Search found 2290 matches

by BruDude
Thu Sep 22, 2016 11:24 am
Forum: Personal Finance (Not Investing)
Topic: Dispute Life Insurance Rate/Rating?
Replies: 7
Views: 420

Re: Dispute Life Insurance Rate/Rating?

How confident are you that wife is entitled to the preferred rate from this insurance company or would qualify for the preferred rate with a different life insurance company? Based on my experience and anecdotal evidence, insurance companies like to advertise their lower 'preferred' rates to get mo...
by BruDude
Thu Sep 22, 2016 10:18 am
Forum: Personal Finance (Not Investing)
Topic: Dispute Life Insurance Rate/Rating?
Replies: 7
Views: 420

Re: Dispute Life Insurance Rate/Rating?

What's the medication/condition? If the agent is independent, their brokerage should be able to pre-screen this case with other insurance companies using the medical records on file and the results of the exam that was already done. Some agents do everything on their own though, which would make tha...
by BruDude
Wed Sep 21, 2016 10:33 am
Forum: Personal Finance (Not Investing)
Topic: Disability Insurance: Am I missing anything w/this exclusion?
Replies: 5
Views: 623

Re: Disability Insurance: Am I missing anything w/this exclusion?

If the diagnosis is correct, you're going to have an exclusion with every DI company. The good news is that Guardian limits the exclusion to the cervical spine - most companies would exclude the entire spine. I just had the same thing happen with another client that applied with both Guardian and Me...
by BruDude
Tue Sep 20, 2016 1:02 am
Forum: Personal Finance (Not Investing)
Topic: Pension Lump Sum - Age 32
Replies: 18
Views: 2044

Re: Pension Lump Sum - Age 32

I'd take the cash in hand. 33 years is a long ways away.
by BruDude
Mon Sep 19, 2016 11:51 am
Forum: Personal Finance (Not Investing)
Topic: Help me to understand employer DI
Replies: 7
Views: 595

Re: Help me to understand employer DI

Pretty bad policy overall. Negatives: -Caps benefits at $5k/month maximum -Maximum benefit of 5 years only (most group policies pay to age 65, which should be your target for either individual or group DI) -Benefits are reduced by other sources of income -Have to be earning under $100k. It's not cle...
by BruDude
Fri Sep 16, 2016 12:32 pm
Forum: Personal Finance (Not Investing)
Topic: Prepaid LTC Insurance to Lock in Costs
Replies: 20
Views: 964

Re: Prepaid LTC Insurance to Lock in Costs

i'm sure she told me that they had 25 or 30 years of experience. but it doesn't look like it from that article. what do you mean by "all of the other companies are jumping ship"? Most LTC insurers are jacking up premiums, limiting benefits, making underwriting tougher, or exiting the mark...
by BruDude
Fri Sep 16, 2016 12:07 pm
Forum: Personal Finance (Not Investing)
Topic: Prepaid LTC Insurance to Lock in Costs
Replies: 20
Views: 964

Re: Prepaid LTC Insurance to Lock in Costs

I looked up National General and they appear to be a smaller mutual company that specializes in final expense whole life policies through Settlers, which I have heard of. They apparently just started selling LTC policies a couple of months ago, which makes me wonder if they know what they are getti...
by BruDude
Fri Sep 16, 2016 11:57 am
Forum: Personal Finance (Not Investing)
Topic: Prepaid LTC Insurance to Lock in Costs
Replies: 20
Views: 964

Re: Prepaid LTC Insurance to Lock in Costs

I looked up National General and they appear to be a smaller mutual company that specializes in final expense whole life policies through Settlers, which I have heard of. They apparently just started selling LTC policies a couple of months ago, which makes me wonder if they know what they are getti...
by BruDude
Fri Sep 16, 2016 11:42 am
Forum: Personal Finance (Not Investing)
Topic: Prepaid LTC Insurance to Lock in Costs
Replies: 20
Views: 964

Re: Prepaid LTC Insurance to Lock in Costs

I looked up National General and they appear to be a smaller mutual company that specializes in final expense whole life policies through Settlers, which I have heard of. They apparently just started selling LTC policies a couple of months ago, which makes me wonder if they know what they are gettin...
by BruDude
Fri Sep 16, 2016 11:37 am
Forum: Personal Consumer Issues
Topic: Any Porsche 911 owners here?
Replies: 118
Views: 11255

Re: Any Porsche 911 owners here?

Sport chrono is a must for any PDK car since it gets you the Sport and Sport Plus modes. It's also a huge boost to resale value. Most guys won't even look at a used PDK car that doesn't have SC. IMO, the most desirable options are Sport Chrono, Sport Exhaust, PDCC, full leather interior (makes a hu...
by BruDude
Fri Sep 16, 2016 11:33 am
Forum: Personal Finance (Not Investing)
Topic: Prepaid LTC Insurance to Lock in Costs
Replies: 20
Views: 964

Re: Prepaid LTC Insurance to Lock in Costs

That article appears to assume that premiums are being paid with after-tax dollars. Here's a statement from the AALTCI page: A self-employed individual can deduct 100% of his/her out-of-pocket long-term care insurance premiums, up to the Eligible Premium amounts listed above [IRC 162(l)]. The portio...
by BruDude
Thu Sep 15, 2016 10:36 pm
Forum: Personal Finance (Not Investing)
Topic: Prepaid LTC Insurance to Lock in Costs
Replies: 20
Views: 964

Re: Prepaid LTC Insurance to Lock in Costs

Never heard of that company. If the insured is deducting the premiums as a business expense then the benefits should become taxable when paid out. I'm not a CPA but I'd certainly suggest they confirm with one how the benefits will be taxed under their arrangement. I don't understand your logic. whe...
by BruDude
Thu Sep 15, 2016 10:25 pm
Forum: Personal Finance (Not Investing)
Topic: Prepaid LTC Insurance to Lock in Costs
Replies: 20
Views: 964

Re: Prepaid LTC Insurance to Lock in Costs

Anyone do this now or have done research re: pros/cons? Read in Barrons recently about their increasing popularity given the uncertainly of future premiums (plus the prospect of lower returns in the future for self insurers). my gf in philly bought one with her husband a few weeks ago. they pay the...
by BruDude
Thu Sep 15, 2016 8:43 pm
Forum: Personal Finance (Not Investing)
Topic: Prepaid LTC Insurance to Lock in Costs
Replies: 20
Views: 964

Re: Prepaid LTC Insurance to Lock in Costs

Anyone do this now or have done research re: pros/cons? Read in Barrons recently about their increasing popularity given the uncertainly of future premiums (plus the prospect of lower returns in the future for self insurers). my gf in philly bought one with her husband a few weeks ago. they pay the...
by BruDude
Thu Sep 15, 2016 3:53 pm
Forum: Personal Finance (Not Investing)
Topic: Prepaid LTC Insurance to Lock in Costs
Replies: 20
Views: 964

Re: Prepaid LTC Insurance to Lock in Costs

I don't think any LTC insurance companies even offer a short-pay structure anymore. People that bought single-pay and 10-pay policies in the past got a really good deal.
by BruDude
Thu Sep 15, 2016 1:19 pm
Forum: Personal Consumer Issues
Topic: Any Porsche 911 owners here?
Replies: 118
Views: 11255

Re: Any Porsche 911 owners here?

good to know about resale but i keep my cars for a long time. my current car is 11 years old. will probably keep the next one for about as long. i don't drive a ton, 76k on the current one. the interior cabin on the current panameras feels pretty dated to me. just personal opinion i guess. the majo...
by BruDude
Thu Sep 15, 2016 12:36 pm
Forum: Personal Consumer Issues
Topic: Any Porsche 911 owners here?
Replies: 118
Views: 11255

Re: Any Porsche 911 owners here?

thanks - the new panamera looks great to me too. the interior looks the best to me in comparison to any other car i've looked at and i love the exterior revisions. i was hoping to figure something out by the end of the year but i don't think the panameras start arriving at dealers until january. an...
by BruDude
Thu Sep 15, 2016 12:03 pm
Forum: Personal Consumer Issues
Topic: Purchase '98 Toyota Camry?
Replies: 40
Views: 4658

Re: Purchase '98 Toyota Camry?

My first car was a 97 Corolla that went through 5 car accidents, minimal routine maintenance (didn't know how to take care of a car at 16), and still soldiered on like a champ. Held its value too, my parents sold it for slightly less than they paid for it after three years, 40k miles, 5 accidents. I...
by BruDude
Thu Sep 15, 2016 10:22 am
Forum: Personal Consumer Issues
Topic: Any Porsche 911 owners here?
Replies: 118
Views: 11255

Re: Any Porsche 911 owners here?

I am waiting for the 997.2 Turbo PDK Cab (Porsche lingo for really fast flappy paddle convertible) to hit the bottom of the depreciation curve. 2010 was the first year for that model. I am guessing about 2018-19 will be about right. This way I can keep my Boglehead credentials and my car guy creden...
by BruDude
Wed Sep 14, 2016 11:41 am
Forum: Personal Finance (Not Investing)
Topic: Insane CPA bill, please advise
Replies: 23
Views: 4372

Re: Insane CPA bill, please advise

Offer them $21.00.
by BruDude
Wed Sep 14, 2016 11:36 am
Forum: Personal Finance (Not Investing)
Topic: Term-life suggestions
Replies: 18
Views: 1101

Re: Term-life suggestions

Lincoln is a very good company. $300k sounds like a pretty low benefit amount for your age. Try playing around with this needs calculator a bit - http://www.lifehappens.org/insurance-ov ... our-needs/
by BruDude
Wed Sep 14, 2016 11:08 am
Forum: Personal Finance (Not Investing)
Topic: Denied Term Life Insurance/A Reminder to Get Your House in Order
Replies: 38
Views: 3289

Re: Denied Term Life Insurance/A Reminder to Get Your House in Order

Without knowing the condition and the associated complication it's hard to say if/when you may be able to qualify for coverage again, but for a lot of issues likes this, if you can get past a certain timeframe with no complications or showing improvement (usually 12-24 months), the insurance compani...
by BruDude
Tue Sep 13, 2016 4:00 am
Forum: Personal Finance (Not Investing)
Topic: Long term care rate increase
Replies: 21
Views: 1902

Re: Long term care rate increase

celia wrote:It's not that low when you consider she started the policy at age 35. She will be paying the premium for many more years compared to someone who starts in her 50s.


Yes, it is that low. I've never seen a $200/year premium for those kind of benefits that wasn't employer-subsidized.
by BruDude
Tue Sep 13, 2016 1:45 am
Forum: Personal Finance (Not Investing)
Topic: Long term care rate increase
Replies: 21
Views: 1902

Re: Long term care rate increase

That is a ridiculously low premium. Even if it goes up 500% it would still be dirt cheap.
by BruDude
Mon Sep 12, 2016 10:51 am
Forum: Personal Finance (Not Investing)
Topic: Too much life insurance?
Replies: 99
Views: 4562

Re: Too much life insurance?

lol @ "trying to con the OP" - come on now. OP sounds like they were given both options and allowed to decide what they feel is best, that's what an agent is supposed to do. Look up the phrase "conflict of interest". Which option pays the agent more? You are extremely naïve if y...
by BruDude
Mon Sep 12, 2016 9:14 am
Forum: Personal Finance (Not Investing)
Topic: Too much life insurance?
Replies: 99
Views: 4562

Re: Too much life insurance?

UL will not pay out $1M in 30 years. It might pay out $1M in 50 years, or might not. Did you look at the assumptions? This salesperson is conning you. Run away, fast. I am still working on these numbers. I got 2 quotes: 1M 30 year term life for $120 a month OR universal life for 1M for 65 years or ...
by BruDude
Sun Sep 11, 2016 1:02 am
Forum: Personal Finance (Not Investing)
Topic: Cannot by LTD - Public Sector - Help!
Replies: 5
Views: 562

Re: Cannot by LTD - Public Sector - Help!

The agents you have spoken with are correct. I'd buy what you can get.
by BruDude
Thu Sep 08, 2016 12:59 pm
Forum: Personal Consumer Issues
Topic: Free Windows 10 Upgrade, Yes or No?
Replies: 533
Views: 65296

Re: Free Windows 10 Upgrade, Yes or No?

Maybe it's because I got a new laptop that's blazing fast, but Windows 10 seems to be a big leap over previous gens, especially my old garbage Windows 8 platform from the prior laptop.
by BruDude
Thu Sep 08, 2016 11:04 am
Forum: Personal Consumer Issues
Topic: Any Porsche 911 owners here?
Replies: 118
Views: 11255

Re: Any Porsche 911 owners here?

^^^^ that thing is sick dude!!!!! congrats. the exact color combo I want... I assume you're a Rennlister? Did you buy it from a member off the site? Thanks, it is a pretty badass ride, feels special every time I step into it. I am a Rennlister but didn't buy it off the site, don't think a RL poster...
by BruDude
Thu Sep 08, 2016 10:37 am
Forum: Personal Consumer Issues
Topic: Any Porsche 911 owners here?
Replies: 118
Views: 11255

Re: Any Porsche 911 owners here?

I bought a 991S with full TechArt kit a few months ago and couldn't be happier with it. Got a really, really good deal (under $60k) on a very loaded car that will allow me to drive it for a few years and sell it for close to what I paid for it, maybe more if the market decides that N/A engines are p...
by BruDude
Tue Aug 30, 2016 12:22 pm
Forum: Personal Finance (Not Investing)
Topic: Life Insurance Scam? Help me understand...
Replies: 23
Views: 1841

Re: Life Insurance Scam? Help me understand...

lol @ this guy's video. He's obviously a really good salesman, but the stuff being spewed out of his mouth is just so absurd. His kids are going to buy a $10 million policy? Their kids are going to buy a $30 million policy? He's definitely going to die by 75? Everyone will qualify for Preferred Plus...
by BruDude
Mon Aug 29, 2016 9:40 pm
Forum: Personal Finance (Not Investing)
Topic: Disability insurance
Replies: 3
Views: 396

Re: Disability insurance

I don't think you'll be able to get $4500/month in individual coverage when you have $10k/month in force on a group policy and a $150k income. I just got a new laptop and don't have all the software set up yet to run a quote, but I'd be surprised if the amount you can get is more than $2-3k/month. A...
by BruDude
Mon Aug 22, 2016 1:33 pm
Forum: Personal Consumer Issues
Topic: Health Insurance Puzzle: how should I understand this?
Replies: 30
Views: 2446

Re: Health Insurance Puzzle: how should I understand this?

I agree this is a problem and patients are put in a bad position. There are 7 doctors in my specialty at my hospital and none of them are in-network with any medical plans. The hospital is not willing to pay us. If we were not at the hospital, then those services simply would not be available. Damn...
by BruDude
Mon Aug 22, 2016 1:20 pm
Forum: Personal Consumer Issues
Topic: Health Insurance Puzzle: how should I understand this?
Replies: 30
Views: 2446

Re: Health Insurance Puzzle: how should I understand this?

Like most independent docs, I work IN the hospital but I don't work FOR the hospital. I am on the call schedule because most hospitals require this in return for admitting privileges to bring our own patients to the hospital electively. For the things I get called on, insurance pays pennies on the ...
by BruDude
Mon Aug 22, 2016 1:16 pm
Forum: Personal Consumer Issues
Topic: Health Insurance Puzzle: how should I understand this?
Replies: 30
Views: 2446

Re: Health Insurance Puzzle: how should I understand this?

This has nothing to do with the insurance companies - it has to do with the providers not being willing to accept insurance, and the hospitals/facilities not requiring their contracted physicians to take the same insurance that the hospital itself takes. Doctors can't be forced to accept insurance ...
by BruDude
Mon Aug 22, 2016 1:02 pm
Forum: Personal Finance (Not Investing)
Topic: Homeowners should consider flood insurance
Replies: 78
Views: 6569

Re: Homeowners should consider flood insurance

Glad I live in the desert! Dealing with this kind of stuff must be a nightmare for those unprepared for it. When I lived in VA, we had an earthquake and many homes had significant damage that wasn't covered by their homeowners insurance. The State Farm agent said that apparently my dad was the only...
by BruDude
Mon Aug 22, 2016 1:00 pm
Forum: Personal Consumer Issues
Topic: Health Insurance Puzzle: how should I understand this?
Replies: 30
Views: 2446

Re: Health Insurance Puzzle: how should I understand this?

This has EVERYTHING to do with insurance companies. You skipped over my last post where I explained how they do this. You're actually recommending that providers should be forced to accept whatever a 3rd party feels like giving them? Can we do this same in your profession? You have to just accept w...
by BruDude
Mon Aug 22, 2016 11:03 am
Forum: Personal Finance (Not Investing)
Topic: Please, please advise...Health insurance terminated by insurance company
Replies: 45
Views: 3381

Re: Please, please advise...Health insurance terminated by insurance company

All the individual insurance companies in my area do not accept CC autopay. Monthly autopay has to be bank draft. Not sure if it was your case or not. Do contact your insurance commissioner if you think they're in the wrong. I do know that your healthcare.gov plan would automatically cancel after n...
by BruDude
Mon Aug 22, 2016 10:56 am
Forum: Personal Finance (Not Investing)
Topic: Homeowners should consider flood insurance
Replies: 78
Views: 6569

Re: Homeowners should consider flood insurance

Glad I live in the desert! Dealing with this kind of stuff must be a nightmare for those unprepared for it. When I lived in VA, we had an earthquake and many homes had significant damage that wasn't covered by their homeowners insurance. The State Farm agent said that apparently my dad was the only ...
by BruDude
Mon Aug 22, 2016 10:51 am
Forum: Personal Finance (Not Investing)
Topic: Please, please advise...Health insurance terminated by insurance company
Replies: 45
Views: 3381

Re: Please, please advise...Health insurance terminated by insurance company

When you go through HC.gov, the insurance company can't do anything to reinstate the policy on their own. You need to appeal the decision with HC.gov and they have to send the file back to the insurance company instructing them to reinstate the policy. Speak with a supervisor, explain the situation,...
by BruDude
Mon Aug 22, 2016 10:46 am
Forum: Personal Consumer Issues
Topic: Health Insurance Puzzle: how should I understand this?
Replies: 30
Views: 2446

Re: Health Insurance Puzzle: how should I understand this?

As a physician, I am sick and tired of how many times our patients get thrown this kind of curve ball. I hear at least one or two of these horror stories every week. The insurance companies have to get their act together in this regard: either expand their networks or agree on a patient's best poss...
by BruDude
Mon Aug 22, 2016 10:38 am
Forum: Personal Consumer Issues
Topic: Life insurance: approved by 2 companies. Can I negotiate premium?
Replies: 8
Views: 1124

Re: Life insurance: approved by 2 companies. Can I negotiate premium?

I don't think you will have much luck. Insurance companies generally have to file their rates with the state insurance commission and then stick with them. An agent could offer to rebate some of their commission back to you but this is illegal in most (all?) localities. It is really hard to general...
by BruDude
Thu Aug 18, 2016 1:34 pm
Forum: Personal Consumer Issues
Topic: Home warranty of choice?
Replies: 13
Views: 873

Re: Home warranty of choice?

Old Republic home warranty was decent. Youre better off finding good contractors through angieslist & nextdoor.com Old Republic is the only home warranty worth buying. When I rented they were incredibly easy to work with and never denied a claim once (we had at least 8 claims, maybe 10 in the r...
by BruDude
Wed Aug 17, 2016 2:51 pm
Forum: Personal Finance (Not Investing)
Topic: High Net Worth Life Insurance Questions
Replies: 42
Views: 2617

Re: High Net Worth Life Insurance Questions

Even if the bulk of the estate is in fairly liquid financial assets, it still makes a lot of sense to have a life insurance policy cover this liability. The estate would likely incur extra taxes (realizing gains, etc) just to pay the estate tax itself. Also, your estate assets might be pretty liqui...
by BruDude
Wed Aug 17, 2016 2:46 pm
Forum: Personal Finance (Not Investing)
Topic: High Net Worth Life Insurance Questions
Replies: 42
Views: 2617

Re: High Net Worth Life Insurance Questions

I understand your point. Whether it makes sense to buy the life insurance policy certainly depends on age and health - as I said, for a 50-year-old couple with health problems, it would be much more expensive to buy the insurance policy. The $23k per year premium was pulled directly from the insura...
by BruDude
Wed Aug 17, 2016 2:10 pm
Forum: Personal Finance (Not Investing)
Topic: High Net Worth Life Insurance Questions
Replies: 42
Views: 2617

Re: High Net Worth Life Insurance Questions

This was my initial reaction as well, but I figured that there were benefits to using a UL policy to pay off the estate tax bill that I overlooked. I'd obviously prefer to put the money I'd be paying in premiums to work by investing it if possible. The benefit of the UL policy within a ILIT is that...
by BruDude
Wed Aug 17, 2016 2:09 pm
Forum: Personal Finance (Not Investing)
Topic: High Net Worth Life Insurance Questions
Replies: 42
Views: 2617

Re: High Net Worth Life Insurance Questions

Even if the bulk of the estate is in fairly liquid financial assets, it still makes a lot of sense to have a life insurance policy cover this liability. The estate would likely incur extra taxes (realizing gains, etc) just to pay the estate tax itself. Also, your estate assets might be pretty liqui...
by BruDude
Wed Aug 17, 2016 2:05 pm
Forum: Personal Finance (Not Investing)
Topic: High Net Worth Life Insurance Questions
Replies: 42
Views: 2617

Re: High Net Worth Life Insurance Questions

To give you an example, let's assume you and spouse are both in great health and qualify for the best health rating on your life insurance. A $10M second-to-die policy guaranteed for life would be around $23,000 per year in premiums. If you both live for 50 years, you've paid a little over $1M in p...
by BruDude
Wed Aug 17, 2016 2:03 pm
Forum: Personal Finance (Not Investing)
Topic: High Net Worth Life Insurance Questions
Replies: 42
Views: 2617

Re: High Net Worth Life Insurance Questions

I'd stick to a term policy that covers your younger earning years. Whole life from an investment perspective rarely makes sense unless you die early or your estate needs liquidity to pay taxes due to holding illiquid assets. Don't buy the old belief that you need a ILIT to cover your estate tax lia...
by BruDude
Wed Aug 17, 2016 12:15 pm
Forum: Personal Finance (Not Investing)
Topic: High Net Worth Life Insurance Questions
Replies: 42
Views: 2617

Re: High Net Worth Life Insurance Questions

I'd stick to a term policy that covers your younger earning years. Whole life from an investment perspective rarely makes sense unless you die early or your estate needs liquidity to pay taxes due to holding illiquid assets. Don't buy the old belief that you need a ILIT to cover your estate tax lia...

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