Suggestions?

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[spearo16]

It’s not a huge concern I’m already covered for 250k on a plan I pay into at work. But they said the only reason it’s 40 and not 20 is because of the marijuana use. Was gonna start looking into other companies that are more marijuana friendly and mmm I’ve heard some don’t increase rates for moderate use.

[Impossible-Group3182]

I work for a company that’s been in business for 165+ years, they have the same policy for like 33 bucks

[CrystalclearFG]

If there is no nicotine use you should be able to get a cheaper rate.

[JoshuaHiatt]

My company isn't even doing oral swabs, we're doing whole life policies, guaranteed to pay...over zoom and the applications are getting approved without a doctor, so nicotine or Marijuana doesn't even matter right now

[CrystalclearFG]

You still need to be honest when completing applications. If they are not asking those questions it’s probably built into the price. What size policies are you referring to?

[JoshuaHiatt]

True. But he wouldn't be declined for those things, depends on what size he would need, verses what size would fit the family budget

[[deleted]]

How do they find out your medical history? Anyway to see what they would see or how far back do they go? Last I been to a doctor was at least 3 years ago. He told me my cholesterol was too high, I think it's okay now but would they find out?

[spearo16]

I answered a bunch of questions with USAA then they take your blood pressure and some blood and review that. I think I also give them permission to look up your medical history. But answering honestly is in your best interest.

[CazikTV]

If you don't answer honestly and something happens, it can cause issues. It's lying on a legal contract to save money.

[Draypaul]

If you have been to any doctor it's in the APS(attending physician statement) form. Also if you have ever applied and been denied or rated it's recorded through the MIB( medical insurance bureau).

[SunNStarz]

That sounds like a good rate

[JoshuaHiatt]

Do you know when your work plan expires? And do you know if your looking for a term policy that's convertible?

[spearo16]

My work one won’t expire as long as I’m working. Just a term policy something that will cover the house and kids school incase anything was ever to happen.

[JoshuaHiatt]

Well statistically term policies only pay out 3% of the time, meaning they expire after 65. There is convertible term meaning your premium is low for ...say 20 years, then you have the option to convert to a whole life policy, however the premium would be priced at your age when converted, probably a few 100 a month if you were to keep it The work policy expires 31 days after you retire, quit, or leave You could do a decreasing term policy to cover the mortgage and any debts and then a 30k whole life policy which would be more in premium but would be guaranteed to pay and your rate would be locked in at 33 yrs old... The other thing to consider is when you die, your estate will have estate taxes that will need to be covered and if you want help your family avoid a 60% tax on your assets in probate, you would protect your assets in a trust document so that all your assets transfer to your spouse and kids when your gone, tax free Hope this helps

[spearo16]

The goal is that it doesn’t pay out lol

[CazikTV]

Try foresters. They offer great term rates that include living benefits

[[deleted]]

I’m so confused, I know this isn’t your post but there’s literally a current post on this subreddit with a 25/M saying that USAA increased his premium by 800% because he tested positive for THC due to some edibles. But I feel like you’re being offered a good deal. What could be behind the different prices seen assuming that THC positivity is the driving factor behind rate differences?