Search found 12 matches

by Mm8719
Fri Mar 15, 2019 8:53 am
Forum: Personal Finance (Not Investing)
Topic: Life insurance
Replies: 43
Views: 2705

Re: Life insurance

Captive companies like Amica and State Farm are not going to have competitive rates with a history of sleep apnea. They are very conservative with their underwriting. Somehow I missed the OPs part about sleep apnea...You are probably correct. Although a lot of the questions were in the last 5 years...
by Mm8719
Thu Mar 14, 2019 9:53 pm
Forum: Personal Finance (Not Investing)
Topic: Life insurance
Replies: 43
Views: 2705

Re: Life insurance

Check out Amica Insurance. I got an additional term policy with them recently in preparation of having baby #2. They were not the cheapest, but they were very competitive for me. I also got quotes with State Farm, Guardian, and term4sale ran several quotes...Amica was the lowest of the top rated co...
by Mm8719
Thu Mar 14, 2019 9:06 pm
Forum: Personal Finance (Not Investing)
Topic: Life insurance
Replies: 43
Views: 2705

Re: Life insurance

Check out Amica Insurance. I got an additional term policy with them recently in preparation of having baby #2. They were not the cheapest, but they were very competitive for me. I also got quotes with State Farm, Guardian, and term4sale ran several quotes...Amica was the lowest of the top rated com...
by Mm8719
Mon Feb 18, 2019 9:31 pm
Forum: Personal Investments
Topic: Employer plan at Ed Jones
Replies: 24
Views: 2779

Re: Employer plan at Ed Jones

I appreciate all the input. Sounds bad but I feel like I'm more confused now than when I started looking into this :confused

Part of me now says maybe I should just say screw it and stay with EJ in the no load American Funds.
by Mm8719
Mon Feb 18, 2019 9:24 pm
Forum: Personal Finance (Not Investing)
Topic: Return of Premium Term Life Insurance
Replies: 7
Views: 822

Re: Return of Premium Term Life Insurance

Thanks for the replies. You guys bring up valid points. I got additional quotes for what it'd be for just regular term. For a 20 year 500k term it's $330 a year. For $250k 20 year it's $220 a year. I'm getting a quote from another company currently that is showing $280 a year for $500k if I get thei...
by Mm8719
Sat Feb 16, 2019 10:38 pm
Forum: Personal Finance (Not Investing)
Topic: Return of Premium Term Life Insurance
Replies: 7
Views: 822

Re: Return of Premium Term Life Insurance

You would be signing up for 30 years of premium payments when you may only need about 20. The return of premium gimmick becomes a hook to keep you paying after you no longer need the insurance. Miss a payment along the way and the numbers look awful. I really don't see missing a payment being an is...
by Mm8719
Sat Feb 16, 2019 9:28 pm
Forum: Personal Investments
Topic: Employer plan at Ed Jones
Replies: 24
Views: 2779

Re: Employer plan at Ed Jones

They sent over a packet of info. I haven't had a chance to look through everything but from what I can tell I have to fill out paperwork work to open the account, and another to authorize them to reach out to EJ and transfer everything over. Then my employer will just have to start sending contribu...
by Mm8719
Sat Feb 16, 2019 8:41 pm
Forum: Personal Finance (Not Investing)
Topic: Return of Premium Term Life Insurance
Replies: 7
Views: 822

Return of Premium Term Life Insurance

As the subject suggests, I'm looking into purchasing life insurance. I realize return of Premium gets a bad rap, but hear me out... I've actually already got a policy that I purchased a couple years back. It is a 30 year term for 250k, $640 a year, return of Premium which ends up being about $19k at...
by Mm8719
Sat Feb 16, 2019 8:13 pm
Forum: Personal Investments
Topic: Employer plan at Ed Jones
Replies: 24
Views: 2779

Re: Employer plan at Ed Jones

Thanks for all the advice. I contacted Vanguard and they informed me that I can transfer over the Simple IRA at any time. I actually called back a few days later because I was skeptical of this. The second Vanguard rep at first said I'd have to wait, then stopped himself, put me on hold and after re...
by Mm8719
Sat Feb 02, 2019 11:58 am
Forum: Personal Investments
Topic: Employer plan at Ed Jones
Replies: 24
Views: 2779

Re: Employer plan at Ed Jones

Not sure, all I know is after I talked to my boss and told him I hadn't heard back on my email to EJ, my boss sent out a mass email saying to expect a call from the advisor to discuss our plan and the fees. 5 mins later the advisor was calling. So I assume everyone will at least be presented the opt...
by Mm8719
Sat Feb 02, 2019 11:41 am
Forum: Personal Investments
Topic: Employer plan at Ed Jones
Replies: 24
Views: 2779

Re: Employer plan at Ed Jones

Thanks so much for the replies. I reached out to my advisor and also spoke with my employer about this. My advisor had to do some research, but finally we spoke yesterday. He gave me great news, the plan uses the form 5304. Realizing now that I'm not happy with the fees, and that I am free to move t...
by Mm8719
Sat Jan 12, 2019 1:48 pm
Forum: Personal Investments
Topic: Employer plan at Ed Jones
Replies: 24
Views: 2779

Employer plan at Ed Jones

About a year ago I left my prior employer (very large corporation) to join a small family run organization. The switch has been a blessing for me and my family, although there is one issue that is a bit of a negative. My new employer has a Simple IRA plan through Edward Jones. When I left my prior e...