Random unsolicited endorsement: http://getethos.com was willing to write a $1 million term life insurance policy at a reasonable rate without requiring a medical exam or more than about 12 minutes of attention (over 3 days).
-
Show this thread
-
There are many technologists of my acquaintance who do currently, or will in the future, have people or causes who would be materially harmed if their future earning power went away, and who are underinsured against this. I suggest fixing if this applies to you.
2 replies 1 retweet 35 likesShow this thread -
I meet a lot of geeks. At least one of them is no longer with us, and that became a pass-the-hat situation at a very, very trying time for their family. Term life insurance is, possibly, the crowning achievement of the financial industry. It's cheap, efficient, and lifechanging.
2 replies 5 retweets 63 likesShow this thread -
Replying to @antoniogm
I think the genius of the model is that there are large classes of insurance buyers for whom detailed medical underwriting offers vanishingly little value over "Here's our list of excluded conditions. Any of them? Tobacco? No? OK, best available rate."
1 reply 0 retweets 3 likes -
Replying to @patio11 @antoniogm
Like, over the lifetime of a 15 year policy for a 37 year old, if you had possession of a fact which raised your estimate of them dying by 10%, that would raise your expected loss on a $1 million policy by... a few hundred dollars, maybe? And 10% is pretty huge.
1 reply 0 retweets 0 likes
(I am finger-to-wind estimating rather than looking at an actuarial table.)
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.