There is a life insurance policy with an exclusion for death as a result of war; it doesn't list any exceptions.

The life insurance salesman says don't worry about the exclusion because since you were already enlisted in the military at the time we would issue the policy, they wouldn't be able to enforce it. A pre-existing condition of sorts.

Is the salesman likely being shady, or is this an actual thing?

That kind of exception to the exclusion for presently enlisted isn't actually in the text of the policy. If I take his word for it and something were to happen, I obviously wouldn't be around to contest it.

Thoughts?

My mom is 67 and my dad is 75. They are not insured. They live separately and i can afford a plan on each of them to help pay for their homes after they pass.

What are my best options for life insurance on them?

Is it too late?

Do they need to go to Dr for a check up?

Please and thanks in advance.

I'd like to get a life insurance policy on my stepmother. She is 61 years old, smoker, and not in the best health - No terminal or major illnesses. Can anyone give me a ballpark figure of how much a $100,000 and $250,000 policy would cost? Thanks!

edit Thank you all so much for the info. I know nothing about buying life insurance for someone else. I don't need it to be $100,000/$250,0000 but when I tried to Google info, those are the amounts that kept coming up. I really just want to make sure that funeral costs would be covered. We lost our dad a several years ago and couldn't afford to bury him. I'm just trying to make sure my half sisters don't end up in that same situation with their mother.

Thank you to everyone who provided info!

EDIT: excuse the word mixup in the title lol

Asking as a Canadian,

I've always seen that it's 5-8% interest rate, but now that I think about it, I think I've only seen American websites say this.

Asking my insurance company directly, they say they won't know until I actually have enough value to take out the loan after applying properly.

Does anyone have any experience? Burrowing against a universal policy if that matters.

How is the rate calculated? 'proprietary' or is it like a HELOC and prime+%? Is it based against bonds like fixed rate mortgages?

This might be a shot in the dark as I’m trying to navigate my way through health plans and life insurance.

I recently became a Federal Employee and I would like to take care of my parents as the came to the US with the hope of me to become someone in life. Now, I might hit something good. I landed a job where they are offering me FEGLI, FEHB, FEDVIP, FSA, and LTC. Although the latter is suspended.

My question is if there’s a way for me to include them in my health or life insurance plan?

Or should I just buy private life insurance and health insurance to cover them.

Mom is in her 60s and Dad is in his 50s both quite healthy maybe a little overweight and Dad has been diagnosed with hypertension.

He requested termination and it was confirmed with the insurance company as terminated 5 days prior to his death. Insurance company won’t release policy details etc except to executor of estate, which he currently doesn’t have one as everything passes to wife as POD or via deed. Any options here or state law I should consider?

State: Florida

Hello! I am applying for life insurance and have answered all medical questions fully and honestly. While waiting for the underwriting to wrap up I have tried to find the answer to this question. I cannot find anything anywhere. I understand how MIB works in that they maintain codes for a person, as in they have you listed as having a heart attack in MAY2020 but they do not actually have the medical records for that incident. But what about the insurers themselves? In this case, USAA. Once they are done with underwriting, do they keep my medical records just hanging around the entire time I have a policy? Do they dispose of them after underwriting? Thank you in advance friends.

Hi! I am a first time life insurance applicant. I have submitted an application and mentioned my past smoking, weed use, anxiety and sleep apnea. However, I have just remembered that I did not include that I’ve had migraines (haven’t had them for over a year now) and wrist pain. I have released all my medical records and now I am anxious that the insurance company will say that I committed fraud or something. Am I screwed? My anxiety is through the roof. This would ruin my life…

What are the reason why someone don't want to het life insurance?

Okay so basically as the header states I'm looking for insurance for myself and my wife. We had a recent death in the family and this has motivated us to handle this promptly. My question is what's the best company in terms of policies. We are both in late 30's with two kids and no real crazy health issues. I tried to reach out to I've company but that just felt very pushy and tried to pressure me into buying right away.

So I'm hoping someone can steer me in the right direction in regards to the process and how to navigate it.

Thanksr