re: Where is the best place to buy a big life insurance policy from ?

Posted by Zilla

Member since Jul 2005

10653 posts

Posted on 11/17/10 at 4:10 pm to Tigerpaw123

quote:
Get the insurance now, then if you loose the weight they should re rate you if you pay for the medical exam, if not then you could just replace it with another policy. By doing this you are insured and if something big changes in your medical history you still have insurance, if you do not get something now, try to loose the weight (it is holiday time) something weird happen and you get diagnosed, you may become un insurable.

as for which companies... do you belong to any professional orginzations? They sometimes have great deals, also look for strong companies, I choose New York Life. Now is also a good time to look at long-term disablity insurance

Thank you

2 ...

Posted by jmtigers

1826.71 miles from USC

Member since Sep 2003

4992 posts

Posted on 11/17/10 at 4:18 pm to Zilla

USAA / 250,000 / 30 year term and I'm paying around $40. Seems high from what everyone else is saying. I did tell them i smoke stoggies a couple of times a month, but i had no nicotine on my med exam. At least USAA should be able to pay up.

Posted by Tigerpaw123

Louisiana

Member since Mar 2007

17881 posts

Posted on 11/17/10 at 4:27 pm to Zilla

Life insurance is one item that I do not look for the lowest price for, I also have about 4 smaller polices from 4 difrent companies, (some b/c of professional memberships, some from choice) but I dont think they will all go belly up

Posted by Will Cover

Davidson, NC

Member since Mar 2007

40224 posts

Posted on 11/17/10 at 8:50 pm to Zilla

quote:
I'm thinking about buying at least a half million dollar policy

Many factors go into your premium, but I have my policy through Lincoln Financial.

I pay $60 per month for $1 million coverage.

Posted by Will Cover

Davidson, NC

Member since Mar 2007

40224 posts

Posted on 11/17/10 at 8:50 pm to Zilla

quote:
I'm eligible for USAA by the way...

Look no further. One of the best companies around. Period.

Posted by Maderan

Member since Feb 2005

876 posts

Posted on 11/18/10 at 10:05 am to Will Cover

Yeah I go through USAA. The 30 year product there will price around the same as a 20 year product elsewhere. I got a 1 mil policy for about 80 bucks.

Posted by Tiger4Ever

Member since Aug 2003

36793 posts

Posted on 11/18/10 at 8:50 pm to Maderan

I have $500M with MetLife.

Snoopy approves of their product.

That's big time.

I pay about $40/month for the $500M....family history of heart disease and hbp for me.

Posted by Tigerpaw123

Louisiana

Member since Mar 2007

17881 posts

Posted on 11/18/10 at 8:56 pm to Tiger4Ever

quote:
I have $500M with MetLife.

500 million, good gosh I want to be your beneficary

Posted by Tiger4Ever

Member since Aug 2003

36793 posts

Posted on 11/18/10 at 8:57 pm to Tigerpaw123

quote:
500 million, good gosh I want to be your beneficary

M = 1,000

MM - 1,000,000

This post was edited on 11/18/10 at 9:02 pm

Posted by Tigerpaw123

Louisiana

Member since Mar 2007

17881 posts

Posted on 11/18/10 at 9:01 pm to Tiger4Ever

K=1,000
M= 1,000,000

Posted by Tiger4Ever

Member since Aug 2003

36793 posts

Posted on 11/18/10 at 9:02 pm to Tigerpaw123

Roman numerals are based on seven symbols: a stroke (identified with the letter I) for a unit, a chevron (identified with the letter V) for a five, a cross-stroke (identified with the letter X) for a ten, a C (identified as an abbreviation of Centum) for a hundred, etc.:

Symbol Value
I 1 (one) (unus)
V 5 (five) (quinque)
X 10 (ten) (decem)
L 50 (fifty) (quinquaginta)
C 100 (one hundred) (centum)
D 500 (five hundred) (quingenti)
M 1,000 (one thousand) (mille)

Posted by Tigerpaw123

Louisiana

Member since Mar 2007

17881 posts

Posted on 11/18/10 at 9:06 pm to Tiger4Ever

quote:
Roman numerals are based on seven symbols

Nice, but you were not using Roman numerals, you were using an abrevation

Posted by Tiger4Ever

Member since Aug 2003

36793 posts

Posted on 11/18/10 at 9:08 pm to Tigerpaw123

quote:
Nice, but you were not using Roman numerals, you were using an abrevation

If this is new to you then you should probably limit your use of the money board.

Posted by Tigerpaw123

Louisiana

Member since Mar 2007

17881 posts

Posted on 11/18/10 at 9:13 pm to Tiger4Ever

, you can not interchange roman numerals and normal numbers in the same string of letters, 500, 000 in roman numerals is D with a line over it

If you only have 500K in life insurance maybe you should not be posting on the money board

This post was edited on 11/18/10 at 9:14 pm

Posted by Tiger4Ever

Member since Aug 2003

36793 posts

Posted on 11/18/10 at 9:17 pm to Tigerpaw123

quote:
, you can not interchange roman numerals and normal numbers in the same string of letters, 500, 000 in roman numerals is D with a line over it

I'll stick with this commonly known and practiced shorthand....which I personally use everyday.

quote:
If you only have 500K in life insurance maybe you should not be posting on the money board

This post was edited on 11/18/10 at 9:27 pm

Posted by JWS3

Baton Rouge

Member since Jun 2008

2502 posts

Posted on 11/18/10 at 9:44 pm to Tiger4Ever

quote:
I'll stick with this commonly known and practiced shorthand....which I personally use everyday.

You must be in the oil and gas industry, that is the only place I have seen this used.

Posted by Tiger4Ever

Member since Aug 2003

36793 posts

Posted on 11/18/10 at 9:45 pm to JWS3

quote:
You must be in the oil and gas industry

Nope

(FYI, if you read closely, which tigerpaw hasn't, I never stated that this is the ONLY way. I fully recognize the usage of K, but that doesn't make using M "wrong"....my only point)

This post was edited on 11/18/10 at 9:48 pm

Posted by JWS3

Baton Rouge

Member since Jun 2008

2502 posts

Posted on 11/18/10 at 9:53 pm to Tiger4Ever

When I got involved in the Haynesville Shale I thought I was rich until someone explained to me that M=1000 when measuring gas as in 10MCD being 10,000 cubic feet per day not 10 million.