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Old 10-07-2015, 10:53 AM
 
67 posts, read 65,637 times
Reputation: 29

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Quote:
Originally Posted by Quiettimect View Post
I assume you are feeling better and are just now telling stories to make us laugh.

With the exception of jumping off the GG bridge the rest of the plan sounds like a cool adventure.

What gives?
I think Korea is necessary because now I am running into people at the store whom I used to talk about the markets with. they have incredible stories of profit and I'll admit the green monster of envy is hitting me hard. One guy allegedly (he has always been truthful in the past anyway) turned 15K into 500K the past 2 weeks with options on energy stocks. Amazing! It does appear we're in a new era of ever rising stock prices and that one lock limit down day was the anomaly, but it was enough for me to ruin it all. Can you imagine making 30 times your money in two weeks!

I am indeed purchasing the insurance policy, but it will be more of an "option" (pun intended) so I can see how things go as we move along. If I can handle the new life overseas, that's good. If not, there is always the "Easy" way out and I get a legacy of leaving it to a cause that I believe in strongly. So it's a win/win really.
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Old 10-07-2015, 10:55 AM
 
18,079 posts, read 15,664,302 times
Reputation: 26791
Most life insurance policies have a "no suicide" rule. If you die by your own hand, the money will not be paid out.
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Old 10-07-2015, 10:58 AM
 
26,191 posts, read 21,583,182 times
Reputation: 22772
Quote:
Originally Posted by lottamoxie View Post
Most life insurance policies have a "no suicide" rule. If you die by your own hand, the money will not be paid out.
This isn't true, most actually cover suicide but have a clause the policy has to be enforce for a period of time before they will cover it, typically 2 years.
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Old 10-07-2015, 10:59 AM
 
26,191 posts, read 21,583,182 times
Reputation: 22772
Quote:
Originally Posted by luv my dayton View Post
Had two life insurance policys on my husband. He passed away and had no problems with either company. Would like to know what problems you may have had with yours. No names please just problems.
More than likely he's had no actual issues but just posts drivel about any financial related company
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Old 10-07-2015, 11:07 AM
 
18,079 posts, read 15,664,302 times
Reputation: 26791
Well I stand corrected.

I have no life insurance anyway since I have zero heirs and no one else to take care of if I'm no longer around.
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Old 10-07-2015, 02:40 PM
 
5,301 posts, read 6,179,553 times
Reputation: 5491
Many life insurance companies also sell high deductible individual health insurance policies for people who are self employed and don't want to pay a lot of money for "community rating" health policies from insurers like Blue Cross. One such company was Reserve Life Insurance of Dallas, Texas. I know about them because years ago when I was self employed, I took out a health insurance policy with that company. I started out paying $45 per month for a policy that covered 80% of total costs after the first $1500 spent per covered illness with a lifetime benefit capped at $1 million. It sounded real good. But every year the monthly premium shot up, which I reduced by increasing the deductible. After 5 years, I was paying $650 per month for $5,000 deductible and I never filed a claim. That's when I got out. I later learned that this was common practice with individual policies. It's called the "death spiral."

Reserve Life was shut by the Texas Insurance Commissioner and I believe that it's still in receivership.

https://en.wikipedia.org/wiki/Death_spiral_(insurance)
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Old 10-08-2015, 08:43 AM
 
67 posts, read 65,637 times
Reputation: 29
Quote:
Originally Posted by Wells5 View Post
Many life insurance companies also sell high deductible individual health insurance policies for people who are self employed and don't want to pay a lot of money for "community rating" health policies from insurers like Blue Cross. One such company was Reserve Life Insurance of Dallas, Texas. I know about them because years ago when I was self employed, I took out a health insurance policy with that company. I started out paying $45 per month for a policy that covered 80% of total costs after the first $1500 spent per covered illness with a lifetime benefit capped at $1 million. It sounded real good. But every year the monthly premium shot up, which I reduced by increasing the deductible. After 5 years, I was paying $650 per month for $5,000 deductible and I never filed a claim. That's when I got out. I later learned that this was common practice with individual policies. It's called the "death spiral."

Reserve Life was shut by the Texas Insurance Commissioner and I believe that it's still in receivership.

https://en.wikipedia.org/wiki/Death_spiral_(insurance)
Thanks, this sounds like a good company to try to screw over.
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Old 10-09-2015, 01:57 AM
 
Location: Los Angeles
2,914 posts, read 2,688,085 times
Reputation: 2450
Quote:
Originally Posted by Lowexpectations View Post
More than likely he's had no actual issues but just posts drivel about any financial related company
From the King of Drivel.
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Old 10-09-2015, 06:01 AM
 
26,191 posts, read 21,583,182 times
Reputation: 22772
Quote:
Originally Posted by Big-Bucks View Post
From the King of Drivel.
Why didn't you answer the question?
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