23 July 2013 0 Comments

An Upside Down Approach To Purchasing Life Insurance: Part 2

In my previous entry I discussed the use of an Informal Inquiry in lieu of a formal application when proceeding with the purchase of life insurance where there is a medical history that might create a challenge in obtaining the best premium.   Now I’ll discuss a potential problem with this approach and situations other than [...]

20 July 2013 0 Comments

An Upside Down Approach To Purchasing Life Insurance: Part 1

When most people decide to purchase life insurance they complete a formal application.  The application is forwarded to the insurance company, followed by a copy of the medical examination.  The insurance company then obtains copies of the applicant’s medical records and possibly an inspection report, determines the correct premium class and a policy is issued.  [...]

26 April 2013 0 Comments

Did You Pay Too Much?

After making a substantial purchase, the question often goes through your mind, “Did I pay too much?”  Don’t you hate it when someone right next door buys exactly the same car that you just bought and they tell you they got it for $995 less?  Of course there is always the question, “Is their car [...]

12 April 2013 0 Comments

Mary Jane

Years ago anyone who admitted to smoking marijuana would, at the very best, be charged the same premium assessed to cigarette smokers.  Today, most insurance companies do not take such a harsh view of an applicant who admits to having smoked “a joint” in the past 12 months.  Though a person who has smoked a [...]