Hello from California

[projekZERO]

I have been reading this forum for some time. I decided to join because I feel this would be a great place to find an agent.

I have tried local agents, entertained them in my home only to get frustrated with them not listening to me and trying to push what they feel is in my family's best interest (whole life).

I am looking to purchase life insurance for my wife. She has HPV but all her tests so far to date have been normal. Also the doctor has found a growth on her pelvic, and in her breast. We had an MRI done on the pelvic and they are considering it non-malignant at this time. The doctor is not concerned with the breast growth as it is not firm and therefore not thought to be a tumor.

My initial thought was to add her to my group plan at work but that was not to be as she was denied for the above reasons. I know group plans don't have a way to increase the rate so they might be a little more strict. But I found it humorous they deny my 32 year old wife who is in otherwise perfect health, eats healthy and exercises regularly (105lbs) coverage while they admit the obese middle aged alcoholic/smoker at work who sits across from me. Maybe I was too honest?

Now I am looking for Insurance from outside sources.
I am looking for straight term life insurance for her in an amount of $750K. I'm considering 20 and 30 year policies. I want to get this done soon incase her condition changes and it gets even harder to insure her. I feel her conditions shouldn't complicate things too much, and I hope to find an agent who agrees. I am looking obviously at price, but also a well established companies that stand little change of being shaken out of the tree in our current (and future) economic environment. Companies like New York Life, ING, Trans American, and Fidelity (where all my assets are currently held).

Please no lectures on permanent insurance. I may not be the most sophisticated investor, but when I have an agent sitting across from me at my own dining table telling me I should put my money in whole life before I consider a Roth IRA, it's a bit insulting.

I will follow this thread in case anyone replies here, but it might be best to contact me through pm. I am a serious consumer. Please do not waste my time, and I will not waste yours.

Thanks in advance.

 

[Fisher]

I feel her conditions shouldn't complicate things too much, and I hope to find an agent who agrees.

Dude, you don't need an agent who agrees with you - you need an insurer who agrees with what you 'feel'. Luck with that, bro.

 

[projekZERO]

Dude, you don't need an agent who agrees with you - you need an insurer who agrees with what you 'feel'. Luck with that, bro.

That was just my way of saying I need an agent who will work for me to find an insurer who "agrees with what I feel"

 

[WinoBlues]

"I want to get this done soon incase her condition changes and it gets even harder to insure her. I feel her conditions shouldn't complicate things too much, and I hope to find an agent who agrees. I am looking obviously at price,.."

OK, to quote Fisher. "Dude"

First I agree that an agent should recommend what they believe to be in your best interest. However, They should quote what you decide is best for you and yours. With the probable ratings a convertible term may make the most sense.

If you find an agent that does not think her condition may complicate things or that an Insurance company may not offer based on the fact that her condition may change, run away.

In my opinion you want need an agent that knows her conditions will complicate things. And will be willing to do the work to overcome those issues for you. If you find one, you need to cooperate.

As you have been reading the forum for a while. You know that there are some very good agents here. Also that they earn their money. Ask a couple if they would be willing to help you.

If you want some ideas on the outcome of your wife going through underwriting, post her stats along with detailed medical info. No personal or identifying info of course.

Lastly I would suggest that you ask the agent to do a trial app first. To minimize the MIB hits.
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PS..... You may want to post in the Life Insurance forum...

 

[DHK]

I have tried local agents, entertained them in my home only to get frustrated with them not listening to me and trying to push what "they feel" is in my family's best interest (whole life).

I am looking to purchase life insurance for my wife. She has HPV but all her tests so far to date have been normal. Also the doctor has found a growth on her pelvic, and in her breast. We had an MRI done on the pelvic and they are considering it non-malignant at this time. The doctor is not concerned with the breast growth as it is not firm and therefore not thought to be a tumor.

My initial thought was to add her to my group plan at work but that was not to be as she was denied for the above reasons. I know group plans don't have a way to increase the rate so they might be a little more strict. But I found it humorous they deny my 32 year old wife who is in otherwise perfect health, eats healthy and exercises regularly (105lbs) coverage while they admit the obese middle aged alcoholic/smoker at work who sits across from me. Maybe I was too honest?

Now I am looking for Insurance from outside sources.
I am looking for straight term life insurance for her in an amount of $750K. I'm considering 20 and 30 year policies. I want to get this done soon incase her condition changes and it gets even harder to insure her. I feel her conditions shouldn't complicate things too much, and I hope to find an agent who agrees. I am looking obviously at price, but also a well established companies that stand little change of being shaken out of the tree in our current (and future) economic environment. Companies like New York Life, ING, Trans American, and Fidelity (where all my assets are currently held).

Please no lectures on permanent insurance. I may not be the most sophisticated investor, but when I have an agent sitting across from me at my own dining table telling me I should put my money in whole life before I consider a Roth IRA, it's a bit insulting.

I will follow this thread in case anyone replies here, but it might be best to contact me through pm. I am a serious consumer. Please do not waste my time, and I will not waste yours.

Thanks in advance.

Okay, you don't want me to waste your time. Fine. Here's the deal: You keep comparing QUOTES and ideas.

What you need is this: an offer from an insurance company.

No offer = nothing to think about.

Your "agent" may not be the best communicator, but I do know this: based on some medical underwriting, it's possible that a company may ONLY issue a permanent policy (with an additional term rider).

The guy at work? He's AT WORK and therefore part of the group policy.

Do you want price, or do you want coverage? WE DON'T KNOW WHAT THE PRICE IS... UNTIL AN OFFER HAS BEEN EXTENDED FROM AN INSURANCE COMPANY.

No offer = nothing to think about.

You want a "great company"? APPLY! THEN once an offer has been extended, work with the premiums and types of coverage.

You want to consider 20 and 30 year term? How many companies are considering insuring her?

Until you do that... you have NOTHING.

Applying for life insurance is like applying for a bank loan or a mortgage. You just NEVER KNOW what you'll be offered until: credit check is pulled, property appraisals, employment checks, etc., etc., etc. There's a lot in issuing a life insurance policy... and what you need now is an OFFER of insurance.

Shame on your previous agent. He's thinking like an INVESTMENT advisor... and NOT like an insurance agent. An insurance agent's focus should be to get the largest amount of death benefit in place for a client. That's usually with TERM insurance. Term can be converted over time for the living benefits.

The agent you had? Probably isn't prospecting enough... so he needs every single sale he can at the highest premium possible. That's why he's trying to sound so smart with you. His ideas aren't bad... but his priorities are pretty mixed up for his clients.

 

[projekZERO]

I shall gather her information in as much detail as possible and post it here tomorrow. I know she is perfectly healthy 5'3", 105lbs, 32 year old, other than the issues discussed in the initial post. However; I know more detail would help.

As far as percentages go, I carry permanent life insurance on top of my group term life at work, along with a pension (in the form of an annuity), a company match of 4% on my 401k (which I max fund anyway) and both mine and my wifes Roth IRA's (which are max funded as well). I can't see a need for tying up any more dollars as future dollars in any sort of retirement vehicle. All additional income beyond that stays liquid in a brokerage account, and I intend to keep it that way.

 

[WinoBlues]

I assume you know the cancer risk involved with HPV.

 

[projekZERO]

I assume you know the cancer risk involved with HPV.

You don't have a wife with HPV and not get an education on it. And yes, her strain of HPV is a type that can lead to cancer (the plot thickens).

 

[WinoBlues]

You don't have a wife with HPV and not get an education on it. And yes, her strain of HPV is a type that can lead to cancer (the plot thickens).

Ok, it was just your "I feel her conditions shouldn't complicate things too much, and I hope to find an agent who agrees." threw me off. We get a lot of unrealistic people come to argue. And forget they came here looking for professional help. Make that Free professional help.

Again, I would post in the Life section. I can think of several agents that could give you realistic answers. BTW, I also assume that you do not think she will get preferred rates. She is not a preferred rate client. But she should be insurable.

Good luck.

 

[andrewatson]

I have been in California and know that so many friendly people live there, wonderful location!