Search found 2561 matches

by BruDude
Wed Aug 16, 2017 8:53 am
Forum: Personal Finance (Not Investing)
Topic: ObamaCare 2018
Replies: 26
Views: 4052

Re: ObamaCare 2018

It's going to be a race to the bottom in most states this year. Which company can provide the worst network at a price that people still find halfway reasonable? Maybe the adverse selection effects of the guaranteed issuance are turning out to be bad enough that they don't want to have a reasonable...
by BruDude
Tue Aug 15, 2017 5:38 pm
Forum: Personal Finance (Not Investing)
Topic: ObamaCare 2018
Replies: 26
Views: 4052

Re: ObamaCare 2018

It's going to be a race to the bottom in most states this year. Which company can provide the worst network at a price that people still find halfway reasonable? Anthem BCBS just announced they're leaving VA, and Aetna and United Healthcare already did the same. Something like 80-90% of my clients i...
by BruDude
Tue Aug 15, 2017 9:45 am
Forum: Personal Finance (Not Investing)
Topic: Life insurance policy on toddler
Replies: 16
Views: 1370

Re: Life insurance policy on toddler

I don't see how they are going to turn $1580 x 18 years of premiums into $180k "for educational expenses". What does the guarantee say? Something is missing from that equation...
by BruDude
Sat Aug 12, 2017 8:14 pm
Forum: Personal Finance (Not Investing)
Topic: Do I have an HDHP?
Replies: 8
Views: 759

Re: Do I have an HDHP?

Does it have any copays before the deductible is met? If so, then it is not eligible for HSA.
by BruDude
Tue Aug 01, 2017 7:21 pm
Forum: Personal Finance (Not Investing)
Topic: Trouble with Universal Life Insurance Policy
Replies: 19
Views: 1618

Re: Trouble with Universal Life Insurance Policy

I don't think there is any doubt that she was convinced to sell her whole life (which may have been suitable) and buy universal life which was not suitable since she wanted to guarantee providing for her son . It is certainly worth contacting you state insurance regulators to see if there is any re...
by BruDude
Mon Jul 31, 2017 1:42 pm
Forum: Personal Finance (Not Investing)
Topic: Disability Insurance for 30 year old single income
Replies: 16
Views: 676

Re: Disability Insurance for 30 year old single income

So noted. How much time and money should a 29 year old spend planning for a disability? I'm always interested in learning. IMO, buying a DI policy is insuring your biggest asset, which is your earning power for the next 30+ years. A good independent agent should be able to explain how the policy wo...
by BruDude
Mon Jul 31, 2017 1:39 pm
Forum: Personal Finance (Not Investing)
Topic: Disability Insurance for 30 year old single income
Replies: 16
Views: 676

Re: Disability Insurance for 30 year old single income

When you talked to the broker did you tell him you had the policy at work? There is a max amount (usually 60% of income) that you can purchase TOTAL in disability insurance. So what does 15k/mos equal in income (incl bonus exclude stocks they might give)? If that puts you at close to 60% I would no...
by BruDude
Mon Jul 31, 2017 12:51 pm
Forum: Personal Finance (Not Investing)
Topic: Disability Insurance for 30 year old single income
Replies: 16
Views: 676

Re: Disability Insurance for 30 year old single income

You have disability insurance through work. That is good enough. If you have life insurance through work, then you should be covered. You could look into adding a term life policy in the unlikely event that you lost your job and then something bad happens. I would not buy additional disability insu...
by BruDude
Fri Jul 21, 2017 3:45 pm
Forum: Personal Finance (Not Investing)
Topic: Signing up for term life insurance
Replies: 5
Views: 406

Re: Signing up for term life insurance

I'm in the process of signing up for term life insurance. I'm able to get 500k worth of coverage for 30 years for $65/month. The premium will never go up during that period. One thing that really bothers me about the registration process is that the company seems hesitant to let me fill out the hea...
by BruDude
Fri Jul 07, 2017 11:32 pm
Forum: Personal Finance (Not Investing)
Topic: Transamerica Life Insurance
Replies: 8
Views: 520

Re: Transamerica Life Insurance

I put zero stock into BBB ratings for any business. BBB is basically a scam these days to bilk business owners out of their money in exchange for a good rating.
by BruDude
Sun Jun 25, 2017 12:04 pm
Forum: Personal Finance (Not Investing)
Topic: "Disruptive" life insurance
Replies: 8
Views: 1271

Re: "Disruptive" life insurance

These aren't insurance companies, they are just an agency or lead aggregator selling the products of other companies or selling your info to agents that contact you to sell products. Fabric is probably selling the Fidelity Life hybrid product.
by BruDude
Fri Jun 23, 2017 12:27 am
Forum: Personal Finance (Not Investing)
Topic: Did I just get seriously ripped off?? (Car lease)
Replies: 54
Views: 4983

Re: Did I just get seriously ripped off?? (Car lease)

BMW does not have holdback or manufacturer to dealer incentives . That's what I keep saying but nobody is listening apparently. Their sales system is not the same as other car companies. They get bonuses based on their customer service scores and overall volume. If the car has no trunk money and yo...
by BruDude
Thu Jun 22, 2017 9:09 pm
Forum: Personal Finance (Not Investing)
Topic: Did I just get seriously ripped off?? (Car lease)
Replies: 54
Views: 4983

Re: Did I just get seriously ripped off?? (Car lease)

But the invoice price doesn't take into account the popularity of the vehicle and therefore current discounts on the vehicle. This only matters if there is "trunk money" or if the car is in extremely high demand like an M2, in which case you probably won't get $1000 over invoice anyway. I...
by BruDude
Thu Jun 22, 2017 9:07 pm
Forum: Personal Consumer Issues
Topic: Does geico provide a decent homeowners insurance?
Replies: 11
Views: 1450

Re: Does geico provide a decent homeowners insurance?

I thought what I said was pretty clear. "They don't sell it under their own name"

Is that acceptable? [OT comment removed by admin LadyGeek]
by BruDude
Thu Jun 22, 2017 7:31 pm
Forum: Personal Finance (Not Investing)
Topic: Did I just get seriously ripped off?? (Car lease)
Replies: 54
Views: 4983

Re: Did I just get seriously ripped off?? (Car lease)

But the invoice price doesn't take into account the popularity of the vehicle and therefore current discounts on the vehicle. This only matters if there is "trunk money" or if the car is in extremely high demand like an M2, in which case you probably won't get $1000 over invoice anyway. I...
by BruDude
Thu Jun 22, 2017 7:28 pm
Forum: Personal Finance (Not Investing)
Topic: Determining appropriate amount of Life Insurance
Replies: 11
Views: 813

Re: Determining appropriate amount of Life Insurance

Thanks all, I'll take a look at Banner's policies and see what they offer. I do have long term disability insurance that covers me at 60% of my salary until age 65 if I get disabled. The policy is through my work though and if I were to obtain it on my own would cost over $500 a month. What is the ...
by BruDude
Thu Jun 22, 2017 7:17 pm
Forum: Personal Finance (Not Investing)
Topic: Did I just get seriously ripped off?? (Car lease)
Replies: 54
Views: 4983

Re: Did I just get seriously ripped off?? (Car lease)

There are multiple forum sponsored dealers. Of course they have an incentive to provide an information advantage to consumers - they want more business and they have to compete with the other forum-sponsor dealers! They are known for providing very good deals to forum members, usually $1000 over in...
by BruDude
Thu Jun 22, 2017 4:36 pm
Forum: Personal Finance (Not Investing)
Topic: Did I just get seriously ripped off?? (Car lease)
Replies: 54
Views: 4983

Re: Did I just get seriously ripped off?? (Car lease)

You don't have to ask a dealer anything....just read the threads and gain knowledge about how BMW leases work and what's a good deal. If someone wants to NOT get a crappy lease deal and they are intent on leasing, that forum can provide plenty of valuable info. Not everyone wants to buy a car and d...
by BruDude
Thu Jun 22, 2017 3:07 pm
Forum: Personal Finance (Not Investing)
Topic: Did I just get seriously ripped off?? (Car lease)
Replies: 54
Views: 4983

Re: Did I just get seriously ripped off?? (Car lease)

For the OP, you can learn a lot about BMW leasing and what a good deal is here on the Bimmerfest "Ask a Dealer" forum - m Asking a dealer seems like the worst thing to do. That sticky thread's first comment reads like a warmed-over sales pitch. m Leasing can be a financially advantageous ...
by BruDude
Thu Jun 22, 2017 2:18 pm
Forum: Personal Finance (Not Investing)
Topic: PSA: For Term Life, Health IQ beat Term4Sale for me
Replies: 6
Views: 415

Re: PSA: For Term Life, Health IQ beat Term4Sale for me

So the difference is about $20/year. Since this will only work for people that qualify for Preferred Plus, it doesn't seem like it's going to make much of a difference overall...less than 10% of applicants qualify for Preferred Plus already.
by BruDude
Thu Jun 22, 2017 2:01 pm
Forum: Personal Finance (Not Investing)
Topic: PSA: For Term Life, Health IQ beat Term4Sale for me
Replies: 6
Views: 415

Re: PSA: For Term Life, Health IQ beat Term4Sale for me

So you're saying the rate with SBLI that you're paying is lower than the rate with SBLI on term4sale at Preferred Plus? That is correct. I am paying 2.9% less than the lowest offer on term4sale (Banner) and 4.3% less than SBLI was quoted on term4sale, both with preferred plus. Interesting, never he...
by BruDude
Thu Jun 22, 2017 1:46 pm
Forum: Personal Finance (Not Investing)
Topic: PSA: For Term Life, Health IQ beat Term4Sale for me
Replies: 6
Views: 415

Re: PSA: For Term Life, Health IQ beat Term4Sale for me

So you're saying the rate with SBLI that you're paying is lower than the rate with SBLI on term4sale at Preferred Plus?
by BruDude
Thu Jun 22, 2017 11:37 am
Forum: Personal Finance (Not Investing)
Topic: Determining appropriate amount of Life Insurance
Replies: 11
Views: 813

Re: Determining appropriate amount of Life Insurance

Thanks all, I'll take a look at Banner's policies and see what they offer. I do have long term disability insurance that covers me at 60% of my salary until age 65 if I get disabled. The policy is through my work though and if I were to obtain it on my own would cost over $500 a month. What is the ...
by BruDude
Thu Jun 22, 2017 10:35 am
Forum: Personal Finance (Not Investing)
Topic: Did I just get seriously ripped off?? (Car lease)
Replies: 54
Views: 4983

Re: Did I just get seriously ripped off?? (Car lease)

For the OP, you can learn a lot about BMW leasing and what a good deal is here on the Bimmerfest "Ask a Dealer" forum - http://www.bimmerfest.com/forums/forumdisplay.php?f=20
by BruDude
Thu Jun 22, 2017 10:24 am
Forum: Personal Finance (Not Investing)
Topic: Determining appropriate amount of Life Insurance
Replies: 11
Views: 813

Re: Determining appropriate amount of Life Insurance

Having four separate policies seems like a bit of excess. You would have four separate bills to pay, four separate claims to make in the event of death, four separate companies to notify of any changes to the policy, etc. Maybe try consolidating into one or two new policies. At your age, the coverag...
by BruDude
Thu Jun 22, 2017 10:13 am
Forum: Personal Finance (Not Investing)
Topic: Did I just get seriously ripped off?? (Car lease)
Replies: 54
Views: 4983

Re: Did I just get seriously ripped off?? (Car lease)

That deal sounds awful. Do your research. Plenty of leasing info on BMW message boards. Generally speaking, a good BMW lease deal is a monthly payment equal to 1% of the car's MSRP with $0 down and $0 due at signing with all taxes and fees rolled into the lease. 45% is also a horrible residual. I t...
by BruDude
Wed Jun 21, 2017 11:09 pm
Forum: Personal Finance (Not Investing)
Topic: Did I just get seriously ripped off?? (Car lease)
Replies: 54
Views: 4983

Re: Did I just get seriously ripped off?? (Car lease)

That deal sounds awful. Do your research. Plenty of leasing info on BMW message boards. Generally speaking, a good BMW lease deal is a monthly payment equal to 1% of the car's MSRP with $0 down and $0 due at signing with all taxes and fees rolled into the lease. 45% is also a horrible residual.
by BruDude
Wed Jun 21, 2017 12:23 pm
Forum: Personal Finance (Not Investing)
Topic: 20 pct bonus on fixed index annuity
Replies: 22
Views: 1259

Re: 20 pct bonus on fixed index annuity

hoops777 wrote:I do not have any specifics other than what I presented.I was assuming you can cash it in at the end of 10 years.


Don't assume that, it's probably a bad assumption...
by BruDude
Wed Jun 21, 2017 12:09 pm
Forum: Personal Finance (Not Investing)
Topic: 20 pct bonus on fixed index annuity
Replies: 22
Views: 1259

Re: 20 pct bonus on fixed index annuity

The annuity probably requires annuitization at the end of the 10 years to keep the bonus.
by BruDude
Tue Jun 20, 2017 10:04 pm
Forum: Personal Finance (Not Investing)
Topic: More Questions on DI Quotes
Replies: 4
Views: 576

Re: More Questions on DI Quotes

Thanks, BruDude. Why you said Guardian does have the best coverage? Is it because the strong language for physician? How's the language in Ohio National policy, especially the definition of own occupation or disability? Is it almost the same as Guardian? Just did this comparison for a client asking...
by BruDude
Tue Jun 20, 2017 11:35 am
Forum: Personal Consumer Issues
Topic: Does geico provide a decent homeowners insurance?
Replies: 11
Views: 1450

Re: Does geico provide a decent homeowners insurance?

They don't sell it. They broker it for other insurers like Travelers.
by BruDude
Tue Jun 20, 2017 11:26 am
Forum: Personal Finance (Not Investing)
Topic: Disability Insurance and (declining) Income
Replies: 5
Views: 680

Re: Disability Insurance and (declining) Income

wassabi wrote:I didn't know I could reduce the coverage amount after I had locked in coverage. Thanks for the replies!


You can always reduce your benefits, but you can only increase them by re-applying or using the future increase option rider.
by BruDude
Tue Jun 20, 2017 11:23 am
Forum: Personal Consumer Issues
Topic: is luxury car a smarter purchase?
Replies: 102
Views: 7042

Re: is luxury car a smarter purchase?

Read the Lexus forums and read about the money-pit stories with BMWs, Audis, and Mercedes. There are tons of refugees from these brands. And actually, you can pick up a used high-end Euro car for a low price because everyone knows about the high cost of maintaining these, along with their fragile m...
by BruDude
Tue Jun 20, 2017 11:14 am
Forum: Personal Finance (Not Investing)
Topic: More Questions on DI Quotes
Replies: 4
Views: 576

Re: More Questions on DI Quotes

Guardian does have the best coverage you can buy, no doubt about that. Whether it is worth the higher cost is a personal decision. IMO, when there is a 30-40% price difference versus another company that has excellent coverage, it is not. If they were within 10% of each other, I'd pay the higher pri...
by BruDude
Tue Jun 20, 2017 2:32 am
Forum: Personal Consumer Issues
Topic: Insulating Walls - Worth it?
Replies: 44
Views: 5392

Re: Insulating Walls - Worth it?

FWIW I live in a desert climate and had my air conditioning serviced recently and I asked the tech about blowing insulation in. He basically said it's a waste of money if you aren't going to live in the house for 10+ years since you won't recoup it fast enough and it's not going to make a big enough...
by BruDude
Tue Jun 20, 2017 2:21 am
Forum: Personal Consumer Issues
Topic: is luxury car a smarter purchase?
Replies: 102
Views: 7042

Re: is luxury car a smarter purchase?

Most German cars depreciate like a rock. The best car "investments" are limited number sports cars or ones with hard-to-find desirable options. I bought a Porsche 991S for a year ago that I could probably sell today for $15k more than I paid. I bought a different 991S last year from Carmax...
by BruDude
Mon Jun 19, 2017 2:48 pm
Forum: Personal Consumer Issues
Topic: Trying to save money on prescription drug
Replies: 28
Views: 1532

Re: Trying to save money on prescription drug

I have ordered from Northwest Pharmacy and had a good experience with it, received actual brand name meds at a heavily discounted price vs US cost. m Thanks for the link. How long have you been using this source? 1210 I've ordered from them twice, but had heard good things about them from others be...
by BruDude
Mon Jun 19, 2017 1:58 pm
Forum: Personal Consumer Issues
Topic: Trying to save money on prescription drug
Replies: 28
Views: 1532

Re: Trying to save money on prescription drug

I have ordered from Northwest Pharmacy and had a good experience with it, received actual brand name meds at a heavily discounted price vs US cost. https://www.northwestpharmacy.com/
by BruDude
Mon Jun 19, 2017 9:58 am
Forum: Personal Finance (Not Investing)
Topic: Disability Insurance and (declining) Income
Replies: 5
Views: 680

Re: Disability Insurance and (declining) Income

I have never heard of anyone being asked to reduce their level of DI because their salary decreased. On the other hand, you are limited to something like 0.6 of your current salary as the payout. I would go ahead and get a policy now- there is nothing stopping you from taking out a smaller amount t...
by BruDude
Wed Jun 14, 2017 5:15 pm
Forum: Personal Finance (Not Investing)
Topic: Genetic testing and insurance
Replies: 18
Views: 1810

Re: Genetic testing and insurance

Do genetic testing results (e.g., 23andme done at home, Genesight done through doctor's office) impact ability to get disability and life insurance? Does a condition you have an increased genetic risk for - increased risk only, not certain, in fact there is a dispute over whether the gene profile e...
by BruDude
Wed Jun 14, 2017 4:05 pm
Forum: Personal Finance (Not Investing)
Topic: Genetic testing and insurance
Replies: 18
Views: 1810

Re: Genetic testing and insurance

Do genetic testing results (e.g., 23andme done at home, Genesight done through doctor's office) impact ability to get disability and life insurance? Does a condition you have an increased genetic risk for - increased risk only, not certain, in fact there is a dispute over whether the gene profile e...
by BruDude
Thu Jun 08, 2017 1:48 pm
Forum: Personal Consumer Issues
Topic: Used 2013 Audi A5 or New Honda Accord Sport
Replies: 71
Views: 5736

Re: Used 2013 Audi A5 or New Honda Accord Sport

Once you go German, you don't go back....if you value luxury/performance over cheap maintenance that is. So keep that in mind.
by BruDude
Tue Jun 06, 2017 11:42 pm
Forum: Personal Finance (Not Investing)
Topic: Please comment on employer's long term disability insurance policy
Replies: 6
Views: 521

Re: Please comment on employer's long term disability insurance policy

One issue to consider is whether your employer's group long term disability policy will offset the benefit of your individual policy against the company benefit. We paid for a individual policy for 19 years only to discover the "hard way" that this benefit is calculated as an income offse...
by BruDude
Tue Jun 06, 2017 11:33 pm
Forum: Personal Finance (Not Investing)
Topic: Insurance Strategy Review - Soup to Nuts
Replies: 13
Views: 1416

Re: Insurance Strategy Review - Soup to Nuts

Full disclosure since you're new to the forum - I'm an insurance agent. Edit - had you confused with another poster, but still leaving the disclosure since you're asking for insurance advice. My advice would be to add $1-3M additional term insurance (probably on the higher end if taking out a $1.6M ...
by BruDude
Tue Jun 06, 2017 2:45 am
Forum: Personal Finance (Not Investing)
Topic: Please comment on employer's long term disability insurance policy
Replies: 6
Views: 521

Re: Please comment on employer's long term disability insurance policy

If your employer is paying for it then you probably can't opt out so the coverage doesn't really matter. When the employer is paying the premium with no opt-out, the amount of coverage you can purchase on an individual policy will be more limited. That said, it's a decent definition for a group pol...
by BruDude
Mon Jun 05, 2017 8:58 pm
Forum: Personal Finance (Not Investing)
Topic: Please comment on employer's long term disability insurance policy
Replies: 6
Views: 521

Re: Please comment on employer's long term disability insurance policy

If your employer is paying for it then you probably can't opt out so the coverage doesn't really matter. When the employer is paying the premium with no opt-out, the amount of coverage you can purchase on an individual policy will be more limited. That said, it's a decent definition for a group poli...
by BruDude
Mon Jun 05, 2017 12:08 am
Forum: Personal Finance (Not Investing)
Topic: Employer life insurance versus personal life insurance
Replies: 16
Views: 1105

Re: Employer life insurance versus personal life insurance

Why do you want to pay more for the same thing? Your employer's life insurance will increase in 5-year age bands, so your rates will go up at ages 50, 55, 60, etc. The HR department should be able to tell you what the cost will be at each age band. The price gets pretty steep as you get older. If yo...
by BruDude
Fri Jun 02, 2017 11:06 am
Forum: Personal Finance (Not Investing)
Topic: Term Life insurance with living benefits
Replies: 2
Views: 288

Re: Term Life insurance with living benefits

What you described is a rider that goes by many names, including the "accelerated death benefit rider", or "terminal illness rider", etc. Usually this rider is free on policies and I'm a little surprised your existing policy doesn't have it. If the additional insurance term is s...
by BruDude
Thu Jun 01, 2017 11:47 am
Forum: Personal Finance (Not Investing)
Topic: Disability insurance questions, is our agent correct?
Replies: 4
Views: 454

Re: Disability insurance questions, is our agent correct?

garlicpotato wrote:BruDude: Thank you very much! We have benefited tremendously from your posts in general, and from your disability insurance posts specifically, as we have worked through several personal finance issues over the past couple years.


You're welcome =)
by BruDude
Thu Jun 01, 2017 10:57 am
Forum: Personal Finance (Not Investing)
Topic: Disability insurance questions, is our agent correct?
Replies: 4
Views: 454

Re: Disability insurance questions, is our agent correct?

1. Provider Plus was replaced by Provider Choice in most states late last year - the Provider Choice product is more "flexible" and can be built to be better than the previous product, or to have reduced benefits to keep the cost lower and have benefits that look more like what some other ...