by TJ88 » Thu Aug 09, 2012 02:15 am
My step mother, age 74, smoker, has been in a nursing home for 4 years. She has always refused a mammogram but recently an aid noticed blood on her undergarment support and upon further investigation found her breast to be discolored and deformed. She was sent to an oncologist who then discovered a huge mass on her breast and diagnosed her with breast cancer. The scan showed that it has begun spreading into her bones. According to the oncologist, her life expectancy is approximately 2 years. I don't think there is any insurance available for her except for guaranteed issue whole life, which does not require medical exams or the answering of health questions. The kicker is that it would not pay the full benefit amount if death occured during the first two years. Within two years it would pay all the paid premiums back plus ten percent. After two years it would pay the full benefit amount. I have found some websites where you can obtain quotes online from some reputable(?) companies such as Mutual of Omaha, Gerberlife, AAA Insurance, AARP, and Colonial Penn. The best rate for a $25,000 policy was $171/month or $2052/year (Mutual of Omaha). Even if she lives another 10 years there would be $20,520 invested. If I were to go through an agent I may or may not find a better deal. If one buys directly through the insurance company I would think this is the best bet. Is this a legit and worth while product to purchase?
Posted: Tue Aug 21, 2012 09:10 am Post Subject:
You'll find No Medical Exam life insurance and Guaranteed Issue life insurance online. You should buy some now while you still can because the returns on both policies will progressively decrease as her condition gets worse.
Pat Cassidy
Disclaimer: I work for [Link removed per TOU] and this is my personal opinion.
Posted: Tue Aug 21, 2012 10:09 am Post Subject:
the returns on both policies will progressively decrease as her condition gets worse.
Really? Explain.
Posted: Thu Aug 23, 2012 08:37 pm Post Subject:
Really, Max, do you really expect Pat Cassidy to be able to do anything other than post for commercial purposes?
Posted: Thu Aug 23, 2012 08:53 pm Post Subject:
What do you think?
Posted: Fri Aug 24, 2012 02:22 pm Post Subject:
I think that Pat is a shill for her company and has very little knowledge about the business. She gets paid to post here and other places in an attempt to drive business to the agent that owns her company.
Posted: Fri Aug 24, 2012 04:52 pm Post Subject:
I might agree that Pat is a "she", but could be a "he", too, Doesn't change your probably accurate analysis. Have a good weekend!
Posted: Thu Jun 12, 2014 12:53 am Post Subject: Good insurance policy
You can go to guaranteed acceptance life insurance policy too as life insurance is such a policy that can secure your family with a complete financial support and it is guaranteed too. Guaranteed acceptance life insurance could be the best choice for the aged people. However, it is important for a life insurance seeker to know his requirements first before choosing a life insurance. Guaranteed life insurance is not good for all, if you have health issues or any other problems only then you can go for it.
Posted: Thu Jun 12, 2014 05:33 pm Post Subject:
life insurance is such a policy that can secure your family with a complete financial support and it is guaranteed too
Nischa . . . if you are a licensed insurance agent anywhere in the USA, I sincerely hope you are not making this same statement to your clients. Life insurance is NOT a "complete financial support" and "guaranteed" really doesn't belong in the conversation unless you add words such as "guaranteed as long as you make 100% of the payments." And even that may not be sufficient with Universal Life policies.As for GI life insurance, this is a last resort for persons who are not likely to qualify for more mainstream life insurance products. That could be due to age or health conditions. GI policies are among the most expensive available, and they do not even come close to meeting your "complete financial support" statement -- most GI policies are limited to no more than $25,000-$50,000.
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