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 December 18, 2012
I wish I had the time to write a blog just on AARP/New York Life and their awful over 50 life insruance products and service. Since helping a couple of beneficiaries collect claims that AARP had told them they weren’t going to pay it’s obvious a person could work full time with a staff just ...read more
Posted in AARP, customer service, insurance, life insurance, life insurance claim | Tagged 29 day refund is AARP standard practice, 4-6 week refund is AARP policy, AARP, customer service maze, customr service at AARP, cut off several times, get out of paying legitimate claims, insurance, life insurance, medicare supplement, not sure how long a couple of days will be, over 50 life insurance, refund in a couple of days, refund takes 4-6 weeks, refund unearned premium, serving the elderly is BS, slow paying refunds, worst service organization in the world
By Ed Hinerman on October 18, 2012
Everyone wants a deal. My wife never buys anything without throwing out the Dave Ramsey line, “Is that the best you can do?”, and I am amazed at how much and where she gets discounts. Too bad Dave has never asked his own life insurance agent that, but we’ll save Zander Insurance for another day. ...read more
Posted in AARP, Burial insurance, compliance, final expense life insurance, financial adviser, guarantee, guaranteed level premium, insurance, life insurance, universal life | Tagged AARP, actuarial guideline, additional reserves 1/1/13, AG38, big change coming, final expense insurance, final expense life isurance, Fire sale, insurance, life insurance, National Association of Insurance Commissioners, no impact on policies issued, no lapse guarantee UL, no lapse guarantee universal life, premium increases 1/1/2013, pull under priced products from converson, rates set by law, reduced reserves, reserves, secondary guarantee, underlying reserve approach
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 5, 2012
I just got my monthly reminder from AARP that I have not yet purchased that life insurance through the AARP Life insurance program that I inquired about 5 years ago, and I haven’t talked about senior life insurance or final expense life insurance for a while so I thought this might be a good chance ...read more
Posted in AARP, final expense life insurance, insurance, insurance quotes, life insurance, senior life insurance | Tagged AARP, AARP 5 year term, AARP life insurance, AARP life insurance program, AARP whole life, final expense life insurance, grandparents considering AARP, guaranteed level premium, horrid ripoff, insurance, life insurance, most overpriced life insurance product, most unfair life insurance product, most unscrupulous life insurance prodoct, New York Life, parents considering AARP, senior life insurance
By Ed Hinerman on January 21, 2012
I had emailed some quotes off to a client this week with Genworth Life and Annuity, a major player in no lapse guarantee UL’s and in this case the best rate class offer I had received when shopping the case. She went on line and found out that Genworth has been downgraded recently to A ...read more
Posted in AARP, insurance, life insurance, New York Life, Prudential, ratings | Tagged AARP, AARP/New York Life, ability to pay claims, AM Best, debt, downgraded ratings, Genworth Life, insurance, life insurance, New York Life, Northwestern Mutual, Prudential, rating agencies, ratings, Standard and Poors, USAA
By Ed Hinerman on November 27, 2011
For us more seasoned life insurance buyers there is an industry tendency to want to squeeze us all into the same companies and product type, senior life insurance or final expense life insurance. This would be OK 1. if over 60 life insurance needs really did change or 2. The companies that “specialize” in senior ...read more
Posted in AARP, guaranteed issue life insurance, Independent agent, insurance, life insurance, New York Life, no exam | Tagged AARP, final expense life insurance, grotesquely overpriced, guaranteed issue life insurance, insurance, life insurance, New York Life, no exam, no exam simplified issue life insurance, over 60 life insurance, over priced, poorly underwritten, scare tactics, senior life insurance, under guaranteed |
By Ed Hinerman on October 21, 2011
When you’re over 50 life insurance offers start coming from everywhere. Final Expense insurance. Burial life insurance. The truth is that the senior life insurance market is the most hammered niche in the industry. Why? They think they can push our buttons when we turn 50 and make us believe that our insurance need has ...read more
Posted in AARP, Burial insurance, final expense life insurance, insurance, life insurance, over 50 life insurance, senior life insurance | Tagged AARP, Burial insurance, cash value, Colonial Penn, final expense insurance, insurance, life insurance, no exam, no health questions, over 50 life insurance, overpriced, playing to fears, scare tactics, senior life insurance, whole life insurance
By Ed Hinerman on July 27, 2011
I know that you know that I seem to have a real case of the can’t shut ups when it comes to the AARP/New York Life, life insurance program, but AARP is so in the face of our country and especially the elderly among us, well, it’s become kind of personal. And let’s be real. ...read more
Posted in AARP, final expense life insurance, insurance, life insurance, no exam | Tagged AARP, illegal, insurance, life insurance, life time guarantee, New York Life, no exam, non guaranteed, permanent life insurance, ripoff |
