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Life & Health Insurance/Questions Answered by Expert Dave Bowman
| Subject | Date Asked |
| Flexible (YRT) premium life insurance. | 12/2/2011 |
| Q: My son inherited a life insurance policy on my life (I am 64) from his mother that is YRT and ... A: This sounds more like a universal life policy than term life. If the policy has a no-lapse rider, ... | |
| Insurance proceeds paid to Wrong Person | 11/14/2011 |
| Q: My daughter was beneficiary of a life insurance policy of her fiance and they owned a company ... A: While I can't offer you legal advice, a life insurance beneficiary designation can only be changed ... | |
| variable whole life insurance | 6/30/2011 |
| Q: I was wondering if my John Hancock variable life insurance policy that I have held for 15+ years ... A: You need to contact the company right away. Variable life insurance will lapse if the total ... | |
| whole life insurance | 1/12/2011 |
| Q: I am in the process of looking into whole life insurance. I am 30 yo, nonsmoker (quit 2.5 yrs ago), ... A: Whole life insurance has a fixed death benefit, universal life has an adjustable death benefit. ... | |
| whole life insurance | 1/8/2011 |
| Q: I am in the process of looking into whole life insurance. I am 30 yo, nonsmoker (quit 2.5 yrs ago), ... A: Whole life falls into two categories, participating and non-participating. A non-participating whole ... | |
| whole life insurance as savings account | 1/1/2011 |
| Q: I am a 47 year old female. I will be divorced in a few weeks. And I am losing my medical insurance. ... A: This is more of a legal question than an insurance one. I suggest consulting with an attorney on ... | |
| Estate tax question | 12/30/2010 |
| Q: I am the executor of my friends estate; I set up a little trust for her child and it is getting ... A: You didn't state an amount or what type of account the trust was placed in. This will depend on ... | |
| whole life insurance | 11/11/2010 |
| Q: I recently lost my father and while looking thru his papers, and found that he at one time held a ... A: Please accept my sympathy on the passing of your father. If the policy had been a cash value ... | |
| Life Insurance for seniors | 10/22/2010 |
| Q: Are there any life insurance companies who provide life insurance for people age 86 or older...my ... A: Most insurance companies will issue "last expense" policies (i.e. small insurance policies designed ... | |
| Life Insurance | 7/28/2010 |
| Q: I just started a new job 4 months ago in the state of Florida. My insurance benefits did not have ... A: Mary, Please accept my deepest condolences on the loss of your spouse. Insurance is regulated by ... | |
| disability insurance | 7/8/2010 |
| Q: I was recently pregnant and the doctor recommended bed rest. I'm a teacher and had only 15 sick ... A: My deepest condolences on losing your twins. State insurance laws vary from state to state, so you ... | |
| life insurance with med | 6/28/2010 |
| Q: i want to buy one with no medical exam. I would like to know which companies would be able to help ... A: The term "no medical exam" means no medical exam, not that the policy won't be medically ... | |
| Insurance question regarding citizenship | 6/18/2010 |
| Q: A friend of mine is wanting to get life insurance on her 71 year old mother. She will be the policy ... A: Sounds as though someone is trying to slip past the rules of the insurance company. If your ... | |
| how much life insurance do we need? | 6/15/2010 |
| Q: I recently turned 55; health is fine; federal employee; 66K; children raised; married; husband (56) ... A: There is a good life insurance calculator on the Life and Health Insurance Foundation for Education ... | |
| Policy No 64010671 | 4/9/2010 |
| Q: My grandmother bought this Policy in 1964 for me. Is this still in force? Thank you. ANSWER: Do you ... A: Kentucky Central Life collapsed in 1993 and was succeeded by Jefferson Pilot Life. Jefferson Pilot ... | |
| Policy No 64010671 | 4/8/2010 |
| Q: My grandmother bought this Policy in 1964 for me. Is this still in force? Thank you. A: Do you know the name of the insurance company? Sometimes, a small insurer gets taken over by a ... | |
| old insurance policy | 3/28/2010 |
| Q: I recently found out that there is an insurance policy for my father since 1939. It was taken out by ... A: Not sure if there is a question here. It's possible that the original beneficiary was his parents ... | |
| Life Insurance Benefits | 3/8/2010 |
| Q: My uncle recently passed and I believe he may have named me as a beneficiary on his life insurance ... A: Try calling your state insurance department. Be prepared to give them your uncle's full name, date ... | |
| insurance/scam | 2/26/2010 |
| Q: My 86yr old grandmother has been ill...I asked for her life insurance info and found she has been ... A: I'm no expert on Texas insurance law, but I've never seen a whole life insurance policy with no cash ... | |
| term insurance | 1/30/2010 |
| Q: I own a term increasing premium whole life to age 74 policy. The premiums increase annually. As I ... A: I'm not sure what "term increasing premium whole life" is. Term generally has no cash values and ... | |
| Professional &Business Men's Life | 1/9/2010 |
| Q: My father has a very old life insurance policy with Professional & Business Men's Life. I am not ... A: Insurance companies are regulated by the individual states. I suggest starting with the insurance ... | |
| Policy Value | 12/29/2009 |
| Q: I am one of several beneficiaries of a life insurance policy of a aunt of mine in which the annual ... A: I'm sorry you have to live in angst about the amount of the policy. Generally, these policies are ... | |
| Policy Value | 12/28/2009 |
| Q: I am one of several beneficiaries of a life insurance policy of a aunt of mine in which the annual ... A: No telling, as you don't give an age of the aunt, how long the policy has been in force, whether she ... | |
| should i surrender term life | 11/20/2009 |
| Q: have $18000 term life from work and am mow retired and 66,have continued premiums but the whole ... A: Whole life is never canceled automatically. There are several ways to reduce or eliminate payments ... | |
| should i surrender term life | 11/20/2009 |
| Q: have $18000 term life from work and am mow retired and 66,have continued premiums but the whole ... A: It appears that you have a cash value policy - not term life - that is part of a profit sharing ... | |
| taxation of life ins. death benefits | 10/22/2009 |
| Q: I rec. the proceeds of life insurance when my brother died. Are these dollars taxable to me. Also, ... A: In most instances, life insurance proceeds are not subject to income taxes. However, if your ... | |
| IUL | 9/26/2009 |
| Q: Who should purchase Indexed Universal Life? Why should someone purchase this product? When in life ... A: I would prefer to use the word "would" rather than "should," as the latter implies that someone else ... | |
| Life Insurance Policy | 9/20/2009 |
| Q: My grandmother died back in 97 and my dad was the beneficiary. My dad did not know about this policy ... A: Sorry about the passing of your dad. If he was in fact the sole primary beneficiary, the proceeds ... | |
| Long term care | 8/13/2009 |
| Q: Given the following scenario, would you advise the purchase of long term care insurance? Husband ... A: On the face of it, you are arguably at the level of income and assets where you could afford to fund ... | |
| old life insurance companies | 8/11/2009 |
| Q: I am trying to find out if State Mutual Life Insurance Company and State Mutual Life Association are ... A: I'm not familiar with that name. You might try two approaches: contacting the MIB's policy search ... | |
| old life insurance companies | 8/11/2009 |
| Q: I am trying to find out if State Mutual Life Insurance Company and State Mutual Life Association are ... A: Life insurance companies don't just go out of business. As entities that are regulated by the ... | |
| told not to annuitize | 8/10/2009 |
| Q: I'm 58 and have a 5 year fixed annuity, I've had it just one year. I was talking to an investment ... A: When I first entered the industry, I believed that contracts like annuities had certain mystical ... | |
| Overfunded Life Insurance | 7/24/2009 |
| Q: I am 55. I wound like to safe for my retirement. I have several IRAs, and a 401K safe harbor. I ... A: 1. Yes. TEFRA limited the amount you can put into a policy during a given seven year period ... | |
| Overfunded Life Insurance | 7/23/2009 |
| Q: I am 55. I wound like to safe for my retirement. I have several IRAs, and a 401K safe harbor. I ... A: It's hard to say. Do you need the life insurance component of the policy? There is a cost for that, ... | |
| Breast Cancer | 7/22/2009 |
| Q: Recently discovered that I have breast cancer. Can I get disability insurance prior to surgery? A: My wishes for a successful surgery and speedy recovery. The short answer to your question is no. ... | |
| How much and what balance? | 7/10/2009 |
| Q: My wife and I are both 59. We have two boys, one age 27 and employed, the other 24 and about to ... A: Jim: Thanks for a most detailed and challenging question. First, let me say that as a Boomer just ... | |
| TAXES & INSURANCE | 6/25/2009 |
| Q: I have insurance on my wife over $1 million dollars and we found out she was diagnoses with stage 4 ... A: First, let me offer my prayer that the doctors will be confounded and your wife will be healed. ... | |
| LTC | 6/15/2009 |
| Q: What are days in LTC when the bed is not being used called ? Say my grandmother wanted to come home ... A: This is called a bed reservation benefit. A long term care insurance policy usually provides for a ... | |
| Flexible Premium Variable Life Insurance | 6/7/2009 |
| Q: I feel I was pressured by an agent in 1998 cancel a Life Ins. Policy with the Knights of Columbus ... A: I'm sorry to learn you were hard sold a policy that is clearly not appropriate for you. While most ... | |
| US Army life Insurance from 1944 | 5/30/2009 |
| Q: My dad died in 1985 and I just found a booklet that says "Soldier's Individual Pay Record" and on ... A: Contact the Veteran's Administration and provide your Dad's old military I.D. number or at least his ... | |
| disability insurance | 5/25/2009 |
| Q: Best DI company if you have preexisting conditions. What are your recommendations. A: I'm not aware of any "best" company - if that means that they will ignore a pre-existing condition. ... | |
| Life Insureance | 5/18/2009 |
| Q: My ex- fiance died I didn't find out until one year later. By coincidences I fond out I was still on ... A: If you know the name of the insurance company, you should call them. If not, start by googling the ... | |
| insurance | 4/8/2009 |
| Q: My sister died March 27, 2009 how long does it usually take for the insurance policy to pay out ... A: Please accept my condolences on your sister's passing. I know this must be a very difficult time for ... | |
| disability premium taxation | 3/24/2009 |
| Q: i have a sole proprietor who is wandering if her individual disability policy premiums are tax ... A: The answer is maybe. If a sole proprietor wishes, they can deduct the premiums for a disability ... | |
| Life Insurance Payout / Beneficiary | 3/18/2009 |
| Q: To my knowledge I am a named beneficiary on a Life Insurance Policy (one of two beneficiaries); but ... A: If you are a named beneficiary, you have a right to file a claim against the policy. Having the ... | |
| beneficiary of life insurance | 3/17/2009 |
| Q: My boyfriend and I have been living together for 9 yrs. He recently passed away and he named me his ... A: Please accept my condolences on the loss of your loved one. With that said, this is a question with ... | |
| life insurance and hospice | 3/8/2009 |
| Q: my brother was just admitted to a hospice facility. His only income was a small pension and social ... A: First, let me express my sympathy for your brother's condition. I know from my own mother's ... | |
| Life Insurance Benificiary | 3/6/2009 |
| Q: My wife passed recently. I have to revise all 5 Life Insur Beneficiaries. Should I go A)to all 5 ... A: I suggest leaving each policy equally to five children, per stirpes. This in Latin means "by the ... | |
| Iniversal Life Versus Varriable and Adjustable Life | 2/6/2009 |
| Q: I oversee a small minstry for a livinf am 54 years old, a non smoker, and have no children no real ... A: Karl: None of the investment or savings vehicles has the ability to instantly create an estate in ... | |
| taxes on life insurance | 1/19/2009 |
| Q: IS IT TRUE THAT IF YOUR EMPLOYER PAYS FOR YOUR LIFE INSURANCE THAT YOU WILL BE TAXED ON ANYTHING ... A: Yes. Up to $50,000 of group life insurance may be paid by your employer and not included in your ... | |
| about my life insurance | 1/5/2009 |
| Q: YES MY EX-HUSBAND PASSED AWAY ON CHRISTMAS DAY AND HE WAS ON MY LIFE INSURANCE.WHEN WE DIVORCE I ... A: Please accept my condolences on the death of your ex-husband. I'm not sure who you called, but ... | |
| Life Insurance | 12/22/2008 |
| Q: My grandpa had taken a life insurance policy out on my mother. Since then my grandpa has passed but ... A: If grandpa didn't name a successor owner, the policy passes into his estate and would be owned by ... | |
| EIUL | 12/20/2008 |
| Q: I dont agree with your statement on EIUL not outperforming a mutual fund. EIULs have a floor of ... A: Interesting points, and in my opinion, valid. FIFO withdrawal treatment is of course not unique to ... | |
| 2nd To Die Life Insurance Policy | 11/20/2008 |
| Q: First of all thank you for this service and for the courtesy and time to review and respond to this ... A: Your situation is quite complicated, so I will try and just add some point to ponder. First, ... | |
| What exactly does a CLU do? | 11/17/2008 |
| Q: I see that you have CLU after your name, and so does my financial representative. So I am wondering ... A: On the surface, it sounds as if you are getting good advice from a financial advisor who has the ... | |
| Life insurance | 11/10/2008 |
| Q: My husband purchase a $250,000 term life insurance when we got married in 1999. He passed away just ... A: Mary: It's sad that some pathologist has sullied your husband's memory with this nonsensical ... | |
| REGARDING ICICI PRUDENTIAL LIFE INSURANCE...... | 11/8/2008 |
| Q: PLEASE HELP ME OUT.....GOT CHEATED BY ICICI PRUNDENTIAL LIFE INSURANCE..........URGENTLY...… i have ... A: Start by calling the Prudential agency and giving them your policy number. If you do not get a ... | |
| disability insurance | 9/23/2008 |
| Q: I have been receiving permanent disability payments for six years and I am scheduled to receive them ... A: It's an understandable error to assume that the AIG that is paying your disability is the same AIG ... | |
| Life Insurance | 9/23/2008 |
| Q: My wife's father recently passed away, and we found a few old life insurance policies. How do I find ... A: I am sorry for your loss. I get many questions such as this. The fact that there are fifty state ... | |
| Long term care insurance | 9/15/2008 |
| Q: I'll be 60 years old in 2 weeks. I'm wondering how much long term care insurance I need and about ... A: First, call a few nursing homes and home health agencies in your area. Major companies such as John ... | |
| Equity Index Life insurance | 9/13/2008 |
| Q: Is Equity Index Life insurance a good investment VS Term life insurance and put the remaining ... A: If you are young and healthy, the simple answer is: buy term and invest the difference. The real ... | |
| Life Insurance | 9/10/2008 |
| Q: My grandmother recently passed away and had sent me a life insurance policy several years ago with ... A: Medical Information Bureau (MIB) has a policy finder. You will need your grandmother's name, maiden ... | |
| life insurence | 9/6/2008 |
| Q: , I had just recieved my SSI afther a long waite . I have no life insurence and none on one of my ... A: If you are eligible to receive SSI (Supplemental Security Income) through Social Security, you are ... | |
| beneficiaries | 8/27/2008 |
| Q: My mother died in 2005. Her boyfriend forged a marriage license to gain marital assets. I want to ... A: I'm allowed to give my opinion here, so here goes. Just so you understand that this isn't a ... | |
| LIfe Insurance | 7/31/2008 |
| Q: I have been paying for life insurance since about 2002, just recently I noticed on my last paycheck, ... A: This case presents some interesting issues. I'm assuming that this is group term life. If it's ... | |
| life insurance | 7/13/2008 |
| Q: i have always had life insurance, but have been unclear as to how they work. If for instance i ... A: Life insurance pays a "death benefit" on the death of an insured person. In most cases, it does not ... | |
| Life Insurance Claim Delay | 7/7/2008 |
| Q: I opened a life insurance policy on my mother after finding out that she did not have any life ... A: A life insurance company will automatically investigate any claim that occurs within one year of the ... | |
| LIFE INSURANCE | 7/1/2008 |
| Q: Hello I wonder if i should take my life insurance policy out it has money in it I have really been ... A: Carolyn: While the conventional wisdom is that you don't need any life insurance, who would pay for ... | |
| Life Insurance/Creditors | 6/5/2008 |
| Q: I have a policy through work with my two "children" as beneficiaries (single mom). I'm thinking of ... A: While I'm not an expert in insurance law, it's my understanding that life insurance proceeds are ... | |
| My Mother | 6/3/2008 |
| Q: I have a single mother who is an alcoholic. She currently lives by herself and has no insurance ... A: I can fully sympathize with your situation. My mother was an alcoholic as well. While she was ... | |
| Disablity insurance for children | 5/24/2008 |
| Q: Dave, I hear stories of children who become disabled playing high school sports such as lacrosse, ... A: Disability insurance is designed to replace lost time, lost duties, or lost income. These all ... | |
| life insurance for international person ... | 5/14/2008 |
| Q: Bowman, I am wondering if you knew of any companies that offered life insurance to international ... A: Most countries have resident life insurance companies that offer policies protecting you if you live ... | |
| life insurance | 5/1/2008 |
| Q: I am 60 years old and had a couple heart attacks back in the early 90's. But am doing fine and ... A: Bruce, thank you for the additional information regarding prior attempts at getting life insurance. ... | |
| life insurance | 5/1/2008 |
| Q: I am 60 years old and had a couple heart attacks back in the early 90's. But am doing fine and ... A: Bruce: I admire your commitment to your grandchildren. This is the "lost" generation. Your income ... | |
| RTA while personally insured but forgot to claim now ended | 4/24/2008 |
| Q: its all in the title really, can i make any claim still? the insurance was taken out with ... A: I'm guessing that RTA means "return to activities." All insurance companies have a time limit on ... | |
| Life Insurance | 3/27/2008 |
| Q: Can an unmarried, never been married male purchase life insurance and have his brother and/or nieces ... A: Sure. The main restriction on purchasing life insurance is insurable interest - is there a ... | |
| pre-existing condition | 3/19/2008 |
| Q: I would like to know if there are any life insurance policies that would insure persons with ... A: With end stange renal disease your husband would not qualify for life insurance on an individual ... | |
| Whole Life/ Suze Orman | 3/12/2008 |
| Q: Dave, I hear that Suze has nothing postitive to say about Whole Life. I just heard that her boss ... A: That's an interesting question. I had not heard anything about her boss buying whole life insurance. ... | |
| health | 2/20/2008 |
| Q: how i can stop smoking? A: I'm not a psychologist, but I have some training in behaviorism and have learned something about ... | |
| Suze Orman on Whole Life | 1/22/2008 |
| Q: Dave, I just read your answer to the man who owns whole life through Knights of Columbus (which ... A: Marc for the true and kind words. I respect the thoughtfulness behind them. A few notes that are ... | |
| Rio Grande national | 1/9/2008 |
| Q: I have a policy dated 1/1/62 from Rio Grande National Life Insurance Company. Are they still in ... A: Nina: Many old insurance companies have been merged into other companies over the years. The best ... | |
| Term Life Payouts | 1/5/2008 |
| Q: Do you know of recents studies regarding term life insurance payouts? I know that a number of ... A: I refer you to an article by Arthur L. Williams in the Sept. 1964 Journal of Risk and Insurance. The ... | |
| COBRA Insurance | 1/2/2008 |
| Q: Need your inputs. I changed my job and on to new Health Insurance from my new company from Dec 01 ... A: I was a whole-time rep for Principal for twenty plus years, and am now independent. What I suggest ... | |
| COBRA Insurance | 12/28/2007 |
| Q: Need your inputs. I changed my job and on to new Health Insurance from my new company from Dec 01 ... A: Kish: Thanks for your question. Because you both had prior coverage you need not worry about any ... | |
| Life Insurance Death Benefit | 12/15/2007 |
| Q: My spouse is beneficiary on her brothers $100K life insurance. I know that she will receive this ... A: You probably know this, but gifts to individuals are limited to $12,000 per year without having to ... | |
| Required Info on COBRA Insurance | 11/6/2007 |
| Q: Greetings. My wife is pregnent now. She is due for delivery in April 2008. I am changing my ... A: Kish: My suggestion would be to take the new employers coverage for both of you right off the bat. ... | |
| life insurance coverage | 10/22/2007 |
| Q: Can I get coverage while taking blood pressure medicine. I have it under control. I do not smoke or ... A: While life insurance underwriting varies somewhat from company to company, most underwriters today ... | |
| Disability insurance | 10/18/2007 |
| Q: my husband has Crohns disease and has no life or Disability insurance. He is currently working as an ... A: Most private disability income and life insurance policies require medical underwriting, as your ... | |
| Index UL | 9/24/2007 |
| Q: I read an answer you gave to an individual asking about investing thier equity in an indes UL ... A: The purpose of life insurance is to "create an estate in discounted dollars." It is not primarily ... | |
| Life policy on grandparent | 8/18/2007 |
| Q: Is it possible to take a life insurance policy out on one's grandparent? While initially turned off ... A: I've not heard of this being done at the prompting of a child or grandchild. However, an insurable ... | |
| Globe life insurance | 8/14/2007 |
| Q: I recently took out a policy on my husband who is 20 years older than myself. I really didn't do ... A: Checking the background of an insurance company is fairly simple. The most widely respected company ... | |
| Life Insurance Policy | 7/6/2007 |
| Q: Bowman: Me and a close friend of mine were going to open up our own engineering company. Due to the ... A: Robert: Thanks for your kind comments on the ratings portion of this site. Another idea occurred to ... | |
| Salary Protection | 6/19/2007 |
| Q: I would like to know if there is something called salary protection insurance. If I get disabled, ... A: Disability income insurance is protection against loss of income, loss of time, or loss of duties. ... | |
| Life Insurance Claim | 6/5/2007 |
| Q: My daughter's father recently passed away and in his things were 2 life insurance policies that ... A: There is no reason that the beneficiary of a life insurance policy can't file a claim if the policy ... | |
| long term care insurance | 4/4/2007 |
| Q: what are some of the ques. i should ask about a long term care policy? A: First, a website you may find helpful: www.longtermcareadvisors.info Here is what you need to ask: ... | |
| LTD SSD & Domestic Partners Retirement | 3/23/2007 |
| Q: My Registered Domestic Partner (CA) is on disability through Social Security and LTD (Alliant). He ... A: Most LTD contracts will offset income received from "primary" Social Security Disability (as opposed ... | |
| equity indexed life insurance | 2/26/2007 |
| Q: I am considering purchasing a equity indexed life insurance policy for my wife. The main reason is ... A: Gary: The real issue here is whether life insurance is or ought to be an equity-based investment. ... | |
| Do I need a life insurance now? | 12/27/2006 |
| Q: I'm a 32-year-old female, and trying to get pregnant, but hasn't been successful yet for the past 6 ... A: Not taking sides you understand. In my view, you need life insurance if someone depends on your ... | |
| EIUL? | 12/22/2006 |
| Q: why do I always hear about how not to use life insurance as an investment? I admit I have limited ... A: This is a complicated question, but I will try to answer it in a way that people can benefit from. ... | |
| signatures | 12/19/2006 |
| Q: My sister worked for insurance companies for 10 years and I have more than a strange suspicion that ... A: In answer to your second question, an adult must consent to a policy being taken on his or here own ... | |
| Life Insurance | 10/30/2006 |
| Q: Do creditors have a claim on life insuarnce proceeds to settle unsecured loans? A: I am assuming you mean the cash surrender values of a policy prior to death. The general answer, ... | |
| Equity indexed Universal Life Insurance | 10/1/2006 |
| Q: My husband and I are struggling to pay bills and keep our house. We presently have the house on the ... A: Linda: You have a lot of questions rolled into one. I am not in a position to recommend or not ... | |
| Equity indexed Universal Life Insurance | 9/2/2006 |
| Q: I am thinking about refinancing my home, taking cash-out, and putting the cash into one of these ... A: I am not a fan of E-I life insurance or annuities. The primary advantage of E-I annuities and life ... | |
| cash value | 8/18/2006 |
| Q: i have a whole life insurance policy with AFLAC and i am considering dropping because i can get a ... A: The simple answer is, if you cancel the policy, you get the cash surrender value back. Be sure you ... | |
| Whole Life 1/3/2004 | 7/26/2006 |
| Q: Dave, I read your 1/3/2004 response on the subject of Whole Life Insurance. I have heard before the ... A: Kerry: Here's the story on that: In the spring of 1993, Penn State University completed a study ... | |
| Elapsed life insurance money | 7/24/2006 |
| Q: In 1975 my parents started a life insurance policy for $5,000 on me. I have since took over the ... A: Lapsed life insurance policies genarally provide one of two automatic options: extended term life or ... | |
| Life Insurance | 7/18/2006 |
| Q: My husband recently found out he has hepititis C, and chirohsis of the liver. Can I still apply and ... A: Dawn: A lot depends on the course of his treatment over time. It's pretty unlikely that he could ... | |
| beneficiary? | 6/30/2006 |
| Q: I am trying to help the family of a 45 year old single female (never married, no children) who just ... A: As I can't give legal advice, this is not to be construed as legal advice. It's my understanding ... | |
| Variable Annuity | 3/24/2006 |
| Q: I'm considering investing in a Variable Annuity with Ohio National. My questions are: 1) Where can ... A: A.M. Best and Co. has been rating insurance companies since 1899. Their website is at ... | |
| looking for insurance with pre-exsiting issues | 3/8/2006 |
| Q: I am 33 year old female (1972) married with one child. About 3 weeks ago my doctor told me I had an ... A: I do not work extensively with health insurance. However, usually insurance excludes pre-existing ... | |
| life | 2/7/2006 |
| Q: what is the meaning of life? A: I can't comment here on the meaning of life, as that's under the philosophy or religion heading. My ... | |
| company health insurance | 11/25/2005 |
| Q: i work at a hospital and they have health insurance for their employees (at the employees expense). ... A: Health insurance is kind of like auto insurance in that it does not build cash value or pay ... | |
| Life insurance company recommendation | 11/8/2005 |
| Q: ! Mr. Bowman, I am interested in a term life insurance policy for myself and my wife. We are 50 ... A: You can go online and find lots of companies that are "build-friendly." Since you don't save any ... | |
| Annuities | 8/25/2005 |
| Q: Are all annuities, fixed rate and variable, tax deferred? I thank you for your rpely. A: In general, yes. All annuities that are not set up as tax-qualified retirement plans (i.e IRA's, ... | |
| insurance | 5/17/2005 |
| Q: I want to get insurance but can u recomment some changes in what I presently have. I thank you. I am ... A: Dilena, Dilena: What you need is not insurance advice. You need a financial advisor! Let's start ... | |
| Quick Question | 5/3/2005 |
| Q: I was curious if somebody could recommend a very good term life insurance, that builds up value and ... A: I do not recommend products on this website. However, I need to clear up some confusion on your ... | |
| Statistics | 4/19/2005 |
| Q: Would you happen to have any data regarding the approx number of families per year that suffer the ... A: I don't have the statistics on that. LIMRA, the Life Insurance Marketing and Research Association, ... | |
| Income tax on life insurance | 3/19/2005 |
| Q: I am 68 years old and have social security and a small pension (1300/mo from Soc. Sec. and 450/mo ... A: Sylvie: Sorry to learn of your ex-husband's death. As for income taxes, the money is yours, tax ... | |
| Websites or companies that compare insurance rates | 3/8/2005 |
| Q: Can you suggest sites to compare life(term) insurance rates. I feel better going by others ... A: I have used term4sale.com previously. As a broker, I have access to online sites that allow me to ... | |
| Annuity question | 2/22/2005 |
| Q: Please understand that I realize that any answer to this question will be a seat-of-the-pants ... A: You're correct in that it's hard to make recommendations without knowing more of the facts ... | |
| Flexible PremiumVariable Universal Life Insurance policy | 12/31/2004 |
| Q: In 12/02, at age 65, I purchased a VUL after being given what I feel was only partial information ... A: Hazel: My heart goes out to you for the struggle you are having. This struggle is as a result of a ... | |
| Life Insurance | 12/23/2004 |
| Q: A friend didn't past the insurance medical test because of his weight and blood pressure rate about ... A: When you apply for life insurance, there is a report made by the insurance company to MIB, the ... | |
| Actuarial Question | 12/22/2004 |
| Q: There is a widespread belief that, if one spouse dies, the other spouse dies sooner than he/she ... A: Yes. Actually, but not for both sexes. If a woman dies, her spouse has a 29% increased mortality. ... | |
| Life Insurance | 12/20/2004 |
| Q: What would you advise as the best venue to take regarding life insurance at this stage of my life. I ... A: Your question is one that is repeated tens of thousands of times. Group insurance is almost always ... | |
| Insurance Policy | 12/19/2004 |
| Q: Do insurance companies ask you on the application if you have filled out an application or taken a ... A: Without knowing more, I think what you are touching on is the Medical Information Bureau. This is ... | |
| Term or Life Insurance | 12/17/2004 |
| Q: I am thinking term insurance is the best thing for a man that is 55 years old, who wants his spouse ... A: The question is what can he afford, and what does he want to do. Does he want to provide the ... | |
| Actuarial Tables | 12/16/2004 |
| Q: I've heard a new series of actuarial tables (which show that people are living longer) are going ... A: I have a secret for you. You can buy term life from a real live financial rep. for the same price as ... | |
| Life Insurance- Prior Heart Attack | 12/14/2004 |
| Q: I am a 50 year old male and had a Light, Bottom Wall M.I. due to a 100% blockage of the Right ... A: It's always dangerous to do a life underwriter's job for them (I mean the kind you find in home ... | |
| "Preneed" insurance | 10/31/2004 |
| Q: Once upon a time I sold preneed insurance to individuals choosing to preplan their funerals with a ... A: Hester: Every state has a state insurance department that is responsible for licensing of life, ... | |
| Life Insurance | 10/20/2004 |
| Q: Last year I finally got married--my wife and I are both in our early 50s--and my wife's been saying ... A: and congratulations on your matrimony. I am also in my "early" 50's (55), and have been married for ... | |
| Independent Agent | 10/14/2004 |
| Q: What's the best way that one can become an independent insurance agent today? I used to sell a ... A: Mike: As a Charetered Life Underwriter, and a 23-year veteran of this industry, I have to tell you ... | |
| Insurance writer | 9/13/2004 |
| Q: Could you please inform me on what insurance writer is, and the pro and cons. I am looking for term ... A: I believe what you are referring to is a "rider." A rider is an option that you add to policy to ... | |
| Pre-existing conditions? | 3/19/2004 |
| Q: I may be switching insurances in the coming six months and my wife and I are having our first child. ... A: First, please accept my apology for the delayed response. I was on vacation last week, but neglected ... | |
| selling annuities | 2/15/2004 |
| Q: What in your opinion is the best way to convince a person to cash in their CDs to buy an annuity, or ... A: I'm assuming you are insurance licensed and want to help people with their money. First, let me ... | |
| Life and Disability Insurance | 1/20/2004 |
| Q: 1)I am trying to decide whether I need, Term Life or Whole Life Insurance. I am in my late 30's with ... A: First, buy disability. The threat is greater and it's harder to qualify for. If there's no state ... | |
| Whole Life Insurance | 1/3/2004 |
| Q: I have a whole life policy, through the Nights of Columbus. There is a respected financial advisor, ... A: With all due respect to Suze Orman, she doesn't have a CLU designation, and her thoughts on whole ... | |
| perm. life insurance | 2/24/2003 |
| Q: a broker recommended we get permanent life ins. as a way to get the extra life ins. we need and save ... A: From the amount of information here, it's hard to tell for sure. The advantages of permanent life ... | |
Life & Health Insurance
Answers by Expert:
Dave Bowman
Top Expert on this page
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I will answer questions of a general nature regarding life insurance, disability income insurance annuities (fixed and variable) and long term care insurance. Also, questions regarding estate analysis. No legal or accounting advice, as I am not a lawyer or a CPA. I do not sell health insurance, so have limited knowledge of the current status of that field.
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Families, professionals, small businesses, individuals.
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