By fixed, I meant the annual rate. The rate is supposed to stay the same for 20 yrs. After that, all bets are off.
On Tue, Jul 11, 2017 at 10:07 AM, Chuck McCown <[email protected]> wrote: > I am pretty expensive but my numbers were bad when they wrote the policy. > I have my blood sugar under control now, blood pressure is nominal, weight > is coming down. I wonder if I can ask for a lower rate or if I would just > have to cancel the policy and apply with someone else. > > *From:* Travis Johnson > *Sent:* Tuesday, July 11, 2017 8:25 AM > *To:* [email protected] > *Subject:* Re: [AFMUG] Life Insurance Policies > > There is no "fixed" price. When we first applied, they sent someone to our > office and did a mental and physical exam, plus they had a heart machine > that they hooked us up to for 2 minutes. I was the 2nd cheapest out of the > 5 partners... 3 others were much higher, from the same company. > > Travis > > > On 7/11/2017 7:31 AM, Jeremy wrote: > > Does the fine print state that they can change that at anytime? Mind > sharing the company name? I'm at $4,700 a year for $2 mil. > > On Tue, Jul 11, 2017 at 7:15 AM, Travis Johnson <[email protected]> wrote: > >> Hi, >> >> We obtained 10 year term policies about 5 years ago. I have a $3 million >> policy and I pay $978 per year. >> >> Travis >> >> >> >> On 7/10/2017 9:37 PM, Jeremy wrote: >> >>> Anyone want to share what company they are using for life insurance, and >>> what type of plan and/or rates, either on or off-list? I have been >>> shopping around and these policies are crazy. Hard to believe anyone would >>> sign these. >>> >>> Whole life is at the whim of the market, and you can lose it all. Term >>> policies even on a fixed term, say 30 years, claim that the payments >>> "remain level" for the 30 -year term but then they say in the fine print >>> that they can change the rate at anytime up to the maximum ($230,000 per >>> year). There has to be a more solid and less wishy-washy policy out there >>> with a locked in rate, right? Are they all giving themselves the ability >>> to make it whatever they want at anytime in the fine print? >>> >> >> > > >
