by Ed Hinerman | Mar 9, 2015 | assumptions, beneficiary, cash value, death benefit, guarantee, illustration, insurance, life insurance, life insurance lapse, lifetime guaranteed UL, no lapse guarantee
How appropriate that when I looked up the definition of guarantee I not only got what I expected, but it was a bit like opening a life insurance fortune cookie, “provide a formal assurance or promise, especially that certain conditions shall be fulfilled...
by Ed Hinerman | Feb 17, 2015 | customer service, death benefit, honesty, insurance, insurance quotes, life insurance, term insurance, whole life
It’s been interesting over the years to see the amount of money that is thrown away because a life insurance client, not knowing any better, simply buys from the wrong company. When you couple that with the agents, especially in impaired risk life insurance, who...
by Ed Hinerman | Feb 12, 2015 | application process, approval, business life insurance, cancer, contestability, customer service, death benefit, estate tax attorney, estate taxes, grace period, insurance, life insurance, life insurance lapse, life insurance second addressee, loyal customers, no lapse guarantee
I just got off the phone with a guy who missed the end of the grace period on his $1 million life insurance policy by 3 days. He called and asked for forgiveness and was told that he could fill out a reinstatement application and, if approved, the policy would be...
by Ed Hinerman | Dec 26, 2014 | beneficiary, business life insurance, death benefit, insurance
We’re crashing in on another new year and you, yes you, still haven’t gotten around to buying life insurance to protect your family. It’s this same old wrestling match that most guys would rather stay engaged in and risk getting pinned than break...
by Ed Hinerman | Oct 29, 2014 | business life insurance, buy/sell life insurance, cash value, CEO life insurance, death benefit, insurable interest, key man insurance, life insurance, term insurance
There are definitely two schools of thinking on the subject of how to handle executive life insurance, especially key person policies. Just to put this in perspective, I’m kind of an old guy and I would call the idea of using cash value policies to fund key...
by Ed Hinerman | Jul 1, 2014 | assumptions, beneficiary, compliance, contingent beneficiary, death benefit, insurable interest, insurance, life insurance, life insurance claim
“Dad said he had life insurance but we can’t find a policy and don’t know what company it was with”! “My husband told me not to worry because he had a life insurance policy that would take care of everything, but now that he’s gone...
by Ed Hinerman | Jan 29, 2014 | application process, approval, business life insurance, death benefit, estate taxes, executives, high net worth, insurable interest, insurance, life insurance
You can figure I would take off on a subject like this because of some recent interaction with a life insurance underwriter who obviously has a desk somewhere out in left field, but the truth is there is never any shortage of questions that are completely irrelevant...
by Ed Hinerman | Aug 20, 2013 | conversion, Conversion to a permanent product, customer service, death benefit, guarantee, guaranteed level premium, insurance, life insurance, Protective Life
OK. So I’m starting from a place of disliking Protective Life with a passion. In my career I have never seen a company that has consistently and persistently screwed their customers more than Protective Life along with all of the other companies it has managed...
by Ed Hinerman | Jul 27, 2013 | AARP, accidental death, death benefit, insurance, life insurance, life insurance claim
I’ve been careful about life insurance claim abuse cases I’ll help with only because, in most cases, the state insurance commissions are very good at putting things back on track and getting valid claims paid. But occasionally it will be something that...
by Ed Hinerman | Jun 6, 2013 | approval, death benefit, decline, guaranteed issue life insurance, insurance, life insurance, life insurance approval
Unlike Obamacare’s fines, er, taxes, er penalties, there is no penalty for not having life insurance while you’re alive and if you believe that once the lights go out you’re done, there’s no reason to worry about after your death. The risk...
by Ed Hinerman | May 28, 2013 | AIG, approval, assumptions, cash value, death benefit, guarantee, guaranteed level premium, illustration, insurance, life insurance, whole life
I’ve been working through a tricky underwriting case with a client. He was initially declined by a few companies and then approved by American General at their highest rating. Not best rate, but highest, as in table 8. It was at this point that he called me. In...
by Ed Hinerman | May 4, 2013 | assumptions, cash value, death benefit, guarantee, guaranteed level premium, illustration, indexed universal life, insurance, life insurance, long term guarantee, no lapse guarantee, universal life
Two and a half years ago, when indexed universal life insurance seemed to be taking over the insurance landscape, I spent considerable time studying the products and then posted my thoughts in this forum. In particular I took great exception to the fact that agents...
by Ed Hinerman | Feb 26, 2013 | AARP, accidental death, death benefit, group life insurance, insurance, life insurance, life insurance claim, life insurance claim process, New York Life
Here we go again. I called New York Life this morning to see if I could be assigned a permanent contact to call when beneficiaries are getting the run around on death claims. I ended up talking to the executive assistant for NYL Executive Vice President Michael...
by Ed Hinerman | Feb 25, 2013 | death benefit, guarantee, insurance, life insurance, life insurance approval, over 50 life insurance
Now that the Dow is back up where people are feeling optimistic, or at least relieved to have regained some worth in their retirement accounts, it’s time to take a little preventive medicine to avoid that upset stomach the next time the bottom falls out. While I...
by Ed Hinerman | Dec 26, 2012 | accidental death, civilian contractors, Civilian War Zone Coverage, contestability period, dangerous occupation life insurance, death benefit, group life insurance, insurance, life insurance, Lloyds of London
I took a call this morning that popped up a question for civilian contractors and workers in war zones that I had honestly not considered. The call was from a widow whose husband worked for a US company in Afghanistan and died while working there about six months ago...
My 20 years of experience give me the knowledge and leverage to find reasonably-priced life insurance for people who have been declined or are paying more than they need to. Request a Free Consultation Today!
Recent Comments