Which disability insurance policy should I choose?

If I decline benefits at work, I can get an additional $2 per hour, which works out to be $4,080 per year. I’ve already switched to my wife’s plan for health, dental, & vision coverage, which is less than half of what I pay for individual coverage with my current company. I also was able to get a life insurance policy at a competitive rate. My issue is with disability insurance. I have a history of sleep apnea which is now so mild that my doctor says that treatment is not needed. Metlife has quoted me a policy for 5 year term of disability coverage for $97 per month with no exclusions. Mutual of Omaha has given me a quote of $106.87 for disability coverage until I turn 67, but they are exlcuding any disability due to or related to sleep apnea. Which disability coverage policy should I chose, or should I just stay with my employers plan and not worry about the extra $4,080 I would get by declining benefits with them?
Thanks for the replies! The policies have a 90 day exclusion period then are in force for 5 years with a qualifying disability for Metlife and till age 67 for Mutual of Omaha, which has the sleep apnea exclusion. The monthly benefit is $3600.
Thanks again for the replies. Do you think the limited benefit period of 5 years is a problem or is the chance of me having a catastrophic illness or injury very remote? My employer’s short and long-term disability group policy would provide coverage until age 65 if I were to become permanently disabled (60% of pay) and there are no pre-existing condition exclusions. However, as I mentioned before, I would forfeit the extra $4,080 per year by keeping the policy. What are your thoughts?
Yes, these are offers. Yes, I did go through two different agents initially. The insurance broker with the Metlife agent has given me all the pluses and minuses of my three choices and is leaving the decision up to me. I’m definitely leaning towards the metlife policy.

First of all, kudos for realizing that this is probably the best possible use of that extra $2/hour. Normally, one needs disability insurance more than one needs life insurance, since one is more than three times as likely to be disabled during one’s working years than to die; and when one is disabled, living expenses usually increase.

"What the?" makes a good point regarding the taxability of the benefit; this is irrelevant however, since all individual policies provide a tax-free benefit (as opposed to group plans, for which benefits are taxed proportionally to the portion of the premium paid by the employer). Given that your additional pay more than covers the premium and your benefits are tax-free, the individual plan is by far the preferable one.

And unless you have an emergency fund of at least 7-10 times your annual income, self-insuring is not an option.

How can i get car insurance comparison rate for teens ?

Hi, I am a 17 year old female who lives in the suburbs of New jersey. I will be driving a 1999 year model car and i want to know if anyone can give me a quote on insurance. The insurance will be paid only by me by myself not with my parents. i really need help or else I will never be able to drive!

I recommend you this site where you can compare quotes so you can find the best option for you

http://Cheap-Car-Insurance-USA.info

How could i get car insurance comparison rate for teens ?

Hi, I am a 17 year old female who lives in the suburbs of New jersey. I will be driving a 1999 year model car and i want to know if anyone can give me a quote on insurance. The insurance will be paid only by me by myself not with my parents. i really need help or else I will never be able to drive!

I recommend you this site where you can compare quotes so you can find the best option for you

http://Cheap-Car-Insurance-USA.info

Anyone used AAA for Life Insurance? Trying to decide between AAA and Farm Bureau?

Getting Term Life Insurance and my rate from AAA looks better than what i was quoted from my Farm Bureau agent. Any recommendations?
Excuse me but Ambest CHARGES $145 for a freakin report on companies. That’s a ridiculous and arrogant answer.

Life insurance is NOT to be bought like a commodity; price is definitely the least important consideration, with the company not being far behind. Comparing quotes is a great way guaranty that you’ll make a bad decision. AM Best may charge for financial ratings reports, but most companies publish their ratings, and most agents have access to comparative ratings. Feel free to email me and I’ll give you ratings on whatever companies you’re considering.

You’re speaking to AAA and Farm Bureau. While there may be nothing "wrong" with their life products, they are not financial planning companies, and are therefore not qualified to provide reliable advice on life insurance. The only reason you should be considering a casualty carrier for life insurance is to receive multiline discounts. Without such discounts, it is unlikely that these companies are offering competitive premiums on truly like coverage.

Which leads to the next question. If you’re receiving life insurance information from people who are not qualified to give it, how do you know you are even looking at the right type products? Life insurance should only be obtained from or under the direction of a qualified financial planner or advisor. If an "agent" doesn’t specialized in comprehensive financial advice (and selling home or auto products is a good indication that he doesn’t), he’s the wrong guy to be asking about life insurance.

How flexible are life insurance quotes. Can I negotiate with company for a better rate.?

I got a quote for my family and me for life insurance (20 years/400K each). I would like to negotiate a better rate with the broker (assuming same coverage).Can it be done, or are the rates fixed, is there room to negotiate. we did the blood work and were offered standard rates.

I recommend you this site where you can compare quotes so you can find the best option for you

http://qinsurance.notlong.com

Low Cost Term Life Insurance Quotes

Carrying everything within a tight budget is certainly one of the hardest challenges that people need to deal with today especially with those who have their own families. Certainly, making a great improvement on how the people are able to handle their needs and the needs of their families is a great matter of concern for many financial institutions today.

Serving the market with their demands and the major considerations that they are most giving focus to is the primary aim of major companies today who are providing low cost term life insurance quotes through providing the public with the benefits that they deserve from the money that they are ready to pay the institutions with.

Understand What You Could Get From Low Cost Term Life Insurance Quotes

Knowing how to get the best out of the low cost whole life insurance program that you have enrolled yourself in is certainly one matter to consider as you get along with the term payments or even before you continue engaging in the said insurance transaction with your chosen institution.

One of the most important things that you need to make serious attempts of knowing is the fact the policies presented to you by the recruiting agents are true and reliable based on record. Aside from that, you must also know the available low cost term life insurance quotes that best fit your needs as well as your capability to pay as an enrollee of the said policy.

It is undeniable that through undergoing a thorough examination of the major elemental factors that make up the policy that you have engaged in, you are sure to get the best out of whatever benefits are actually making that particular program work best for your needs. Yes, knowing that a low cost term life insurance quote available in the market fits your budget is not enough judgment that could give the right kind of decision that you need whether to go for or to stop engaging in business with the said financial institution that you have signed contracts with.

Knowing How Low Cost Term Life Insurance Quotes Works

Low in payment rate as they are, low cost term life insurance quote offerings in the market are also known for their wide scope of different benefits in the field of insurance programs offered to the market today. It could be observed that with the aim of the major financial institutions to assist the human society in their needs today, they have made low cost term life insurance quotes program offerings more accessible and more affordable for the low-earning individuals living within the human community.

Want to find out more about for life insurance quotes, then visit http://www.onlinelifeinsuranceinfo.net/ on how to choose the best term life insurance quotes for your needs.

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Life Insurance question….need advice!?

Hi, I was at a family gathering and ended up talking to a cousin, who sells Insurance. I mentioned looking into getting a whole life policy and maybe throwing some business her way. She told me to give her a call when I was ready. After the party it suddenly dawned on me that life insurance applications get very personal, and you usually have to divulge your medical history. I have had multiple surgeries in the past 10 years. My relatives, her included, tend to talk a lot and I don’t want her knowing my medical background. Although she told me to call her when I was ready, she’s already CALLED ME asking for personal info to get me rate quotes. How can I get out of this, without hurting her feelings?

Just explain to your cousin you’ve decided not to buy any life insurance at this time. Tell her it’s a personal decision and you really don’t want to get into a discussion about it. Thank her for her interest and let it end at that.

Is wells fargo mortgage payment protection a rip off?

We have a mortgage loan with Wells Fargo and they sent us a mortgage payment protection rate quote of $33 per month which is "secure 12 Mortgage Payment protection" through Minnesota Life Insurance with benefits up to "4000.00 a month benefit".

Knowing that there are alot of scam warranty protections out there for home appliances as an addition to your already home insurance policy, is this a scam also?

I think it’s a bad deal, but not a scam.

See, any time a LENDER is offering to "let" you buy insurance, that only pays THEM, well, that’s a bad deal.

If THEY want coverage to make sure THEIR loan gets paid, let them buy it.

If YOU want coverage to make sure that YOUR household bills get paid . . .. you want YOU to be the one getting the money, so you can decide if you’d rather spend it on the mortgage, or on food for your 19 kids.

Never pay to insure someone ELSE. If you’re going to buy it, let YOU choose who gets paid.

does anyone know of a good life insurance quote site?

I need to do a comparison so I can get the best rates.

There is no such thing as a good life insurance quote site. First, all online sites "lowball" premiums, quoting best underwriting classes for which most won’t qualify, and ignoring underwriting issues that will adversely affect the rate. More importantly, life insurance is not a commodity to be purchased by price; it is an intricate financial tool that is worthless unless properly employed. Consult with a properly qualified financial planner or advisor, not an insurance agent.

Picking out life insurance for myself and family — help?

We have all decided that life insurance is a good idea for each person. But because we are all different, we’re having trouble finding a good company. And yes, I know that meeting with an insurance broker is the smart thing to do but before we go ahead and do that we want to do some investigating online first … sales people are always pushy and annoying so until we are 100% ready we don’t want to go that route yet. We’re just "window shopping" so to speak.

Myself:
Age 20
Healthy, Non-smoker
No alcohol

Mom
Age 48
Healthy, recently quit smoking
No alcohol

Her husband
Age 40
Moderate health, smoker
No alcohol

Sister
Age 13
No smoking, No alcohol and Healthy
Born preemie and heart murmur as infant
(It may seem odd to you that we would include her in this but if she passes we want to be sure that we can cover a funeral)

We’d be okay with individual companies. Can someone give us a general idea of a good insurance company in the US with good rates? Or direct us to a website that can generate quotes for companies.

Nope. The insurance company that’s best for your mom, is probably not going to be the one best for you.

Website links you’ll get, pretty much all harvest your personal information to sell it as leads to hundreds of agents.

The reason why you’ll get referred to a broker, is because there’s no one company that’s cheapest for EVERYONE.

So, since you want to research online, do some thinking – heavy thinking – about what the GOAL is, for each of the policies. And read yahoo personal finance about life insurance, and the Dave Ramsey "truth about life insurance" page. If you have a concrete goal set (like paying for sis’s funeral), BEFORE you talk to the broker, then you won’t be easily sold on something you don’t need.

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