LIFE INSURANCE

[ExGingi]

Have not seen this. Off the cuff reactions:

1. If we're all soviets, then the information is unreliable
2. For the sake of argument, let's stipulate that the data is reliable. Still seeing mortality improvement trend here, looks like the story is more on the side of russia catching up than US losing its footing
3. Average mortality can be a funny thing when the difference in lifespan between rich and poor is a decade or more. Seeming slowdowns in overall average mortality improvement can be attributed directly to socioeconomic changes- as we start to look more like an oligarchy and cultivate modern aristocracy there come to be fewer people who are in the rich long-life bucket relative to the number who fall in into the poor-reduced life bucket
4. Mortality improvement historically came from improved disease treatment (management of heart disease, cancer, adult diabetes, etc) and after a society has accomplished disease management there is no further improvement. Other societies may follow the same path on a later timeline

Not asking about the entire chart, just the last decade for this specific age group. The absolute numbers seem to be lower on the Russian side. What are the shorteners of LE for this specific age group?

[biobook]

Not asking about the entire chart, just the last decade for this specific age group. The absolute numbers seem to be lower on the Russian side. What are the shorteners of LE for this specific age group?

Nobody could interpret a graph without its legend and without a reference, which was not provided.

I don't know anything about this topic, but don't the lower mortality numbers imply a longer life expectancy for this age group?

[ExGingi]

I don't know anything about this topic, but don't the lower mortality numbers imply a longer life expectancy for this age group?

Correct. My question is what are the key causes that make the US fare worse than Russia for that age group in the last decade.

[biobook]

Correct. My question is what are the key causes that make the US fare worse than Russia for that age group in the last decade.

Oh, I see what you're saying - that the USA has a lower LE than Russia.  But it looks like the US rate is steady, and it's the Russian rate that seems to have gotten better. 

I would think that 40-69 is a large age range to focus on, since it includes both middle aged and "elderly" (ie, over 60 or 65).  Let's say that in Russia there was a higher death rate among the elderly (due to the effects of heart disease, smoking, covid, violence, whatever), then the 40-69 group would consist of an increasing proportion of younger people (under 60) and would therefore appear to have a higher life expectancy.  Does that make any sense?

[Yehudaa]

Is it important  to use an advisor who’s going to be around for the length of your term policy?

I have a term policy that I got from a broker who will almost certainly be retired 20-25 years before my policy expires. If I want to make any changes at that point, am I stuck with whichever broker gets his book of business?

If I want to drop my policy from him and go to someone else, I assume I should do so while I’m still young and term rates are cheap.

[Alexsei]

Is it important  to use an advisor who’s going to be around for the length of your term policy?

I have a term policy that I got from a broker who will almost certainly be retired 20-25 years before my policy expires. If I want to make any changes at that point, am I stuck with whichever broker gets his book of business?

If I want to drop my policy from him and go to someone else, I assume I should do so while I’m still young and term rates are cheap.

I think it's more important to have a convertible term with the right insurer

[Yosel]

I think it's more important to have a convertible term with the right insurer

as well as reviewing your term policy every 3-5 years, hence u will be InTouch with your agent along the way, and perhaps change to another quality agent down the road

[shmelive]

Hi folks,

My wife is having trouble getting life insurance. Hoping for some direction/help here. Details:

1. She has planned travel to Israel. We reported this on two different applications, and the application was denied due to travel plans. One rejection said we should re-apply after the travel. But we often go to Israel, so it's unlikely that we will have a period of time without a planned trip.
2. We are hoping to try for another baby soon. While she is pregnant, I'm assuming we can't get life insurance or that it will be much more expensive.

We are in NYC. Looking for term life.

Any help would be helpful, but if you are/know a broker with experience specifically in this area, that would be most useful.

Also, if there's somewhere else to post this that would be useful, please let me know.

Thank you so much!

[ExGingi]

Hi folks,

My wife is having trouble getting life insurance. Hoping for some direction/help here. Details:

1. She has planned travel to Israel. We reported this on two different applications, and the application was denied due to travel plans. One rejection said we should re-apply after the travel. But we often go to Israel, so it's unlikely that we will have a period of time without a planned trip.
2. We are hoping to try for another baby soon. While she is pregnant, I'm assuming we can't get life insurance or that it will be much more expensive.

We are in NYC. Looking for term life.

Any help would be helpful, but if you are/know a broker with experience specifically in this area, that would be most useful.

Also, if there's somewhere else to post this that would be useful, please let me know.

Thank you so much!

When one has a PLANNED (as in have a ticket, a penciled-in date, etc.) travel to what is considered a danger zone, the common response would be postpone. Let her apply when she gets back before she has the next actual plan.

Plenty of pregnant women get life insurance.

[Euclid]

Plenty of pregnant women get life insurance.

Be sure she doesn't have gestational diabetes before applying though

[shmelive]

When one has a PLANNED (as in have a ticket, a penciled-in date, etc.) travel to what is considered a danger zone, the common response would be postpone. Let her apply when she gets back before she has the next actual plan.

Plenty of pregnant women get life insurance.

Thanks for the response. There won't be such a large time window, but we can try.

[shmelive]

If anyone knows of a broker who would be able to get us a policy even with a planned Israel trip, please let me know.

[ExGingi]

Be sure she doesn't have gestational diabetes before applying though

Or other issues.

[shmelive]

Be sure she doesn't have gestational diabetes before applying though

Or other issues.

I'll be sure to let her know to make sure to not have any issues   

[shmelive]

When one has a PLANNED (as in have a ticket, a penciled-in date, etc.) travel to what is considered a danger zone, the common response would be postpone. Let her apply when she gets back before she has the next actual plan.

Would travel to Mexico be considered a danger zone for this purpose?

[elimmm]

is there a wiki type post that advises site/company to shop for rates online?
does it make more sense to use a broker for simple term plan?

[ExGingi]

Would travel to Mexico be considered a danger zone for this purpose?

I don't believe so (for most companies).

[ExGingi]

is there a wiki type post that advises site/company to shop for rates online?
does it make more sense to use a broker for simple term plan?

I suggest asking for recommendations of a broker you can trust, who can make educated recommendations based on your specifics (and share all information if you want the recommendation to be appropriate for you).

[Shmueli]

Looking to explore my life insurance options in case if death ch"v before children are married (+5 years).

I see I can get 30 yr term insurance for 250k payout, for $200 a year.
Or $500k, 30 yr, for $325 a year.
Would those be a good price?

I am thinking between something like that or Areivim (or both).
Does anyone know the full scoop with Areivim? (I know it's been discussed here before - It's just a mess of info)
e.g How much have the monthly contributions been on average? What happens when the group population ages (in 30 yrs from now)? Will they require more younger ppl to sign up to pay for the older ppl (pyramid scheme style  )? What happens if ch"v there is a wave a deaths and the contributions can't cover everyone? Wouldn't it make the most sense to opt into Areivim once I am much older (higher risk) and have more children to get more bang for my buck (risk and payout wise)? Does the math even make it cheaper at this (young) stage in my life?

[Shmueli]

And also... Is there a experienced, frum, life insurance agent who is "in the hock" on DDF / or can someone recommend one? (and not paid more / incentivized to push one policy over another 
W/ WhatsApp preferred
Plz PM me