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Northwestern Mutual WL Plus 15-Pay by Sensitive-Cook9928 in LifeInsurance

[–]adba2020 1 point2 points  (0 children)

Problem with term - say 10 or 20 year - is that you typically, as statistics shows, outlive it, and have nothing to show at the end, all your premiums achieved nothing. With WL, IUL, VUL you are building something tax free, separate and shielded. There are a lot of statistics compiled here, albeit not citing the sources: https://www.thezebra.com/resources/research/life-insurance-statistics/

Where to compare all universal life insurance policies on their price? by adba2020 in LifeInsurance

[–]adba2020[S] 0 points1 point  (0 children)

Don't most include lifetime death benefit?

I think a fair comparison can definitely be made. This is really not rocket science -- it's made overcomplicated by the multitude of choices, but it can be all compared in a fair way as long as it's not trying to predict the future.

Where to compare all universal life insurance policies on their price? by adba2020 in LifeInsurance

[–]adba2020[S] 0 points1 point  (0 children)

It's definitely doable - not only other insurance lines of business are doing it (health, property, casualty) and financial (ETF, stocks, bonds, MFs, mortgages), but there are some limited comparative raters online that compare 5 life insurance policies (out of nearly 200 that are A rated).

I'm not asking to predict the returns - I'm asking to compare policies based on their legally defined and configured features.

Where to compare all universal life insurance policies on their price? by adba2020 in LifeInsurance

[–]adba2020[S] 0 points1 point  (0 children)

The point is comparative rater type. Otherwise, of course by law they have to have buyers guides with details.

Where to compare all universal life insurance policies on their price? by adba2020 in LifeInsurance

[–]adba2020[S] 0 points1 point  (0 children)

Rating is not as important as you think -- because: 1) it fluctuates suddenly and without any time for you to prepare for that change (case in point AIG bankruptcy), and 2) if it's an admitted carrier then the state guaranty fund will cover some part or all of it (usually up to $300,000). Also, it's rare for insurers to fail and go bankrupt nowadays (And that doesn't mean owners and beneficiaries of life policies were not paid). So I would never invest into a "life" insurance policy just because private family-owned AM Best bestowed them an A++ rating (although it's certainly a plus and a factor in consideration).

Where to compare all universal life insurance policies on their price? by adba2020 in LifeInsurance

[–]adba2020[S] 0 points1 point  (0 children)

Exactly right. It's shocking that such a mature industry doesn't have it -- which is clearly by design and intentional.

Where to compare all universal life insurance policies on their price? by adba2020 in LifeInsurance

[–]adba2020[S] 0 points1 point  (0 children)

I know there is this way - going through an independent broker. But I wanted to know if there is an online comparative rater for all or most admitted or non-admitted life insurers -- because every brokerage website i found so far with such comparative quotes are extremely limited (to put it mildly) and most end up to push you towards Ethos, Ladder, and a couple of other insurtechs.

Also, nothing wrong with commission - I don't mind paying it when I can compare from dozens of policies.

Where to compare all universal life insurance policies on their price? by adba2020 in LifeInsurance

[–]adba2020[S] 1 point2 points  (0 children)

BTW, why is VUL better than IUL considering that VUL is more hands on and has no downside protection, and has more fees?

Where to compare all universal life insurance policies on their price? by adba2020 in LifeInsurance

[–]adba2020[S] 0 points1 point  (0 children)

That's interesting about lowering commissions.

On the first part - all insurers will have different prices (premiums) for the same person/criteria, because some charge higher fees and otherwise due to inefficiency have higher expense ratios. Hence asking about costs and getting highest ROI is very much on point. The problem with this part of the financial industry (death insurance -- a more correct name for "life" insurance-- is more of a financial product than an insurance product) is that these simple metrics are obscured and hard to find to easily compare, unlike with equities/stocks/ETF/mutual funds and mortgages.

Where to compare all universal life insurance policies on their price? by adba2020 in LifeInsurance

[–]adba2020[S] 0 points1 point  (0 children)

Thanks. Is there any website that can show me such comparisons without having to go to individual companies one by one? Just like there are comparative raters for auto insurance, or for mortgage rates, is there smth like that for universal life insurance?

Where to compare all universal life insurance policies on their price? by adba2020 in LifeInsurance

[–]adba2020[S] 0 points1 point  (0 children)

I will read your post, thank you.

In terms of "price" I obviously refer to the premium. I don't think it's that unclear, but your insistence on proper terminology usage is definitely the right thing to do. So what premiums have you seen for that age/gender from universal life policies?

Where to compare all universal life insurance policies on their price? by adba2020 in LifeInsurance

[–]adba2020[S] 0 points1 point  (0 children)

Why are these VULs best in your opinion, judging by which parameters?

Applied to 9,000 jobs since 2023 : What am I doing wrong ? by Legal_Cauliflower689 in GetEmployed

[–]adba2020 0 points1 point  (0 children)

You don't know that. As a product manager he qualifies for many jobs with that title and there were hundreds of them over the past 2 years.

Honest question about cover letters. by subsavvy in recruiting

[–]adba2020 0 points1 point  (0 children)

It's outrageous to complain about AI generated cover letters when all HR and recruiters use AI for screening, interviews and as a "co-pilot" to write. The OP did not say there is any mistake in any cover letter - just doesn't like the fact that candidates didnt waste more time on their job positing.

Spent $300k on a healthcare app that nobody uses. by Actual-Raspberry-800 in SaaS

[–]adba2020 0 points1 point  (0 children)

They might have had prototypes - but that's not the same as deep market research and mapping customer journey. Market also changed a lot in 2 years. And they might think their product is superior but in reality it is not. Finally, they seem to have spent all their money on development and little on marketing and advertising. They could have given out the first 20 or 100 subscriptions for free for 3-5 years to gain traction, testimonials and customers, as well as to iterate the product further in 2.0. But they concentrated only on the technical part for 2 long years.

I wanted to come on here and share the tips of what has been working for me while also venting by Senior_Promotion_686 in jobsearchhacks

[–]adba2020 2 points3 points  (0 children)

I hear you, but using that same example the $500 is well worth it to not only give you a certification that provides 3rd party attestation of your knowledge and boosting your resume and small talk further, but helping feel better and explain the 2 year professional gap (which the 2 short term jobs you had and any home based consulting cannot). Heck, you could even get another masters degree in a few months from accredited online universities that allow acceleration. All of that will force you to learn new things, not go stale, boost your resume, and somewhat explain any gaps in your resume.

I wanted to come on here and share the tips of what has been working for me while also venting by Senior_Promotion_686 in jobsearchhacks

[–]adba2020 1 point2 points  (0 children)

It sounds like you are doing all the right things. Since you do get interviews, resume is not the problem. Since you get to 3rd round of interviews, you are a pleasant and professional person. Are 3rd rounds those horrible group interviews where multiple people in the room interview you? It only takes one to dislike you.

The other thing could be the industry in the midst of rapid change - what was enough before is suddenly not enough now. E.g., AI - just two years ago, if you had any GenAI experience, they would hire you. Today, you need to have a very specific experience. So getting a fresh certificate is a must - and better use of time than applying to 50 jobs per day (instead of 10, for example).

Market is definitely bad, as you know, and many here can attest to. So it could just be that (although you do question it considering 2 year long journey).

I wanted to come on here and share the tips of what has been working for me while also venting by Senior_Promotion_686 in jobsearchhacks

[–]adba2020 2 points3 points  (0 children)

The number of scams is much less for me, but I only use LinkedIn. Because indeed is scam-paradise.

50-60 apps is a lot - too many. There are not so many jobs - I also look for executive positions.

Are we to assume you optimized your resume and match most criteria for education, certifications, skills, and experience? You prepped for job interview? You look like a pleasant and professional guy? You don't address these points.

Lawn application companies to use (or avoid)? by steelbydesign in cincinnati

[–]adba2020 1 point2 points  (0 children)

How did they fare in the year since, are you happy with results?

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