Has anyone applied for AARP term life insurance from new york life? there are only three medical questions non of the questions relate the HD or are even close. I have been thinking about applying for it for myself and my phd, just wondered if anyone has had any experience with it? seems too easy!
Number 2 is non issue for bill, has not been hospitalized etc. it is number 3 that has me confused. Bill has not been to a doctor since August...aside from the HD he is pretty healthy. However he is taking meds....however we have not seen the coe people about them since we were there in August. But I wasn't sure if the fact that he is taking them percluded him automattically.
thats the thing we have no history of his family, they lost track when Bill was very young, hence we didn't know HD even existed until diagnosis 5 years ago....well before the 3 year questions. my only concern is the meds he's on but we get them through coe!
I am not sure what type of policy this is. If it's the type where ya buy 10K chunks and you only buy one or two levels, the questions are not so relevant. They won't spend time looking into the claim very deeply. These are questions designed as deterrent and do protect from people who get a cancer diagnosis or something and frequent the doctor for that illness. They just don't want ninth hour customers who have short times to live and know it. They do treat a 10k claim a lot different than a two million dollar claim. If you do get this policy in late or end stage HD... it will probably come out. Hold it for 5 years... and it won't. If it is the kind I am thinking about... people pick it up when they can afford it as an after thought almost and drop it when things get tight... and they almost count on turnover like that.
Eric is correct. These policies are expensive compared to other life insurance policies. The appeal is that underwriting is less stringent and they are easy to issue. The companies know what they are doing. You have nothing to lose.
When question 3 says no doc visits in the last three months, if it has been 4 months since he saw a doctor, you are fine.
Over a year ago, I bought life insurance through work. In that offer, if I bought $100K on myself, my spouse could get $50,000 no questions asked. I bought it. The only kicker was that if she passes away in the first two years, they would not pay and would refund our premium. It costs an arm and a leg. That's OK with me because I calculated that there is a big chance that I will get back in death benefit far more than I will pay in the next 10 years. If I could get another deal like that, I would jump at it again.
thanks everyone for your input! I'm pretty sure we are safe with this one....I have reread these forms so many times I could probably recite them by now! lol sometimes it just helps to have someone to bounce these things off of....thanks agian