Life Insurance
#1
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Location: Melbourne, Oz to Banbury, England to El Mirage, AZ & now back to England!
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Life Insurance
I was just wondering if anyone noticed any major differences between life insurance in the UK & the US? We never had life insurance in England, as we didn't own a house etc. As we have now bought a house, we thought it would be good to get some, especially as we have a child.
So I called & got a quote, we had our medical phone calls & then they set up an appointment for a lady to come out & take our blood & urine. Do they do this in England too? Or is it just an American thing?
On a side note, a few minutes after I had my blood taken, I fainted (I've fainted a lot over the years, which doctors have attributed to my Mitral Valve Prolapse), but never from having my blood taken. Needles don't scare me & I've always watched my blood being taken & it's never bothered me. The nurse taking my blood said I had a petit mal seizure, but who knows, either way, it was really embarrassing!
So I called & got a quote, we had our medical phone calls & then they set up an appointment for a lady to come out & take our blood & urine. Do they do this in England too? Or is it just an American thing?
On a side note, a few minutes after I had my blood taken, I fainted (I've fainted a lot over the years, which doctors have attributed to my Mitral Valve Prolapse), but never from having my blood taken. Needles don't scare me & I've always watched my blood being taken & it's never bothered me. The nurse taking my blood said I had a petit mal seizure, but who knows, either way, it was really embarrassing!
#2
Re: Life Insurance
Originally Posted by Partystar
I was just wondering if anyone noticed any major differences between life insurance in the UK & the US? We never had life insurance in England, as we didn't own a house etc. As we have now bought a house, we thought it would be good to get some, especially as we have a child.
So I called & got a quote, we had our medical phone calls & then they set up an appointment for a lady to come out & take our blood & urine. Do they do this in England too? Or is it just an American thing?
So I called & got a quote, we had our medical phone calls & then they set up an appointment for a lady to come out & take our blood & urine. Do they do this in England too? Or is it just an American thing?
#3
Re: Life Insurance
Originally Posted by Partystar
I was just wondering if anyone noticed any major differences between life insurance in the UK & the US? We never had life insurance in England, as we didn't own a house etc. As we have now bought a house, we thought it would be good to get some, especially as we have a child.
So I called & got a quote, we had our medical phone calls & then they set up an appointment for a lady to come out & take our blood & urine. Do they do this in England too? Or is it just an American thing?
On a side note, a few minutes after I had my blood taken, I fainted (I've fainted a lot over the years, which doctors have attributed to my Mitral Valve Prolapse), but never from having my blood taken. Needles don't scare me & I've always watched my blood being taken & it's never bothered me. The nurse taking my blood said I had a petit mal seizure, but who knows, either way, it was really embarrassing!
So I called & got a quote, we had our medical phone calls & then they set up an appointment for a lady to come out & take our blood & urine. Do they do this in England too? Or is it just an American thing?
On a side note, a few minutes after I had my blood taken, I fainted (I've fainted a lot over the years, which doctors have attributed to my Mitral Valve Prolapse), but never from having my blood taken. Needles don't scare me & I've always watched my blood being taken & it's never bothered me. The nurse taking my blood said I had a petit mal seizure, but who knows, either way, it was really embarrassing!
By the way, your hub was military right, but is out now?
#4
Re: Life Insurance
Originally Posted by Partystar
I was just wondering if anyone noticed any major differences between life insurance in the UK & the US? We never had life insurance in England, as we didn't own a house etc. As we have now bought a house, we thought it would be good to get some, especially as we have a child.
So I called & got a quote, we had our medical phone calls & then they set up an appointment for a lady to come out & take our blood & urine. Do they do this in England too? Or is it just an American thing?
On a side note, a few minutes after I had my blood taken, I fainted (I've fainted a lot over the years, which doctors have attributed to my Mitral Valve Prolapse), but never from having my blood taken. Needles don't scare me & I've always watched my blood being taken & it's never bothered me. The nurse taking my blood said I had a petit mal seizure, but who knows, either way, it was really embarrassing!
So I called & got a quote, we had our medical phone calls & then they set up an appointment for a lady to come out & take our blood & urine. Do they do this in England too? Or is it just an American thing?
On a side note, a few minutes after I had my blood taken, I fainted (I've fainted a lot over the years, which doctors have attributed to my Mitral Valve Prolapse), but never from having my blood taken. Needles don't scare me & I've always watched my blood being taken & it's never bothered me. The nurse taking my blood said I had a petit mal seizure, but who knows, either way, it was really embarrassing!
with State Farm, if the death benefit exceeds $100,000 then a urine test will be done (no blood though as far as I am aware)
if under $100,000 in death benefit, and under 50 years old then no medical tests will be done.
#5
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Re: Life Insurance
Originally Posted by BrandonBrit
We've never had anyone come out for a blood and urine sample luv, however, with a petit mal seizure, that's nothing to be sneezed at, maybe you should get to the docs?
By the way, your hub was military right, but is out now?
By the way, your hub was military right, but is out now?
Yeah, he was in the Air Force, but got out nearly 2 years ago.
#6
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Re: Life Insurance
Originally Posted by Manc
It depends.
with State Farm, if the death benefit exceeds $100,000 then a urine test will be done (no blood though as far as I am aware)
if under $100,000 in death benefit, and under 50 years old then no medical tests will be done.
with State Farm, if the death benefit exceeds $100,000 then a urine test will be done (no blood though as far as I am aware)
if under $100,000 in death benefit, and under 50 years old then no medical tests will be done.
Ours is for $250,000 - just enough to pay for the house should something happen.
#7
Re: Life Insurance
Originally Posted by Partystar
This is through USAA.
Ours is for $250,000 - just enough to pay for the house should something happen.
Ours is for $250,000 - just enough to pay for the house should something happen.
you're gonna put the kids through college on you're own then should the worst happen and hubby not come home tonight?
regards.
Life Insurance Salesman.
#8
Re: Life Insurance
Originally Posted by Partystar
I was just wondering if anyone noticed any major differences between life insurance in the UK & the US? We never had life insurance in England, as we didn't own a house etc. As we have now bought a house, we thought it would be good to get some, especially as we have a child.
So I called & got a quote, we had our medical phone calls & then they set up an appointment for a lady to come out & take our blood & urine. Do they do this in England too? Or is it just an American thing?
On a side note, a few minutes after I had my blood taken, I fainted (I've fainted a lot over the years, which doctors have attributed to my Mitral Valve Prolapse), but never from having my blood taken. Needles don't scare me & I've always watched my blood being taken & it's never bothered me. The nurse taking my blood said I had a petit mal seizure, but who knows, either way, it was really embarrassing!
So I called & got a quote, we had our medical phone calls & then they set up an appointment for a lady to come out & take our blood & urine. Do they do this in England too? Or is it just an American thing?
On a side note, a few minutes after I had my blood taken, I fainted (I've fainted a lot over the years, which doctors have attributed to my Mitral Valve Prolapse), but never from having my blood taken. Needles don't scare me & I've always watched my blood being taken & it's never bothered me. The nurse taking my blood said I had a petit mal seizure, but who knows, either way, it was really embarrassing!
#9
Back where I belong!
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Joined: Aug 2005
Location: Melbourne, Oz to Banbury, England to El Mirage, AZ & now back to England!
Posts: 5,989
Re: Life Insurance
Originally Posted by Manc
cool, you'll get to pay the house off, neat!
you're gonna put the kids through college on you're own then should the worst happen and hubby not come home tonight?
regards.
Life Insurance Salesman.
you're gonna put the kids through college on you're own then should the worst happen and hubby not come home tonight?
regards.
Life Insurance Salesman.
We're going back to England, so I'm not really worried about that! As long as he has somewhere to live, that's the most important thing to us.
If the absolute worst were to happen & we both died, he'd have $500,000. Half to pay off the house & half for whatever else he should need down the line.
#10
Re: Life Insurance
Originally Posted by Partystar
If the absolute worst were to happen & we both died,
the trust needs to spell out Exactly what you want to happen should the worst happen.
Don't leave it to Grandma and expect she'll take care of your little ones, once that check is in her name, legally, there is nothing stopping her blowing the lot in Vegas.
#11
Back where I belong!
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Joined: Aug 2005
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Re: Life Insurance
Originally Posted by Manc
you really need, should that ever arise to have a trust set up by an attorney.
the trust needs to spell out Exactly what you want to happen should the worst happen.
Don't leave it to Grandma and expect she'll take care of your little ones, once that check is in her name, legally, there is nothing stopping her blowing the lot in Vegas.
the trust needs to spell out Exactly what you want to happen should the worst happen.
Don't leave it to Grandma and expect she'll take care of your little ones, once that check is in her name, legally, there is nothing stopping her blowing the lot in Vegas.
Thanx for the advice!
#12
Re: Life Insurance
Originally Posted by Partystar
We have wills, but we are going to update them, as a lot of things have changed since we wrote them nearly 2 years ago. Not to worry, we are good planners.
Thanx for the advice!
Thanx for the advice!
life insurance and death benefit are not subject to wills or probate or taxes.
You can have a will - that states something like "the life insurance death benefit is only to be used to care and lookafter partystar jr until the age of 18"
however it has no legal standing unless you leave the death benefit to the estate and to go through probate and all that good stuff.
estate taxes would be levied on it therefore.
seriously, a will cannot enforce the beneficiary of a life insurance policy to do anything you want with the money. if the check is made out to them, it is theirs...........
however if the check is made out to "the revocable trust of Mr and Mrs Partystar" then you will still legaly control the money / death benefit and how it is distributed even after death.
#13
Re: Life Insurance
Originally Posted by Manc
you really need, should that ever arise to have a trust set up by an attorney.
the trust needs to spell out Exactly what you want to happen should the worst happen.
Don't leave it to Grandma and expect she'll take care of your little ones, once that check is in her name, legally, there is nothing stopping her blowing the lot in Vegas.
the trust needs to spell out Exactly what you want to happen should the worst happen.
Don't leave it to Grandma and expect she'll take care of your little ones, once that check is in her name, legally, there is nothing stopping her blowing the lot in Vegas.
#14
Re: Life Insurance
Originally Posted by Sarah
How much would that cost Manc, to get a will with an attorney - do you have any ideas? I would like to leave all our many debts to the mother-in-law
Around a grand I reckon and upwards as it gets more complicated.
#15
Re: Life Insurance
Originally Posted by Manc
depends how much in the way of assets you're protecting and distributing.
Around a grand I reckon and upwards as it gets more complicated.
Around a grand I reckon and upwards as it gets more complicated.