people I know who have used it so far..


Small sample size. I can probably think of 10 things off the top of my head that make it inferior to an individually-purchased DI policy. It's better than having nothing though.
by BruDude
Mon Apr 24, 2017 12:24 pm
Forum: Personal Finance (Not Investing)
Topic: Where did you buy your Long Term Disability Insurance ?
Replies: 29
Views: 1587

Re: Where did you buy your Long Term Disability Insurance ?

My long-term disability insurance through my employer is quite adequate, so I didn't buy any outside of that. 60% of the previous year's gross salary should be quite adequate for me in the event I need it. As I pay 100% of the premium, the entire amount of any disability insurance payments would be...
by BruDude
Mon Apr 24, 2017 12:22 pm
Forum: Personal Finance (Not Investing)
Topic: Where did you buy your Long Term Disability Insurance ?
Replies: 29
Views: 1587

Re: Where did you buy your Long Term Disability Insurance ?

I contacted a local Guardian agent and given i had a major surgery 8 weeks back, he is suggesting me to wait 2 years before shopping for LTD, b/c he thinks i may get denied now or my premium could be extremely high....bummer... Any other ways to supplement LTD beyond what i get from work ? I'm just...
by BruDude
Tue Apr 18, 2017 1:34 am
Forum: Personal Finance (Not Investing)
Topic: Insurance Beneficiary information
Replies: 1
Views: 239

Re: Insurance Beneficiary information

Option 1, though a trust is a better idea (obviously there is a cost involved for setting one up). On option 2, the executor would have no obligation to pay any benefit to the minor child, they could just run away with the money. A trust would solve that problem.
by BruDude
Fri Apr 14, 2017 8:00 pm
Forum: Personal Finance (Not Investing)
Topic: Dealership rejecting rebate after contract signed
Replies: 82
Views: 6512

Re: Dealership rejecting rebate after contract signed

Just to reiterate, the people who are telling you to ignore the demand are giving you bad advice. They can and will repossess the car and you'll be left dealing with the consequences. Don't do that. Go read what you signed and I 100% guarantee you don't have a leg to stand on. This kind of situatio...
by BruDude
Fri Apr 14, 2017 4:08 pm
Forum: Personal Finance (Not Investing)
Topic: Dealership rejecting rebate after contract signed
Replies: 82
Views: 6512

Re: Dealership rejecting rebate after contract signed

This reminds me of a certain news story this week....hmmmmm...how much is $1000 worth in bad reviews and press? Maybe we should ask...hmmm...United Airlines?
by BruDude
Fri Apr 14, 2017 12:53 am
Forum: Personal Finance (Not Investing)
Topic: Dealership rejecting rebate after contract signed
Replies: 82
Views: 6512

Re: Dealership rejecting rebate after contract signed

I'd tell them to pound sand. They approved the deal, end of story. They can take $1k off the sale price if they have to. Their mistake. It's ridiculous that they would even ask you to do that.
by BruDude
Tue Apr 11, 2017 2:07 pm
Forum: Personal Finance (Not Investing)
Topic: Thoughts on Healthcare Sharing?
Replies: 17
Views: 1019

Re: Thoughts on Healthcare Sharing?

My thoughts are to ignore the biases you encounter against these products and investigate yourself. It really doesn't matter whether it is insurance or not. Insurance is not insurance, either. That's part of the reason its so expensive. If you can find a low-cost "regulated" insurance pla...
by BruDude
Tue Apr 11, 2017 12:12 pm
Forum: Personal Finance (Not Investing)
Topic: Thoughts on Healthcare Sharing?
Replies: 17
Views: 1019

Re: Thoughts on Healthcare Sharing?

It is not insurance, they don't promise to pay. You may have to pay more in the monthly contribution to help other people if they're short on money. Since the penalty is now gone, I'd just go with a Short Term Medical plan instead of a healthshare. The penalty isn't gone, it's just not being enforc...
by BruDude
Thu Apr 06, 2017 10:54 am
Forum: Personal Finance (Not Investing)
Topic: Recommended Life Insurance Company for People with Mental Illness
Replies: 5
Views: 350

Re: Recommended Life Insurance Company for People with Mental Illness

Any suggestions for an affordable life insurance company for someone who has mental illness, but has been stable for years? I need to purchase a policy that is in addition to my policy through my husband's work. I have been on the same meds for many years and are pretty symptom-free. But a lot of c...
by BruDude
Thu Apr 06, 2017 9:05 am
Forum: Personal Finance (Not Investing)
Topic: Recommended Life Insurance Company for People with Mental Illness
Replies: 5
Views: 350

Re: Recommended Life Insurance Company for People with Mental Illness

Hard to say without knowing the diagnosis, meds, and hospitalization history. In general, Prudential and American General do pretty well on mental illness. I've had clients with bipolar disorder get approved with standard rates.
by BruDude
Thu Mar 30, 2017 11:49 am
Forum: Personal Finance (Not Investing)
Topic: Whole Life Policy
Replies: 5
Views: 548

Re: Whole Life Policy

How much was the most recent dividend?
by BruDude
Wed Mar 29, 2017 9:49 pm
Forum: Personal Finance (Not Investing)
Topic: Disability Insurance -- how much is it worth it to have good contract (eg. Guardian) vs longer benefit period and FIO
Replies: 4
Views: 275

Re: Disability Insurance -- how much is it worth it to have good contract (eg. Guardian) vs longer benefit period and FI

Mass Mutual has a very good policy. I'd go with that if it's the only one with age 65 and FIO. You might want to check out Ohio National too. If their new product is available in your state it is very competitive and you can get a 10% discount by buying a $1.5M life insurance policy (you can buy a 1...
by BruDude
Wed Mar 29, 2017 4:30 pm
Forum: Personal Finance (Not Investing)
Topic: Modest whole life over 70
Replies: 6
Views: 568

Re: Modest whole life over 70

Do you want whole life, or just a policy with a death benefit guaranteed for life? If it's the latter, a guaranteed universal life policy will accomplish your goals and be half the price of the whole life policy. GUL is effectively term insurance that's guaranteed for life. It isn't designed to bui...
by BruDude
Wed Mar 29, 2017 2:04 pm
Forum: Personal Finance (Not Investing)
Topic: Modest whole life over 70
Replies: 6
Views: 568

Re: Modest whole life over 70

Do you want whole life, or just a policy with a death benefit guaranteed for life? If it's the latter, a guaranteed universal life policy will accomplish your goals and be half the price of the whole life policy. GUL is effectively term insurance that's guaranteed for life. It isn't designed to buil...
by BruDude
Wed Mar 29, 2017 1:07 pm
Forum: Personal Finance (Not Investing)
Topic: Term life insurance: fine print and credit ratings
Replies: 2
Views: 214

Re: Term life insurance: fine print and credit ratings

Life insurance is pretty simple - you're either dead or not dead. You die, they pay a claim. You don't die, they don't pay. That's about as black and white as an insurance policy can be. There isn't any real difference between the policies except the conversion options. I'd be comfortable with any c...
by BruDude
Wed Mar 29, 2017 12:48 pm
Forum: Personal Finance (Not Investing)
Topic: Laddering Employer Group Term Life Policy with Individual Policy
Replies: 14
Views: 641

Re: Laddering Employer Group Term Life Policy with Individual Policy

What's your plan if you get a better job offer, decide to quit, the employer changes insurance offerings, etc? I wouldn't rely on group coverage for anything because there are no guarantees and most people don't stay with the same employer through retirement anymore. Buy the individual life insuranc...
by BruDude
Wed Mar 29, 2017 2:33 am
Forum: Personal Finance (Not Investing)
Topic: Disability Insurance
Replies: 13
Views: 958

Re: Disability Insurance

It depends on the employer-provided insurance: How good is it, and, importantly, are the policies portable (meaning can you keep them if you change employers)? The general rule is that you should have private coverage to supplement whatever group policy your employer offers, but you need to give us...
by BruDude
Wed Mar 29, 2017 2:25 am
Forum: Personal Finance (Not Investing)
Topic: Disability Insurance
Replies: 13
Views: 958

Re: Disability Insurance

Both are a dual income family and it would be hard if one of us gets disabled. Thanks to BH, we are in the process of getting a life insurance. Reg disability insurance, my company offers disability insurance and both my employer and I will share the cost. Unfortunately, I missed the cut off date. ...
by BruDude
Mon Mar 27, 2017 3:17 pm
Forum: Personal Finance (Not Investing)
Topic: Life insurance question and recommendation request
Replies: 8
Views: 450

Re: Life insurance question and recommendation request

Thanks cpants! I completely forgot that I have 3x my annual salary through my employer. Ill have to double check but I believe thats only good as long as I am employed by them. Ill have to make sure that if I ever change jobs, Ill get a policy with the new company. I was reading that you can get te...
by BruDude
Mon Mar 27, 2017 1:18 pm
Forum: Personal Finance (Not Investing)
Topic: Need help picking term life policy (updated 04/10)
Replies: 33
Views: 1937

Re: Need help picking term life policy (updated)

Only thing to add is that some insurer gives a discount for having two policies. Since you mentioned you'll wait until wife gives birth, you may want to check with agent if you're still eligible for this discount (if applicable) when you add your wife later. I don't know of any companies that have ...
by BruDude
Mon Mar 27, 2017 1:11 pm
Forum: Personal Finance (Not Investing)
Topic: Life insurance question and recommendation request
Replies: 8
Views: 450

Re: Life insurance question and recommendation request

You really should have $1M minimum on yourself and probably $500k on the spouse, not sure why your spouse has a whole life policy when you don't even have anything? Buy the correct amount of term coverage before even thinking about whole life, and as you will find, this forum in general is very anti...
by BruDude
Mon Mar 27, 2017 8:56 am
Forum: Personal Finance (Not Investing)
Topic: Disability insurance rider definition worries me
Replies: 1
Views: 213

Re: Disability insurance rider definition worries me

Normal. This is similar to the Automatic Benefit Increase/Automatic Benefit Enhancement rider that other companies offer. The benefit increase is available regardless of any changes to your income , that is why it is limited to 6 years. You have the option of requesting another 6 years of it after t...
by BruDude
Sun Mar 26, 2017 8:30 pm
Forum: Personal Finance (Not Investing)
Topic: Hospital billing nightmare
Replies: 26
Views: 2363

Re: Hospital billing nightmare

Is this not an ACA-compliant plan? How does she have a $7500 deductible and separate $7500 maternity deductible?

The baby's expenses for the first 48-72 hours after birth should be covered under the mothers deductible too.
by BruDude
Fri Mar 24, 2017 4:31 pm
Forum: Personal Finance (Not Investing)
Topic: Need help picking term life policy (updated 04/10)
Replies: 33
Views: 1937

Re: Need help picking term life policy (updated)

Only thing to add is that some insurer gives a discount for having two policies. Since you mentioned you'll wait until wife gives birth, you may want to check with agent if you're still eligible for this discount (if applicable) when you add your wife later. I don't know of any companies that have ...
by BruDude
Fri Mar 24, 2017 1:55 pm
Forum: Personal Finance (Not Investing)
Topic: Need help picking term life policy (updated 04/10)
Replies: 33
Views: 1937

Re: Need help picking term life policy (updated)

Agent #1 sounds good, agent #2 a little over the top. Standard is probably correct best-case for psoriatic arthritis with those meds, possibly standard-plus as a stretch.
by BruDude
Fri Mar 24, 2017 12:38 am
Forum: Personal Finance (Not Investing)
Topic: Disability insurance question
Replies: 1
Views: 199

Re: Disability insurance question

The lifetime benefit is pretty expensive these days, only Guardian offers it. That policy today would probably cost you almost twice as much for lifetime benefits. On the other hand, the 24-month recovery benefit limitation sucks. It really depends how much you value the lifetime benefit.
by BruDude
Mon Mar 20, 2017 2:06 pm
Forum: Personal Finance (Not Investing)
Topic: How much life insurance?
Replies: 20
Views: 1589

Re: How much life insurance?

$1M for you, $500-750k for her is probably good. At your age, the cost is dirt cheap, so buy a little extra if needed for peace of mind.
by BruDude
Sun Mar 19, 2017 5:49 pm
Forum: Personal Finance (Not Investing)
Topic: USAA and Haven Life (Mass Mutual) Life Insurance Quotes
Replies: 12
Views: 1158

Re: USAA and Haven Life (Mass Mutual) Life Insurance Quotes

Quotes are meaningless until you get an offer of coverage from the insurance company. It's not bait and switch. You either qualify for the quoted rate or you don't...but that doesn't mean everyone qualifies for Preferred Plus. USAA has more strict underwriting guidelines than most insurance companie...
by BruDude
Thu Mar 16, 2017 10:04 am
Forum: Personal Finance (Not Investing)
Topic: GEICO auto rates vs. USAA: too good to be true?
Replies: 127
Views: 10065

Re: GEICO auto rates vs. USAA: too good to be true?

I just switched from Liberty Mutual to Geico and went from $291/mo for two cars $250/500/100k with $2500 deductible on comp/collision to $129/mo for the same two cars with $300/500/100k and $100 deductible on comp and $1000 on collision. Thanks to OP for posting this otherwise I probably wouldn't ha...
by BruDude
Mon Mar 13, 2017 3:00 pm
Forum: Personal Finance (Not Investing)
Topic: Getting Term Life Insurance - Plus or Basic? (Ohio National)
Replies: 15
Views: 753

Re: Getting Term Life Insurance - Plus or Basic? (Ohio National)

The plus gives you right to convert....That's great BUT what is the coverage amount? They may "convert" and cover you for $10K which is worthless. Or assuming they convert to your original coverage of $500K/$1 million. How much do you think the premium will be then? You're definitely not ...
by BruDude
Mon Mar 13, 2017 11:15 am
Forum: Personal Finance (Not Investing)
Topic: Getting Term Life Insurance - Plus or Basic? (Ohio National)
Replies: 15
Views: 753

Re: Getting Term Life Insurance - Plus or Basic? (Ohio National)

As someone who sells life insurance, I can tell you that there are certainly a lot of people that wish they had a better conversion option available on their old policies. Life changes, things don't work out as planned, someone has a major health issue and becomes uninsurable, etc. Then they are stu...
by BruDude
Mon Mar 13, 2017 10:30 am
Forum: Personal Finance (Not Investing)
Topic: Getting Term Life Insurance - Plus or Basic? (Ohio National)
Replies: 15
Views: 753

Re: Getting Term Life Insurance - Plus or Basic? (Ohio National)

The agent summed it up pretty well. Personally, I'd pay the slight bit extra for the Plus just in case, but I'm sure many that want the cheapest straight term insurance would just take the basic. I'd say about half my clients choose Basic and half choose the Plus. Ohio National has very competitive ...
by BruDude
Fri Mar 10, 2017 5:27 pm
Forum: Personal Finance (Not Investing)
Topic: Life Insurance More w/ Anxiety?
Replies: 8
Views: 481

Re: Life Insurance More w/ Anxiety?

The difference between Preferred (which I have) and Preferred Plus through my Protective Life is ~$200/yr for me. Run that over 30 years, and it's $6K. Frustrating. It's not easy to qualify for Preferred Plus when you have any kind of medical history. There are probably a handful of companies that ...
by BruDude
Fri Mar 10, 2017 4:33 pm
Forum: Personal Finance (Not Investing)
Topic: Life Insurance More w/ Anxiety?
Replies: 8
Views: 481

Re: Life Insurance More w/ Anxiety?

General anxiety/depression can be anywhere from Preferred Plus to Standard depending on the company. Depends on the details too. Preferred is reasonable. If you really try, you might be able to get a Preferred Plus, but you may find it's not worth the hassle to save a few bucks.
by BruDude
Thu Mar 09, 2017 11:24 pm
Forum: Personal Finance (Not Investing)
Topic: Hitting the Obamacare "cliff" - and a possible way out?
Replies: 8
Views: 1584

Re: Hitting the Obamacare "cliff" - and a possible way out?

You have to file jointly to get the credit. There's even a disclaimer at the end of the subsidy application that you have to attest to.
by BruDude
Thu Mar 09, 2017 2:30 pm
Forum: Personal Finance (Not Investing)
Topic: Disability Insurance Pre_Exisiting Condition Clause
Replies: 4
Views: 395

Re: Disability Insurance Pre_Exisiting Condition Clause

How are you going to avoid disclosing the condition? Disability insurers usually pull your medical records and check the insurance clearinghouses and the MIB to ensure you haven't failed to disclose something. You know about the insurance clearinghouses and the MIB and the various other medical inf...
by BruDude
Thu Mar 09, 2017 12:01 pm
Forum: Personal Finance (Not Investing)
Topic: Clawback of sales commissions earned
Replies: 42
Views: 2774

Re: Clawback of sales commissions earned

You are NOT using a company-linked computer for these posts, are you? RM This post reminds me of Silicon Valley. Next thing we know OP's entire argument will be based on whether anyone believes he has a girlfriend or not. :?: It's a TV show on HBO, you'd have to see it to know what I was talking ab...
by BruDude
Thu Mar 09, 2017 10:51 am
Forum: Personal Finance (Not Investing)
Topic: Clawback of sales commissions earned
Replies: 42
Views: 2774

Re: Clawback of sales commissions earned

ResearchMed wrote:You are NOT using a company-linked computer for these posts, are you?

RM


This post reminds me of Silicon Valley. Next thing we know OP's entire argument will be based on whether anyone believes he has a girlfriend or not.
by BruDude
Thu Mar 09, 2017 10:33 am
Forum: Personal Finance (Not Investing)
Topic: Clawback of sales commissions earned
Replies: 42
Views: 2774

Re: Clawback of sales commissions earned

Soon after this post, I did receive notification that they intend to deduct the near five figure amount from my paycheck on March 15. If I refuse to comply by tomorrow, they will not pay me any of my commissions for February, citing that "compensation can change at any time." I'm sure com...
by BruDude
Thu Mar 09, 2017 10:31 am
Forum: Personal Finance (Not Investing)
Topic: GEICO auto rates vs. USAA: too good to be true?
Replies: 127
Views: 10065

Re: GEICO auto rates vs. USAA: too good to be true?

I'm sure there is significant variation in pricing based on driving history/location/type of cars/coverage levels, so without knowing those details and being able to compare them (which is almost impossible due to the number of variables), they may or may not be the best rate. In short, shop around.
by BruDude
Thu Mar 09, 2017 10:30 am
Forum: Personal Finance (Not Investing)
Topic: Clawback of sales commissions earned
Replies: 42
Views: 2774

Re: Clawback of sales commissions earned

I take it that they significantly lowered commissions. If you could not agree with this new plan, you shouldn't have signed the document. Their threats to not pay you might be taken under consideration (ask the lawyer). I'd think that you're in for a bad time if you fight this. Do you have another ...
by BruDude
Wed Mar 08, 2017 10:28 pm
Forum: Personal Finance (Not Investing)
Topic: GEICO auto rates vs. USAA: too good to be true?
Replies: 127
Views: 10065

Re: GEICO auto rates vs. USAA: too good to be true?

Currently have Liberty Mutual, for 3 cars I am paying $404/month (will reduce to $280/month when I sell the third one). Quoted Geico today after reading this thread, $182/month for $300/500/100k with accident forgiveness and $100 comprehensive/$1000 collision deductibles on all cars. Premium will re...

Go to advanced search