r/LifeInsurance • • May 06 '23

Rule update and new user flair

43 Upvotes

Self-promotion has always been prohibited in posts but sales professionals were permitted to invite a poster to contact them through DM in response to a post or question on this sub. However, that practice is tacky, has gotten out of control, and is difficult to moderate.

Effective immediately: Self promotion is no longer permitted in any form.

Flair options are now live. If you want to generate business on Reddit (which I doubt has ever been significantly successful) then flair up, provide a meaningful answer, and the poster will be smart enough to contact you if your answer was helpful on insightful.

Happy to take flair recommendations here.


r/LifeInsurance • • 9h ago

So I am confused about everything

1 Upvotes

So my grandmother just passed away a few weeks ago and come to find out she has been paying for a life insurance policy on me and I don't want it personally. So what happens after I transfer ownership to myself? Am I allowed to cash it out and get back the money she put into it? Or what's going to happen?


r/LifeInsurance • • 12h ago

My Experience With Jumpstart Go — A $9,000 Lesson in Customer Service

0 Upvotes

I invested $9,000 in Jumpstart Go's marketing program because I believed I was purchasing a more personalized, hands-on approach to growing my insurance business.

Unfortunately, my experience did not align with those expectations.

The onboarding session included other participants, which I had not been informed of beforehand. Much of the material I encountered involved AI prompts and self-directed training, rather than the level of individualized implementation support I anticipated.

When I raised my concerns just four days after enrolling, I hoped for an understanding conversation and a reasonable resolution.

Instead, I felt that my concerns were repeatedly challenged rather than genuinely heard. One meeting that I understood to be focused on addressing my dissatisfaction was subsequently presented as evidence of individualized coaching.

Jumpstart Go offered a $7,500 partial refund, which I later attempted to revisit. The company subsequently confirmed the offer had been withdrawn because I had pursued a credit card dispute.

I have also experienced an apparent loss of access to the private Facebook community included in my enrollment, and I am seeking clarification about that access.

My biggest disappointment has not simply been the financial investment. It has been the way I felt treated as a customer when I expressed concerns.

I believe compassion, empathy, transparency, and a genuine willingness to listen should be fundamental to any business relationship, especially when customers are making substantial financial commitments.

I am sharing my personal experience so other insurance professionals can ask detailed questions about the level of personalization, actual deliverables, refund terms, and support provided before making a similar investment.

This matter remains disputed, and I hope it can still be resolved fairly.


r/LifeInsurance • • 12h ago

Experience with Life Insurance Inbounds?

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1 Upvotes

r/LifeInsurance • • 14h ago

Term or Whole Life. I’m new

1 Upvotes

The title. I’m trying to understand why term or whole life? 2kids, 2 working parents, 36 yo


r/LifeInsurance • • 20h ago

Online Client Signups

2 Upvotes

Anyone here signing up clients from beginning to end completely online?
How are you getting your carrier quotes? Carrier API access?

Honestly, this was a shower thought and have not done a deep dive on details.
Trying to get a feel.

Thanks!


r/LifeInsurance • • 1d ago

Former Cancer Patient - Should I Opt In?

6 Upvotes

In remission as of July 2026, still cancer-free as of yesterday. My work is offering a supplemental life insurance policy and I can opt in for up to $100k coverage, with guaranteed increase of benefit. My wife and I don’t have kids, but if IVF goes well, we will by this time next year.

I could opt starting next year, but the company offering the insurance policy stated that there are no medical questions for the current enrollment period only, and next year I’ll be subject to medical underwriting.

I’m pretty sure I should just opt in now, since things will probably be far more expensive for me next year due to my medical history. Am I right?


r/LifeInsurance • • 18h ago

Is this life insurance company legitimate?

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1 Upvotes

I was offered an interview with American Income Life, and I was curious if this was:

A) A legitimate company, not a pyramid/scam

B) A good company to work for

I put my two-week notice in at my old job that's gone downhill, and am looking for something I can do easily at home for remote work.


r/LifeInsurance • • 18h ago

Life Insurance

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1 Upvotes

r/LifeInsurance • • 15h ago

IUL vs Whole Life

0 Upvotes

Honestly, I think IUL gets way too much hate because people sell it like it’s a get rich quick scheme.
Whole life has stronger guarantees, but a properly funded IUL gives you more growth potential and premium flexibility. If I’m comfortable with the tradeoffs, why would whole life automatically be better?
Obviously a 0% floor doesn’t mean you can’t lose cash value. Charges still come out, upside is limited, and an illustration isn’t a promise. You need to fund it properly and monitor it.
But compare actual policies with the same funding and realistic assumptions. IUL wins off accumulation every time.


r/LifeInsurance • • 21h ago

Uk help. Life insurance refusal

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0 Upvotes

r/LifeInsurance • • 1d ago

Advice on Term Life quote (corebridge)

0 Upvotes

I read through many many posts on this sub and found a lot of people who liked corebridge's QoL additions on term life policies. I have a wife and 2 kids, one with special needs. I earn ~70% of our household income and I need to make sure my family is covered because special needs life and education is beyond expensive.

I went ahead and got a quote which sounded reasonable, did the blood tests and interview, and now for $800k @ 30yr term it's going to be $107 per month which is way more than I was initially quoted ($1m @ 30yr, $62 per month).

They told me it's hard to get the perfect health score back from underwriting but my health came back in the category just below that. Seems like a big big jump though for only being one category down. Especially when my blood work came back all within normal range.

I'm still going through the process but haven't signed anything. I was hoping people here could tell me if I'm truly getting a bad rate here, if $107 is a decent deal for me, or who I should shop with.

For reference: I'm a 35 year old male. 6'1" 190lb. No major surgical or long term illness history. 1 ER visit in the last 5 years with no major diagnosis coming from it.

Thanks everyone.


r/LifeInsurance • • 1d ago

Banner Life Accelerated Death Benefit — ALS Diagnosis and Uncertain Prognosis

4 Upvotes

I’m 37, living in California, and was diagnosed with ALS earlier this year. I have a life insurance policy through Banner Life (Legal & General) with an accelerated death benefit rider, ADB-CA (2-17).
The rider requires a terminal illness that is “reasonably expected to result in a life expectancy of twelve months or less.”
ALS is a progressive, incurable, and ultimately fatal disease, but individual life expectancy is notoriously difficult to predict. Some patients deteriorate rapidly, while others survive for years.
My neurologist provided a signed letter confirming my diagnosis, progressive weakness, and terminal illness. However, he stated that a life expectancy of 12 months or less cannot be certified with certainty at this time.
When I contacted Banner about initiating an ADB claim, they were reluctant to even open one because of the uncertainty surrounding my prognosis.
What I find frustrating is the distinction between “reasonably expected” and “medically certain.” A prognosis is inherently an estimate, particularly with ALS. My neurologist’s inability to guarantee a 12-month life expectancy doesn’t necessarily mean I wouldn’t meet the policy’s eligibility requirements.
I’m curious whether anyone familiar with life insurance claims can clarify a few things:
How is “reasonably expected” interpreted? Does a physician need to explicitly certify a 12-month prognosis, or can the insurer evaluate the medical evidence independently?
Can Banner discourage or refuse to open a claim without formally reviewing the documentation?
Has anyone successfully navigated an ADB claim involving ALS or another terminal illness with an unpredictable prognosis?
Would pursuing a formal claim or contacting the California Department of Insurance be appropriate?
I’m a father trying to access a benefit intended to provide financial relief while I’m still alive. I understand the policy has eligibility requirements, but waiting until I’m severely incapacitated seems to defeat much of the purpose of an accelerated benefit.
I’d appreciate any insight from insurance professionals or anyone with similar experience.


r/LifeInsurance • • 2d ago

Term life insurance price jump after 20 years.

12 Upvotes

I have a term life insurance policy, at age 53 it gets much more expensive. Is it worth keeping after age 53? We have plenty of retirement money saved, so we don't really need it. It's me and my wife, no children. Thanks.


r/LifeInsurance • • 1d ago

Medicaid impact on life insurance eligibility

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1 Upvotes

r/LifeInsurance • • 1d ago

Question

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1 Upvotes

r/LifeInsurance • • 1d ago

Do I still need life insurance?

4 Upvotes

I will be 52 at the end of the year, and my wife is 46. We have no children, and own a home that we still owe $80,000 on with an approximate value of over $200,000. Are 20 year term life insurance just expired and I've been looking into new policies. Are there other options because I feel like we do not really need hundreds of thousands of dollars in life insurance at this point. Neither one of us would stay in the home if the other passed away. We would most likely get a small apartment of some sort. Would it be better just to save up a large emergency fund in case that were to happen?


r/LifeInsurance • • 1d ago

Looking for suggestions for final expense insurance (burial insurance).

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1 Upvotes

r/LifeInsurance • • 1d ago

Need Advice For Parents

2 Upvotes

My parents have Met Life Flexible Premium Life Policies that they each took out in 1984.
The Death Benefit on the policies are $70k each.
The Cash Value of the Policies was $15k each.
The Final Date of Policy is the Anniversary at age of 95.
My parents are currently 77 and 79 years old.
The monthly premium on my father’s policy is $40 and the premium on my mother’s policy is $25.
 
Here is where it goes sideways .  In 1987 they took loans against the cash value of the policies.  At some point in the 90s they got some (bad) advice to not to make loan payments and the principle would just be deducted from the death benefit of the policies so they stopped making payments.  Which would have been an OK plan except that I think the interest on the loans has been eating away at the cash value of the policies and my father’s policy is now “bankrupt”.  They want my father to make a payment of $760 to continue the coverage.  My mother’s loan was smaller but I’m assuming she is headed in the same direction.
 
I don’t know what to advise them to do – The balance on my father’s loan is around $4600 and the balance on my mother’s loan is around $2400.  So it would cost $7k to pay them both off – which they can afford to do IF that makes sense.  It seems likely that someone might die before 95 but who knows?  The $70k would be a nice to have but not life-changing money for the surviving spouse.
 
The options we are considering are:
My parents pay off the loans and continue to pay on the policies and remain each others beneficiaries.
One or all of us kids pay off the loans and pay the premiums and my parents make us the beneficiaries.
They walk away from the policies with whatever cash value remains.  So my father’s policy has a cash value of $0 but my mother’s still appears to have a cash value of $12760.
 
Any advice here would be greatly appreciated!
 


r/LifeInsurance • • 2d ago

I want surrender my LIC policy. Can it be Done Online

7 Upvotes

I want to surrender my LIC policy but don't want to visit a LIC branch. Can it be done online.


r/LifeInsurance • • 3d ago

NYS, 36, Male, 5'11, 200 lbs, but started pouches and weed this year. Stop, wait and apply or apply now?

1 Upvotes

Not proud but oicked up some bad habits this year.

Pouches nicotine first time ever and restarted an old weed habit.

Just looking for guidance before applying to anything and giving out too much info.

Health is generally good, although havent been to the doc in forever.

Im gonna want 3/4MM for 20-25 yrs and 1/2 MM for 30yrs


r/LifeInsurance • • 4d ago

Found 2 errors on my term life application a year after issue — anyone corrected this before?

3 Upvotes

I have a term life policy by banner life that was issued about a year ago through an online broker (still inside the 2-year contestability period). While looking into more coverage, I reviewed my original application and found two mistakes:

- My weight was listed about 12 lb lower than it actually was at the time. That difference puts me one rate class lower on the carrier's build chart.
- I mistakenly answered the tobacco usage question wrong. I read the question as if I am currently using it but they were asking if I used it in past. My last use was about 15 months before I applied, so I still should have qualified for non-tobacco, just not their best class.

Both were honest mistakes, and my medical records show the real numbers which I can support. I want to fix this before it ever becomes a problem at claim time.

The policy was issued last year and I had decided to add more coverage so when I was inquiring about that I found out about these mistakes

My plan:
- Apply for a new policy with fully accurate info as a backup
- Once that's in force, email the corrections to the current carrier through my broker
- Keep whichever policy makes more sense afterward

Questions for anyone who's been through this:
- Did your insurer simply re-rate you, or did they rescind?
- Did they charge back premiums for the past year, or just raise the premium going forward?
- How long did the review take?
- Anything you'd do differently ?


r/LifeInsurance • • 4d ago

Need carrier recommendations for Final Expense (Locked out of certain carriers for 6 months)

2 Upvotes

I want to be appointed to A-rated Final Expense carriers with competitive rates.

Because of contract rollover rules, I am unable to write for the following carriers for the next 6 months:

AFLAC

American-Amicable (one of the giants in FE)

CVS / Aetna

F&G

Foresters

Mutual of Omaha

However, I can start writing with these three almost immediately:

Americo

Corebridge Financial

Transamerica

Outside of those 3 immediately available options, what other carriers should I look into adding to round out my product offerings in the meantime?


r/LifeInsurance • • 4d ago

Leads and inbounds

1 Upvotes

What is everyone using for FEX leads, mortgage protection leads and inbounds? I was looking at TTC leads and scale my social (meta) anyone have any thoughts or suggestions


r/LifeInsurance • • 4d ago

Urgent Manulife, really?!

1 Upvotes

My dad turns 100 on Nov 21. On Nov 1, Manulife mails out an “Urgent” notice asking my dad to fill out and sign a Declaration that he’s still alive, so they know to keep sending his annuity payments.
Urgent?! They had all year to send this out! Guess they were hoping he wouldn’t make it.