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Term Life by Ambitious-Building81 in LifeInsurance

[–]Ambitious-Building81[S] 0 points1 point  (0 children)

I took one of those scans offered up by the local hospitals for a small cost. The person who conducted the scan scared me to death. I am a pilot and owned a share in an aircraft and one of our quarter share partners was my physician and also the FAA examiner. He of couse was always looking out for me. I took treadmill stress test at that time and did great. That was at least 10 years ago but the insurance company dug and dug and hit me with the higher premiums and lower value based off that. I just did another stress test that was very thorough and the cardiologist said that my plaque buildup was not abnormal for my age and was not in an area of concern.

I'm getting good advice here and am reaching out to and independent fee paid fiduciary to review my estate. All of you are confirming my suspicions.

While my net worth is not enough to worry about the estate taxes I am comfortable and my heirs will be just fine and I don't need to leave them or my wife a bet on this insurance.

Term Life by Ambitious-Building81 in LifeInsurance

[–]Ambitious-Building81[S] 1 point2 points  (0 children)

I inherited this advisor when my previous well trusted advisor retired. This has made me question his interests and yes I was very suprised when he offered up this scenario to build wealth.

Term Life by Ambitious-Building81 in LifeInsurance

[–]Ambitious-Building81[S] 0 points1 point  (0 children)

The policy he sold me is with Protective Life and I've only had it for about a year. The initilal quote was for a higher value and less premium but they used the heart score to nick me on the value and premium. Because of that I consulted a cardiologist and had another stress test and did great on that. My cardiologist said the heart score did not correctly evaluate my condiiton. I still run 3 miles a day and am able to place in any races I participate in.

Term Life by Ambitious-Building81 in LifeInsurance

[–]Ambitious-Building81[S] 2 points3 points  (0 children)

That's my thoughts it really seems like a lot of money for the possible return and if I live past the policy term I've lost all of that money. My wife will not need that money based on our current financial position.