Started By
Message
re: Why do people think that they can lie to insurance companies?
Posted on 10/21/16 at 1:12 pm to AubieALUMdvm
Posted on 10/21/16 at 1:12 pm to AubieALUMdvm
Not necessarily. Is it Term, whole, or universal life? Ballpark of your premium?
If it is Term life, how long is the term?
If it is Term life, how long is the term?
This post was edited on 10/21/16 at 1:14 pm
1
Posted on 10/21/16 at 1:22 pm to Vols&Shaft83
Term? It's probably sad but I don't remember. There were age brackets and naturally the price per month was different for each bracket. The max coverage was 300k so taht's what I got. It's less than 20/month
Posted on 10/21/16 at 1:32 pm to AubieALUMdvm
The length of your term should be on the declarations page ( usually it's in the first couple pages) of your policy. You also need to read your exclusions and limitations.
Your rate sounds ok, was it something offered through your work? If so, you're getting a group rate. Which is fine, until you leave your job.
Your rate sounds ok, was it something offered through your work? If so, you're getting a group rate. Which is fine, until you leave your job.
Posted on 10/21/16 at 7:13 pm to Vols&Shaft83
Man, I've learned a lot in this thread. Thanks for posting, and the link to request the data from MIB 
I used to work for NAIC, and I didn't even know about that source.
I used to work for NAIC, and I didn't even know about that source.
Posted on 10/21/16 at 7:26 pm to blacknblu
quote:
used to work for NAIC, and I didn't even know about that source.
Welp, there you go folks, this is why government shouldn't be in the insurance business .
Sorry man, I couldn't resist
Posted on 10/21/16 at 8:00 pm to Vols&Shaft83
Question for you.
How would an insurance company know if I was diagnosed with something like cancer in another country and then came back to USA and got insurance? Then after a few months "discovered" I had cancer?
Just using this as an example....
How would an insurance company know if I was diagnosed with something like cancer in another country and then came back to USA and got insurance? Then after a few months "discovered" I had cancer?
Just using this as an example....
Posted on 10/21/16 at 8:21 pm to I Love Bama
quote:
How would an insurance company know if I was diagnosed with something like cancer in another country and then came back to USA and got insurance? Then after a few months "discovered" I had cancer?
This is a tough question. I don't really have a good answer for it. I've never encountered this situation personally, but I'm sure it's happened before.
My guess is that if you're diagnosed with cancer in a country that has a nationalized health care system, and you're an American citizen, your medical records can be sent to the US upon your return.
That's just a guess though, I really have no idea. Most private health insurance applications have questions about your recent travel history, such as:
Within the last 24 months, have you traveled to or been a resident of a country outside of the United States or Canada?
Posted on 10/21/16 at 9:10 pm to Vols&Shaft83
quote:
Sorry man, I couldn't resist
I would have thought differently had you not taken the shot
FWIW, I was in IT, so I wasn't too familiar with the business. I also worked on regulatory activities, and systems like the such.
Posted on 10/21/16 at 9:34 pm to Vols&Shaft83
quote:
Welp, there you go folks, this is why government shouldn't be in the insurance business
Regulatory agencies are necessary for insurance. They require companies to not be dumb as frick and hand decisions over to Marketing/sales
Posted on 10/21/16 at 9:39 pm to GenesChin
quote:
Regulatory agencies are necessary for insurance. They require companies to not be dumb as frick and hand decisions over to Marketing/sales
Dude, I know. It was a joke
Posted on 10/21/16 at 9:39 pm to Vols&Shaft83
quote:
Welp, there you go folks, this is why government shouldn't be in the insurance business .
They should be in the regulation of insurance business tho.
When 9/11 hit, one of the only things keeping some top international insurance companies from going bankrupt overnight was the fact that 50 separate state DOI's could react differently than a single national one.
Posted on 10/21/16 at 10:53 pm to Vols&Shaft83
How hard was it to get your license? Ive actually been thinking about selling some life insurance on the side for awhile now, I wouldn't want to be involved at the level you probably are but it'd be nice to make a little money from it
What I'm saying may not even be possible
What I'm saying may not even be possible
Posted on 10/22/16 at 5:03 am to Wishnitwas1998
MS is easy as pie, study the book, pay the fee, take the test. The exam is a piece of cake.
You will need a sponsor though unless things have changed.
I let my lisc. expire a long time ago as it was not for me.
You will need a sponsor though unless things have changed.
I let my lisc. expire a long time ago as it was not for me.
Posted on 10/22/16 at 10:03 am to Wishnitwas1998
I've never held a license in Mississippi, but I assume you need to be sponsored by an insurance company like you do in every other state.
My first resident license was in Tennessee, I had to go to a 3 day course, then go to a testing center on Kingston Pike.
I don't know what the test is like now, but back in the day, it was pretty difficult. I think 70% of the people who took the test failed the first attempt. The standards have been relaxed quite a bit.
Getting a broker's license was a pain in the arse, getting a securities license (series 6 and 63) was a bigger pain in the arse.
I do have a series 7, but I've never used it. I once had an ambition to be a Wall Street big shot, but I never really pursued it. I was making enough money doing what I was doing.
My first resident license was in Tennessee, I had to go to a 3 day course, then go to a testing center on Kingston Pike.
I don't know what the test is like now, but back in the day, it was pretty difficult. I think 70% of the people who took the test failed the first attempt. The standards have been relaxed quite a bit.
Getting a broker's license was a pain in the arse, getting a securities license (series 6 and 63) was a bigger pain in the arse.
I do have a series 7, but I've never used it. I once had an ambition to be a Wall Street big shot, but I never really pursued it. I was making enough money doing what I was doing.
Posted on 10/22/16 at 11:20 am to Vols&Shaft83
quote:
I've been selling life insurance and financial products for almost 14 years now.
How miserable.
quote:
Now every life insurance application has a question about tobacco use, and I asked him "Have you used tobacco products within the last 24 months".
Why should I be punished for taking a dip from my buddy last summer while fishing?
Posted on 10/22/16 at 11:31 am to Chazzy McRamzee
Because you're an Ole Miss fan and frick you, that's why.
Posted on 10/22/16 at 12:43 pm to Vols&Shaft83
I already have a series 7 and whatever the state equivalent was of it so at least I'm somewhat familiar with the process
Posted on 10/22/16 at 1:15 pm to Wishnitwas1998
What do you do now?
Posted on 10/22/16 at 3:50 pm to Vols&Shaft83
I was in the bond selling business two years ago but since then my dad end up getting terminal cancer and passed away so Im self employed operating his rental properties and several little businesses we have like a car wash and a laundromat. They make good money and I can pretty much live off of them but it'd be nice to make a little extra on the side
Posted on 10/22/16 at 4:21 pm to Wishnitwas1998
Sorry to hear about your father. frick cancer
Page 6 of 9
Popular
Back to top
Follow SECRant for SEC Football News