Search found 2624 matches

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: 890

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...
by BruDude
Sat Feb 17, 2018 10:17 am
Forum: Personal Finance (Not Investing)
Topic: Can I convert whole life back to term?
Replies: 16
Views: 890

Re: Can I convert whole life back to term?

No you can’t convert it back to term. Rheumatoid arthritis is still insurable. Rating depends on severity and treatment. Can possibly be as good as a Standard rating.
by BruDude
Thu Feb 15, 2018 1:24 pm
Forum: Personal Finance (Not Investing)
Topic: Supplemental disability insurance
Replies: 3
Views: 251

Re: Supplemental disability insurance

Are you able to opt out of the group policy? Doing that and maximizing your individual coverage is the most comprehensive option with the best coverage, albeit also the most expensive option. It appears that I can't. My company happens to be in the open enrollment period right now, and I see no way...
by BruDude
Thu Feb 15, 2018 12:04 am
Forum: Personal Finance (Not Investing)
Topic: Supplemental disability insurance
Replies: 3
Views: 251

Re: Supplemental disability insurance

Are you able to opt out of the group policy? Doing that and maximizing your individual coverage is the most comprehensive option with the best coverage, albeit also the most expensive option.
by BruDude
Thu Feb 15, 2018 12:02 am
Forum: Personal Finance (Not Investing)
Topic: Do we need disability insurance
Replies: 57
Views: 6735

Re: Do we need disability insurance

Thank you all! I got a revised quote for disability insurance. Principal costs $4,599/y for $6,515/mo. The quote reads, "Benefits continue while you remain totally disabled 5 years." Standard costs $5,068/y for $6,270/mo. The quote reads, "Maximum Benefit Period: 5 Years" Another broker found 5 yea...
by BruDude
Sat Feb 10, 2018 11:33 am
Forum: Personal Finance (Not Investing)
Topic: Physician disability insurance
Replies: 8
Views: 592

Re: Physician disability insurance

Too many variables....age/gender/specialty/optional riders/benefit period/elimination period. Honestly sounds a little low IMO...
by BruDude
Wed Jan 31, 2018 3:18 pm
Forum: Personal Finance (Not Investing)
Topic: Car Lease -- High Residual Value -- what am I missing?
Replies: 49
Views: 4425

Re: Car Lease -- High Residual Value -- what am I missing?

It is a 2017 Levante. I am not a car nut at all and have no idea how to fix anything on a car. It is not 0% down, but even when you add in the down-payment and divide it by the lease term, you are at less than 1%. They can give you the numbers with $0 down. You should never put money down on a leas...
by BruDude
Wed Jan 31, 2018 3:09 pm
Forum: Personal Finance (Not Investing)
Topic: Car Lease -- High Residual Value -- what am I missing?
Replies: 49
Views: 4425

Re: Car Lease -- High Residual Value -- what am I missing?

BMW used to be well known for inflating residual values and charging low interest rates to move cars, then bring them back under the CPO program when they were turned in. Times have changed a bit and lease deals generally aren't as good as they used to be, but in general I would say if you are payin...
by BruDude
Mon Jan 22, 2018 2:13 pm
Forum: Personal Finance (Not Investing)
Topic: Disability Insurance - Physician
Replies: 28
Views: 1911

Re: Disability Insurance - Physician

Where do Boglehead-physicians tend get their disability insurance? What are people's opinions about DI through the AMA? From what I read, it is important to ensure that we obtain DI that is occupation specific, has a COLA adjustment, and possibly has a partial disability clause. Is there anything e...
by BruDude
Wed Jan 03, 2018 6:39 pm
Forum: Personal Consumer Issues
Topic: Netflix, Your Current Favorite Show
Replies: 386
Views: 43019

Re: Netflix, Your Current Favorite Show

Peaky Blinders. Season 4 was awesome, Adrien Brody was a great addition
by BruDude
Sat Dec 30, 2017 5:52 pm
Forum: Personal Finance (Not Investing)
Topic: Another should i buy my dream porsche thread...
Replies: 240
Views: 11257

Re: Another should i buy my dream porsche thread...

Figured I'd chime in with a few thoughts... I have a 2010 Carrera S (997.2), acquired in October, 2014.... Now that I've got it out of my system, I'm considering selling both the Porsche and the Toyota and going back to a single vehicle. [/b] Pcarfan911 There's your answer. The 997.2's are the swee...
by BruDude
Sat Dec 30, 2017 5:27 pm
Forum: Personal Finance (Not Investing)
Topic: Disability Insurance Riders/Waivers
Replies: 11
Views: 621

Re: Disability Insurance Riders/Waivers

I *think* you're limited to 60% of salary, with the 60% being agnostic to tax. Ie, the insurance companies just ask whether the payout would be 60% of salary and don't care whether that amount gets taxed or not if distributed to you. The general rule is that if your employer pays the premium (ie do...
by BruDude
Fri Dec 29, 2017 12:30 pm
Forum: Personal Finance (Not Investing)
Topic: Another should i buy my dream porsche thread...
Replies: 240
Views: 11257

Re: Another should i buy my dream porsche thread...

I expect to find myself in a similar situation when I reach your age (I'm currently 32); solid net worth, combined income over $300K, etc. At that point, I will absolutely buy myself a toy. However, after DD'ing an M3 for a number of years, I'll keep my current DD and be looking in the $40K range f...
by BruDude
Thu Dec 28, 2017 2:38 pm
Forum: Personal Finance (Not Investing)
Topic: Another term life insurance question
Replies: 8
Views: 483

Re: Another term life insurance question

Since the term policies are so inexpensive, I would certainly have one just to remove any question of whether or not it is needed. The only question is whether to get the 300K or 700K. To allow for inflation until your youngest goes to college, I would opt for the larger amount. That buys you a gre...
by BruDude
Wed Dec 27, 2017 9:00 pm
Forum: Personal Finance (Not Investing)
Topic: Another should i buy my dream porsche thread...
Replies: 240
Views: 11257

Re: Another should i buy my dream porsche thread...

I have never met anyone that has regretted buying a Porsche, just those that wish they would have done it sooner. Or should’ve bought the more expensive model instead of the base. You really should go drive a 991.1S, a 991.1 GTS, 997.2 GTS, and 997 turbo before making a decision. Then you need to l...
by BruDude
Wed Dec 27, 2017 3:55 pm
Forum: Personal Finance (Not Investing)
Topic: Another should i buy my dream porsche thread...
Replies: 240
Views: 11257

Re: Another should i buy my dream porsche thread...

All great feedback thanks guys. For those who asked i have always been a car guy. Its my only vice. My last car was a 1965 Backdraft Cobra. Before that had M4 and Z4m Coupe. Sold the Cobra when the baby arrived. I am all for saving for the future. My father was the same way. Saved all his life for ...
by BruDude
Wed Dec 27, 2017 3:51 pm
Forum: Personal Finance (Not Investing)
Topic: Another should i buy my dream porsche thread...
Replies: 240
Views: 11257

Re: Another should i buy my dream porsche thread...

Why not start with a used car? Could go 5-10 years and get a nice enthusiast car for $30-40K, or a 3-4 year old certified car for $45-55K I would imagine. I've learned that I enjoy a used car as much as a new one, if not more; takes a little bit of the angst of the first rock-chip/door-ding away, a...
by BruDude
Wed Dec 27, 2017 3:19 pm
Forum: Personal Finance (Not Investing)
Topic: Another should i buy my dream porsche thread...
Replies: 240
Views: 11257

Re: Another should i buy my dream porsche thread...

Why not start with a used car? Could go 5-10 years and get a nice enthusiast car for $30-40K, or a 3-4 year old certified car for $45-55K I would imagine. I've learned that I enjoy a used car as much as a new one, if not more; takes a little bit of the angst of the first rock-chip/door-ding away, a...
by BruDude
Wed Dec 27, 2017 3:15 pm
Forum: Personal Finance (Not Investing)
Topic: Another should i buy my dream porsche thread...
Replies: 240
Views: 11257

Re: Another should i buy my dream porsche thread...

Don't buy a new 911, you will get killed on depreciation. Buy a 2012-2014 991S for $60-85k, their value is holding strong and probably will for a long time since they are the last of the NA engines. I bought a 2012 991S last June for $58k and I could probably sell it now for $65-70k.
by BruDude
Mon Dec 18, 2017 4:50 pm
Forum: Personal Finance (Not Investing)
Topic: Why You Took an Adjustable Rate Mortgage?
Replies: 43
Views: 3396

Re: Why You Took an Adjustable Rate Mortgage?

Halfvolley wrote:
Sun Dec 17, 2017 8:56 pm
I took a Penfed 5/5 30 year ARM at 2.75%

Reasons:
- 0 closing costs
- Breakeven of ~10 years compared to a 30 year fixed
- I planned to move in less than 10 years

I ended up selling the place a year or so before the rate adjusted.
x2
by BruDude
Mon Dec 04, 2017 3:37 pm
Forum: Personal Finance (Not Investing)
Topic: About to take out Term Life Insurance - Questions for Bogleheads
Replies: 13
Views: 1382

Re: About to take out Term Life Insurance - Questions for Bogleheads

Transamerica is not very competitive on price for younger/healthier people. If you are able to qualify for the best health rating, $1M 25-years for yourself would be $794 with American General and for your wife would be $493.99 with Banner. $1M 30 years would be $994 for yourself with American Gener...
by BruDude
Mon Dec 04, 2017 3:31 pm
Forum: Personal Finance (Not Investing)
Topic: Individual Disability Insurance - Benefit Increase Riders
Replies: 1
Views: 194

Re: Individual Disability Insurance - Benefit Increase Riders

Future Increase Options do not require evidence of insurability, that's the whole point of buying the FIO rider, only proof of income is required :happy A true FIO is more flexible than the benefit update/increase riders that you're referring to. For example, with Principal you get the option every ...
by BruDude
Wed Nov 29, 2017 6:13 pm
Forum: Personal Finance (Not Investing)
Topic: rental area in Las Vegas and suburbs
Replies: 5
Views: 814

Re: rental area in Las Vegas and suburbs

Summerlin is the place to be. 89128 89138 89135 89134 89144 are probably the most desirable zip codes.
by BruDude
Sun Nov 26, 2017 9:20 pm
Forum: Personal Finance (Not Investing)
Topic: Should I go with Group LTD or Individual LTD?
Replies: 8
Views: 818

Re: Should I go with Group LTD or Individual LTD?

Do it right and go with the individual. Also check rates with Ohio National. ON offers a 10% discount on DI if you also buy a $1.5M life insurance policy.
by BruDude
Sun Nov 19, 2017 1:25 pm
Forum: Personal Finance (Not Investing)
Topic: Do we need disability insurance
Replies: 57
Views: 6735

Re: Do we need disability insurance

You don't need it. If you see a condition coming on later in life go get a job at almost any company and you will have it. Starbucks for example for 3 months and you have it free. Get a cheap term life policy for 3 to 4 hundred a year you will have a half million dollar policy on say a 20 year leve...
by BruDude
Sun Nov 19, 2017 1:23 pm
Forum: Personal Finance (Not Investing)
Topic: Do we need disability insurance
Replies: 57
Views: 6735

Re: Do we need disability insurance

Thank you all! I am 45 and female. I'm a neurologist in CA. No, I haven't gotten quotes from anyone else; do you have any recommendations? I'm planning to call the AMA and the American Academy of Neurology. Thanks! Guardian might be cheaper in CA than Principal. Principal also limits the Recovery b...
by BruDude
Fri Nov 17, 2017 5:30 pm
Forum: Personal Finance (Not Investing)
Topic: Risks of Non-ACA Compliant Health Insurance?
Replies: 66
Views: 3336

Re: Risks of Non-ACA Compliant Health Insurance?

I would think there are some ACA-compliant health insurance companies you could find. Call up a doctor's office or two and talk to the person who handles insurance there. Ask what insurance(s) they accept that are ACA-compliant. Or look at the website for your state's department of insurance. Even ...
by BruDude
Fri Nov 17, 2017 5:24 pm
Forum: Personal Finance (Not Investing)
Topic: Risks of Non-ACA Compliant Health Insurance?
Replies: 66
Views: 3336

Re: Risks of Non-ACA Compliant Health Insurance?

"Anything you are diagnosed for must be treated within the same six-month period as it will be considered a pre-existing condition for whatever insurance you buy at the end of the short term period--including another short-term policy. So I'm not sure what you mean by "renewing" it. If something ha...
by BruDude
Fri Nov 17, 2017 3:21 pm
Forum: Personal Finance (Not Investing)
Topic: Risks of Non-ACA Compliant Health Insurance?
Replies: 66
Views: 3336

Re: Risks of Non-ACA Compliant Health Insurance?

Petersen and National General have short-term plans with national PPO networks that can be extended for up to 12 months. You have to buy a 3-month policy and then it can be renewed up to 3 times. If you are diagnosed with a pre-ex condition during one of those periods, it will be covered in the foll...
by BruDude
Sat Nov 11, 2017 9:43 pm
Forum: Personal Finance (Not Investing)
Topic: Do we need disability insurance
Replies: 57
Views: 6735

Re: Do we need disability insurance

I just got a quote for disability insurance w/the following specs: Principal $8,910 monthly benefit Non-cancelable coverage (premiums guaranteed to stay level) with benefits payable to your age 65 90-day elimination period Own-occupation definition of disability (protects income in your chosen prof...
by BruDude
Sun Oct 29, 2017 2:16 am
Forum: Personal Finance (Not Investing)
Topic: Appropriate Life Insurance in late 40’s – nearing retirement
Replies: 19
Views: 2084

Re: Appropriate Life Insurance in late 40’s – nearing retirement

So you want to take a $1M risk to save $3-4K over a period of 4 years...doesn’t seem too wise when you can easily afford it.
by BruDude
Thu Oct 26, 2017 2:11 am
Forum: Personal Finance (Not Investing)
Topic: Insurance company will not process policy due to "unknown" cause of death
Replies: 14
Views: 2517

Re: Insurance company will not process policy due to "unknown" cause of death

Cause of death doesn’t matter if the policy is that old. As someone mentioned above it might be an AD&D policy.
by BruDude
Wed Oct 25, 2017 1:32 pm
Forum: Personal Finance (Not Investing)
Topic: 2018 ACA rates now live....
Replies: 228
Views: 16427

Re: 2018 ACA rates now live....

Southeastern VA, 2 adults 62 and 61 Silver plan 2017 (PPO): 1640/mo Silver plan 2018 (HMO): 2850/mo Not same providers for both years since the 2017 insurer dropped out of the market leaving only one. Subsidy seems to have been adjusted to cover the increase for those who qualify. Just absurd...not...
by BruDude
Wed Oct 25, 2017 12:44 pm
Forum: Personal Finance (Not Investing)
Topic: 2018 ACA rates now live....
Replies: 228
Views: 16427

Re: 2018 ACA rates now live....

Our CA Bronze plan for two healthy 56 and 60 year olds went from $1110 a month to $1225 a month, which is a 10% increase. No subsidies. We will be fine :sharebeer Betsy CA seems to be the only state where rates haven't been hit by huge increases. $1200/mo for a Bronze plan for two people is still c...
by BruDude
Wed Oct 25, 2017 11:45 am
Forum: Personal Finance (Not Investing)
Topic: 2018 ACA rates now live....
Replies: 228
Views: 16427

2018 ACA rates now live....

https://www.healthcare.gov/see-plans/?utm_campaign=hcgov_ab&utm_content=english&utm_medium=email&utm_source=govdelivery Cliffs: Subsidy = good, no subsidy = you're about to be broke Sample rates: 55, 62, 22, 20, 16 year old in 24219 - cheapest plan $2,548.63/month 62 and 60 year old in 20120 - cheap...
by BruDude
Tue Oct 17, 2017 4:54 pm
Forum: Personal Finance (Not Investing)
Topic: Premier Choice being suggested by agent for health insurance
Replies: 21
Views: 12573

Re: Premier Choice being suggested by agent for health insurance

You must really understand all the moving parts. Their biggest problem is the agents. They lie about everything. You can have rider that you can exercise that limits out of pocket to 5000. However, you will have an additional premium of the lowest cost bronze plan you must pay till end of year then...
by BruDude
Tue Oct 17, 2017 4:31 pm
Forum: Personal Finance (Not Investing)
Topic: Premier Choice being suggested by agent for health insurance
Replies: 21
Views: 12573

Re: Premier Choice being suggested by agent for health insurance

I've just been quoted this for my wife and two kids who are downgrading from BCBS platinum since we had our daughter this past March. Found this thread and confronted agent about it. He claims Trumps executive order makes penalty null and void. Anyone shed light on this or is it total BS? Penalty s...
by BruDude
Wed Oct 11, 2017 3:53 pm
Forum: Personal Finance (Not Investing)
Topic: Term Life Insurance as an inheritance?
Replies: 10
Views: 617

Re: Term Life Insurance as an inheritance?

Hi, I was wondering if anyone continues their term-life insurance, even after they are financially independent and/or have retired? I was looking at term4sale.com, and for a 50-year-old male, a $1 million, 30-year term life costs about $2,500 to $3,000 per year. So, at the worst (or best?) case, he...
by BruDude
Wed Oct 04, 2017 5:50 pm
Forum: Personal Finance (Not Investing)
Topic: How much term life insurance is enough?
Replies: 11
Views: 1121

Re: How much term life insurance is enough?

If your income is $100k and you want income replacement, you are probably looking in the range of $1-3M depending on how much income you want to replace.
by BruDude
Mon Oct 02, 2017 10:02 am
Forum: Personal Finance (Not Investing)
Topic: LTD: need some eyeballs and explanations [Long Term Disability]
Replies: 3
Views: 524

Re: LTD: need some eyeballs and explanations [Long Term Disability]

20% bonus target (does it seem odd that they are basing the coverage on a part of my earnings that isn't guaranteed?) They will include bonus money as part of your income as long as the bonus has been paid at least two years in a row. It will either be averaged from the prior 2-3 years bonus amount...
by BruDude
Sun Oct 01, 2017 11:38 pm
Forum: Personal Finance (Not Investing)
Topic: Life insurance policy
Replies: 18
Views: 1058

Re: Life insurance policy

Almost there wrote:
Sun Oct 01, 2017 10:38 pm
I’m still just looking for a recommendation for an insurance company.
Without knowing anything about his health it’s hard to recommend a company...
by BruDude
Sun Oct 01, 2017 7:59 pm
Forum: Personal Finance (Not Investing)
Topic: Life insurance policy
Replies: 18
Views: 1058

Re: Life insurance policy

pintail07 wrote:
Sun Oct 01, 2017 7:48 pm
200,000 Preferred
Twenty year rate 1200 annually

Age 105 3500 annually
Most people don’t qualify for Preferred in their 60s
by BruDude
Sun Oct 01, 2017 4:14 pm
Forum: Personal Finance (Not Investing)
Topic: Life insurance policy
Replies: 18
Views: 1058

Re: Life insurance policy

Does anyone have a recommendation as to which insurance company to use? "good health" is pretty relative - people with diabetes and heart attacks tell me they're in "good health" all the time. The best approach is to work with an independent broker that can review his health history in more detail ...
by BruDude
Wed Sep 27, 2017 9:01 pm
Forum: Personal Finance (Not Investing)
Topic: I inherited a life insurance policy that is upside down?
Replies: 21
Views: 2348

Re: I inherited a life insurance policy that is upside down?

I'm pretty sure that you don't have to pay back the loan if you let the policy lapse. I don't know about the tax consequences, though. Dividends reduce the cost basis. If there is a loan against the policy and it lapses without being paid back then the tax on the gain would have to be paid. It’s po...
by BruDude
Wed Sep 27, 2017 3:07 pm
Forum: Personal Finance (Not Investing)
Topic: I inherited a life insurance policy that is upside down?
Replies: 21
Views: 2348

Re: I inherited a life insurance policy that is upside down?

I agree with the above poster with regards to cash surrender value--you usually can only borrow against cash value of the policy. I don't think you can go into the red to your own life insurance policy. That's what I thought. The policy would cease before going into the red. Not necessarily on a wh...
by BruDude
Wed Sep 27, 2017 1:01 pm
Forum: Personal Finance (Not Investing)
Topic: I inherited a life insurance policy that is upside down?
Replies: 21
Views: 2348

Re: I inherited a life insurance policy that is upside down?

Are you sure the actual cash value isn't $13,610 ($8,812 + $4,798) and the cash value shown is with the loan amount subtracted from the actual cash value? There are two different amounts - actual cash value and cash surrender value. The surrender value is what you would get if the policy was termina...
by BruDude
Tue Sep 26, 2017 4:39 pm
Forum: Personal Finance (Not Investing)
Topic: Need Help. Short term disability insurance for a solo / small business owner.
Replies: 6
Views: 768

Re: Need Help. Short term disability insurance for a solo / small business owner.

You aren't going to be able to do a small group plan with only one employee. There are no legitimate individual STD policies that include coverage for pregnancy. Mutual of Omaha is the only company I know of that sells an individual STD policy and it is very expensive (relative to the benefits provi...
by BruDude
Mon Sep 25, 2017 3:02 pm
Forum: Personal Finance (Not Investing)
Topic: Term 80 with Northwestern Mutual thinking of making the switch to Term 30
Replies: 6
Views: 1002

Re: Term 80 with Northwestern Mutual thinking of making the switch to Term 30

NWM's term premiums generally are not very competitive with other insurance companies. Banner Life will allow you to ladder a policy while only paying one policy fee instead of two. Might be a better option...
by BruDude
Fri Sep 22, 2017 6:17 pm
Forum: Personal Finance (Not Investing)
Topic: Life insurance - Your inputs please!
Replies: 9
Views: 727

Re: Life insurance - Your inputs please!

IMO, pay the $200/mo and do the right thing for your family. $200/mo for a $1M 20-year policy at your age is not that expensive. If you leave your employer and don't have a separate life insurance policy you could wind up screwed even more.