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By Ed Hinerman on January 13, 2013
I’ve decided, for the sake of us elderly folks and all of us who are related to elderly folks and anyone who gives a damn about treating people right, to get off the fence and say what I really think about AARP and their New York Life insurance plan. For those who have followed this ...read more
Posted in AARP, beneficiary, compliance, contestability, insurance, life insurance, life insurance claim, life insurance claim process, New York Life, over 50 life insurance | Tagged AARP, AARP lying, AARP should allow audit on denied claims, AARP/NYL life insurance program, beneficiaries, bluffing, declining claims without good reason, denied claims, deny claims without due dilgence, insurance, life insurance, negligent claims practice, New York Life, New York Life lying, New York Life Maria Gaver, rip off elderly, steal from elderly
By Ed Hinerman on November 5, 2012
Over the last seven years I have only taken, I think, maybe three opportunities in this forum to spout off on a subject not necessarily related to life insurance, life insurance underwriting or impaired risk life insurance. The election is tomorrow and without knowing who will be elected I want to share some thoughts, our ...read more
Posted in approval, contestability, decline, financial adviser, insurance, life insurance | Tagged afraid to confront government, allow ACLU to corrupt out rights, allow government to do stupid stuff, anger over national debt, country of cowards, country short of a passing grade, courts gut our constitution, don't have own financies controlled, electronic national vote, government not accountable, I have failed my country, insurance, isn't about last 4 years, life insurance, life insurance election, national website, negatively impacting others, one hour a month TV ads, people unaccountable, restrict pacs to websites, right not to listen. we need to act like grownups, we can do better, world leader
By Ed Hinerman on June 22, 2012
Can you imagine how bored I would get if I couldn’t count on AARP to provide blog material on an absolutely continuous, unending basis? After all of the really awful things I’ve had to say about the AARP/New York Life insurance program over the years, my last two posts have been about their good side. ...read more
Posted in AARP, beneficiary, cancer, contestability, contestability period, death benefit, insurance, life insurance, New York Life | Tagged AARP, AARP life insurance products awful, AARP life insurance products unfair, AARP ordering medical records, AARP was wrong, AARP/New York Life, claims, claims department, claims person, contestability, death benefit, get out of paying legitimate claims, insurance, lapsed policy, life insurance, reinstatement
By Ed Hinerman on June 1, 2012
I’ve minced no words over the years about how bad the AARP/New York Life life insurance program is. It is so egregiously over priced and under guaranteed that I swear, if I got selling it to some elderly person in their home, I could be justifiably locked up. States everywhere are cracking down on the ...read more
Posted in AARP, contestability, contestability period, death benefit, insurance, life insurance, senior life insurance | Tagged AARP, AARP/New York Life, agreed to pay the claim in full, conferenced with AARP claims department, ethics of selling to elderly, insurance, left voicemail questioning contestability, life insurance, life insurance contestability, prior knowledge of cause of death, return premium, senior life insurance, two year contestability period, withheld payment of death benefits |
By Ed Hinerman on May 14, 2012
There is probably no more misunderstood part of a life insurance policy than the contestability or incontestability period. This is the two year period beginning with the date the policy goes in force during which a company can review the underwriting and pull additional records to make sure their underwriting decision was correct when you ...read more
Posted in contestability, death benefit, insurance, life insurance | Tagged 2 year contestability period, assuming client is telling the truth, change the underwriting class, companies want to pay legitimate claims, contestability period, deduct difference from death benefit, even if questionable, except for non payment of premiums, fraud, graded benefit policies, incontestability, insurance, life insurance, life insurance claim, policy will not be contestable, return of premium with interest |
By Ed Hinerman on June 27, 2011
Let’s start with the good news. If you have life insurance in force and you took up your hazardous activity after putting that life insurance policy in force, and didn’t apply for the insurance because you were anticipating taking up the dangerous hobby, well, you’re covered. A scare tactic sales technique that less than scrupulous ...read more
Posted in accidental death, contestability, death benefit, hazardous activities, insurance, life insurance, pilot, private pilots, scuba diving, skydiving | Tagged contestability, customer service, dangerous hobby, foreign travel, hazardous activity, life insurance, nsurance, perceived risk, private aviation, private pilot, rock climbing, skydiving, unscrupulous agent
