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[Jason Veirs]

I'm sorry to hear of your troubles and I'm not sure if you're currently working with a broker or what carrier(s) you've applied with on the Term Life...

[Jason Veirs]

A couple of things... My guess is that this agent who sold you this Principal policy was a Captive agent with Principal, as Principal does not have one...

[Jason Veirs]

All carriers and underwriters know that you will gain weight during a pregnancy and also that your labs may be off, therefore, they typically give you...

[Jason Veirs]

As DK mentioned above, I would definitely look at the GSI route if possible for the DI, as that seems to be the only option there. Also, did you sho...

[Jason Veirs]

Dusn wrote: One of the things that doesn’t seem to get factored into to “how much life insurance do I need?” calculations is what might happen to your savings during a prolonged illness (...

[Jason Veirs]

Wow, this is just terrible.. The part that is really upsetting is that these agents really try to disguise and present themselves as "advisors", when...

[Jason Veirs]

Totally agree - Stick with him, as he sounds like a great agent. Plus, we're talking $5 a year here... Cincinnati Life is a bit old school, though they...

[Jason Veirs]

Glad you noticed the difference in the health/underwriting class when running the quotes, as that will definitely skew the results. To answer your questi...

[Jason Veirs]

If you were to provide your gender, health/underwriting class that you're quoting, DOB (or at least your month and year of birth) and the term length...

[Jason Veirs]

Based on this link here - http://www2.pennmutual.com/content/public/individuals-families/performance-and-rates/current-interest-rates.html#par_manual_table_26,...

[Jason Veirs]

You will need to order an in force illustration (or possibly look at the current Annual Statement) and reference it with the original illustration which...

[Jason Veirs]

Morsno wrote: I made a similar mistake 30 years ago.  The sales pitch was that the premiums would be paid by income in 10 years.  I’m still on the hook for some of the pr...

[Jason Veirs]

Also, just note that when you call NWM's Customer Service Department in order to request the Surrender Form, they will mostly likely ask you for both...

[Jason Veirs]

Yes, you're referring to the Protective Life "Custom Choice UL" product, which is a Universal Life policy that is designed exactly like a Term policy,...

[Jason Veirs]

As others have mentioned, NWM's policies are severely overpriced, but yet they still continue to be a main player in the insurance industry, as they HEAVILY...

[Jason Veirs]

As you probably already know, NWM's Term rates are typically about 20-40% higher than any of the other main players on the market, such as Protective...

[Jason Veirs]

I concur with what others have mentioned. I would order an in-force illustration from the carrier in order to see what the Cash Surrender Value of the...

[Jason Veirs]

  No problem! Also, sorry if I wasn't clear in my initial reply - What I meant to say is that most carriers will offer Term policies on a 10, 15, 2...

[Jason Veirs]

Very detailed post and congrats for taking action - Sometimes, it's just a matter of taking the first step! With regard to the life insurance, you could a...

[Jason Veirs]

Yes, the hybrid products are extremely popular and seem to appeal much more to consumers, as the premiums are contractually guaranteed and it's not a...

[Jason Veirs]

  Hank wrote: We have a number of good and honest insurance guys who participate on the WCI forum.  Nevertheless, I have to give some credit to Scott for acknowledging the tim...

[Jason Veirs]

Thanks for sharing, and yes, the LTCi industry has been in a bad state of affairs over the past 10 years or so, due to initial underpricing, actuarial...

[Jason Veirs]

hospitalist md wrote: @jason viers : thank you for you prompt reply jason. i did this whole process on my own by going to protective website when somebody recommended t...

[Jason Veirs]

hospitalist md wrote: thank you for all your answers. i have mild psoriasis for which i use topical medication. the first time i got a quote, they said i was anemic whe...

[Jason Veirs]

cgossage wrote: Jason Veirs wrote: cgossage wrote: I don’t sell insurance, but I refer clients for life frequently.  Do you need a 30 year term?  I’ve been...

[Jason Veirs]

cgossage wrote: I don’t sell insurance, but I refer clients for life frequently.  Do you need a 30 year term?  I’ve been recommending a lot more 10 year term o...

[Jason Veirs]

karturi wrote: so I applied for 30 year term life insurance for 1 million with protective. The quote came back as 1164 dollars a year or 97 dollars a month. I am a...

[Jason Veirs]

Although it’s not an investment book, I’d recommend “Think and Grow Rich” by Napoleon Hill, as I think it provides a great mindset and solid life...

[Jason Veirs]

As others have mentioned, call AXA and get an "As Is" inforce illustration prepared in order to see how long the policy is projected to last, assuming...

[Jason Veirs]

Neuro wrote: Thank you LizOB and ajm184. We have two small kids. We are putting money in 529’s. However that is a good reason to have some cushion. I will also look in the e...

[Jason Veirs]

Tabaxus wrote: Hank wrote: Term is cheap, especially if you’re healthy and you only plan on having the policy for 5 years. How much income do you need to replace and ...

[Jason Veirs]

WallStreetPhysician wrote: I’m not an insurance agent, but I believe your rates don’t get any lower if you have a lower BMI as long as you have no medical conditions. It’s like your credit score — above a certain leve...

[Jason Veirs]

ACN wrote: I was running late at the hospital for my exam. So I ran from the OR across the hospital. Needless to say the first thing they took was BP and HR,it was high.. So they did it again at the end since ...

[Jason Veirs]

Tabaxus wrote: So, I’ve read the threads.  I know it’s generally not good. Here’s my conundrum, wondering if anyone has any thoughts. I am required to purchase a c...

[Jason Veirs]

The White Coat Investor wrote: Whatever you do don’t work out just before. I did a bunch of weight lifting and had a little protein in my urine. Had to do the UA again. Click to expand... This is very good ...

[Jason Veirs]

Tabaxus wrote: WallStreetPhysician wrote: I’m not an insurance agent, but I believe your rates don’t get any lower if you have a lower BMI as long as you have no medical conditions. It’s like your credit s...

[Jason Veirs]

As others have mentioned, due to your age and health, a new $1MM policy would be rather inexpensive, so you may consider layering on an additional policy,...

[Jason Veirs]

It definitely sounds like you went with a Northwestern Mutual policy, and as you probably already know, NWM is typically not one of the the most competitive...

[Jason Veirs]

This is true and a valid point, but as was the case with Genworth, another more financially stable carrier will usually come along and assume/purchase...

[Jason Veirs]

Molecularblonde wrote: My husband is a physician who practices Emergency Medicine in WA state. He had a twenty year term life Insurance policy that is about to expire. I had used a company called “Financial D...

[Jason Veirs]

DrDebt - As others have mentioned, first check out rates on www.Term4Sale.com, and then contact a broker to obtain the insurance. You will want to work...

[Jason Veirs]

Donnie wrote: FIREshrink wrote: right, if you need coverage beyond 20 years then buy a 25 or 30 year policy now.   The only reason to keep a 20 year level term pol...

[Jason Veirs]

DrDebt wrote: Thank you for such a quick response! I have been offered 2 mill coverage until age 90, and guaranteed for $2275 annually for 20 years, then “increase a...

[Jason Veirs]

It's really hard to say as to whether the pricing for the DI is competitive, as there are many variables when it comes to pricing DI, but insuring your...

[Jason Veirs]

AMedStudent wrote: My wife and I got our policies from Ohio National. $750K for me and $250K for her. My wife’s premium costs as much as mine because she got “standard” rates. The reason is a...

[Jason Veirs]

No problem, pdoc. Please let me know if AMA says that the "Pure Term Life Insurance" product is a Level Term policy, or if it's an Annual/Yearly Renewable...

[Jason Veirs]

pdoc wrote: Thank you. I compared the rates. At the AMA website, they offer a “Pure Term Life insurance” up to 1 million that costs almost 2/3 rd of the quotes on Term4Sale.com. I am n...

[Jason Veirs]

Sorry, I didn't mean to say USFL, I meant United States Life Insurance Company....

[Jason Veirs]

USFL is the branch of American General (AIG), for the state of NY. American General is an 'A' A.M. Best rated carrier, but we do a ton of business with...

[Jason Veirs]

Yeah, I totally agree that it's always good to diversify. Also, when applying for life insurance the carriers place a TON of emphasis on your lab results...

[Jason Veirs]

AR wrote: I’ve got one Banner policy and one Ohio National Policy.  Haven’t seen anyone mention the latter yet, but at least when I was looking they were the best option for me.  Now...

[Jason Veirs]

If your dad is looking to mitigate the potential risk of depleting his nest egg with a LTC claim (very important thing to consider), and he isn't necessarily...

[Jason Veirs]

RosieQ wrote: Does anyone have any experience with Forester Financial (Independent Order of Foresters)? They are now routinely the cheapest provider on Term4Sale with AM Best rating of A. I no...

[Jason Veirs]

This is true, and why it's very easy to vet these brokers out on a website like www.Term4Sale.com, as the rates are entirely visible to the consumer,...

[Jason Veirs]

I'm an independent broker who only specializes in life/disability/long-term care and health insurance. Although Policy Genius (PG) is a great company and...

[Jason Veirs]

Haha, yes.. Life insurance underwriters can tend to be a bit unforgiving when it comes to rock climbing and SCUBA, but it really depends on the individual...

[Jason Veirs]

I completely agree. I never recommend ROP policies to clients, per all of my reasons noted in my post above and I can't stand the buy vs. rent jargon...

[Jason Veirs]

DMAL - That's too bad, and although I can't speak for the actual broker, it's pretty rare that a policy should take 6 months to be issued - Either way,...

[Jason Veirs]

USAA is a great company with excellent service - My Uncle used to have his auto and homeowners insurance coverage with them, and their pricing seemed...

[Jason Veirs]

Exactly! To be honest, since he was a high school buddy of mine that should have known better to call me beforehand, I got a bit of pleasure in hearing...

[Jason Veirs]

Hi Kenrich - On the life insurance side, there's a possibility that you MAY be able to get a term policy at Standard NT rates (best case scenario), or...

[Jason Veirs]

Great advice and glad you were able to help him out. To be honest, there are so many captive agents that only try to push Whole Life, when the vast majority...

[Jason Veirs]

Thanks a lot for the insider information and we always love selling Ohio National's products! I'm also looking forward to when the ContinuON II is approved...

[Jason Veirs]

To echo what others have already stated, I would definitely lock-in a Disability Insurance policy ASAP, as it is more necessary than life insurance given...

[Jason Veirs]

That's too bad. As with anyone (friend or not), always shop around and compare their rates with the rates on www.Term4Sale.com, as that will give you...

[Jason Veirs]

I completely agree. Term insurance is pretty straightforward, and all of the rates are listed online, so there's full transparency which is great. I always...

[Jason Veirs]

I completely agree and although I always mention this to my clients and give them my 2 cents, I always let them make the final decision. I just present...

[Jason Veirs]

OSUDent wrote: So a buddy of mine sells insurance for a living. It’s never really come up, and he’s never really pushed anything on me in the past. But last week, I let it slip that I was lo...

[Jason Veirs]

ITEngineer wrote: Scott @ MD Financial Services wrote: All life insurance is placed via an agent, the question becomes do you use online process where it is more au...

[Jason Veirs]

Mr. Frugal wrote: Hi again and thanks to everyone for your feedback. I did not mean to imply that I had been cheated. I only thought I might be paying too much – but...

[Jason Veirs]

Ed_CLU wrote: Jason Veirs wrote: Hi Mr. Frugal – If you purchased this policy through a friend, there’s a chance that your friend was a “captive agent” who worked...

[Jason Veirs]

Noah wrote: If there is a doubt about what health category you will be put in is it reasonable to apply for 2 different policies and then see if one gives you a more favorable rating/pricing a...

[Jason Veirs]

TheGipper wrote: Maybe a dumb question. Wife and I both have stacked 30 year and 15 year term life policies we obtained several years ago at great rates we could not get again now. We’ve...

[Jason Veirs]

adventure wrote: I’m also in the “bought a stupid whole life mistake policy, etc etc”. 10k in, worth 5. I’ve been working to get a new term policy, etc, but I’ve been thinking...

[Jason Veirs]

Mr. Frugal wrote: Hi! I have a 30-year term life insurance policy which I bought a few years ago. I’m currently in my mid-30s. My premium is $102/month for $1.25 mil...

[Jason Veirs]

doclude wrote: Ok–i need some help. several months ago, i received a quote for Metlife term insurance (1 million, 20 year) My agent who i purchased life insurance from before, has since dro...

[Jason Veirs]

RJ wrote: Bought 30 year term for my wife and I last year (she also a physician). Went through a lot of options and finally used this guy:   Jason P. Veirs Insurance Experts Sol...