CF Financial

[Diomedes]

I seem to recall Wells Fargo being particularly racist in who they preyed upon during the lead up to the great collapse and recession, hence the comment.

Perhaps they weren't racist this time.  Congrats?

[Butchers Bill]

I remember Countrywide (now BofA) being racist. Wells may have been as well I just remember Countrywide was overtly racist in their dealings leading up to the crisis.

[Diomedes]

$175M fine.  Pocket change.

http://usatoday30.usatoday.com/money/industries/banking/story/2012-07-12/wells-fargo-fine-discrimination-settlement/56170446/1

[PhillyPhreak54]

I saw where the government is investigating

I'm sure they'll do a thorough investigation and all involved will be condemned and punished

[smeags]

heads will roll !

[hbionic]

Ok, back to life insurance.

Who has it and what type do you recommend?

Thanks.

[Susquehanna Birder]

Do you have a wife/SO and/or kids? And significant assets that need to be protected for your heirs?

[hbionic]

Yes, and yes.

[Susquehanna Birder]

Gotcha. It's a personal decision, but my feeling is that I insure to make sure that the wife can continue to live in the house and not have a significant loss in lifestyle. Many insurance salesmen will play on your sense of guilt and sell you champagne wishes and caviar dreams for your heirs. I tend to think that it should be about nothing more than replacing what might be lost should I kick the bucket.

Does your employer offer some kind of term life? That tends to be the best cost solution, especially if you can get a good group deal through work. Then if you want to supplement with some other policy, you can do that at a relatively low cost. The gaggle of "investment" policies is popular, but not terribly practical in my book. You'll get a better return by getting the cheapest term policy you can get, then investing the difference on your own.

[phillycrew]

http://www.nytimes.com/2016/02/20/your-money/life-insurance-buyers-guide-what-type-how-much-and-who-will-benefit.html?contentCollection=smarter-living&hp&action=click&pgtype=Homepage&clickSource=story-heading&module=second-column-region&region=top-news&WT.nav=top-news

Good luck Chuggie.  Don't give the wife too much of an incentive to wipe you out.  Also, check the insurance companies financial ratings with AM Best and check out their complaints with the NAIC (https://eapps.naic.org/cis/).

[hbionic]

Thanks guys.

I'm self-employed and have been skating by with no insurance, but maybe a recent passing has put 'life' into perspective and should at least have the baby momma and kid hooked up in the event the Eagles give me a massive heart attack.

[Yeti]

Self employed means male prostitute, amirite?

[Susquehanna Birder]

I'd still do some shopping for the best term rates, and like crew said, make sure it's a reliable company.

[PhillyPhreak54]

Thank god for Chase's fraud dept

Someone got a hold of my debit card and tried to run up about $5k worth of purchases this morning

corksucking thieves

[Susquehanna Birder]

Amex is pretty good about it, too. I got a notice that somebody used my card number to get an Uber somewhere in Canada. The last place I used my card was for "incidentals" at the Clarion hotel in Essington the night of the Cowboys game. I didn't realize that "incidentals" meant "let me give your number to some person in Canada."