Search found 2718 matches

by BruDude
Tue Sep 18, 2018 4:50 pm
Forum: Personal Consumer Issues
Topic: New SUV
Replies: 23
Views: 1539

Re: New SUV

I just leased a 2018 JL Wrangler for $368/mo including tax for a $39k MSRP car and I paid $0 up front, all taxes and fees were rolled into the lease. Buying the same car with a 60-month loan would’ve cost $700/month. I can also write off the entire lease payment since I’m self employed. Leasing isn...
by BruDude
Tue Sep 18, 2018 4:45 pm
Forum: Personal Consumer Issues
Topic: New SUV
Replies: 23
Views: 1539

Re: New SUV

I just leased a 2018 JL Wrangler for $368/mo including tax for a $39k MSRP car and I paid $0 up front, all taxes and fees were rolled into the lease. Buying the same car with a 60-month loan would’ve cost $700/month. I can also write off the entire lease payment since I’m self employed. Leasing isn...
by BruDude
Tue Sep 18, 2018 2:51 pm
Forum: Personal Consumer Issues
Topic: New SUV
Replies: 23
Views: 1539

Re: New SUV

I just leased a 2018 JL Wrangler for $368/mo including tax for a $39k MSRP car and I paid $0 up front, all taxes and fees were rolled into the lease. Buying the same car with a 60-month loan would’ve cost $700/month. I can also write off the entire lease payment since I’m self employed. Leasing isn’...
by BruDude
Tue Sep 18, 2018 2:48 pm
Forum: Personal Consumer Issues
Topic: Knights of Columbus LTC insurance??
Replies: 1
Views: 122

Re: Knights of Columbus LTC insurance??

LTC insurance at age 79 is going to be incredibly expensive relative to the benefits provided
by BruDude
Thu Sep 13, 2018 4:12 pm
Forum: Personal Finance (Not Investing)
Topic: Life Insurance
Replies: 13
Views: 1060

Re: Life Insurance

I agree with the above, American General is one of the best with diabetics and rated policies. A well-controlled average diabetic is going to get table B-D, usually 50-100% higher premium than standard rates. AG seems to offer some better rated options as long as the underlying base rate is competi...
by BruDude
Thu Sep 13, 2018 12:19 pm
Forum: Personal Finance (Not Investing)
Topic: Life Insurance
Replies: 13
Views: 1060

Re: Life Insurance

I finalized life insurance from Term4Sale (Protective) but still shopping for my wife's life insurance. She is diabetic. Are there any diabetic friendly life insurance companies? The quotes I got a quite high. Thank you, Depends on her age of onset, insulin use or oral meds only, her A1C reading, a...
by BruDude
Thu Sep 13, 2018 3:44 am
Forum: Personal Finance (Not Investing)
Topic: reevaluating our life insurance needs
Replies: 6
Views: 530

Re: reevaluating our life insurance needs

IMO, the amount of coverage is extremely low given your age, regardless of your income. Term life insurance is ridiculously cheap af your age. Take advantage of that. In all likelihood you should probably have at least $1m each. There isn’t enough information in your post to determine how much you r...
by BruDude
Wed Aug 22, 2018 10:16 am
Forum: Personal Finance (Not Investing)
Topic: Life Insurance - does this seem reasonable? (Added another ? about company)
Replies: 19
Views: 856

Re: Life Insurance - does this seem reasonable? (Added another ? about company)

It's impossible to say whether those rates are reasonable without knowing anything about either of your health histories and what company those quotes are from. I'm an insurance agent and I tell everyone the same thing too - "quotes are meaningless without an offer of coverage from the insurance co...
by BruDude
Wed Aug 22, 2018 10:03 am
Forum: Personal Finance (Not Investing)
Topic: Life Insurance - does this seem reasonable? (Added another ? about company)
Replies: 19
Views: 856

Re: Life Insurance - does this seem reasonable? (Added another ? about company)

It's impossible to say whether those rates are reasonable without knowing anything about either of your health histories and what company those quotes are from. I'm an insurance agent and I tell everyone the same thing too - "quotes are meaningless without an offer of coverage from the insurance com...
by BruDude
Fri Aug 17, 2018 3:15 pm
Forum: Personal Finance (Not Investing)
Topic: Disability Insurance - Total vs Partial/Residual Disability
Replies: 9
Views: 519

Re: Disability Insurance - Total vs Partial/Residual Disability

No experience, but I think I might go with insurance that addresses the particular employment niche or specialty - such as Physicians, Surgeons, etc. I suppose that there are some medical specialties where being "disabled" from some aspect may bot reduce income very much at all. The contract always...
by BruDude
Thu Aug 16, 2018 8:10 pm
Forum: Personal Finance (Not Investing)
Topic: Disability Insurance - Total vs Partial/Residual Disability
Replies: 9
Views: 519

Re: Disability Insurance - Total vs Partial/Residual Disability

You still want the partial rider. What happens when you have chronic back pain and are only working 20 hours instead of 50? You aren't totally disabled. Thanks BruDude. I found several sources (such as here and here ) that suggest I would qualify as totally disabled if I can't work full-time (I'm s...
by BruDude
Thu Aug 16, 2018 6:34 pm
Forum: Personal Finance (Not Investing)
Topic: Disability Insurance - Total vs Partial/Residual Disability
Replies: 9
Views: 519

Re: Disability Insurance - Total vs Partial/Residual Disability

Hi Everyone, I'm looking to buy disability insurance and have a question about total vs partial (residual) disabilities. California (and possibly other states) requires that the definition of total disability includes the phrase "reasonable continuity", which I understand to mean that if you can't ...
by BruDude
Mon Aug 06, 2018 2:03 pm
Forum: Personal Finance (Not Investing)
Topic: understanding term life industry
Replies: 3
Views: 309

Re: understanding term life industry

The agent fee is built into the price of the policy and although you may find a company that you can go directly through them vs an agent you will generally find it to be the same price. Just more money for the company. I used term 4 sale about a year ago. No issues. If anything you have an agent y...
by BruDude
Mon Aug 06, 2018 1:45 pm
Forum: Personal Finance (Not Investing)
Topic: understanding term life industry
Replies: 3
Views: 309

Re: understanding term life industry

I'm shopping for term life insurance and have shopped around on term4sale.com (as suggested by Bogleheads). However, this website and invariably others eventually just link me up with an independent agent. It is my (well informed) understanding that these independent agents are paid 60-80% of the y...
by BruDude
Sun Aug 05, 2018 5:26 pm
Forum: Personal Finance (Not Investing)
Topic: Dear BH, what are non-BH [financial] actions you do?
Replies: 71
Views: 4760

Re: Dear BH, what are non-BH actions you do?

I buy expensive sports cars that are expensive to maintain, expensive to fix, and expensive to modify. Worth every penny.
by BruDude
Sun Aug 05, 2018 4:42 pm
Forum: Personal Finance (Not Investing)
Topic: Baby on way: life insurance Qs
Replies: 27
Views: 1489

Re: Baby on way: life insurance Qs

You’re overthinking it, just keep it simple. Term life insurance is ridiculously cheap at your age. Buy a 30 year term policy on each of you for 10-20x income, have some peace of mind, and leave it at that. More importantly, make sure you have adequate disability insurance. If you only have coverage...
by BruDude
Sun Jul 29, 2018 4:52 pm
Forum: Personal Finance (Not Investing)
Topic: Air Conditioning? [How to finance?]
Replies: 76
Views: 5140

Re: Air Conditioning?

$7k seems reasonable depending on your square footage if you already have ductwork installed. I spent less than that in Atlanta where it gets much hotter. Completely depends on the size of the house....my house is 2200 square feet with separate units for upstairs and downstairs. Replacing both cond...
by BruDude
Sun Jul 29, 2018 4:49 pm
Forum: Personal Finance (Not Investing)
Topic: Air Conditioning? [How to finance?]
Replies: 76
Views: 5140

Re: Air Conditioning?

Check Angieslist and yelp, hire someone reputable, get at least 3 bids. My furnace just went out and since the units are 30 years old, everyone suggested replacing both the furnace and the condenser, which was too small for the size of the house already. I had a 2-ton condenser for the upstairs and ...
by BruDude
Sun Jul 29, 2018 4:31 pm
Forum: Personal Consumer Issues
Topic: Peloton spin bike worth the high cost?
Replies: 90
Views: 10475

Re: Peloton spin bike worth the high cost?

I own one, yes it is worth the money if you are willing to put in the time to use it. The workouts will kick your butt, I always feel great when I'm done. For what it's worth, in February 2017 I stepped on the scale and weighed 267 pounds, the heaviest I had ever been. I decided I needed to do somet...
by BruDude
Sun Jul 29, 2018 4:27 pm
Forum: Personal Finance (Not Investing)
Topic: Life Insurance for son and daughter-in-law
Replies: 58
Views: 3127

Re: Life Insurance for son and daughter-in-law

IMO this whole situation can be summed as don't be penny-wise and pound-foolish. We aren't talking major sums of money to buy these policies. For a young and presumably relatively healthy couple, the term insurance should be dirt cheap and eliminates all of the potential problems with unforeseen lif...
by BruDude
Sat Jul 28, 2018 8:50 pm
Forum: Personal Finance (Not Investing)
Topic: Life Insurance for son and daughter-in-law
Replies: 58
Views: 3127

Re: Life Insurance for son and daughter-in-law

$450k seems awfully light for a family with a combined income of $225k, even if they're almost debt free. They would be a very rare family indeed if they didn't depend on both spouse's income. To the extent that they do, more life insurance is needed on both of them. I'd get at least five times eac...
by BruDude
Thu Jul 26, 2018 8:23 pm
Forum: Personal Finance (Not Investing)
Topic: Why are some term life insurance quotes so different in price?
Replies: 13
Views: 1390

Re: Why are some term life insurance quotes so different in price?

MrsBDG wrote:
Thu Jul 26, 2018 7:20 pm
If the person putting info into Term4Sale.com clicks the box, then their info goes to three agents. It is true that some places you input your data will sell & resell & resell your info, not fun!
Correct, I think there is a "request application" box and your info only gets sent if you use that.
by BruDude
Thu Jul 26, 2018 5:46 pm
Forum: Personal Finance (Not Investing)
Topic: Why are some term life insurance quotes so different in price?
Replies: 13
Views: 1390

Re: Why are some term life insurance quotes so different in price?

I used term4sale before and the number matches with quotacy.com and policygenius.com I liked quotacy because they act like independent agent and takes no fees from the customer (same thing applies to policygenius but I chose quotacy back then). When I signed up, the insurance company did all the bl...
by BruDude
Thu Jul 26, 2018 12:12 pm
Forum: Personal Finance (Not Investing)
Topic: New job doesn't offer LTD so I'm looking into options.
Replies: 1
Views: 201

Re: New job doesn't offer LTD so I'm looking into options.

Disability insurance agent here - long story short, you get what you pay for. I took a look at their brochure, here's some things to consider: 1. The max coverage you can get from them is $7,500/month 2. They reserve the right to change benefits, pricing, and insurance companies at any time, so you ...
by BruDude
Tue Jul 24, 2018 10:33 pm
Forum: Personal Consumer Issues
Topic: Life insurance ?
Replies: 7
Views: 678

Re: Life insurance ?

Life insurance agent here. Lot of jumping to conclusions going on. It’s a term policy on a UL chassis. Works the same as a term policy. Pay your premiums and it will be guaranteed for the full 20 years. Insurance companies came up with these a few years ago because the reserve requirements are diffe...
by BruDude
Mon Jul 23, 2018 11:44 am
Forum: Personal Finance (Not Investing)
Topic: keep disability insurance while not working?
Replies: 7
Views: 483

Re: keep disability insurance while not working?

Just because you have a working spouse doesn’t mean you shouldn’t insure your income. How sad would you be if you went through 10 years of training to earn that six figure income and then became disabled before you ever had the chance to make some money? It would be very, terribly sad but it wouldn...
by BruDude
Mon Jul 23, 2018 11:15 am
Forum: Personal Finance (Not Investing)
Topic: New job: need my own short term and long term disability coverage
Replies: 2
Views: 202

Re: New job: need my own short term and long term disability coverage

Short term disability is basically non existent on the individual market and the only company that offers it is ridiculously expensive relative to the potential benefits. For long term disability you should be looking at Guardian, Ohio National, Ameritas, Principal, and Standard. Guardian has the be...
by BruDude
Mon Jul 23, 2018 11:12 am
Forum: Personal Finance (Not Investing)
Topic: keep disability insurance while not working?
Replies: 7
Views: 483

Re: keep disability insurance while not working?

does it make sense to hold on to her policy? if she decides not to work, we'll drop it clearly. even if she does go back full time in the future, i assume we can find a comparable policy, maybe at a higher cost. i make 3x what she would make; also, the likelihood of her depending upon any DI down t...
by BruDude
Mon Jul 23, 2018 10:38 am
Forum: Personal Finance (Not Investing)
Topic: keep disability insurance while not working?
Replies: 7
Views: 483

Re: keep disability insurance while not working?

Some policies allow you to suspend it for up to a year while unemployed. Maybe that’s an option while you’re deciding what to do. check your policy for details. DI underwriting is extremely conservative. I wouldn’t just assume she’ll be able to get another policy as you never know what may happen to...
by BruDude
Sat Jul 21, 2018 11:16 am
Forum: Personal Finance (Not Investing)
Topic: Life Insurance Premiums on Credit Card
Replies: 12
Views: 934

Re: Life Insurance Premiums on Credit Card

Some companies will accept a credit card for the first payment, but if you are paying monthly it has to be on automatic bank draft with most companies. If you are paying annually, it has be by check or bank draft with most. Very few companies allow unlimited CC payments.
by BruDude
Wed Jul 18, 2018 3:59 am
Forum: Personal Finance (Not Investing)
Topic: Term Life Insurance premium question
Replies: 7
Views: 813

Re: Term Life Insurance premium question

Check with an Independent insurance broker that will shop several companies for you based on your health, etc. Term4sale.com is an on-line place to at least get a quick estimate based on age and state, but you can also get a broker there as well. You want a LEVEL term for X years, not one that incr...
by BruDude
Tue Jul 17, 2018 9:27 pm
Forum: Personal Finance (Not Investing)
Topic: Term Life Insurance premium question
Replies: 7
Views: 813

Re: Term Life Insurance premium question

Some companies have policies that are only guaranteed for part of the term, though it is very uncommon. Effectively, you have a 10-year term policy based on the guarantees. Farm Bureau is generally not competitive on life insurance from what I have seen. "Captive" insurance companies like Farm Burea...
by BruDude
Fri Jul 13, 2018 12:33 pm
Forum: Personal Finance (Not Investing)
Topic: Help with No-Lapse Guarantee UL
Replies: 22
Views: 922

Re: Help with No-Lapse Guarantee UL

Thank you for the detailed explanation. Few follow-up questions 1. Is it correct to interpret that if the insured pays $93,760 in total premiums, the policy will pay guaranteed death benefit per table2. 2. Can the company change the total premium amount to be higher than $93,760? 3. How can I calcu...
by BruDude
Fri Jul 13, 2018 12:32 pm
Forum: Personal Finance (Not Investing)
Topic: Help with No-Lapse Guarantee UL
Replies: 22
Views: 922

Re: Help with No-Lapse Guarantee UL

1. UL policies are flexible, you can set up a limited-pay policy in which case no further premiums are due and it is guaranteed. That appears to be the case here. Most people use a lifetime pay because jamming a lifetime's worth of premiums into a 10-year period isn't something most people want to ...
by BruDude
Fri Jul 13, 2018 11:12 am
Forum: Personal Finance (Not Investing)
Topic: Help with No-Lapse Guarantee UL
Replies: 22
Views: 922

Re: Help with No-Lapse Guarantee UL

djpeteski wrote:
Fri Jul 13, 2018 11:09 am
nage234 wrote:
Fri Jul 13, 2018 10:16 am
Hello,

One of my good friend ... (Age 120)
Your friend is 120 years old? Life insurance typically expires at age 100.

See here:
https://www.moneytips.com/outliving-you ... nce-policy
NLGUL policies are typically guaranteed to age 120 or 121.
by BruDude
Fri Jul 13, 2018 11:12 am
Forum: Personal Finance (Not Investing)
Topic: Help with No-Lapse Guarantee UL
Replies: 22
Views: 922

Re: Help with No-Lapse Guarantee UL

1. UL policies are flexible, you can set up a limited-pay policy in which case no further premiums are due and it is guaranteed. That appears to be the case here. Most people use a lifetime pay because jamming a lifetime's worth of premiums into a 10-year period isn't something most people want to d...
by BruDude
Thu Jul 12, 2018 8:36 pm
Forum: Personal Finance (Not Investing)
Topic: Can't decline employer LTD policy. Should I buy up?
Replies: 9
Views: 1231

Re: Can't decline employer LTD policy. Should I buy up?

That's one of the benefits of having an individual policy - once the coverage is in force, the insurance company cannot change any terms of the policy. Thanks, so helpful! As I am looking at quotes with future increase options, it's clear they cannot require additional medical information or change...
by BruDude
Wed Jul 11, 2018 1:28 pm
Forum: Personal Finance (Not Investing)
Topic: Can't decline employer LTD policy. Should I buy up?
Replies: 9
Views: 1231

Re: Can't decline employer LTD policy. Should I buy up?

OP - the amount you can qualify for on a supplemental policy is going to depend on your income. With your employer's coverage being 60% and taxable benefits, you should still qualify for a reasonable amount of coverage on an individual policy. You can include a Future Increase Option rider at addit...
by BruDude
Tue Jul 10, 2018 12:41 pm
Forum: Personal Finance (Not Investing)
Topic: Can't decline employer LTD policy. Should I buy up?
Replies: 9
Views: 1231

Re: Can't decline employer LTD policy. Should I buy up?

OP - the amount you can qualify for on a supplemental policy is going to depend on your income. With your employer's coverage being 60% and taxable benefits, you should still qualify for a reasonable amount of coverage on an individual policy. You can include a Future Increase Option rider at additi...
by BruDude
Mon Jul 09, 2018 3:10 pm
Forum: Personal Finance (Not Investing)
Topic: disability insurance
Replies: 15
Views: 924

Re: disability insurance

Is it possible to negotiate a slightly higher salary in return for declining the employer LTD plan? Since you have the emergency fund, there is no need for STD. I have a rich LTD policy, and have never had STD. gasdoc 100% employer-paid LTD usually does not allow any employees to opt out, it is aut...
by BruDude
Sun Jul 08, 2018 8:21 pm
Forum: Personal Finance (Not Investing)
Topic: Term Life Without Medical Exam
Replies: 8
Views: 1300

Re: Term Life Without Medical Exam

What some people think is a minor issue can be very different from how an underwriter looks at it, especially if it’s an uncontrolled condition where they aren’t following doctors orders for treatment. Just because there’s no medical exam doesn’t mean there’s no medical records review. These policie...
by BruDude
Sun Jul 08, 2018 8:16 pm
Forum: Personal Finance (Not Investing)
Topic: disability insurance
Replies: 15
Views: 924

Re: disability insurance

Dont know if this applies to you, but if you are female and planning on having a child at some point, short term disability through your employer is sometimes a way to get income during a maternity leave. Only for 6 weeks and most employers require you to exhaust PTO first. So if you have 5 weeks o...
by BruDude
Sun Jul 08, 2018 8:15 pm
Forum: Personal Finance (Not Investing)
Topic: disability insurance
Replies: 15
Views: 924

Re: disability insurance

RickBoglehead wrote:
Sun Jul 08, 2018 5:56 pm
Drop it.
Whatever you do, don’t do this
by BruDude
Sun Jul 08, 2018 5:47 pm
Forum: Personal Finance (Not Investing)
Topic: disability insurance
Replies: 15
Views: 924

Re: disability insurance

Coordination of benefits means that if you keep your private policy, it will pay first and hence your employer's policy will not pay anything. Also employer's policy benefits would be taxable while your private policy benefits are tax free. Most employers disability policies only cover you for the ...
by BruDude
Sun Jul 08, 2018 3:39 pm
Forum: Personal Finance (Not Investing)
Topic: disability insurance
Replies: 15
Views: 924

Re: disability insurance

Keep your policy. The STD is too expensive relative to the benefits IMO. If you become disabled you can collect on both policies. They do not offset.
by BruDude
Tue Jun 19, 2018 8:39 pm
Forum: Personal Finance (Not Investing)
Topic: Long term care insurance
Replies: 7
Views: 1437

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: 14
Views: 1775

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: 30
Views: 6019

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: 554

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: 487

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...