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Life & Health Insurance/Questions Answered by Expert Dave Bowman

SubjectDate 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 Person11/14/2011
  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 insurance6/30/2011
  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 insurance1/12/2011
  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 insurance1/8/2011
  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 account1/1/2011
  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 question12/30/2010
  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 insurance11/11/2010
  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 seniors10/22/2010
  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 Insurance7/28/2010
  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 insurance7/8/2010
  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 med6/28/2010
  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 citizenship6/18/2010
  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 640106714/9/2010
  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 640106714/8/2010
  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 policy3/28/2010
  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 Benefits3/8/2010
  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/scam2/26/2010
  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 insurance1/30/2010
  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 Life1/9/2010
  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 Value12/29/2009
  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 Value12/28/2009
  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 life11/20/2009
  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 life11/20/2009
  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 benefits10/22/2009
  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 ...
IUL9/26/2009
  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 Policy9/20/2009
  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 care8/13/2009
  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 companies8/11/2009
  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 companies8/11/2009
  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 annuitize8/10/2009
  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 Insurance7/24/2009
  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 Insurance7/23/2009
  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 Cancer7/22/2009
  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 & INSURANCE6/25/2009
  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. ...
LTC6/15/2009
  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 Insurance6/7/2009
  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 19445/30/2009
  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 insurance5/25/2009
  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 Insureance5/18/2009
  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 ...
insurance4/8/2009
  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 taxation3/24/2009
  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 / Beneficiary3/18/2009
  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 insurance3/17/2009
  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 hospice3/8/2009
  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 Benificiary3/6/2009
  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 Life2/6/2009
  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 insurance1/19/2009
  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 insurance1/5/2009
  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 Insurance12/22/2008
  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 ...
EIUL12/20/2008
  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 Policy11/20/2008
  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 insurance11/10/2008
  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 insurance9/23/2008
  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 Insurance9/23/2008
  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 insurance9/15/2008
  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 insurance9/13/2008
  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 Insurance9/10/2008
  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 insurence9/6/2008
  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 ...
beneficiaries8/27/2008
  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 Insurance7/31/2008
  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 insurance7/13/2008
  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 Delay7/7/2008
  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 INSURANCE7/1/2008
  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/Creditors6/5/2008
  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 Mother6/3/2008
  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 children5/24/2008
  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 insurance5/1/2008
  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 insurance5/1/2008
  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 ended4/24/2008
  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 Insurance3/27/2008
  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 condition3/19/2008
  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 Orman3/12/2008
  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. ...
health2/20/2008
  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 Life1/22/2008
  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 national1/9/2008
  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 Payouts1/5/2008
  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 Insurance1/2/2008
  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 Insurance12/28/2007
  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 Benefit12/15/2007
  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 Insurance11/6/2007
  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 coverage10/22/2007
  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 insurance10/18/2007
  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 UL9/24/2007
  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 grandparent8/18/2007
  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 insurance8/14/2007
  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 Policy7/6/2007
  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 Protection6/19/2007
  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 Claim6/5/2007
  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 insurance4/4/2007
  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 Retirement3/23/2007
  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 insurance2/26/2007
  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. ...
signatures12/19/2006
  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 Insurance10/30/2006
  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 Insurance10/1/2006
  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 Insurance9/2/2006
  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 value8/18/2006
  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 1/3/20047/26/2006
  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 money7/24/2006
  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 Insurance7/18/2006
  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 Annuity3/24/2006
  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 issues3/8/2006
  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 ...
life2/7/2006
  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 insurance11/25/2005
  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 recommendation11/8/2005
  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 ...
Annuities8/25/2005
  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, ...
insurance5/17/2005
  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 Question5/3/2005
  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 ...
Statistics4/19/2005
  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 insurance3/19/2005
  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 rates3/8/2005
  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 question2/22/2005
  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 policy12/31/2004
  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 Insurance12/23/2004
  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 Question12/22/2004
  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 Insurance12/20/2004
  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 Policy12/19/2004
  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 Insurance12/17/2004
  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 Tables12/16/2004
  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 Attack12/14/2004
  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" insurance10/31/2004
  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 Insurance10/20/2004
  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 Agent10/14/2004
  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 writer9/13/2004
  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 annuities2/15/2004
  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 Insurance1/20/2004
  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 Insurance1/3/2004
  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 insurance2/24/2003
  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 ...

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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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