OT – Life Insurance

[La Jolla Renter]

I am finding myself in need of some life insurance. I thought I was going to be able to skip this expense in life, but my business valuation and other assets aren’t what they use to be.

So my question for the forum is… What is the best, fastest way to do this? I think I need a $1M policy.

I am with USAA, should I just call them and be done or is there a better policy out there. FYI, I am looking for 20yr term.

[ljinvestor]

I am in the industry (not an agent) and there is really no fast way to do it. A couple carriers use to do simplified issue or instant issue term but the face amount max was approx $250k and it costs about twice as much as someone going through full underwriting.

Get your quote through USAA and then check with an agent or online quote service that offers multiple carriers. Metlife, AXA, ING, Banner, American General, TransAmerica, Protective, & Principal are all pretty competitive on 20yr term and should have good conversion options if your health changes drastically 19yrs from now and you want to move to permanent product at todays health rating.

Most likely the carriers above will see your health differently. Some might be at Preferred Best while others at Standard or worse. Going with a broker that represents multiple carriers allows you to take those labs/exam results & records to others carriers (shop them)and make sure you get the best offer.

I know its not the most exciting thing but it really is an important piece of financial planning. Good luck.

[ljinvestor]

I am in the industry (not an agent) and there is really no fast way to do it. A couple carriers use to do simplified issue or instant issue term but the face amount max was approx $250k and it costs about twice as much as someone going through full underwriting.

Get your quote through USAA and then check with an agent or online quote service that offers multiple carriers. Metlife, AXA, ING, Banner, American General, TransAmerica, Protective, & Principal are all pretty competitive on 20yr term and should have good conversion options if your health changes drastically 19yrs from now and you want to move to permanent product at todays health rating.

Most likely the carriers above will see your health differently. Some might be at Preferred Best while others at Standard or worse. Going with a broker that represents multiple carriers allows you to take those labs/exam results & records to others carriers (shop them)and make sure you get the best offer.

I know its not the most exciting thing but it really is an important piece of financial planning. Good luck.

[ljinvestor]

I am in the industry (not an agent) and there is really no fast way to do it. A couple carriers use to do simplified issue or instant issue term but the face amount max was approx $250k and it costs about twice as much as someone going through full underwriting.

Get your quote through USAA and then check with an agent or online quote service that offers multiple carriers. Metlife, AXA, ING, Banner, American General, TransAmerica, Protective, & Principal are all pretty competitive on 20yr term and should have good conversion options if your health changes drastically 19yrs from now and you want to move to permanent product at todays health rating.

Most likely the carriers above will see your health differently. Some might be at Preferred Best while others at Standard or worse. Going with a broker that represents multiple carriers allows you to take those labs/exam results & records to others carriers (shop them)and make sure you get the best offer.

I know its not the most exciting thing but it really is an important piece of financial planning. Good luck.

[ljinvestor]

I am in the industry (not an agent) and there is really no fast way to do it. A couple carriers use to do simplified issue or instant issue term but the face amount max was approx $250k and it costs about twice as much as someone going through full underwriting.

Get your quote through USAA and then check with an agent or online quote service that offers multiple carriers. Metlife, AXA, ING, Banner, American General, TransAmerica, Protective, & Principal are all pretty competitive on 20yr term and should have good conversion options if your health changes drastically 19yrs from now and you want to move to permanent product at todays health rating.

Most likely the carriers above will see your health differently. Some might be at Preferred Best while others at Standard or worse. Going with a broker that represents multiple carriers allows you to take those labs/exam results & records to others carriers (shop them)and make sure you get the best offer.

I know its not the most exciting thing but it really is an important piece of financial planning. Good luck.

[ljinvestor]

I am in the industry (not an agent) and there is really no fast way to do it. A couple carriers use to do simplified issue or instant issue term but the face amount max was approx $250k and it costs about twice as much as someone going through full underwriting.

Get your quote through USAA and then check with an agent or online quote service that offers multiple carriers. Metlife, AXA, ING, Banner, American General, TransAmerica, Protective, & Principal are all pretty competitive on 20yr term and should have good conversion options if your health changes drastically 19yrs from now and you want to move to permanent product at todays health rating.

Most likely the carriers above will see your health differently. Some might be at Preferred Best while others at Standard or worse. Going with a broker that represents multiple carriers allows you to take those labs/exam results & records to others carriers (shop them)and make sure you get the best offer.

I know its not the most exciting thing but it really is an important piece of financial planning. Good luck.

[La Jolla Renter]

ljinvestor,

Is there a list of the specific lab tests each will require? Do they all require the same standard tests or are they different?

Unfortunately, I had a parent die of a heart attack very young, so I think I will need near perfect lab results to get a good rate.

[La Jolla Renter]

ljinvestor,

Is there a list of the specific lab tests each will require? Do they all require the same standard tests or are they different?

Unfortunately, I had a parent die of a heart attack very young, so I think I will need near perfect lab results to get a good rate.

[La Jolla Renter]

ljinvestor,

Is there a list of the specific lab tests each will require? Do they all require the same standard tests or are they different?

Unfortunately, I had a parent die of a heart attack very young, so I think I will need near perfect lab results to get a good rate.

[La Jolla Renter]

ljinvestor,

Is there a list of the specific lab tests each will require? Do they all require the same standard tests or are they different?

Unfortunately, I had a parent die of a heart attack very young, so I think I will need near perfect lab results to get a good rate.

[La Jolla Renter]

ljinvestor,

Is there a list of the specific lab tests each will require? Do they all require the same standard tests or are they different?

Unfortunately, I had a parent die of a heart attack very young, so I think I will need near perfect lab results to get a good rate.

[La Jolla Renter]

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[La Jolla Renter]

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[La Jolla Renter]

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[La Jolla Renter]

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