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Life Insurance? Brokers?

Old 04-06-2009, 06:24 PM
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Default Life Insurance? Brokers?

I'm looking for a couple of simple term life policies with no physical required.

Last time I dealt with life insurance I thought they were going to give me a freaking embolism with the physical BS.

I got nothing wrong with me, but I just want as much as I can without a physical with an ACH for the premium and I don't want to have to worry about it again.

You would think this would be an easy task, since it's the worst investment I'll make this lifetimebut I'm having problems.

Anyone in the business???
Old 04-06-2009, 07:11 PM
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I don't know your age, but if your over the age of 15 and your looking for any serious amount of money, you will need a basic physical or have to wait a loong time for the benefit to kick in. you could maybe get on of those 10,000 dollar policies but for that type of coverage just put the 34.50 each month into the market.

Also, i worked for the biggest of the big - Metlife- and an independent agent. i would buy from an independent. they are brokers and will have better options and prices. You may be able to get a policy that kicks in down the road if your lucky. IE- Buy a policy worth 75k,, pay the premium for a few years and if you die you just get back the premium (they keep the interest) if you live past say 4 years, the full policy and all its benefits kick in.

Email me here and ill see if i can answer any specific questions.

Also, I see your in NY. Also know as Insurance HELL. There are more regulations in NY then any of the states i was registered in.

BTW, I was in the business. I got tired of it and left. But i am still licensed to Life/health/comp/ series 6 series 6.3 and series 7 for financial services fun. I don't use it, but for a little continuing ed. once in a while, its still there if I need it.
Old 04-06-2009, 08:13 PM
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You can get a 'simple issue' term policies from a number of different carriers but they are typically shorter terms like 5 years. I would go independent as well.
Old 04-06-2009, 08:14 PM
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If you want to go direct, contact TIAA-CREF. I have no idea how much they will write without a physical, but my guess is not much.
Old 04-06-2009, 08:16 PM
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why buy if its the worst investment of your lifetime
Old 04-07-2009, 04:13 AM
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Originally Posted by out2fish View Post
why buy if its the worst investment of your lifetime
For the same reason we buy boats and lottery tickets

Thanks for the help folks, and thanks for the PM's. I may just jump back into getting a new physical and get a real deal to protect my family.

I'm 46 and my physical came back with 2 pages of stuff that proved that I was 20 Nothing out of parameter, but..My doctor prescribed me Meclazine because I get sea sick on my own boat. This started a firestorm of questions from their underwritting until I lost my patience and told them to pound salt and I call my wife and told her to make her own f'ng money..

I've since cooled off, I guess its time to start again. I can't believe how hard it is to get insured. Sea Sickness, I mean come on...They wanted to know where, when and how often I go on my boat "just for their records"..

I've never had life insurance in my life. I used to fly, that was worse. Now that I do safe stuff, they still don't want me.
Old 04-07-2009, 05:29 AM
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I don't think there is any way a company will write a policy for a 46 year old without some kind of basic physical exam and blood work.

You probably want to get a 20 year level term policy. I would contact http://www.sbli.com/ and http://www.tiaa-cref.org/ to see what might be available.
Old 04-07-2009, 07:51 AM
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Don't mean to de-rail your thread, Mike, but I may have just had a moment of inspiration. I'm thinking I may have just found a way around the high cost of health care:

"Hello, I'd like to buy some life insurance. Take a physical? At your expense? Sure."

"The results of your physical are back. Everything checked out OK, when can you come in (with your check) and sign your new insurance policy?"

"Well, thanks anyway, but I don't think I'll be wanting the life insurance after all" !!!!
Old 04-07-2009, 08:11 AM
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Originally Posted by sr31aj View Post
Don't mean to de-rail your thread, Mike, but I may have just had a moment of inspiration. I'm thinking I may have just found a way around the high cost of health care:

"Hello, I'd like to buy some life insurance. Take a physical? At your expense? Sure."

"The results of your physical are back. Everything checked out OK, when can you come in (with your check) and sign your new insurance policy?"

"Well, thanks anyway, but I don't think I'll be wanting the life insurance after all" !!!!
I'm not picking up your meaning??

Are you ripping me for not signing on after they paid for a physical? I can buy that.

This particular company interviewed me, I was totally upfront with my history. I also was totally upfront with my history to the nurse that took my physical. I was also totally upfront with my history with the salesman that called me every half hour.

Then the company decided to make an issue of sea sickness. you may think there is more than meets the eye, but not really. They wanted documentation of everyplace I take my boat. The Meclizine opened a can of worms. They wanted to know how often I take my boat out.

I can't tell if your ripping me or not. Keyboard translation. Its not all its cracked up to be.
Old 04-07-2009, 08:26 AM
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Mike,

I got you Message and Ill post back in a few. But let me guess which company it was. Metlife or Nothwestern right? One of the big guys?

I know what sr31aj is saying but im with you too. I was a top rep there at MET for a while and I couldn't send letters to my family to say hi with out running it past legal first. The Red Tape form the big guys is a nightmare and.... thier policies do cost more.
Plus, The Applications were about 14 pages long. That alone should have counted as the physical they were so invasive.

The big guys have just as many ways to NOT do business as the have TO do business. They are just so big they need to cover thier asses all the time.

I am 6'3" weigh 215 and I am 40.. well, I will be in 12 hours 43 minutes and 11 second. Not like im counting though.

I just picked up a Mill this year from Banner life (work with brokers) and Im paying 48/month for 30 year level term. I sold a ton w/ banner as a broker. great company as is a lot of the smaller guys.

The physical was a para-med appointment. They came to me . Blood pressure, drew some blood. Went over my history and asked about family history and then done. They found no reason to worry and i was set in 30 days. Application was 3 pages.

If you are in good health, getting term insurance should not be an issue.
Old 04-07-2009, 08:29 AM
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Mike - I'm not ripping you, I meant no criticism of you, really sorry you read it that way. Just trying to have a laugh - we all complain about helath care costs, and insurance companies seem so anxious to give everyone physicals, I thought it kind of funny that we might all save ourselves a couple hundred bucks every year or two by letting them pay for our physical.

You're one of the more informative and level-headed guys here, I usually make a point to click into your posts, sorry my feeble attempt at humor came across the wrong way. Would you like me to delete it?
Old 04-07-2009, 08:39 AM
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Try Prudential best rates for people who take medicine
Old 04-07-2009, 11:00 AM
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Originally Posted by sr31aj View Post
Mike - I'm not ripping you, I meant no criticism of you, really sorry you read it that way. Just trying to have a laugh - we all complain about helath care costs, and insurance companies seem so anxious to give everyone physicals, I thought it kind of funny that we might all save ourselves a couple hundred bucks every year or two by letting them pay for our physical.

You're one of the more informative and level-headed guys here, I usually make a point to click into your posts, sorry my feeble attempt at humor came across the wrong way. Would you like me to delete it?



Don, Seriously, no need to delete. Its the internet. Ever try to even converse with your own wife through email? It gets conveluted sometimes. No offense....

I thought I would ruffle the feathers of a broker if they heard I went through the whole process and then bailed after they spent all that money.

The obsurdity of ditching this policy because of sea sickness meds..But after getting some inside info, now I realize why they do this. The big corporation had no idea what each department was doing. I was getting a phone call, 1 per day, for a week. They all asked the same question. "Why were you prescribed Meclizine" After 5 days of the same question from the same company, I said, screw you people. I was insane from the hassle. I should have carried it out because it's my loss, now I gotta start again..

Don't sweat it Don, The pitfalls of the internet, and I'm sorry I took it wrong. We all good??
Old 04-07-2009, 11:01 AM
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Originally Posted by out2fish View Post
Try Prudential best rates for people who take medicine
I've taken Zero prescriptions now in 2 years.
Old 04-07-2009, 12:17 PM
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Mike - no problem here. sorry I got you fired up. I know what it can be like to deal with ins cos red tape - ask me sometime about the hoops I had to jump through to get approvals for back operation. (Sometime when we both have a LOT of time)
Old 04-07-2009, 02:51 PM
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go with a good broker and dont stress out about the underwriting. once you get your physical they are going to get your medical records and your agent should be handling all the BS from then on. Apply to a few companies at once and let them compete (only one physical). dont discredit the bigger name companies since they are going to give you the best option for converting to permanent down the road.

tip - the companies run your info through the MIB and this can trigger red flags. Google them and give them a call to see what they have on file for you. I have had clients be very surprised at what their doctor actually writes in the medical records. do this before you apply to prevent BS.
Old 04-07-2009, 02:57 PM
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Originally Posted by croakerpoker View Post
tip - the companies run your info through the MIB and this can trigger red flags. Google them and give them a call to see what they have on file for you. I have had clients be very surprised at what their doctor actually writes in the medical records. do this before you apply to prevent BS.
Not sure what this is about. MIB?? I'm drawing a blank.
Old 04-07-2009, 03:05 PM
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http://www.mib.com/index.html

Medical Information Bureau

i think you get 1 free report a year

There is a separate one that health insurance companies report to with your prescription medications.

enjoy having your personal information read to you!

Last edited by croakerpoker; 04-07-2009 at 03:06 PM. Reason: sarcasm
Old 04-14-2009, 11:06 AM
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Originally Posted by Mike Boehler View Post
I'm looking for a couple of simple term life policies with no physical required.

Last time I dealt with life insurance I thought they were going to give me a freaking embolism with the physical BS.

I got nothing wrong with me, but I just want as much as I can without a physical with an ACH for the premium and I don't want to have to worry about it again.

You would think this would be an easy task, since it's the worst investment I'll make this lifetimebut I'm having problems.

Anyone in the business???
HSBC just sent me the following link for 400k term life with no medical check.


https://insurance.hsbcusa.com/app/si...BD49312F6D56A4
Old 04-14-2009, 11:54 AM
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Originally Posted by Mike Boehler View Post


My doctor prescribed me Meclazine because I get sea sick on my own boat. This started a firestorm of questions from their underwritting until I lost my patience and told them to pound salt ...

You know you can buy meclazine over the counter, right?!?! No need for an Rx.

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