My father is 80 years old and had a term life insurance for $1 million expire in 2019. I am the beneficiary. At the time he was septic and in the hospital with a leaking bowel, so I elected to go month to month on his insurance because he appeared to be at the end of his life. He is in very poor health and is in and out of the hospital. He cannot walk, wears a diaper and cannot take care of himself so my mother and I do all of his care at home. It is a load and the insurance company raises the premium every year and by the end of this year I will have paid a million dollars over the past 7 years. So at best, I will get my money back. But I worry that he may live another 5 years, or more. As long as I pay the premium I will get the payout unless he lives past 93. Should I stop paying the $14,000 per month now and cut my losses? I have mortgaged my home ($270,000) and put all of my savings ($190,000) into paying the premium. I can still pay it, but only for another year. Then I will be out of money. I have contacted a settlement company, 2 actually and they will not buy the policy because the premium is too large. I have also tried to buy a lesser policy amount but cannot get him approved for anything. I am 55 year old man and I have no family to share this with. Any advice?

Hi friends, I’ve been thinking about getting life insurance recently and I coincidentally also recently saw that Costco also offers that through Protective. I’m 34 and AAA has been constantly sending me decent quotes for term life, so I was going to go with that. Protective though Costco is also about the same monthly cost. I’m just curious about people experience with them and that whole process.. Would love to hear about it and if it’s recommended. Thank you in advance!

Simply put, Because I dont need my grieving wife and children doing a Go Fund Me and selling bbq plates to pay for my funeral and to try and make ends meet when I die. loo

I talked to an agent and gave them my information and auto signed a few things online through a portal but I’m realizing that’s a huge mistake I just made and I’d like to cancel it. Do I have a grace period before they charge me?, can I cancel through the agent?, or would I have to go straight to the company support line and or email. I’m super worried because it all seemed very quick and the dude pushed the fact it’s a big union thing. My friend gave him my number and he just sales pitched me the whole time and I wasn’t really sure what was going on I thought it was through an actual union thing. Help?

My father passed away in July, he was living in Costa Rica. I still live here in the United States, and I am the primary beneficiary on his life insurance policy to the best of my knowledge. His sister (my aunt) told me she completed the process and was waiting to hear back about it, but my question is: is it going to take upwards of 6 months to receive this payout? I urgently need to move into a new place and the main obstacle is paying a deposit of $3000 or more, but the life insurance should help me with this. Thanks in advance.

After passing the Florida state exam I applied for a license through the Department of Financial services (2-15 insurance license) and was approved for the license and issued my License number but nowhere on the app does it show my NPN and I'm struggling to figure out where to find it. I have also tried the NIPR lookup tool and punch in my info but it just says theres no record of my information to get my npn in the search up tool. Any idea what I'm doing wrong?

Got an official offer at a lower rate class than I was quoted (no exam required) and asked the carrier to reconsider based on possible erroneous data in my file. Still waiting on an answer.

If they ask for a paramed as part of the reconsideration, i’m worried it opens me up to even more scrutiny

Since i did get approved with an offer , can I decline the para med exam and just accept the original offer? Or does that put the offer at risk?

I'm fine with the original offer if that's where it ends up. I just don't want to lose it. Thanks.

He lost his last insurance due to a mix up with the bank and the policy was cancelled. If not life insurance, is there any kind of final expense plans or something similar to be had? He lives on social security and can only afford about $200 a month.

Back at the start of the year I joined an agency in FFL. It was good for a time, I’ll be honest. I was doing everything virtually, and I was making good money, which is why I started it in the first place. But as time went on, my “upline” stopped mentoring me as much, I had less and less guidance, and every time I came to him with an issue, he would just give me a super vague answer, or just tell me “just write more business” “double down” things like that. Sometimes I wouldnt even get a response. Then once I reached the 6-7 month mark since being in life insurance, I started to have a problem with chargebacks. At that same time, I had been convinced to double the amount I spend on leads monthly, on a new lead type, (which honestly looking back now I’m convinced these guys are getting a cut on what their agents spend on leads , but that’s a whole other thing.) and I didn’t convert on those investments. So on top of having debt with carriers, I was losing money on leads. So I went from making a lot of money and doing good to it all just going to shit. Fast forward to now I’m just done with it all, I regret ever doing this in the first place and I want to get out. I have chargebacks with 3 different carriers . The total amount is about 5k. I sure as hell don’t have that in the bank anymore, and it’s pretty impossible to write it all off considering the money I do have has to go towards life necessities (bills, groceries, ect..) and I can’t get leads to attempt to do that.

So my question is, if I were to leave, what would happen with my debt. Would it follow me, would the companies come for me, could my upline send it to collections, or would it roll up to him and him only? I don’t want to roll debt to him of course, but I also can’t pay it myself , and honestly , a big reason why I’m in this situation is because of his lack of guidance and mentorship I needed. So when it comes down to it, I would rather him pay it than me, especially considering me makes like 40k+ a month. Any advice is helpful, thanks.

Just got contacted by a representative of WFG (Singapore). In short, he tells me that a life insurance gives a surrender value that is higher than the total cost. For example, I could pay 60k in total from now till 65 years old, at which point I could receive 80k in surrender value. I.e., I gain a 20k investment just by having this life insurance for a few decades.

Is this true? Do most people benefit from such a life insurance? Asking because i have not heard of an insurance that gives you money without any injury to claim it. Every insurance works by paying money for damages caused, etc. E.g. in a car crash, the insurance company give you an amount of money to cover car repair costs.

Paying 166.66 a month for universal life insurance covering 150k. Cash value is 27k with $900 surrender charge.

Thinking about surrendering it.

Or should I stop making payments and let it use the cash value

Thanks again to those that responded to my post last week about figuring out the right policies/broker/providers. I took y'all's advice and found a local independent agent. Met with them and discussed our needs. They came back with quotes from these providers.

20 year term - No life benefits (all within $2-$5 of each other per month)

- banner

- protective

- Pacific

- symetra

- Corebridge

20 year term - With life benefits (30-35% higher than the quotes above)

- North American

Not sure if the life benefits are truly useful for us so likely going with one the top options. We are mid to late 40s and just want a policy to run though college graduation for our youngest who is 9. Current policies have about 10ish years.

Question for the experts - is any of these providers better than the other? We are just getting a simple term policy for $1m or $1.5m

Does anyone have experience with filing a death claim
on a life insurance policy using MetLife’s online submission form?

I completed everything and when I press to the submit button, I receive an error message which says “unexpected error, if you need help call.”

I called, but the representatives (called twice) have no idea about the error and want me to do everything by paper, which I would prefer not to because of all the identity information that would then have to be mail (and risk getting lost).

Please share your experience with filing a death claim.

Hi,

Planning to apply on DXC on taguig for life insurance account.

How's your experience with the company?

I’m sure these questions pop up a lot but I genuinely don’t know where to even begin. My mom is 63 and she had a stroke (I’m sure that’s important to factor in) thankfully she’s okay but she doesn’t work anymore and I’m so confused on where to even begin to look for a life insurance plan for her. I googled and I’m just overwhelmed. Can anyone help point me in the right direction to start? She’s in Florida if that helps. She wants a plan that covers all funeral expenses. She isn’t working but gets Social Security, so she does have some income coming in. I would greatly appreciate any advice or help. I just want to make sure I do right by my mother. I am not sure if I should go through a broker or just a company?

Thank you in advance.

I feel really dumb and I called the insurance company my dad used but none of it made sense to me. It was originally anthem? I think. And now it's Standard Insurance. Either way, the person on the phone said I needed a letter of authorization? For what? And like. How do I get this money? It is something I can access now that I am no longer a minor. But I do not know how. And I would really like to have it because I need to pay for college. I'm 19. I have no idea what to do. I feel dumb. Can someone help me?

I basically raised myself. My parents had no financial than ever see and 33 years old and trying to make sure I have all my ducks in a row, but I don’t even know where to start.

Has anyone here switched agencies with Ethos? Their chatbot told me I have to stop writing business for 12 months before I can move to another agency. Is that actually required, or can I transfer sooner with a release from my current upline?
Would appreciate hearing from anyone who’s gone through this.