By Ed Hinerman on November 26, 2012
Let me start out by saying that traditional life insurance underwriting doesn’t reward treatment of health issues. That is as in DOES NOT reward. There are still life insurance companies out there that will whack a client like a golf ball for taking medication to control high blood pressure. It may only be one rate ...read more
Posted in Anxiety, bipolar disorder, Depression, gastric bypass, insurance, life insurance, life insurance approval, mortality, mortality risk, obesity | Tagged Anxiety, bipolar disorder, blood pressure, common sense to reward, controlled bipolar disorder looks normal, cure type 2 diabetes, Depression, gastric bypass, gastric bypass life insurance, high blood pressure, insurance, insurance doesn't reward treatment, life insurance, minor mood disorders, mortality risk, obesity, obesity health baggage, reward those who take health seriously
By Ed Hinerman on November 19, 2012
This is one of these subjects that goes in several directions. Your doctor’s opinion can help you get the best possible life insurance rate. It can also bring your life insurance application to a screeching halt and if it ever comes down to who is right, the underwriter or your doctor, the answer can confound ...read more
Posted in compliance, insurance, insurance quotes, life insurance, life insurance approval, mortality, mortality risk | Tagged discussion about mortality, doctor's opinion, doctor's opinion can help, doctors make you feel better, doctors treat you, doesn't make sense, insurance, life insurance, life insurance underwriter, lung cancer, mortality, nothing to worry about, paying twice as much for life insurance, poor compliance, poor control, second opinion, smoking, underwriter thinks I'm dying, write cover letters, you aren't paying attention to doctor
By Ed Hinerman on July 12, 2012
There are several ways to deal with an out of control weight problem from a health standpoint, but from a life insurance point of view it’s pretty clear cut. If you are morbidly obese the best case is that you will have to pay more than the average person for your life insurance and in ...read more
Posted in Biggest Loser, Fat March, insurance, life insurance, life insurance approval, mortality, mortality risk, obesity | Tagged affordable life insurance, Biggest Loser, BMI, control weight problem, diet and exercise, drastic measures, Fat March, gastric bypass, improved health and energy, insurable weight, insurance, life insurance, life insurance you need, morbid obesity, obesity, obesity challenge, obesity life insurance, overweight, preferred rates, uninsurable, Weight Watchers
By Ed Hinerman on July 11, 2012
A few years back I read an article in a trade publication and, well, I was much younger then and easily riled. I am still getting comments on the post I wrote about that article. In the life insurance business there is an organization called the Million Dollar Round Table, MDRT. MDRT is a kind ...read more
Posted in cash value, conversion, financial adviser, insurance, life insurance, mortality, term insurance, universal life, whole life | Tagged guarantee death benefit to 121, guaranteed level death benefit, guaranteed level premium, insurance, life insurance, permanent life insurance, poor performance of underlying investments, term insurance, term life insurance, term to age 100, universal life, universal life with a no lapse guarantee, whole life insurance |
By Ed Hinerman on March 30, 2012
Being primarily an impaired risk life insurance agent I get to talk to a lot of people about diseases and problems they didn’t have even just a few years prior. Especially guys have this bombproof thing going on where they truly believe as long as they work hard and have regular bowel movements there’s no ...read more
Posted in cancer, children's life insurance, impaired risk life insurance, insurance, life insurance, mortality, Type 1 diabetes | Tagged bowel movement life insurance, brush with mortality, buy it for them, cancer, cause financial hardship, child, children's life insurance, diseases, family protection life insurance, grandchild, grandparents, impaired risk life insurance, insurance, life insurance, parents, serius medical condition, Type 1 diabetes, when should you buy life insurance |
By Ed Hinerman on August 9, 2011
The 70% savings lure in life insurance advertising is probably been so used that it is a brand by itself. Never mind the companies the promote it, who wouldn’t want to save 70% over what they are currently paying for a comparable life insurance product. So, the good news is that it’s real. Let’s look ...read more
Posted in insurance, life insurance, mortality, mortality risk, term insurance, whole life | Tagged 70% savings, guaranteed level term, high blood pressure, Independent agent, insurance, life insurance, perfect health, right agent, right company, sleep apnea life insurance, whole life
By Ed Hinerman on January 22, 2011
Young, healthy, immortal. Sure, you’ve talked about life insurance and you know it really doesn’t cost much at all, but you’re a guy. Men, especially young men, absolutely hate talking about real life. And in real life stuff happens. I know when you’re young there is way more good stuff than bad stuff happening, and ...read more
Posted in insurance, life insurance, mortality | Tagged cancer, died prematurely, heart attack, immortal, insurance, invincible, life insurance, mortality, premature death
By Ed Hinerman on August 19, 2010
I won’t pretend that being declined for insurance doesn’t carry a sting. A common thought that comes with the decline is, “Do they think I’m about to die, or what”? Some perspective might help and maybe a little insight into how life insurance companies decide what will drive approvals and declines. It’s important to know ...read more
Posted in decline, insurance, life insurance, mortality | Tagged A1c, approval, bipolar disorder, breast cancer, cancer, cholesterol, decline, Depression, HDL, heart disease, independent agents, insurance, life insurance, mortality, risk tolerance, Type 1 diabetes, Type 2 diabetes |
By Ed Hinerman on June 7, 2010
A lot of people understand why and know that a standard rate approval is coming on life insurance and are happy to get it. On the other side of the coin are those that receive a standard rate approval and are taken aback by it, taking offense to not receiving a better offer. Let’s see ...read more
Posted in insurance, life insurance, mortality, mortality risk | Tagged approval, average, cholesterol, family history, HDL, health, insurance, life insurance, mortality, mortality risk, motor vehicle violations, obesity, standard rate
By Ed Hinerman on March 5, 2010
If there is a common thread through the whole life insurance application/underwriting experience, it’s that those applying tend to underplay their mortality while feeling like underwriters really overplay the whole mortality thing. Life insurance pricing and mortality risk evaluation is far from a perfect science. If it was “perfect” and absolutely fair to everyone, there ...read more
Posted in insurance, life insurance, mortality, mortality risk | Tagged blood pressure, cholesterol, family history, height and weight, insurance, life insurance, mortality, mortality risk, non smoker, preferred, preferred plus, rate classes, smoker, whole life insurance
