Search found 2673 matches

by BruDude
Tue Jun 19, 2018 8:39 pm
Forum: Personal Finance (Not Investing)
Topic: Long term care insurance
Replies: 2
Views: 350

Re: Long term care insurance

JoeRetire wrote:
Tue Jun 19, 2018 5:48 pm
Why were you declined?
X2. You can be declined for the life insurance policies that have LTC riders too. The reason for decline is pretty important in evaluating your options.
by BruDude
Tue Jun 19, 2018 8:37 pm
Forum: Personal Finance (Not Investing)
Topic: $1M Term Life Insurance
Replies: 10
Views: 949

Re: $1M Term Life Insurance

Cost depends on your age, gender, health, and how many years you want it guaranteed. At the rates you’re describing I am guessing you are probably in your 30s. Height/weight, prescriptions, health history, driving record, hazardous activities, etc will all be factored in to the rating class you’re a...
by BruDude
Sat Jun 09, 2018 12:56 am
Forum: Personal Finance (Not Investing)
Topic: PenFed rate reset?
Replies: 22
Views: 4904

Re: PenFed rate reset?

Glad I took advantage of this 2 months ago at 3.6%. Current rate is 4%. I could’ve had it as low as 3.1625% a couple months before that.
by BruDude
Fri Jun 08, 2018 12:18 pm
Forum: Personal Finance (Not Investing)
Topic: Keep two disability policies?
Replies: 7
Views: 467

Re: Keep two disability policies?

Definitely keep it
by BruDude
Fri Jun 01, 2018 1:53 pm
Forum: Personal Finance (Not Investing)
Topic: Disability insurance and age
Replies: 3
Views: 454

Re: Disability insurance and age

As you get older the company is only on the hook for a short time if you become disabled. Many policies pay only to age 65. Or perhaps a year or two for someone who kept working full time past that age. As far as I can tell, no one would sell an older person a policy that would pay for ten or twent...
by BruDude
Fri Jun 01, 2018 2:37 am
Forum: Personal Finance (Not Investing)
Topic: Disability insurance and age
Replies: 3
Views: 454

Re: Disability insurance and age

Yes, the premiums are much higher for someone age 60 than age 30, probably around 4 times the price. DI underwriting is also very conservative and finding a 60-year-old that can even qualify for DI in the first place is extremely rare. In most cases, someone that age will have health issues that req...
by BruDude
Thu May 31, 2018 6:33 pm
Forum: Personal Finance (Not Investing)
Topic: Term Life Insurance - Health Issue
Replies: 9
Views: 1030

Re: Term Life Insurance - Health Issue

I followed up regarding the test results and the cholesterol/LDL/HDL/Triglycerides were all high, so the rejection makes more sense now. I'm going to follow up with a doctor and have the tests results reconfirmed by them. It sounds like I need to make sure those health indicators are all in a norma...
by BruDude
Wed May 30, 2018 7:16 pm
Forum: Personal Finance (Not Investing)
Topic: Midland National [life insurance company]
Replies: 3
Views: 297

Re: Midland National [life insurance company]

Good company, wouldn't trust any "best life insurance companies" lists, they are probably just for SEO purposes. Any company with an A rating or better from AM Best should be perfectly fine for a term life policy.
by BruDude
Sat May 26, 2018 1:15 pm
Forum: Personal Finance (Not Investing)
Topic: Should parents renew life insurance?
Replies: 8
Views: 620

Re: Should parents renew life insurance?

Sounds like they still have a need for life insurance. I’d look into something like a $500k policy with a 10 or 15 year term period for him and maybe $250k for her. If they are in decently good health it shouldn’t be that expensive.
by BruDude
Sat May 26, 2018 1:13 pm
Forum: Personal Finance (Not Investing)
Topic: Term Life Insurance - has Surrender Value
Replies: 2
Views: 256

Re: Term Life Insurance - has Surrender Value

It’s a term policy on a UL chassis that’s designed to have $0 cash value every year. Don’t know how your surrender value can be more than the cash value, that doesn’t make sense.
by BruDude
Wed May 23, 2018 7:51 pm
Forum: Personal Finance (Not Investing)
Topic: LTC Insurance Evaluation
Replies: 5
Views: 524

Re: LTC Insurance Evaluation

That is an insanely good deal that will never be found again until the end of time. Keep it. That same policy today would probably cost around $8-10k per year.
by BruDude
Tue May 22, 2018 3:26 pm
Forum: Personal Finance (Not Investing)
Topic: Term Life Insurance - Health Issue
Replies: 9
Views: 1030

Re: Term Life Insurance - Health Issue

To add to my previous post, if you lose more than 10 pounds in one year, the insurance companies will all add back half of the lost weight for purposes of underwriting since they expect you to gain some of it back. So if you lose 100 pounds, they will still consider you to be 225 pounds even though ...
by BruDude
Tue May 22, 2018 12:56 pm
Forum: Personal Finance (Not Investing)
Topic: Term Life Insurance - Health Issue
Replies: 9
Views: 1030

Re: Term Life Insurance - Health Issue

What company declined you? 5'10" 275 is definitely an insurable height/weight, there must be another reason. Perhaps you had abnormal readings on your blood test or urine test? I show that height/weight as being a Table 1 rating with Prudential, Table 3-4 with most other companies. If you had nothin...
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: 803

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: 803

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: 962

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: 959

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: 672

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: 1696

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: 2124

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: 2124

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: 1973

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: 3030

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: 740

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: 740

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: 807

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: 487

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: 1424

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: 254

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: 254

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: 734

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: 657

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: 2124

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: 542

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: 341

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: 745

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: 416

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: 1615

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: 387

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: 387

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: 5922

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: 5922

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: 994

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: 243

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: 695

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: 677

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: 994

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: 994

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: 1004

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...