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Life & Health Insurance/Questions Answered by Expert Michael Feinberg, ChFC
| Subject | Date Asked |
| life insurance | 1/13/2012 |
| Q: I am paul writing from malta,europe. I wish to purchase a life policy and do not want to get quotes ... A: I apologize, but the insurance companies I am familiar with are primarily US-based insurers. ... | |
| Life Insurance | 9/13/2011 |
| Q: I'm a 40 yr old NJ resident & I'm contemplating to buy $100,000 worth of life insurance with my wife ... A: . I apologize for the delay in getting back to you. As an independent broker I can definitely ... | |
| life insurance | 7/29/2011 |
| Q: My mother received a letter from insurance company stating that she was paid $2500 in death benefits ... A: Sorry for the delay in responding to your question. I'm not quite sure how to handle a situation ... | |
| Life Insurance | 7/21/2011 |
| Q: I have UNUM life insurance through work and it also covered my husband. We divorced 03/01/04 and I ... A: The question isn't whether he was ENROLLED -- the question is whether he was ELIGIBLE to be ... | |
| Life Insurance | 7/19/2011 |
| Q: I have UNUM life insurance through work and it also covered my husband. We divorced 03/01/04 and I ... A: It would be hard to definitively answer your question without having more details about the specific ... | |
| Term Life Insurance | 7/13/2011 |
| Q: My father passed away November 10th, 2010. We just found out that he had a term life insurance ... A: Dawn, I'm sorry for the substantial frustration that you must be dealing with in the wake of the ... | |
| life insurance policy | 6/29/2011 |
| Q: How do I find out if my Father took out a life insurance policy for me? He had told my sister at ... A: The only way I know of that purports to help people find insurance policies when they don't have any ... | |
| husbands life insurance policy from childhood | 4/1/2011 |
| Q: my MOTHER IN LAW TOLD ME YEARS AGO THAT SHE BOUGHT A POLICY FOR MY HUSBAND When he was born AND ... A: The only method I'm familiar with is found at the following link: ... | |
| Life Insurance. | 3/29/2011 |
| Q: We reside in New York. I am currently divorces. When I was married my husband was an Allstate agent ... A: The ownership of an insurance policy determines who is authorized to make changes to the policy ... | |
| Should the life insurance money be used to pay for funeral? | 1/5/2011 |
| Q: My Brother suddenly passed away 2 1/2 months ago at the age of 50. He was single and no children. ... A: I feel for you in your situation and apologize that I cannot provide a more definitive answer, ... | |
| term life insurance | 12/26/2010 |
| Q: I am 55, prostate cancer survivor (5yrs post surgery),also an ex-smoker(6months) with a touch of ... A: As an experienced field underwriter with over 50 companies, I would agree that you may have some ... | |
| Reader`s Digest endorsed life insurance | 10/17/2010 |
| Q: My aunt died in a car crash years ago. Her spinster sister is very ill and told me on her deathbed ... A: I'm sorry, but I didn't see anything in my online research. I don't have any firsthand knowledge ... | |
| defunct life insurance company? | 8/2/2010 |
| Q: My in-laws had a life insurance policy during the 70's and paid high premiums to Jayhawk Life ... A: There is limited data on Jayhawk Life Insurance Company available online -- it appears from an SEC ... | |
| life insurance | 7/28/2010 |
| Q: Can you please tell me what happens when someone dies and the beneficiaries of some life insurance ... A: That's an interesting question. In most cases, if a primary beneficiary is alive but cannot be ... | |
| Beneficiary question, ex spouse | 7/15/2010 |
| Q: My ex spouse committed suicide about a month ago. Considering we divorced almost four years ago I ... A: This is going to be more of a legal question than one to be answered by a product specialist such as ... | |
| life insurance with med condition | 6/28/2010 |
| Q: I would like to buy life insurance on my dad but he has an exisiting heart condition- coronary heart ... A: Depending on the specific details (timing, severity, procedures necessary, followup since then, etc) ... | |
| life insurance - how much? | 6/15/2010 |
| Q: I recently turned 55; health is fine; federal employee; 66K; children raised; married; husband (56) ... A: There's no real iron-clad "formula" but it's clear that alof ot your obligations to others ... | |
| Insurance Policies | 2/25/2010 |
| Q: My father just passed away last week. We can not find any of his insurance policies, and are not ... A: //www.mibsolutions.com/lost-life-insurance/ It's the only service I know of that presumes to be ... | |
| Life Insurance Underwriting with no Medical History | 2/20/2010 |
| Q: My husband and I are looking at purchasing term-life policies. He is 30, I am 29. Neither of us ... A: You ask an excellent question. A lack of medical history with regards to medical records, ... | |
| life insurance claim | 2/9/2010 |
| Q: My father died on November 29,2009. The company he has his life insurance policy through says that ... A: I am sorry to hear of your loss. The insurance company appears to be conducting a "contestability ... | |
| Health Insuranse Lapse | 1/16/2010 |
| Q: My situation is that I am a stay at home Mother. My Husband recently was hired into a new position ... A: I am frankly more of a resource on life insurance than on health insurance, but I believe that there ... | |
| unknown life insurance policy | 1/9/2010 |
| Q: My father hass passed away and his wife as well in the last few months.. I don't know if their is a ... A: This is a common question and unfortuantely it is very difficult to determine if there is a life ... | |
| life insurance policy or IRA account | 12/29/2009 |
| Q: I am a breast cancer survivor of five years and I lost my life insurance coverage when I was laid ... A: . there are a couple of issues at hand here. One is whether to invest rather than purchase an ... | |
| Life Insurance Proceeds | 12/28/2009 |
| Q: I have 6 life insurance policies and recently transferred ownership of them to my daughter. On 2 of ... A: Your concern is understandable, but as long as you are sure that the premiums are being paid with ... | |
| Life Insurance Proceeds | 12/17/2009 |
| Q: I have 6 life insurance policies and recently transferred ownership of them to my daughter. On 2 of ... A: Life insurance proceeds are generally not taxable.. presuming the premiums for these policies are ... | |
| Old Life Insurance Run Around | 12/4/2009 |
| Q: I'm trying to help my mother in law whose husband has just died. He had an old policy with ... A: If you have the name of the company correct then yes, I believe that you are referring to GEICO. ... | |
| Old Life Insurance Policy | 11/16/2009 |
| Q: My father, still living, has 3 life insurance policies on his children, from 1952, 1953, and 1957. ... A: My research shows that the Life Insurance Company of Virginia is now better known as Genworth ... | |
| policy | 10/16/2009 |
| Q: I was wondering if you knew what a "advanced premium deposit fund" is? My mother found an old ... A: Frankly, this sounds like a company-specific term and not a generally common part of a life ... | |
| pre-existing insurance question | 9/7/2009 |
| Q: My husband's life insurance policy has lapsed. I am planning to add him to my work life insurance ... A: I'm very sorry to hear about what seems like will be a very challenging time ahead. Unfortunately, ... | |
| term life insurance policy | 9/3/2009 |
| Q: I CURRENTLY HAVE A TERM LIFE INSURANCE POLICY WITH A MAJOR INSURANCE COMPANY. THE POLICY HAS BEEN IN ... A: Hard to say for sure because there are a few missing pieces of information (your current age, ... | |
| I suspect a life insurance policy was paid to the wrong person | 9/1/2009 |
| Q: I am actually asking on behalf of my boyfriend. Three years ago his brother passed away (six weeks ... A: Sounds as though there may be some state laws going on in this situation (some states have laws ... | |
| I suspect a life insurance policy was paid to the wrong person | 8/31/2009 |
| Q: I am actually asking on behalf of my boyfriend. Three years ago his brother passed away (six weeks ... A: I would find it very surprising that an insurance company would pay a life insurance death benefit ... | |
| life insurance | 8/15/2009 |
| Q: We are in the process of replacing our current life ins policies w/ Northwestern Mutual w/policies ... A: I'm sorry for the delay in answering your questions but it's a very good one. Replacements of ... | |
| Roth IRA & Life Insurance | 7/31/2009 |
| Q: I understand you cannot own life insurance in a traditional IRA. How about a Roth IRA. Looking to ... A: Since a Roth IRA is not taxed upon withdrawal -- you could simply withdraw the funds from the Roth ... | |
| HSAs follow-up | 7/2/2009 |
| Q: Sorry if my question was unclear. A talk show discussion included positive statements about Health ... A: I do understand the question better now, thank you for restating. As an individual, health savings ... | |
| Insurance Policy on Children | 6/28/2009 |
| Q: My parents took out a life insurance policy on my sister in the 60's just after she was born. My ... A: I'm very sorry for the loss of your sister and I'm sorry that my answer is not likely to be good ... | |
| My father's life insurance policy | 6/10/2009 |
| Q: I have life insurance policies covering my Father, Mother and myself dating back to 1952. Both of ... A: I would think you should call the insurance company to find out -- do you have the policies? If ... | |
| Beneficiary designation | 5/5/2009 |
| Q: I have been asked on a life insurance policy if a parent names their son or daughter as the primary ... A: Meribeth -- I apologize but this is a question that specifically deals with state laws (which I ... | |
| Insurance Policy | 4/30/2009 |
| Q: My Grandmother purchased a $5000.00 policy on me when I was around 8 in 1980, paid in out. Now we ... A: I would go to www.mib.com and look towards the bottom of the page. They offer a policy locator ... | |
| Life Insurance on Absentee Parent | 4/16/2009 |
| Q: Actually, we just had a similar situation which DID happen and I wanted to know based on the answer ... A: Individual Life insurance policies require an application form which is signed by the proposed ... | |
| Long Term Policy Premium Increases | 4/3/2009 |
| Q: I took out a LTC policy seven years ago and the premium has gone from $508.90 p/y to a new premium ... A: Unfortunately there's nothing able to be done as the contracts are guaranteed renewable, which ... | |
| Life Insurance | 3/21/2009 |
| Q: I am a healthy 64 yr. old male. I have good blood pressure, colestral, weight 163 lbs and at the ... A: I do not think the family history will affect your abilities to get the best available rates in this ... | |
| not legally divorced and have work life ins | 3/4/2009 |
| Q: I am not legally divorced yet but have filed for divorce in California. I am currently awaiting a ... A: I would suggest you speak to a California lawyer who specializes in insurance law -- this is a legal ... | |
| IRA to Life | 2/8/2009 |
| Q: Can you roll a traditional IRA into a life policy? Say you have 50K in a traditional IRA, can you ... A: No, you cannot. You cannot do a tax-free transfer of funds inside an IRA to anything other than ... | |
| Mom's Life Insurance | 1/29/2009 |
| Q: A little over a year ago my mom suffered a stroke which ended up sending her to a nursing home. My ... A: The only method I am aware of that purports to "find" insurance policies is the following website: ... | |
| Taxation on a Transferred / Surrendered Whole Life Policy Issued in August of 1987 | 1/29/2009 |
| Q: Good Morning Michael, I sincerely appreciate you taking the time to possibly address a complicated ... A: It is a pretty complicated matter indeed, and unfortunately one that is much more a tax question ... | |
| Paid up Life Insurance Policy | 1/29/2009 |
| Q: My mother recently found a paid up life insurance policy that my dad took out on me when I was born ... A: If she found the policy, then you should have a policy number. Based on previous research on a ... | |
| no beneficiary for life insurance | 1/16/2009 |
| Q: My MOTHER currently set up my brother to be the beneficiary of my DAD's life insurance policy as he ... A: I think my answers are consistent. Your original email did not ask if your brother could prevent ... | |
| no beneficiary for life insurance | 1/16/2009 |
| Q: My MOTHER currently set up my brother to be the beneficiary of my DAD's life insurance policy as he ... A: Frankly, this sounds like more of an issue for an insurance attorney than an insurance agent since ... | |
| no beneficiary for life insurance | 1/16/2009 |
| Q: My MOTHER currently set up my brother to be the beneficiary of my DAD's life insurance policy as he ... A: If your father is listed as the "owner" of his own insurance policy (which in all likelihood he is), ... | |
| cancer policy | 1/8/2009 |
| Q: my wife and i recently picked up a cancer policy but afgter researching a bit on the internet, i ... A: Hard to say without knowing all of the details of both the cancer coverage and your existing medical ... | |
| Life Insurance | 1/5/2009 |
| Q: I have a home with a 240K mortgage. I'm 51, married with a grown son. My question is, is there a ... A: If the bank is not requiring insurance on your life (for instance, if you are simply trying to ... | |
| Life Insurance Beneficiary | 12/26/2008 |
| Q: My Dad called my Mother before he died and told her that since he had never been a part of our ... A: I am not aware of any public method to "find" an insurance policy, however I am aware of a "for-pay" ... | |
| Whole life insurance | 12/9/2008 |
| Q: I am the daughter of an 88 year old mother. she has a whole life policy for $5,000.00 that was ... A: Well, the good news is that she's lived a happy, healthy life. In many whole life policies where ... | |
| live insrance | 11/20/2008 |
| Q: I have a loan through Scotia bank here in Costa Rica. The loan is finalized accept for insurance. I ... A: First question -- are you a resident of Costa Rica? If not, what is your citizenship and primary ... | |
| Life Insurance | 11/20/2008 |
| Q: My Grandmother past away 6 years ago in October. She had life insurance for a minimum of 30 years ... A: I'm sorry to hear of your trouble. I would start by requesting copies of the documentation of the ... | |
| cash in on childs ins. | 11/11/2008 |
| Q: I bought ins.(10k) for my grandson when he was about 3 yrs old. I pay $12 premium a month on it. ... A: It's kind of hard to answer that without more details and even then it's somewhat subjective. What ... | |
| New Life/Health/Fixed Annuities Agent | 10/31/2008 |
| Q: I recently passed my the New York State Life/Health and Fixed Annuities exam and have applied for ... A: Congratulations on passing the exam. Personally I feel as though it is important to start out under ... | |
| health/life insurance | 9/26/2008 |
| Q: I'm A 34 year old father of three who was diagnosed with cancer almost two yrs ago with a 2 part ... A: I'm sorry to hear about your current situation and hope that you make a full and quick recovery. ... | |
| EIUL's | 9/16/2008 |
| Q: I am a new agent with a marketing firm that markets for the top 50 insurance co's. Our clients are ... A: I appreciate your question, however your interpretation of my answer to the previous question about ... | |
| Life insurance and beneficiary changes | 9/10/2008 |
| Q: I good frined of mine recently lost her husband to suicide. They have had their term life insurance ... A: David, technically, "contestability" refers to the insurance company's right to investigate and ... | |
| Life Insurance | 8/8/2008 |
| Q: My father in law recently passed away. He told my husband and his other children that they were all ... A: Jennine, it would be helpful if you know the insurance company name, but if you are not aware of any ... | |
| my obligations | 7/22/2008 |
| Q: several years ago my sister changed all insurance beneficiaries to me (she was a widow with six ... A: I'm sorry for the position you appear to have been put in here. I'm really not sure I'm qualified ... | |
| 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: Mike, if the life insurance policies are in force when you die, the beneficiary would need to file a ... | |
| transfer for value? | 6/11/2008 |
| Q: how can i get the cash value from 2 existing second to die policies into a new second to die policy, ... A: I will preface my answer, as I often do, by saying I am not a lawyer or as well-versed in insurance ... | |
| Income Protection Insurance / Health Insurance | 6/9/2008 |
| Q: I was a smoker fo over 10 years and now I have quit over a year ago. So I now tick the no smokers ... A: Kate -- if you are able to truthfully answer "no" to their smoking question, then you will be ... | |
| Help with 2 questions | 5/11/2008 |
| Q: I am a 32 year old male with good health. I have a wife 36 and 3 young children. I am looking to ... A: You are correct -- your options are plentiful, but the good news is that term life insurance is a ... | |
| I'm way past homework! | 4/20/2008 |
| Q: Sorry to waste your time. My question was honest and sincere. I'm sorry you didn't read it as such. ... A: None whatsoever and I apologize as well. I'm not sure you interpreted it wrong, I may be the one ... | |
| I'm way past homework! | 4/20/2008 |
| Q: Sorry to waste your time. My question was honest and sincere. I'm sorry you didn't read it as such. ... A: I'm not sure you are interpreting "homework" the same way I am -- I wasn't indicating your question ... | |
| EIUL insurance policy | 3/22/2008 |
| Q: I currently have a EIUL insurance policy. I am no longer sure and wasn't sure in the beginning if ... A: I would indeed probably suggest that you do look at a 30 year term policy (if you'd like, I can help ... | |
| EIUL insurance policy | 3/20/2008 |
| Q: I currently have a EIUL insurance policy. I am no longer sure and wasn't sure in the beginning if ... A: Really... it depends on if you need life insurance. I don't think it makes much sense to "overfund" ... | |
| life/funeral insurances | 3/8/2008 |
| Q: I am 38yrs old and have stage IV metastic lung cancer,I am needing to find out if i am still abl to ... A: I'm sorry to hear of your difficulty and while there are plans available with "no questions asked," ... | |
| Life Settlement | 3/5/2008 |
| Q: What is the term " Wet Paper " mean in the context of a life settlement. I have been studying Life ... A: I am not that familiar with life settlements, but I did find the following article doing a google ... | |
| Cutting Down Debt | 2/26/2008 |
| Q: I have a question for you (and I'm sorry for how long the explanation for the question is). I ... A: sounds like you've been doing quite a bit of consultation on this. My feedback is this: It SEEMS ... | |
| my mothers death | 2/20/2008 |
| Q: My mother passed away on 2/24/08 and my older sister wants a quick funeral.My sister has mentioned ... A: I'm sorry but I don't know of a way to find out private information such as if another person has an ... | |
| whole vs term | 1/28/2008 |
| Q: I am a single 32yr old female non smoker and I have a $25, 000 whole life insurance with statefarm ... A: I'm sorry for the delay in getting back to you with this answer. Term Life insurance is a temporary ... | |
| beneficiaries | 1/20/2008 |
| Q: Michael, My father recently pasted and left what would appear to be a simple Will. A life ... A: The only service I am aware of that offers to find "lost" insurance policies is: ... | |
| life insurance claim | 1/16/2008 |
| Q: My husband passed away 12-7-07 from a massive stroke. He was 47. The stroke occured 12-4-07 with ... A: I'm sorry to hear of your loss, that must have been very traumatic. With group term life, I would ... | |
| max out life insurance | 1/7/2008 |
| Q: Michael, I'd appreciate your help on a life-insurance matter. Is it possible to max out on ... A: Actually, it's a common misconception that people can buy as much life insurance as they're willing ... | |
| Life insurance vs Roth IRA | 1/4/2008 |
| Q: I have a whole life insurance policy that my grandmother started for me when I was born. I just ... A: You can roll cash value from an insurance policy into another insurance policy without having a ... | |
| insurance | 12/14/2007 |
| Q: I currently invest a large sum in a flexible premium adjustable life insurance with equity indexed ... A: Jacqueline -- it's very hard to know how to answer that without more details about the policy. It ... | |
| Trouble Obtaining a Death Certificate | 12/13/2007 |
| Q: My husband is trying to obtain a death certificate for his aunt who died a year ago for a life ... A: I'm not sure -- this is actually a legal question in need of an estate attorney more than it is an ... | |
| insurance | 12/10/2007 |
| Q: I currently invest a large sum in a flexible premium adjustable life insurance with equity indexed ... A: I tend to differ from many insurance agents in that I do not believe in the benefits of pouring ... | |
| Bank on Yourself | 11/27/2007 |
| Q: I would like to know what is down side and posible miss fortunes of Bank On Youself A: With my quick research, it would appear to be a method of using life insurance as a substitute for ... | |
| Fathers death / No beneficiaries - Update | 11/25/2007 |
| Q: * Hello, have not ever seen a reply for this. I am new to this site and I cannot find where you ... A: Sorry -- I am positive I answered this question but perhaps it did not transmit to you since you ... | |
| Incompetent mom's health insurance cancelled... | 11/5/2007 |
| Q: My mother was hospitalized (5150) for serious mental health problems. She's a Kaiser member. Kaiser ... A: Not that I am aware of, however it's important to note that I am an insurance product specialist, ... | |
| life policy transfer | 10/8/2007 |
| Q: 2 people own a business together and have life insurance policies where the other is the ... A: What type of policy are they? Do they have any intrinsic value (like a cash value in a whole or ... | |
| Life Insurance | 10/1/2007 |
| Q: Feinberg: My father started a new job in May 2007. He also started a life insurance policy at this ... A: I'm sorry but I don't know that there's a simple answer on this -- it will likely depend on the ... | |
| LIFE INSURANCE | 9/1/2007 |
| Q: I'M 27 YEARS MALE PERFECT HEALTH NON SMOKER I LIKE TO BUY LIFE INSURANCE BUT I DON'T KNOW WERE AND ... A: I would be very happy to help you -- In addition to being an insurance consultant I am also a ... | |
| Parent's policy on me, but I'm married | 8/14/2007 |
| Q: Is it legal for my parents to hold a life insurance policy on me with them as the beneficiaries if ... A: Is it legal? I believe so, though I will say I'm not a lawyer, just an insurance professional. ... | |
| individual health coverage | 8/12/2007 |
| Q: feinberg! i have a question about personal health insurance. my girlfriend, age 51, needs health ... A: I'm sorry, but Mississippi is not one of the states that I work with health insurance in, so I would ... | |
| individual health coverage | 8/11/2007 |
| Q: feinberg! i have a question about personal health insurance. my girlfriend, age 51, needs health ... A: I'm not really sure who to recommend because I am not aware of the following: Where (zip code) does ... | |
| Life Insurance | 8/10/2007 |
| Q: When my fiance divorced his exwife he did not include in the divorce agreementthat that he would ... A: If he is the listed owner of the insurance policy according to the insurance company (I would verify ... | |
| life insurance for a person who has been diagnosed with lung cancer | 8/9/2007 |
| Q: Is there a life insurance plan that my husband would be eligible for with his pre existing condition ... A: The quick answer is yes, there are life insurance plans available for this, however they are pretty ... | |
| Divore and life insurance | 8/3/2007 |
| Q: My ex husband died and left me as his prime beneficiary and my children as contingent beneficiaries. ... A: A couple of things -- first of all, I am an insurance broker familiar with the features and products ... | |
| Life Insurance | 8/1/2007 |
| Q: I have a michigan license to sell life/health. I know for health I need a non-residential license ... A: Yes, you need a nonresident life license to sell life insurance to residents of a state other than ... | |
| disability insurance | 7/27/2007 |
| Q: My wife has multiple disability insurances and we need to sort out what to quit and what to drop.as ... A: I'm not sure what you mean by a conference call -- do you mean speaking to yourself and your wife? ... | |
| life and health exam | 7/12/2007 |
| Q: I am a stay at home mom of 2yrs..previously I worked as an Internal Wholesaler in DI and prior to ... A: Honestly, Heather -- it has been so long since I was studying for my life and health exam that I ... | |
| Life Insurance Policy | 7/6/2007 |
| Q: Feinberg: Me and a close friend of mine were going to open up our own engineering company. Due to ... A: It would depend on who the "policyowner" of the policy was. The beneficiary is you, however that ... | |
| Assignment of Life Insurance | 7/4/2007 |
| Q: Mr. Feinberg I own a restored multi- use property worth roughly 2,000,000 with mortgages totaling ... A: I'm sorry to hear about your health situation. I would preface my answer by saying that it is ... | |
| life insurance claim | 6/15/2007 |
| Q: I am beneficiary of Metlife life insurance policy of my exhusband. I'm in Michigan... he resided ... A: Unfortunately, this seems like more of an insurance law question than a product or functional ... | |
| life insurance | 6/14/2007 |
| Q: I am a single female with no dependents. I own a home. Do single people need life insurance? A ... A: My pleasure. Your followup question starts to become more of a legal/financial question than an ... | |
| whole life policy | 3/31/2007 |
| Q: I began paying premiums at age 21 fifteen years ago on a $100,000 whole life policy (20yr pay) that ... A: It's hard to make a blanket recommendation, but I would say that personally, I'm not a big proponent ... | |
| Finding an active life insurance policy | 3/24/2007 |
| Q: I am wondering if there is any way to find out if someone has a life insurance policy on me that I ... A: It would be illegal for someone to have taken out an isnurance policy on your life without your ... | |
| Interest Calculation | 3/11/2007 |
| Q: Michael, I have a Universal Life policy that has been dropping in cash value. I made a large single ... A: The '^' is computer-speak for "to the power of" (meaning an exponent). Unfortunately, I can't ... | |
| beneficiary | 2/26/2007 |
| Q: My biological father was a retired NY State employee and he died almost two years ago and he claimed ... A: The only service I know of that may be able to help with this is ... | |
| Life Insurance Indusrty | 2/6/2007 |
| Q: Can you please provide me the market share of top life insurance companies in the life insurance ... A: I cannot locate any free, independent research on this. Generally this information is only ... | |
| Life Insurance Beneficiaries | 1/29/2007 |
| Q: My husband and I are separated. I need to change the beneficiary of my life insurance policy and ... A: While I am not a legal expert on trusts (and I would always suggest the opinion of a trust attorney ... | |
| Beneficary question on life insurance policy | 1/1/2007 |
| Q: To Whom It May Concern: My mother passed away DEC 21st, 2006. Reviewing life insurance policies I ... A: It'll be tough -- but there are two angles here. One is that it is near impossible to override the ... | |
| Right life insurance for me. | 12/19/2006 |
| Q: What info do you need to quote?I am looking for an insurance that I can pay on for a certain amount ... A: -Name -email address -state of residence -date of birth -smoker/nonsmoker -any health conditions, ... | |
| Right life insurance for me. | 12/19/2006 |
| Q: I am looking for an insurance that I can pay on for a certain amount of time. I do not want to pay ... A: Absolutely -- you're describing a short-pay permanent life insurance policy. If I am understanding ... | |
| life insurance | 11/17/2006 |
| Q: mom died may 11th 2005...my 2 sisters and i were not speaking at the time. i found out thru moms ... A: I am not aware of any legal way or database that would allow you to pursue information about life ... | |
| life insurance pay out | 11/9/2006 |
| Q: what if someone initially gets a whole life insurance policy as a non smoker, and then begins to ... A: There is no impact on your policy if you begin smoking after the date the policy was issued. It ... | |
| Viatical Transactions | 10/30/2006 |
| Q: This is fairly related to a previous question you've answered in regard to a life insurance policy ... A: viaticals are a very interesting segment of the insurance industry. Basically, when regulated, ... | |
| help | 10/27/2006 |
| Q: I need to find a way to get dental insurance. I need something that treats pre-existing conditions, ... A: I'm sorry, but there's not an insurance product out there that would cover preexisting conditions ... | |
| Group Life Insurance Beneficiary Deceased | 10/11/2006 |
| Q: My partner passed away in August 2006. He had a group life insurance policy with Standard Insurance ... A: This question is actually more geared towards an estate attorney than an insurance agent. I'll tell ... | |
| life insurance | 9/22/2006 |
| Q: Do you know how much the average family spends on final expenses if a loved one passes away and does ... A: Alot of that depends on the part of the country and the extent of what you consider final expenses. ... | |
| eligibility and premium for wole life with a diagnosis’s of diverticulitis | 9/15/2006 |
| Q: I guess the question of resolution IS now the question. i.e. what offers a better premium rate being ... A: You cannot have an existing policy adjusted for "improved health", just as a company cannot increase ... | |
| eligibility and premium for wole life with a diagnosis’s of diverticulitis | 9/15/2006 |
| Q: I am a 49.4 year old male and have been evaluating the purchase of a 600k whole life policy. I just ... A: Well... it depends on what rate you were/are expecting from the insurance application. If you are ... | |
| LIFE AND HEALTH INSURANCE TEST | 9/13/2006 |
| Q: FEINBERG I TOOK THE 40 HOUR COURSE AND THEN THE TEST A WEEK LATER, THOUGHT I KNEW THE STUFF BUT ... A: The old adage says... keep trying. There's definitely good money to be made if you find an agency ... | |
| 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: It depends on how long you've had the policy -- most whole life policies have a surrender charge ... | |
| life insurance | 8/8/2006 |
| Q: Do you have any idea what life insurance company Ed McMahon was or is affiliated with? My aunt has ... A: As far as I can remember it was Colonial Penn Life -- he was one of many paid actors to do their ... | |
| Are there any life insurances out there to meet my needs? | 7/30/2006 |
| Q: I have a general question. Are there life insurances out there that cover u.s. citizens that live ... A: The correct answers depends on a few more specifics -- Where do you reside? What is the reason ... | |
| beneficiary | 7/26/2006 |
| Q: My husband signed a change of beneficiary form that states it is effect on the date it is completed ... A: This is a question that would only be able to be rightfully answered by a legal expert, not an ... | |
| Unknown policy | 7/13/2006 |
| Q: Could anyone, e.g my ex-wife, open an insurance policy for me and make herself the beneficiary ... A: Not legally. In order to procure insurance, at the very least the proposed insured would need to ... | |
| 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: If she did not have a named beneficiary on the life insurance policy, the likelihood is that the ... | |
| Life Insurance on absentee parent | 6/19/2006 |
| Q: Over the years of being a single parent, I have heard people casually mention that people (single ... A: Unfortunately, it would be impossible to obtain insurance on someone without their authorization. ... | |
| health insurance coverage | 6/8/2006 |
| Q: a friend of mine has terminal cancer and has been through the standard chemo & radiation. Now she ... A: Unfortunately, your "practical" expectations are quite realistic. I wouldn't be too optimistic. In ... | |
| Investment-linked Insurance | 4/18/2006 |
| Q: Have you heard about "Investment-linked Insurance"? What's it all about? How does it generally work? A: Sounds like you are talking about variable life insurance -- I'm not a big fan of any insurance that ... | |
| Insurance for Kids??? | 4/15/2006 |
| Q: Why would a parent wants to buy insurance for his son (a toddler), for example? Hopefully not for ... A: I think if the primary goal is investment purposes (for education, etc) then I don't think there ... | |
| Life Insurance Policy Transfer to IRA | 4/10/2006 |
| Q: I have a whole life insurance policy with a cash growth component (current value about $7K). I got ... A: It depends on how you plan to invest the money inside the IRA. In general I am a proponent of the ... | |
| Some questions | 3/22/2006 |
| Q: Some questions about purchasing insurance. Can I choose my own sum insured and let the company do ... A: 1) When purchasing life insurance, you choose the amount to be insured and the companies you are ... | |
| wet paper | 2/9/2006 |
| Q: ------------------------- I am 71 years of age. I attended a meeting during which we were offered ... A: Mr. Levenstein, this sounds alot like the life settlement you were mentioning in your question ... | |
| Requirement of Essay on following Topics | 1/2/2006 |
| Q: I would appreciate if you can provide me a page long essay on the following topics. 1.Insurance is ... A: I'm sorry, but I'm happy to answer questions and help people but I'm not going to be able to write ... | |
| taxes | 12/18/2005 |
| Q: I would like to know if health insurance renewal commissions are subject to Social Security taxes ... A: Well, I am not a tax expert but as an insurance agent who earns renewal commissions, I can tell you ... | |
| Life Insurance | 12/10/2005 |
| Q: First can you tell me if the proceeds from a Life Insurance policy payoff at death- is taxable? ... A: This is very rare. On the second question, I am both very willing and very able to get the absolute ... | |
| catastrophic health ins | 11/18/2005 |
| Q: Without fail, just one visit to a doctor triggers months of bills and billing errors and payment ... A: I share your frustration. I can't get a prescription I need for a sleep aid because the insurance ... | |
| Ex-husbands health insurance | 11/9/2005 |
| Q: After our divorce in 2002, neither my ex-husband nor I have ever gotten around to taking me off of ... A: I must say that I am not particularly qualified to answer this question as it is more of a law ... | |
| ------------------------- ... | 11/8/2005 |
| Q: I am a 32 year old healthy female.I am interested in purchasing life insurance, but there are so ... A: Good answers. I would probably recommend term life insurance of 20-30 years in length. This would ... | |
| Life insurance recommendation | 11/8/2005 |
| Q: ! Michael, I am interested in a term life insurance policy for myself and my wife. We are 50 and ... A: I can't speak for Farmers, but I do work with over 150 companies that vary in their flexibility with ... | |
| Quick Question | 10/23/2005 |
| Q: I am on disability for a mental condition called OCD. Otherwise i'm in pretty good health at 45 ... A: Okay... we're getting closer -- but there's alot of information to discuss to find out what is ... | |
| Pre-existing condition | 10/10/2005 |
| Q: My fiancee who is a healthy 25 year old was diagnosed with Thyroid cancer 3 weeks ago. About 10 days ... A: Trevor, first of all let me say that I wish you both the best with the very difficult situation that ... | |
| Life Insurance | 9/24/2005 |
| Q: A relative of mine applied for a universal life insurance policy and paid an initial premium of ... A: Wow, what a mess. The birthday issue could be a non-issue because many (most) insurance companies ... | |
| Heatlh Insurance | 9/11/2005 |
| Q: Our Cobra coverage is going to end in about 3 months. We have the ability to set up a 2 person group ... A: I apologize in advance as I am not as strong in the health insurance market as I am on life ... | |
| Insurance Investment | 9/2/2005 |
| Q: After reading and trying to understand Missed Fortune 101 by D. Andrew,I am considering the ... A: Any company that has been in business for 50+ years and holds a A+ or better financial rating with ... | |
| 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: .. just checking in to see if you would like my assistance on your insurance situation. Please see ... | |
| Is there Affordable Healthcare | 5/11/2005 |
| Q: Is there such a thing as affordable health insurance? I am 58, in good health (well I DO have high ... A: Unfortunately, individual health insurance is a major pain in the rear end because it is quite ... | |
| Quick Question | 5/3/2005 |
| Q: I was curious if somebody could recommend a very good and affordable term life insurance, that ... A: Term life insurance is a temporary insurance product (rates and coverage guaranteed for anywhere ... | |
| Life Insurance | 4/16/2005 |
| Q: My husband is 55 and last yr. was diagnosed with very, early stage prostate cancer. His readings ... A: Incidentally... my experience with AAA is that their rates if you ARE able to get coverage through ... | |
| Life Ins. as a savings vehicle | 3/14/2005 |
| Q: I am looking to save for a 9 yr. old's college education and my agent has suggested that I use a UL ... A: I think that's a horrible idea -- typical of an insurance agent to suggest that though. (And that's ... | |
| Top 10 Life (term) Insurance companies | 2/22/2005 |
| Q: I would like a list of the top 10 Life (term) Insurance companies. Thanks in advance A: That's kind of an interesting question, but I'm wondering: Top 10 on what basis? Any ranking of ... | |
| 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: Very interesting questions! It's not too shabby an idea, and I should be able to give you pretty ... | |
| Term life or whole life | 2/18/2005 |
| Q: My wife and I just bought a new house and have gotten many ins. offers. I had a salesman come by and ... A: as with most insurance questions, there's no easy answer to what a person "should" have with a very ... | |
| 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: Quite often you are asked about previous denials of insurance, but not always. In addition, just ... | |
| 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: I can't shed any light on this other than to tell you that my grandmother has lived 32 years (aged ... | |
| Term or Universal 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: Sorry to take so long to get back to you. Term insurance is a temporary product that will provide ... | |
| 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: I appreciate your kind words and feedback on the allexperts site. I'm glad to know I was able to be ... | |
| life insurance | 10/30/2004 |
| Q: MY HUSBAND PLANS TO ACQUIRE A LIFE INSURANCE FOR HIMSELF AND HE IS ALSO SECURING ME (THAT IS, I WILL ... A: If I understand correctly, your husband is taking out a life insurance policy on himself with you as ... | |
| Term Life Insurance Duration | 10/4/2004 |
| Q: Michael Feinberg, ChFC I'm thinking about taking out a Term Life Insurance policy on my ex, for ... A: Actually no, the few remaining policies that are available for a 5 year term tend to be MORE ... | |
| Life Insurance in California | 9/23/2004 |
| Q: ChFC, I would like to take out a life insurance policy for my ex, with me as the benefituary. (That ... A: your question is a good one and we can definitely help you. There are a handful of policies out ... | |
| whole life vs. term | 9/12/2004 |
| Q: ............................. I have about $400,000 in universal life insurance with a cash value ... A: Sorry for the delay in getting back in touch with you... I have a followup question that will better ... | |
| Health Insurance for small company | 6/21/2004 |
| Q: Mike - I did some investigation after I asked you the question and found an organziation called NASE ... A: Yes, I've seen this plan from MEGA Life before -- I believe it's just an individual plan (meaning ... | |
| Health Insurance for small company | 6/21/2004 |
| Q: I am forming my own company (I am the only employee). I have been told there are health insurance ... A: To be honest with you, I don't know, but I wish I did. I'm also a one-person company and we're ... | |
| Understanding Health Insurance | 5/20/2004 |
| Q: I hate to bother you with such a simple question, but could you recommend a good book on ... A: I'm sorry but I wouldn't know of anything offhand any more than going onto google and searching just ... | |
| Whole Life Profit | 5/17/2004 |
| Q: I have a whole life policy for $100,000 starting from age 20 to 100. I pay $100 per month. After ... A: Well, your question is an interesting one, but has a couple of flaws in the figuring, so here are my ... | |
| Insurance Conversion | 5/7/2004 |
| Q: I am sorry. I made a mistake of the cash value in my original question that I sent to you. The ... A: Well, those numbers certainly seem to make a heck of alot more sense, thanks for clearing that up! ... | |
| Insurance Policy Conversion | 5/6/2004 |
| Q: I have a question. I can not figure out what to do regarding my life insurance policy. I am 63 ... A: It is always hard to answer questions about existing life insurance policy options, even with the ... | |
Life & Health Insurance
Answers by Expert:
Michael Feinberg, ChFC
Top Expert on this page
Expertise
I am the Executive Director of Synergy Financial Services, focusing on life, disability and long term care insurance nationwide. I do not typically handle health-insurance related questions since they are typically local-based but I am always happy to try to answer any questions you may have on any of these topics.
Experience
16 years in the insurance business.
Education/Credentials
Chartered Financial Consultant
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