Go to Jeff Salisbury LWGate Home Page.From: "Cal Lester" <cal_lester@email.msn.com>
Subject: Wills, Life Insurance
Date: Sun, 16 Aug 1998 11:29:29 -0400
Next Article (by Author): Re: Montgomery Ward Legal Services Plan David Peterson
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- -----Original Message-----
From: persfin-digest <owner-persfin-digest@lists.xmission.com>
To: persfin-digest@lists.xmission.com <persfin-digest@lists.xmission.com>
Date: Saturday, August 15, 1998 8:14 PM
Subject: persfin-digest V5 #43
>persfin-digest Saturday, August 15 1998 Volume 05 : Number
043
>
>
>Date: Sat, 8 Aug 1998 15:07:27 EDT
>From: <MsProf2U@aol.com>
>Subject: Re: Wills
>
>Speaking of wills, my husband and I recently had ours updated by a lawyer.
A
>few thoughts:
>
>You have got to be kidding if you think using a piece of software is a
better
>deal than paying the measly $200 or so a lawyer will charge. Besides
ensuring
>that we got it done right, our lawyer gave us information we were unaware
of,
>such as how our life insurance policies would impact our estate and how we
>should change the "ownership" of the policies from how they were currently
>titled.
>
>>>> My compliments to the expertise of your legal counsel. My experience
of over 35 years in the Life Insurance Industry, has been that MOST
attorneys are ignorant of the use and traps of Life Insurance. I am pleased
that he did discuss this with you. You now have an opportunity to make the
proper designations, so that "Uncle Sugar" does not get his meat hooks into
your Estate. You seem to be on the right road.
Cal Lester CLU
Insurance Course Coordinator
Broward Community College
>Date: Tue, 11 Aug 1998 10:34:14 -0700
>From: sprasad@cauvery.Eng.Sun.COM (Shankar Prasad)
>Subject: Term Life Insurance - Company ratings
>
>Hi
>
>I am looking to buy term life insurance (level for 20 years).
>I called my auto insurance agent (All State), and he was able
>to provide a quote from Lincoln Benefit (he said that it was
>a subsidiary of AllState). The quote was not the very best,
>like I got from QuoteSmith or MasterQuote (mail-in cards).
>But the difference is not very large, and taking the local
>presence of the agent into account, I would rather go with
>the Allstate agent. However, I would like to know details about
>the ratings (financial, customer service etc) of the Lincoln
>Benefit company. Is there some place I can check AM Best or
>other insurance ratings ?
>
>>>> LBL is a subsidiary of Allstate Insurance. It has a A+ rating
from Bests. You can examine the ratings of ALL companies by going
to your local library, and checking thier copy of Best's.
Since you do seem to be a "shopper", then you might want to
take a look at an "On-Line" company that is offering a LEGITIMATE
15% rebate of the Annual Premium for Low Cost Term Insurance.
Check out http://www.noagent.com
Please note that neither I nor Broward Community College
in any way reccomd that particular company, nor any of the products
that they offer.
Cal Lester CLU
Insurance Course Coordinator
Broward Community College
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