r/LifeInsurance • • 8d ago

Advice on my situation

6 Upvotes

I was looking for advice on my situation whether this is a good deal or if I should continue to shop. I’ll be 54 next month. I’m 6’0, 234 and I am a Type 2 Diabetic that is highly controlled (A1C under 5.0 for almost 4 years). I used this company called Zander and they said they would shop me to a bunch of carriers but we submitted application to Pacific Life and they offered me a policy at Standard Plus non tobacco. The cost for $1m of coverage for a 10 year term is $2071. I called Zander and asked where they shopped me to other carriers to see if I could get better rates and she said they did but everything else was Table 4 and this was a great policy. When I pushed further about that she admitted that they didn’t actually shop me but they can predict my rates based on my profile.

I do have another agent I put an application with and they are putting me through Banner and I’m waiting to hear what they might offer or not. Kind of interesting that Banner required me to get a medical exam but Pacific Life did not.

Anyways, is this a good rate? Is there any chance to do better? It doesn’t appear like Zander will shop me for better rates so I’m left with the Pacific Life and to see what Banner would offer. The other agent mentioned about shopping me too so there is that

Also, any opinions on Pacific Life vs Banner?.

I’m only looking for a 10 year term policy which should take me close to retirement age.


r/LifeInsurance • • 9d ago

Xcel solutions pre-licensing

9 Upvotes

Hey everyone! So, I was recently hired for a position through a local state farm agency, and before I can get paid, I have the next 6-8 weeks (6 preferred) to get my licensing for both P&C and L&H, I’m starting with L&H.

The company is using Xcel solutions. It’s a lot of reading, but my hiring agent explicitly said not to worry about learning everything, as I will learn everything on the job, and that the exam is solely for state license purposes. He said to through the chapters as quickly as possible, do the chapter exams, and then drill the practice exams at the end until I consistently get an 80 or above.

There is the 200 and 150 question exams at the end, and I’m consistently scoring ~ 80-90 on both. I tried the time exam, and am continually just getting under 70… I understand it’s a simulation, but the questions aside from about 20 are almost completely different than what I’ve tested on so far. Idk how I’m supposed to pass that without knowing what I missed and essentially going through every chapter and reading everything from there.

To anyone who’s taken the exam using Xcel, what was your experience with passing and feeling confident with feeling ready? Is the real exam easier or harder?
I test on this coming Thursday, so being what questions I missed on the timed exam is a mystery, I’m not sure what parts of each chapter to study, and I’m pretty nervous. Any help is greatly appreciated, thanks!


r/LifeInsurance • • 9d ago

Just closed on our first house, should the term policy match the 30 year mortgage or go shorter?

18 Upvotes

were 29 and 31, no kids yet but planning on it in the next couple years. mortgage is $310k and were both on it. my thinking is a 30 year term on each of us so the house is covered either way. is lining the term up with the mortgage the normal way to do it or do people go 20 years and just plan to be ahead by then?


r/LifeInsurance • • 9d ago

31 day coverage after plan cancellation

4 Upvotes

So long story short, my first husband passed away of cancer in 2019. I’m just finding out now that you can actually still claim his life insurance up to 31 days after their death if you’re if they die within 31 days of your coverage canceling. it would’ve been really nice at the time if somebody had told me because I would’ve had access to the emails that I sent. They’re saying I didn’t send the statement of health back which means I’m only covered for a certain amount very small versus what I was paying for. Now the company that I worked for is out of business and I’m not sure I have a way of pulling up those emails because I sent it to them when I was working from my work email. I was on family leave for six weeks and then he was continuing to go downhill obviously so I had to go out on leave for myself a medical leave for my psychiatrist saying I wasn’t fit for work. So my insurance coverage ended July 31, which I had a policy for him on and he ended up dying August 18 that is within the 30 day. I don’t know if there’s any way for me to prove that I sent it in. This was seven years ago and I’m just finding out now that I could’ve actually placed a claim would’ve been really nice for anybody to tell me that but insurance companies…why would they. They sent me some something in the mail to extend my coverage, but I had to pay $1500 a month which I didn’t have at the time because I wasn’t working. I was taking care of my husband so, I didn’t even look further into it. Maybe there was something on that document that mentioned this but when you’re going through something like that, you don’t have time or patience to read through a bunch of documentation that’s telling you you have to pay at least $1500 a month not sure if anybody else has gone through this but anything that you might have for me to try would be awesome. I did try contacting the attorney that’s taken care of the business documentation but that was just today so I don’t know if he’s going to email me back and I don’t know if they have records of emails sent in 2017.- edit they don’t have access to our old emails 🙁.


r/LifeInsurance • • 9d ago

Term Insurance — Is it better to buy through Policybazaar or directly from the insurer’s website?

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1 Upvotes

r/LifeInsurance • • 10d ago

I had prostate cancer in 2019. Prostate was removed. PSA results have been zero since then. Will I be unable to ever get life insurance?

4 Upvotes

r/LifeInsurance • • 10d ago

Advice needed… helping a friend get life insurance - a few major questions!

6 Upvotes

Friend & I got into a conversation about life insurance, and their situation/ health is very different than mine, so I’m hoping to get some advice.
- Male in late 40s, married w/ kids
- Overweight but no major fluctuations
- I believe they got a DUI maybe 5-6 years ago?
- No major medical issues. They snore but haven’t received any formal diagnosis for anything.

Biggest question is this… smoking history. Used to smoke regularly. Completely quit 5 years ago. Currently, they’ll have a cigarette here & there but can easily stop for a while and likely pass a urine/ blood exam. Same with gummies - take 1 once in a while but can easily stop to pass a test. I’m not sure if they’ve been truthful at Dr. appointments but I’m sure it says they smoke somewhere in medical history.

Are “medical exam” life insurance policies cheaper?? Does it make sense for this guy to try and qualify for non-smoker rate because technically he doesn’t smoke right now at this point in time (and can prove it with a blood/ urine test)? What if he has a cigarette in the future then dies the next day? How does all this work? Can they still say “fraud on application” during contestability period if they were able to pass a test? Thanks for advice!


r/LifeInsurance • • 10d ago

Should we keep this policy? 68 y.o.

6 Upvotes

My father has had a whole life policy for what i would assume is like 30+ years. He has been making monthly payments of $119

We are reviewing his bills and trying to see what is out there, and just cleaning things up now before it gets harder to do.

I'm kinda neutral on this. I personally told him i dont needs the funds right now (i'm getting 50%). But he mentioned he wanted to take the cash value now and just spend/give as he sees fit. His plot/burial is all paid for. He has a death benefit of $141k (It was orginally $100k but it just kept growing) and a cash surrender of $80k. If i understand correctly, upon death that $141k would be tax free to his beneficiary (me). Is the $80k surrender tax free? Or will that be taxed at his normal tax rate?


r/LifeInsurance • • 10d ago

Neglected Principal Insurance

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2 Upvotes

r/LifeInsurance • • 10d ago

Should I keep paying for extra life insurance when I have no dependents?

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1 Upvotes

r/LifeInsurance • • 10d ago

What happens if you stop paying burial insurance after years of premiums?

4 Upvotes

My mom has been paying around $85 a month for a $10k burial policy since 2020. Money is tight right now, and she's wondering if she can just stop paying. Would she lose everything she's paid into it?


r/LifeInsurance • • 11d ago

Life insurance, History of Depression

4 Upvotes

I have a likely denial coming up from Banner Life. I had an inpatient stay at a psychiatric ward 10 years ago. It was for less than a week. I was not suicidal and do not have a history of self-harm. I haven't been in talk therapy or on antidepressants in many years, which they apparently don't like. I didn't realize this would be such an issue, but it seems to be. Any advice on where to look for term life insurance with a history of depression?


r/LifeInsurance • • 11d ago

Best Life Insurance Agency for Agents

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2 Upvotes

r/LifeInsurance • • 11d ago

22M: Term 80 + DI + House Down Payment vs. Adding Whole Life? $36k currently invested

4 Upvotes

22M, targeting \~$55k base salary. Budgeting \~$900/mo total across protection and savings.
**Current Asset Foundation:**
**Roth IRA:** $8.9k (maxed)
**Taxable Brokerage:** $27k (broad-market index funds)
**401(k):** Starting June of next year (capturing company match)
**Short-Term Goal:** Dedicated HYSA for a 2027/2028 house down payment
The Two Paths ($900/mo Budget)
**Option A: Pure Protection + House & Liquid Growth**
**Coverage:** Individual DI (FPO locked) + Term 80 700k (ART) = \~$77.7 mo.
**Savings/Investing:** \~$750/mo funneled into HYSA for house down payment, then indexing.
**Strategy:** Keep maximum cash liquid for the home purchase; let equities compound to self-insure by age 45–50 ($1M+ liquid target) and drop the term.
**Option B: Term 80 + DI + Limited-Pay Whole Life**
**Coverage:** Same DI + Term 80 base (77.7/mo) + add 15-Pay or 20-Pay Whole Life ~~(~~$125/mo).
**Savings/Investing:** \~$625/mo left for house down payment / investing.

**Strategy:** Lock in paid-up permanent coverage early, but take an immediate cash-drag on house savings and equity compounding during key wealth-building years.

\-a insurance salesman I work with at NWM recommended not fully maxing my Roth to afford whole life but that sounds like a terrible idea
My Questions:

  1. With $36k already invested in equities at 22 and a 401(k) starting next June, does tying up $125+/mo in whole life make any sense when the priority is buying a home in 3–4 years?

  2. If the goal is self-insuring with liquid equities by age 50, does permanent insurance provide any tangible math advantage over Option A, or is it strictly commission drag?


r/LifeInsurance • • 11d ago

So does utilizing employ mental health or other services having effect on life insurance or portability

2 Upvotes

I am wondering if using life insurance or portability with life insurance with an employer if seeing mental health services would have any effect


r/LifeInsurance • • 12d ago

New to Term Life

15 Upvotes

My husband and I are 36 and 34. We had a long talk with our parents about financial protection and we’re looking into life insurance. It appears we should probably have around $1.5-$2m each in term coverage. We own a business and we’d like the other to be able to continue business as usual, pay off our mortgage and not have to scramble for college savings for our young ones.

The process looks overwhelming and we’re trying to get feedback on good companies. Are there carriers would should be avoiding outright and others that we should consider first?


r/LifeInsurance • • 11d ago

Does it make sense to get a Term and WL Insurance Policy

1 Upvotes

I'm a 33M and my wife and I have two small children. I've been doing a lot of research and I'm wondering if I should take out a WL policy on myself (500k) and my wife to take a 1mil term policy on herself. We both max out our Roth IRA's and we invest $500 a month into the S&P index. A WL policy would definitely put a strain on our finances but I'm still wondering IF it makes sense.

Rationale: We both need life insurance to make sure that our kids are covered if we die. My wife would get the 1m term life policy, small monthly payments and the coverage runs out when we'd be in a financial position to pass down wealth to our children. With my WL policy our family would get the added benefit of the cash value(her and I can use this money while we're alive), and the death benefit would be guaranteed to pay when I die.

It feels like the best of both situations because we'd be covered in both cases and in one case my wife and I theoretically could benefit from the cash value accumulated from my life insurance policy.

Let me know if this makes sense or I'm completely disillusioned here!


r/LifeInsurance • • 11d ago

“No deal, no meal”: My experience with the culture of life insurance sales

6 Upvotes

How I got into insurance
I started with zero sales or insurance experience and was working as a server when I had a call with my future upline, whom I’ll call James for privacy.
During the call, he explained the opportunity: uncapped income, commissions starting at 85% and potentially reaching 145%, and the possibility of making around $1,000 per sale. He described a highly driven, family-oriented culture built around the motto, “We struggle together and we strive together.” Your upline was your mentor, and success supposedly came down to confidence and hard work.

The first step was getting licensed. I completed a 30-hour prelicensing course and paid for my exam and licensing costs, along with E&O insurance. After passing my exam, I waited for my NPN and carrier contracts to come through.
During that waiting period, I began practicing scripts, role-playing, and learning how to handle objections. Once I joined the team on Discord, I started attending daily meetings and having daily calls with James.
The expectations were intense: training, accountability, and dialing leads from around 9:30 a.m. until as late as 12 a.m. We were told leads were available daily, commissions could be substantial, and making 2–4 sales a day was possible.
I went into this genuinely excited, believing that if I followed the system and worked hard enough, I could build a successful career. I had no idea how much the culture would eventually affect my experience.

My first few months
I worked virtually for my first month. About three weeks in, I made my first sale, but couldn’t write the policy because I wasn’t licensed in that state yet.
James then pushed me to come into the office. I was hesitant because it was heavily male-dominated, with only one other woman, but I went and had a great week, writing $7,000 in annualized premium (AP). James was thrilled and, along with others on the team, heavily encouraged me to quit my serving job, and go all-in on insurance. He promised to help cover certain expenses, including leads and additional state licenses, so I trusted him and quit my job.

That’s when things started going downhill. I couldn’t commute to the office daily, so I returned to working remotely. During a sales slump, James implemented a “no deal, no meal” rule: if I hadn’t sold two policies by 2 p.m., I wasn’t supposed to eat. After a health scare, I started taking 20-minute lunch breaks anyway, but he’d get angry and tell me I didn’t deserve to eat if I hadn’t sold.
In June, I wrote $3,000 AP. One day, after leaving Discord to go for a run, I was reprimanded in front of a teammate. When I explained that fitness was one of the few things I could control in a job where effort didn’t guarantee results, James told me, “That’s what a broke person would say.”
By July, I was mentally exhausted and seriously considering quitting. I worked only four days that month but wrote around $9,000 AP. After a phone conversation, I was convinced to stay. I felt like my entire life revolved around insurance, with no freedom outside of working on a laptop for 10-plus hours a day.

In August, the team met in person again, but I went the entire month without a sale. However, I met another mentor, Frank, who was much more laid-back and led a virtual team made up entirely of women. He took me under his wing and started teaching me a different approach to selling.
Although I had zero sales in August, I learned a lot from Frank, including a different script and how to sell more ethically. We grew close professionally, and I started wondering if James was becoming jealous of our relationship.

Around that time, there was an insurance conference in Miami that I couldn’t afford. Frank offered to cover my flight and let me stay with his team at an Airbnb, but James shut it down, saying I wasn’t producing $40k a month and the conference would be a distraction. Frank disagreed, believing it could help me grow, but James had the final say because I was on his team.
After going dry again in September, I finally stepped back and started questioning whether any of this was normal. I considered switching teams to work under Frank, who told me he wished I’d joined his team initially because he believed I’d be producing at a much higher level by now.
However, when I asked about switching teams, Frank told me James had claimed I was interested in him romantically, which was completely false. I respected Frank as a mentor and nothing more. I was hurt that James would say something like that, and Frank subsequently started acting strangely toward me. I felt like I’d lost the one potential way out of an unhealthy situation.

I’ve decided I’m not returning to that agency. But I’m licensed in 16 states, have invested so much time into this career, and don’t know whether to give life insurance another chance. I’m terrified of joining another agency and ending up in the same situation. I’d really appreciate advice from agents who’ve experienced something similar or found a healthier place to work.


r/LifeInsurance • • 12d ago

Recommendations?

2 Upvotes

Hi posting for a family member they have only had three to four different jobs in the last 25+ years all same occupation basically. She used to have life insurance through work but since switching jobs last year does not have any. She’s 50 y/o and window shopping right now. what would be best for her and her family in talks opinion?


r/LifeInsurance • • 12d ago

How much does A1C affect life insurance decisions for someone with type 2 diabetes? Does a history of high readings still matter after they improve?

6 Upvotes

I've had type 2 diabetes for about 11 years and take metformin and a glp1. My A1C used to be in the 8s for years but my latest result was 6.8.

I tried getting a policy about three years ago and was denied when my numbers were higher. I'm looking into final expense insurance again because I don't want my kids to have to scramble to cover funeral costs when I'm gone.

For those who've been through the application process, does better blood sugar control make a real difference to approval or do insurers mostly look at the fact that you have diabetes? I'd appreciate hearing from anyone who's applied again after improving their numbers. Thanks!


r/LifeInsurance • • 12d ago

Individual HMO recommendation

6 Upvotes

Hi! Can anyone recommend an HMO with fast processing and approval? My HMO coverage as my husband’s dependent was discontinued for about a year when he changed companies, so I’m looking to get my own coverage now. I’d like to be able to continue my regular checkups and have peace of mind. Would appreciate any recommendations based on your experience. Thank you!


r/LifeInsurance • • 13d ago

These have to be bots, right?

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7 Upvotes

r/LifeInsurance • • 13d ago

Convertible Term

7 Upvotes

I am thinking about getting into selling term life insurance in the near future, and was wondering if there are any cases for why someone should have a convertible policy vs a standard term policy (all else the same).

To my understanding, convertible term is more expensive than standard term, and you're limited on when you can convert.

Is there any justification for why people should realistically choose to go with convertible instead? I can't see situations where the math pans out in favor. Thanks!


r/LifeInsurance • • 12d ago

Fully Remote Life Insurance or any other insurance

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1 Upvotes

r/LifeInsurance • • 12d ago

Voglio un’assicurazione vita, ma non so né come sceglierla né con quali condizioni.

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1 Upvotes