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By Ed Hinerman on December 1, 2012
I get calls every once in a while from people whose spouse or parent is literally terminally ill and many times imminently terminal. I think they know the answer already but I understand that they see what’s coming and they know it’s going to be a financial hit and, after all, isn’t life insurance all ...read more
Posted in estate taxes, final expense life insurance, insurance, life insurance, no lapse guarantee, over 50 life insurance, rate increase, universal life | Tagged Actuarial Guideline 38, AG38, companies freaking out, deadline 1/1/13, estate tax protection policy, final expense policy, guaranteed death benefit to 121, guaranteed level premium to 100, insurance, life insurance, National Association of Insurance Commissioners, no lapse guarantee universal life, over 50 life insurance, permanent life insurance, rate increase, rate increase 10% to 20%, too late to buy life insurance, waiting too long
By Ed Hinerman on November 22, 2012
For months, no years now I have been writing about and telling clients about the best permanent product on the life insurance market and how, if they drug their feet long enough considering the purchase, a day would come when they would look back and say, “Dang! Wish I would have done that before the ...read more
Posted in application process, estate taxes, executives, financial adviser, guarantee, guaranteed level premium, high net worth, insurance, life insurance, no lapse guarantee, universal life | Tagged 20% higher prices, 9% higher prices, AG38, companies scared of their own pricing, estate preservation policy, final expense policy, higher reserves, insurance, life insurance, NAIC, no lapse guarantee universal life, pre increase prices, price increase, replacing AARP, universal life, Wall Street Journal
By Ed Hinerman on April 23, 2012
I thought it would be good to revisit some of the original posts on this forum. It’s been over 5 years and somewhere near a million words now and I wanted to see if I’m like a politician and flip flop on issues, or as I found in a few cases, the issues flip flopped ...read more
Posted in conversion, death benefit, estate taxes, insurance, life insurance, term insurance | Tagged affordable death benefit, changed the conversion option, conversion, conversion made you insurable again, conversion option, death benefit, insurance, life insurance, life time guarantee UL, no conversion option, permanent universal life insurance, term life affordable, term life appropriate, term life insurance, term life practical, term/ul |
By Ed Hinerman on March 8, 2012
What do estate tax attorneys and financial planners have in common? Short,fat and bald? Maybe but not the answer I’m alluding to. They’re both working to keep the money you make in your family! Another good answer but still not quite where I was headed. It’s something that neither of them get, as in understand. ...read more
Posted in estate tax attorney, estate taxes, financial adviser, insurance, life insurance, term insurance | Tagged advice is stupid, buy term while you wait, die without proper planning, die without the proper trust, estate tax, estate tax attorney, estate tax attorneys are stupid, estate tax insurance, financial adviser, financial planners are stupid, inusurance, life insurance, lose estate to estate tax, they recommend don't buy what you need |
By Ed Hinerman on October 11, 2011
I know we’re American and believe that we not only ought to have our cake and eat it too, but it’s time the breadwinners of the country get a grip and allow that things don’t always go our way. I’ve talked before about what constitutes a need for life insurance, essentially being any time your ...read more
Posted in estate taxes, insurance, life insurance | Tagged estate attorney, estate tax, exemption limit, financial hardship, gifting, insurance, IRS 3 year look back, life isurance, need for life insurance, permanent life insurance policy, trust ownership
By Ed Hinerman on September 28, 2011
All of the clients I have had who passed away and their families received death benefits really made good deals. They paid far less in premium than the pursuant death benefit. Just some examples would be a Colorado client who paid one annual premium of $800 and his family received $100,000 when he died of ...read more
Posted in estate taxes, insurance, life insurance, term insurance, universal life | Tagged Colorado, death benefit, guaranteed issue life insurance, income tax free, insurance, life insurance, life insurance contract, New York Life, overpaying for benefit, premiums paid more than death benefit, term life insurance, trust owned policy, universal life |
By Ed Hinerman on September 15, 2011
I have a client that is 76, the kind of guy that I envy at 18 years his junior. He skis the Rockies every year and is still an instrument rated private pilot, and an active business owner. The last two business life insurance policies we got him at ages 70 and 71, we were ...read more
Posted in accidental death, estate taxes, High Limit AD and D, insurance, life insurance, private pilots | Tagged aviation exclusion, business life insurance, estate tax life insurance. accidental death, extortion, insurance, kidnap, life insurance, Lloyds of London, pilot life insurance, private pilot life insurance, ransom, travel insurance
By Ed Hinerman on February 3, 2011
No, really!! That was the front page headline on and industry publication I get called Insurancenewsnet Magazine. Without even opening up the magazine I know where the rant is headed. Never in the history of estate planning has there been more opportunity to be as creative and accomplish as much. Articles are popping up left ...read more
Posted in estate taxes, insurance, life insurance | Tagged estate growth, estate planning, estate retention, estate tax, estate tax exemption, fully guaranteed, generation skipping tax, gift tax exemption, increasing rates, insurance, life isurance, no lapse guarantee UL, permanent life insurance, two year window, Wall Street Journal
By Ed Hinerman on February 1, 2011
I wrote an estate life insurance case 6 or so years ago that if you put a pencil to the numbers you would swear that the company had made a huge mistake. There was simply no feasible way for them to make a profit. The case was with Protective Life who, for a while, was ...read more
Posted in estate taxes, insurance, life insurance, Protective Life, rate increase, second to die insurance, universal life | Tagged 1035 exchange, accountants, attorneys, estate life insurance, estate liquidity, estate planners, estate tax free wealth, high net worth individuals, insurance, irrevocable life insurance trust, life insurance, lifetime gift exemption, low interest rate environment, no lapse guarantee universal life, preferred health, term insurance, universal life |
By Ed Hinerman on January 29, 2011
In a post yesterday I insinuated that we may be entering the greatest two years in history for estate wealth building, estate wealth protection and wealth transfer. That statement still stands, but…. I asked Kevin Cox with Lincoln Financial to review the post in relation to a couple of articles that I’ve been asked to ...read more
Posted in estate taxes, guarantee, insurance, life insurance, universal life | Tagged estate wealth building, estate wealth transfer, gift, heirs, high net worth, insurance, Kevin Cox, life insurance, lifetime guarantee life insurance, Lincoln Financial, liquid asset, low interest rate environment, no lapse guarantee, single premium increase, tax free return, term insurance conversion, UL's, wealth protection |
