Hello folks,
This is me, with part 1. First of all, thanks to everyone that chimed in with their suggestions and opinions. Now I have quotes for 1M for DW and 500K for myself (due to pre-existing conditions, quotes are lot higher than that of DW's).
I am here to get your opinions on the companies I/we should go with. We have quotes from TransAmerica, ING, Prudential and William Penn (only for DW). The quotes we recd. are as follows.
DW for 1M/yr, 30 years term insurance -
TransAmerica - $760
William Penn - $755
ING - $768
Prudential - 665
Quote for me for 500K/yr, 30 years term insurance -
TransAmerica - $1020
William Penn - Denied
ING - $1948
Prudential - ~$1600
All these companies have minimum rating of A in Moody's and AA in S & P's list, so I am confused which one to go with. I really don't have much option for myself as TransAmerica quote beats the price of the others but I can choose the best company for DW. I understand that the quotes can vary after underwriting, still I am here to ask about opinions and experiences about these companies. Is there any that you would like to stay away from for a reason or two (like I heard that William Penn is little strict with their underwriting and its a smaller company compared to the others, not too sure how far this is true).
Is there any other company that you would like to suggest me to look into?
Just today morning going through this forum postings, I came across USAA where the poster mentioned that some of their products are available for non-military folks, do you think its worth giving a try to them?
I would also like to know your take on 'return of premium' term policy. In all honesty, there is a reasonably good chance that I will be led to rest by 65-70 (now 35) but DW will be strong till 80 (due to our genetic factors) so I am looking into that too.
Many thanks in advance.
This is me, with part 1. First of all, thanks to everyone that chimed in with their suggestions and opinions. Now I have quotes for 1M for DW and 500K for myself (due to pre-existing conditions, quotes are lot higher than that of DW's).
I am here to get your opinions on the companies I/we should go with. We have quotes from TransAmerica, ING, Prudential and William Penn (only for DW). The quotes we recd. are as follows.
DW for 1M/yr, 30 years term insurance -
TransAmerica - $760
William Penn - $755
ING - $768
Prudential - 665
Quote for me for 500K/yr, 30 years term insurance -
TransAmerica - $1020
William Penn - Denied
ING - $1948
Prudential - ~$1600
All these companies have minimum rating of A in Moody's and AA in S & P's list, so I am confused which one to go with. I really don't have much option for myself as TransAmerica quote beats the price of the others but I can choose the best company for DW. I understand that the quotes can vary after underwriting, still I am here to ask about opinions and experiences about these companies. Is there any that you would like to stay away from for a reason or two (like I heard that William Penn is little strict with their underwriting and its a smaller company compared to the others, not too sure how far this is true).
Is there any other company that you would like to suggest me to look into?
Just today morning going through this forum postings, I came across USAA where the poster mentioned that some of their products are available for non-military folks, do you think its worth giving a try to them?
I would also like to know your take on 'return of premium' term policy. In all honesty, there is a reasonably good chance that I will be led to rest by 65-70 (now 35) but DW will be strong till 80 (due to our genetic factors) so I am looking into that too.
Many thanks in advance.
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