instead of shopping around for a new company, i was wondering if i can contact the current company to see if they’ll lower the rate due to the insured person’s improved health. the person was extremely close to qualifying for the best rate, but technically fell in the second best rate, but we’re confident that the best rate will apply at this point. thanks in advance for your reply!
Posts Tagged ‘Lower’
Who should I contact to get term life insurance with lower monthly premiums?
07
Jun
Ok. Here’s my situation.
I recently submitted a request for term life and after sorting through the number of agents that called my house, I decided to go with an agent that works for one of there very strong A+ rated companies but also runs his own financial firm.
He came to my house and I answered questions and took blood tests,etc.
I received a letter from the insurance company that I had been accepted as standard+ due to information from my medical records . I guess something they found didn’t meet their underwriting requirements. By being in the standard+ class the monthly premiums are about $30-40 more a month.
I am a 32 year old in good health and weight. I am however on an anti-anxiety drug for panic attacks which I’ve had since high school.
My agent tells me he’s going to “shop the market”to see if any other companies will take me on in a better class. But he tells me he hasn’t gotten any calls.
Should I contact a company or independent broker and start all over?
how much can i expect on lower back injury from workers comp at final settlements with lawyer?
29
May
my injury is almost 2 years old now- how long before settlement with lawyer and how much cash can i expect? im shooting for lifetime medical and my lawyer going for depression too? thanks- mike
Why The Higher The Interest On Annuity, Lower Present Value?
25
Oct
I’m doing a problem where i’m calc’ing how much i should be willing to pay now (present value) for an annuity that has an interest payment (discount) of varying amounts. The high the i goes, calcs telll me the less I should give in money right now.
If its got a higher interest rate wouldn’t it be worth more in the future, so why would I pay less?
Why Do Payments Come Out Lower With Monthly Compounding When Using The Ordinary Annuity Formula?
16
Oct
It seems counter-intuitive, but when I try to solve for monthly payments on this problem, the payments are lower for the annuity that is compounded monthly.
Problem:
A debt of $25,000 is to be amortized over 7 years at an annual interest rate of 7%. Calculate the value of monthly payments (a) if interest is compounded once a year, and (b) if interest is compounded monthly.
I get $386.57 as the monthly payment for the annually compounded debt and $377.32 for the monthly payments for the debt compounded monthly.