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Re: Disability/Umbrella policies
Old 11-03-2006, 07:49 PM   #21
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Re: Disability/Umbrella policies

Originally Posted by Scout
Do you guys have more suggestions regarding which companies to go with?
You talking about DI? Like I said: MassMutual, Northwestern Mutual or Guardian. There aren't a lot of companies that sell this product and of the oones that are left, these are the best.

Why do I suggest these companies? Simple. They all have very high credit quality, so you can be sure they will still be there in 10, 20, 50, 100 years. They all have been in the DI business for a long time and will very likely stay in the business. They all have a long track record of doing (relatively) well by their policyholders. And they are all mutuals, which means that they are owned by their policyholders and don't have to answer to stockholders.

I spent several years doing nothing but analyzing the credit quality of life insurers. I had insider access to many companies, including some ofthe biggest players in the industry. Based on my experience, there are some I think highly of and others I wouldn't touch with a stick.

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Re: Disability/Umbrella policies
Old 11-04-2006, 08:41 AM   #22
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Re: Disability/Umbrella policies

Originally Posted by brewer12345
Heh, I always figured that the nightmare scenario was to rear-end a bus full of personal injury lawyers.
That's bad enough, but I thought the worst case was a bus full of the children of personal injury lawyers.

A lot of policies overlook this in their car insurance's uninsured/underinsured motorist coverage. Spouse and I are theoretically covered for lifetime healthcare under the military's system, but our kid is not. If we went under an Armada and she lived with lifelong disabilities then I'd like to know that there's the possibility of recovering enough to fund the cost of her care. When she's old enough for USAA to split her off our policy then we'll drop the UM/UIM.


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