re: just got the call, I was denied term life insurance

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"over prescribing" pain meds

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popular and successful doctor,

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definitely computes

You still have kids in the house?

Dear Dr. Phil....

51 year old non tobacco user , 250k , 10 year term, SIMPLIFIED, one week approval, no exams, is $78.75. $105 a month would get you $340,578.

You are a 51 year old tobacco user? Damn son. Quit smoking, wait one year and reapply. See a doctor I that time as well for a checkup. Profit.

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51 year old non tobacco user , 250k , 10 year term, SIMPLIFIED, one week approval, no exams, is $78.75. $105 a month would get you $340,578.

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my smoking habit is plenty old enough to buy a drink, if it could even go to a bar anymore...

at the risk of sounding overreligious, isn't there a Bible verse that talks about how there is "nothing new under the sun"?

I’m a licensed agent and may be able to help.

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just got the call, I was denied term life insurance

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Few thoughts here:

1) Get routine annual physicals. If you care enough about your loved ones to get life insurance, get a damn physical so you don't let some possible underlying medical issue go untreated.

2) The insurance company requires you to have a Dr but did not require a paramed? Any term policy worth having (which is few) generally requires a paramed be done for underwriting. If it's a guaranteed issue which means they don't require underwriting (everyone is accepted), don't get it unless you have serious medical conditions and you cannot find coverage elsewhere.

3) Don't shop for this yourself. Find an experienced INDEPENDENT life insurance producer who represents many companies and can help you navigate this. There are tons of options, and while one company you know and have heard of may have a decent term policy that you think is great, I promise there's another company that you haven't heard of that has a better product for you.

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If it's a guaranteed issue which means they don't require underwriting (everyone is accepted), don't get it unless you have serious medical conditions and you cannot find coverage elsewhere.

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There is no such thing as a guaranteed six figure term policy. Just saying. Guaranteed applies to small final expense policies or accidental death policies. Maybe an oddball group policy here and there. Also, all term life policies require underwriting, it's just a matter of how much. Fully underwritten (exam bloodwork) or Simplified (answer questions and scrip check). Simplified policies are appropriate for many, many consumers, such as this one. Healthy people would do far better with underwritten policies. The price difference is generally +25-40%.

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As a point of fact life insurance carriers have not YET changed their underwriting criteria as a response to Coronavirus.

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I drug my feet, had I moved promptly, this policy would have been written

we are getting a carton today and quitting when it runs out (will save that $450 a month) and use that cash to make sure we don't run out of bourbon and wine...

I'm not worried, we are blessed financially (if I die, she will still make it, but would have to scale back a little)

in fact, the insurance salesman on the initial call was alarmed that I only wanted a 10 yr plan (told him that I'd have a paid for house and cash in the bank in 10 yrs, he seemed confused by that concept)

just enough to pay off house and give her a 2 or 3 yr cushion

my plan is to quit during this pandemic, get a physical in 3 or 4 months and get a non smoker policy with an exam

assuming the Chinese Flu doesn't get me that is...