Life Insurance

Tim · Post by **Tim** » Thu Oct 20, 2005 7:41 am

Hi. I'm looking for life insurance for my mother-in-law who has adult onset diabetes (the kind that is controlled by diet) and has breast cancer (actually, she had the cancer removed this past summer and is currently taking chemo-therapy). I'm trying to find a company/agency that will not dismiss her as soon as they hear the words "diabetes" and "cancer." Any help would be greatly appreciated. You can respond to the following e-mail address:

dtbyrum@hotmail.com

Sincerely,

Tim Byrum

MikeMason · Post by **MikeMason** » Thu Oct 20, 2005 7:59 am

you may be able to get a small policy through a group such as AARP or her job.if not think of any other group she may be able to join that offers insurance.an individual policy with a significant face amount will either be unavailable or cost prohibitive.

Ricko · Post by **Ricko** » Thu Oct 20, 2005 1:25 pm

First - ask the questions Joe brought up and get comfortable with the answers. You do need to define the extent of the need before talking to insurance sales persons.

Second - Only consider TERM life insurance - do not buy whole life or a universal policy. No matter how nice the suit of the salesman or how good of pitch he makes for the "investment" side of whole life or universal - TERM is always a better deal for you.

Also - the way you've asked the question may open you to some bad advise by salesmen that want to pad their commissions. If you have the answer to the questions you'll be in a better position to shop. If you know you only need a $50k policy it will be harder to sell you a bad $500k policy.

You are in a tough spot - My father had adult onset diabetes (genetic) and cancer. I just about came accross a conference room table to beat the @#$%! out of the salesman that sold a terminal cancer patient a whole life policy a month before he died. It cost Dad $4000 for the policy and it paid out exactly $4000 at his death. Luckily this was a very small part of his investment portfolio and Mom wasn't dependant upon this money for her retirement.

Rick

MaryAnn · Post by **MaryAnn** » Thu Oct 20, 2005 3:57 pm

On another part of the topic, it might be of interest to do some research on the role of iodine deficiency in breast cancer. It is starting to become much better known, but unfortunately generally not in the conventional (AMA, allopathic) medical community, that the iodine RDA is much too low, and that the bromine in baked goods, the chlorine in our water, and the fluorine in our dental products, all block the action of iodine.

MA

ThomasDodd · Post by **ThomasDodd** » Fri Oct 21, 2005 12:12 pm

bloke wrote:nosy, I know...but:

What does your mother-in-law have to insure against?
...
Beyond one of the possible issues above, does your mother-in-law really need to insure herself?

Joe, have you been listening to Dave again

Tim, I'd suggest you, yor wife, and/or you mother-in-law listing to Dave Ramsey for a few weeks, and possibly call him.

You get basically what joe and Rick said though.

Kevin Hendrick · Post by **Kevin Hendrick** » Fri Oct 21, 2005 12:44 pm

bloke wrote:
MaryAnn wrote:On another part of the topic, it might be of interest to do some research on the role of iodine deficiency in breast cancer.
I'm wandering further off on a tangent, but didn't I just stumble across a news article today or yesterday about a brand new drug (not yet released, but extremely promising) that seems to almost completely prevent breast cancer?

http://www.rednova.com/news/health/2794 ... e=r_health

http://www.cnn.com/2005/HEALTH/conditio ... index.html