Browse: Home / accelerated death benefit
By Ed Hinerman on December 7, 2012
There are some downsides to being raised in a place and by parents that molded me into a trusting person. Several months ago I was approached by two guys who wanted me to partner with them and process all of the business from their Afghanistan website for civilian contractors doing work there. Since this was ...read more
Posted in accelerated death benefit, civilian contractors, Civilian War Zone Coverage, dangerous occupation life insurance, High Limit AD and D, insurance, life insurance | Tagged AD&D policies in Afghanistan, ADD, civlian contractors in Afghanistan, contractors in Afghanistan, contractors in Iraq, contractors in war zones, insurance, life insurance, quote requests, war zone
By Ed Hinerman on February 25, 2012
If good customer service cost less than bad customer service, which would you choose. Trick question, right? Let me qualify that question a little. If you knew ahead of time that you were making a major purchase that offered little or no customer service after the fact, and you could get the same product for ...read more
Posted in accelerated death benefit, conversion, customer service, guarantee, honesty, Independent agent, insurance, life insurance | Tagged accelerated benefit rider, annual review, close the sale, conversion option, good customer service, indexed universal life, insurance, keeping you informed, life insurance, life insurance customer service, life insurance earned bad repuration, no customer service, one bad product to another, open and honest, opportunity to sell, push to close the sale, total honesty, universal life, variable universal life, what's guaranteed, what's not guaranteed |
By Ed Hinerman on January 5, 2012
A lot has changed over the past 30 some years in life insurance. Products have been invented and disposed of. Bells and whistles have been implemented and some of them have been disposed of. With a few notable exceptions though, the basic term life insurance policy hasn’t changed much. When’s the last time you had ...read more
Posted in accelerated death benefit, conversion, insurance, lapse, life insurance, reinstatement | Tagged accelerated benefit, agents don't stay in touch, basic term life insurance policy, change payment modes, conversion option, conversion option changed, dangerous hobby, filing a claim, grace period, important clauses, insurance, life insurance, life insurance agent, non smoker, options in term insurance, policy as a smoker, policy lapse, premium guaranteed to remain level, quit smoking lower premiums, reinstatement, review on an annual basis, terminally ill
By Ed Hinerman on July 6, 2011
A few days ago I was on a bit of a rip over the subjects of conversion privileges and how far too many companies are changing products offered to non guaranteed UL’s, rather than permanent products. The answer lies somewhere in a slight of hand the companies are using to call a life insurance permanent ...read more
Posted in accelerated death benefit, conversion, insurance, life insurance | Tagged adverse selection, conversion, guaranteed, insurance, life insurance, NAIC, National Association of Insurance Commissioners, no lapse UL |
By Ed Hinerman on June 21, 2011
A few days ago I wrote a post about a blog comment concerning a person who was looking into the accelerated death benefit on their Met Life group policy. Her husband is terminally ill and they remembered that they could take a portion of the death benefit up front. Her concern was that when they ...read more
Posted in accelerated death benefit, death benefit, insurance, life insurance | Tagged 5% charge, accelerated death benefit, current yield, insurance, interest rate charged, life insurance, Met Life, processing fee |
By Ed Hinerman on June 17, 2011
I have written several posts about the life insurance accelerated death benefit. As a refresher the practice of offering a partial accelerated benefit to terminally ill clients came about as a way to put some real dirt bags out of business. The bags would prey on terminally ill folks, knowing that many of them because ...read more
Posted in accelerated death benefit, death benefit, insurance, life insurance | Tagged 12% deduction, accelerated death benefit, adminstrative fee, Banner Life, insurance, life insurance, life insurance accelerated death benefit, Met Life, United of Omaha |
By Ed Hinerman on January 13, 2011
The accelerated death benefit is one of those gold nuggets in life insurance policies that doesn’t cost a thing and can bring peace, sanity and hope in the life of someone terminally ill. There’s probably none of us who haven’t known someone whose family has gone through a terminal illness of a family member. Most ...read more
Posted in accelerated death benefit, life insurance | Tagged accelerated death benefit, death benefit, hospice, insurance, life insurance, sabbatical, terminal illness |
By Ed Hinerman on November 18, 2009
Term life insurance is a product that is sprinkled with gold nuggets that make it so much more than it appears on the surface. The great news is that the nuggets are part of the policy and are not added on at an extra cost. One of those nuggets that I often take for granted ...read more
Posted in accelerated death benefit, conversion, insurance, life insurance | Tagged accelerated death benefit, conversion, income tax free, insurance, life insurance, permanent insurance, term insurance
By Ed Hinerman on May 6, 2009
Last week I talked about a case with Met Life where a person was able to use the met-life-external-conversion program in order to convert to a policy that had an accelerated benefit rider. Their company didn’t have the benefit and the person was terminally ill so it was a home run for his family. With ...read more
Posted in accelerated death benefit, conversion, insurance, life insurance, Met Life, Protective Life, term insurance, universal life, whole life | Tagged accelerated death benefit, conversion, insurance, life insurance, Met Life, Protective Life, term insurance, universal life, whole life
By Ed Hinerman on May 1, 2009
I heard a story about a Met Life case today that just inspired me. Life insurance companies quite often do things they don’t necessarily have to, like paying a claim when the validity could probably be argued. I’ve talked in previous posts about universal life policies that are guaranteed to age 121. There is even ...read more
Posted in accelerated death benefit, conversion, death benefit, insurance, life insurance, Met Life, universal life | Tagged accelerated death benefit, conversion, death benefit, insurance, life insurance, Met Life, universal life |
