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By Ed Hinerman on December 11, 2012
I know that far too many civilian contractors in war zones ended up there, whether Iraq or Afghanistan of Libya, without time or adequate planning to put the life insurance they might need in force. I can see myself rushing to get all the t’s crossed and i’s dotted and ending up at some forward ...read more
Posted in accidental death, approval, civilian contractors, Civilian War Zone Coverage, dangerous occupation life insurance, disability, hazardous activities, High Limit AD and D, insurance, life insurance, life insurance approval | Tagged 10 times annual income, accidental death, accidental death and dismemberment, accidental permanent total disability, Afghanistan, application and payment 10 minutes, application by email, civilian contractors in war zones, in force policy in a few hours, insurance, Iraq, Libya, life insurance, life insurance immediately, pay by bank EFT, pay by credit card, war and terrorism endorsement, war zone life insurance
By Ed Hinerman on April 18, 2012
I will try my hardest to make the focus of this post life insurance, but first I need to vent. We are living in a country that used to be on a pedestal so high above the rest of the countries of the world that it was almost, well, as if we had been singled ...read more
Posted in disability, insurance, life insurance | Tagged disability, insurance, life insurance, pft, pulmonary function tests, sense of entitlement, social security disability, working under the table |
By Ed Hinerman on February 27, 2012
I’ve been working with an oral surgeon recently on his life insurance and he asked about disability income also. He makes nearly $1 million a year, obviously very good at what he does. He’s part of a large dental group with 300 or so offices nationwide so I asked him if they offered group coverage ...read more
Posted in disability, disability income, insurance, life insurance | Tagged $15k a month maximum, $250k per month maximum, Aspen Dental, Aspen Dental benefits inadequate, Aspen Dental disability group plan, Aspen Dental disability train wreck, dentists, disability income insurance, group disability benefits, high limit disability income insurance, insurance, life insurance, oral surgeons, orthodontists, Surgeons, traditional disability income capped
By Ed Hinerman on January 12, 2012
Because of the limits put on the benefit available under traditional disability income insurance, there are a lot of people who would fall well short of being able to maintain their lifestyle if disabled. The standard of the industry is 60% of your salary, usually with a maximum of $16,600 a month which is 60% ...read more
Posted in disability, disability income, insurance, life insurance | Tagged $250k monthly benefit, benefit on salary and bonuses, CEO's, disability income insurance, disability overhead expense, exeutives, fully underwritten plans, guaranteed issue, insurance, life insurance, partners, supplemental high limit disability
By Ed Hinerman on October 23, 2011
Let’s step away from life insurance for a day and address an inherent problem in disability income insurance. Disability income insurance is there to theoretically replace earned income in the event that a person is disabled by injury or illness. Companies normally cap their benefit at 65% of a person’s annual gross earned income, up ...read more
Posted in disability, disability income, executives, hazardous activities, income replacement, professional athletes | Tagged actors, annual gross earned income, artists, benefit cap, capital gains, CEO's, DI, disability income insurance, disabled, fishermen, high net worth, higher income, insurance, life insurance, Lloyds of London, loggers, offershore oil workers, own occupation, pay cut by capped income, professional athlethes, replace earned income, too much unearned income, writers
By Ed Hinerman on April 21, 2009
Here in the Rockies we have avalanches and then we have these small chunks of snow that break loose and roll down slopes forming pinwheel looking things. Some of them look kind of like a cinnamon roll. Well, that was a weird way to start to say that our efforts and results for getting affordable ...read more
Posted in bipolar, bipolar disorder, disability, insurance, life insurance | Tagged bipolar, bipolar disorder, disability, insurance, life insurance
By Ed Hinerman on March 14, 2009
I have come to the conclusion that I must not have adequately explained why life insurance underwriters can’t overcome the issue of being disabled due to bipolar disorder. It is simply a show stopper. Being on disability is to some degree a stumbling block no matter what the reason for the disability. It is seen ...read more
Posted in bipolar, bipolar disorder, disability, insurance, life insurance | Tagged alcohol, bipolar, bipolar disorder, disability, insurance, life insurance
