Hey guys,
So I'm having issues trying to negotiate lower rates for life insurance due to a condition that popped up from lab results that my doctor never made me aware of (at least as an "urgent" issue) - right now, I'm being given a hard time from at least one provider and they don't plan on dropping the rates. So my agent is shopping around and thinks to have found at least one or two others who may be willing to offer me preferred rates but on a lesser amount, which is fine. That said, I am waiting on a doctor's note clarifying something he wrote, which led the underwriter to believe it was an actual diagnosis (when it wasn't). The doctor is taking forever and in the meantime I've applied for group life through work, which requires a statement of health...argh.
As a last resort and stop-gap, I'm curious if I should just go ahead and purchase Accidental Death and Dismemberment through my work. My plan was to buy term life insurance this year, but I didn't anticipate the issue that popped up and that has now put a screeching halt to things. I guess I've been 'conditioned' to feel secure by getting life insurance, ad&d, and long-term disability coverage all these years that this past year I felt pretty vulnerable especially with a new kid in our life. And now with another on the way, the pressure is even greater.
So all that said, should I just get the Accidental Death/Dismemberment as a stop-gap (coverage would kick in starting January) but at least I'll have it in case there are any other 'complications' with the whole life insurance process, where it may take even longer to get a plan at the target rate or whatever...?