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#1154300 - 03/17/17 10:03 AM Life Insurance
Ben Beckerich Offline
addicted to cc.com

Registered: 07/14/13
Posts: 516
TRs: 0 Photos: 26
I swear I've seen threads on this topic before, but not finding any via the board search feature now..

Who you using for life insurance, how you got it set up (term, annuity, etc), and how was it affected by your hobbies if at all?

I climb and race bikes and have a couple other factors that have surely contributed to nobody ever calling me back. I shit you not.. I've had like 5 agents just completely fail to get back to me. I've heard tale of climbers/racers/sky divers/suicidal maniacs getting policies without even really being asked a lot of questions.... but everyone I've talked to has asked a LOT of questions, and not liked the answers. Thus... I've never even gotten a quote, let alone an outrageous one.

So hook a bruh up. I got 6 kids and pretty much nothing to leave 'em.

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#1154301 - 03/17/17 10:31 AM Re: Life Insurance [Re: Ben Beckerich]
genepires Offline
spray'prentice

Registered: 06/27/01
Posts: 3759
TRs: 8 Photos: 59
Loc: sharing-hood
I thought AAC had some kind,of,insurance but it may be just rescue insurance. Maybe they have a connection for other insurance that deals with climbers?
_________________________
snatching defeat from the jaws of victory

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#1154305 - 03/17/17 10:50 PM Re: Life Insurance [Re: Ben Beckerich]
ScaredSilly Offline
old hand

Registered: 07/01/06
Posts: 1087
TRs: 9 Photos: 26
Loc: Ootah, USA
I have several policies with State Farm. They asked about my climbing. Kept the rate but yanked the double indemnity clause. About 10-15 year later they put it back in. I have done both whole and universal.

If you are having problems and have a professional society (such as engineering), join as they often have group term plans.

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#1154306 - 03/18/17 12:21 PM Re: Life Insurance [Re: Ben Beckerich]
JayB Offline

sprayer

Registered: 09/18/01
Posts: 8509
TRs: 8 Photos: 272
Loc: Capitol Hill
Hey Ben:

Speaking of kids - I'd type out a longer message but I've got two little ones I have to tend to at the moment - but I can say that we went through the same thing getting life insurance for my wife and ultimately had to seek out a high-risk broker.

The short story is that if you answer yes to a couple of key questions - you get your life insurance application and basically get put on a "do not insure" list. The guy we went with has contacts at insurers that he knows will write high-risk policies, lets them "informally" look over your application, and only "formally" submits your application when they've given the green light. Somehow this seems to work.

The application we had to fill out was super-detailed, and seemed like it was put together by someone who understood climbing. The downside is it's wicked expensive - we're paying ~3K a year for a 15 year $ 1 million dollar term-life policy. Anyhow - hope this helps - and isn't too depressing.

Here's a link to the guy we used:

http://www.stevenkobrin.com/
_________________________
-Jay

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#1154313 - 03/19/17 12:18 PM Re: Life Insurance [Re: genepires]
Ben Beckerich Offline
addicted to cc.com

Registered: 07/14/13
Posts: 516
TRs: 0 Photos: 26
Originally Posted By: genepires
I thought AAC had some kind,of,insurance but it may be just rescue insurance. Maybe they have a connection for other insurance that deals with climbers?


Looks like AAC endorses Nicholas Hill Group for "climber-friendly" life insurance.. I went ahead and put in a quote request. I guess odds are good I'll at least get a call back from those guys...

If not, I'll try steven kobrin


Edited by Ben Beckerich (03/19/17 12:18 PM)

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#1154319 - 03/19/17 11:55 PM Re: Life Insurance [Re: Ben Beckerich]
JayB Offline

sprayer

Registered: 09/18/01
Posts: 8509
TRs: 8 Photos: 272
Loc: Capitol Hill
Cool - hopefully you get at least a couple of quotes and are in a position to choose from competing offers.

Let us know how it goes - it'll surely be useful info for someone else. If you wind up getting terms that are significantly better than we've got at the moment, I'll follow your lead and give the NHG a call myself.
_________________________
-Jay

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#1154320 - 03/20/17 10:38 AM Re: Life Insurance [Re: Ben Beckerich]
G-spotter Offline
Sick Spray Bird

Registered: 12/20/01
Posts: 15158
TRs: 57 Photos: 410
Loc: free range
Can you get life insurance from your death panel?
_________________________
Bagging a cougar is one of the most enjoyable sporting feats a young man can accomplish

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#1154321 - 03/20/17 10:48 AM Re: Life Insurance [Re: Ben Beckerich]
Bronco Offline
Deskjockey

Registered: 02/16/01
Posts: 3520
TRs: 14 Photos: 111
Loc: Port Gardner, WA
Regarding the Term vs. Whole, I prefer to look at life insurance as having a completely separate purpose than my investments. You can get a lot more coverage for less premium with a Term policy.

We recently replaced our old policies and they were more concerned with my cholesterol and BMI than my climbing and bc skiing. I ended up paying about $1,100 annually for $500k of coverage, wife was $850ish for the same coverage.

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#1154326 - 03/20/17 05:28 PM Re: Life Insurance [Re: Ben Beckerich]
stevetimetravlr Offline
Pooh-Bah

Registered: 07/29/08
Posts: 1725
TRs: 2 Photos: 268
Loc: Washington
Put the money in a trust account for your kids, and buy a set of Totem cams, best life insurance policy ever.

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