Finance Dave
Thinks s/he gets paid by the post
- Joined
- Mar 29, 2007
- Messages
- 1,861
Can the group advise as to some providers I could look at? What's the best way to measure their financial strength and longevity....are they rated? I want to pick one that will be around in 40 years....as I'm 50.
Any good articles or websites? (I did do a search here and read about 4 threads already).
I have done some basic research and most sources state that you really don't buy a length and a benefit (such as 4 years x $200/day), but that what you're truly buying is an amount (4 years x 365 days x 200/day = $292,000...so you'd be buying a $300k policy)...and then they are willing to state that amount in any combination of years and $$/day that you'd like...is that true? So for example, a 4 yrs x $200/day policy would cost the same as an 8 year x $100/day policy.
I also know a bit about the ADLs....I've read some on that, but any further advice in that area would be helpful.
Lastly some logistics questions. Do I have to get a physical to be accepted? If so, is it at all beneficial to be "healthy" during the physical? In other words, are your premiums or ability to insure based on things like weight, BMI, glucose levels, Blood pressure, etc?
Thanks in advance for any help. I'm 50, DW is 54, and we're considering buying in the next 2 years or so...want to start narrowing down the field.
Dave
Any good articles or websites? (I did do a search here and read about 4 threads already).
I have done some basic research and most sources state that you really don't buy a length and a benefit (such as 4 years x $200/day), but that what you're truly buying is an amount (4 years x 365 days x 200/day = $292,000...so you'd be buying a $300k policy)...and then they are willing to state that amount in any combination of years and $$/day that you'd like...is that true? So for example, a 4 yrs x $200/day policy would cost the same as an 8 year x $100/day policy.
I also know a bit about the ADLs....I've read some on that, but any further advice in that area would be helpful.
Lastly some logistics questions. Do I have to get a physical to be accepted? If so, is it at all beneficial to be "healthy" during the physical? In other words, are your premiums or ability to insure based on things like weight, BMI, glucose levels, Blood pressure, etc?
Thanks in advance for any help. I'm 50, DW is 54, and we're considering buying in the next 2 years or so...want to start narrowing down the field.
Dave