Great news. I am going to see if I can do this. From: Cameron Crum Sent: Tuesday, July 11, 2017 10:56 AM To: [email protected] Subject: Re: [AFMUG] Life Insurance Policies
I asked my bro about life insurance in general...he followed up with this: "If he owns his company or owns a some percentage of it, we can even look at the cost of Corporate Owned Life Insurance (COLI), or even creating a Pension Plan where a small proportion of each salary deferral goes into a Life Insurance policy owned by the Pension Plan for his benefit. He might therefore be able to make pre-tax or tax deductible contributions that get him the life insurance coverage he is looking for. The tax savings give him basically another 25%-50% discount on the cost of annual premiums. " I don't get anything other than maybe a round of beers out of referring people to him, but if you want to at least talk to someone in the business, feel free to reach out to him. Carter Crum, CFA Senior Vice President-Wealth Management Portfolio Manager UBS Financial Services Inc. 750 University Avenue, Suite 250 Los Gatos, CA 95032 408-827-3260 Phone 855-287-6006 Fax 866-341-7661 Toll Free [email protected] On Tue, Jul 11, 2017 at 11:22 AM, Jeremy <[email protected]> wrote: Yes, the annual rate is 'supposed' to stay the same, but the fine print says that they can change it at any time...up to the 'maximum'....which is around $230,000 per year by the time the policy completes. On Tue, Jul 11, 2017 at 10:00 AM, Steve Jones <[email protected]> wrote: forever and ever, expungment and all that only applies to criminal matters, in regard to insurance a DUI is a component of your healthcare, the associated required alcohol evaluations are in your medical records as well. One DUI is not all that big of a deal, but two automatically classifies you as a habitual drinker, which some claim is bad for you On Tue, Jul 11, 2017 at 10:04 AM, Chuck McCown <[email protected]> wrote: So do DUIs hang around forever on a searchable database that the insurance company uses? Is there an expungement process? From: Steve Jones Sent: Monday, July 10, 2017 9:45 PM To: [email protected] Subject: Re: [AFMUG] Life Insurance Policies I have 2 DUIs in illinois 20 years ago. I cannot get a personal life insurance policy unless i pay like 100 to 200 bucks a month for 50k coverage. And wven then theres all kinds of rules on how im allowed to die, some ways will pay, some will after probate, and some just wont. Thats individual plans... i can only ever get any real life insurance through my employer. And i cant imagine a generic policy that would cover anythimg other than a work relateded croaking being employer affordable. When i was 20, i was worth like 250k dead and a half mil if i got ended at work. If i knew then what i know now.... On Jul 10, 2017 10:37 PM, "Jeremy" <[email protected]> wrote: Sorry, forgot the OT. On Mon, Jul 10, 2017 at 9:37 PM, Jeremy <[email protected]> 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?
