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By Ed Hinerman on March 6, 2012
We’ve talked a lot over the years about exclusions in life insurance policies. There’s the dark side which is mostly urban legend. The cases we’ve all heard about where, a claim is denied because a person died in a car accident after suffering a heart attack at the wheel. The company says they would have ...read more
Posted in accidental death, Active Duty Military Life Insurance, foreign travel, High Limit AD and D, insurance, life insurance, missionaries, professional car racing | Tagged aviation exclusion, charge a giant flat extra., dangerous hobbies exclusion, decline to offer coverage, exclusions, exclusions matter of state law, insurance, life insurance, life insurance exclusions, missionaries, mountain climber, professional car racing exclusion, supplemental accidental death policy
By Ed Hinerman on October 20, 2011
Wouldn’t that be nice? Kind of like the Progressive commercials where every kind of insurance is in a separate box. “Here’s your perfect private pilot life insurance. Will that be all today?” It would be that simple if somehow you could get rid of all of the life insurance agents who claim to know what ...read more
Posted in insurance, life insurance, pilot, private pilots, student pilot | Tagged affordable, aviation exclusion, commercial, experience and proficiency, healthier, IFR, instructors, inusrance, life insurance, pilots, pilots over age 70, preferred plus rates, preferred rates, private pilots, Progressive, regular physicals, student pilots, VFR
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 August 31, 2011
I have a lot of clients, especially ex military, who have their auto, homeowners and sometimes life with USAA. They are a stellar company from a ratings and financial point of view, but with life insurance underwriting they are, well, conservative would be a good way to put it. But their clients love them and ...read more
Posted in insurance, life insurance, over 50 life insurance, pilot, private pilots | Tagged aviation exclusion, Civil Air Patrol, flight instructor, full aviation coverage, impaired risk life insurance, insurance, life insurance, life insurance underwriting, obesity life insurance, over 50 life insurance, pilot, private piltot, USAA
By Ed Hinerman on June 2, 2011
I get industry updates almost daily when companies believe they have a niche that is going to the the magic bullet for a client. Sometimes I wonder if anyone really thinks it through before they yell, “Hey, look at us!” I’m a big fan of United of Omaha. With their lifestyle credits on term insurance ...read more
Posted in cholesterol, insurance, life insurance, pilot, private pilots | Tagged aviation exclusion, cholesterol ratio, full aviation coverage, HDL, helicopters, impaired risk life insurance, insurance, life insurance, lifestyle credits, Minnesota Life, preferred plus rates, private pilot life insurance, total cholesterol, United of Omaha
By Ed Hinerman on March 2, 2011
I was running some quotes for a client of mine a few days ago, a husband and wife private pilot team. They had inquired through AOPA, Aircraft Owners and Pilots Association, for group coverage and had run into several issues. Probably the most troublesome was that with the new AOPA/ING Reliastar partnership where the website ...read more
Posted in insurance, life insurance, pilot, private pilots | Tagged Aircraft Owners and Pilots Assocation, AOPA, aviation exclusion, experiemental, group life insurance benefit, group plan, home built, insurance, life insurance, pilot, private pilot, reduced benefits |
By Ed Hinerman on December 6, 2010
We’ve all heard some version of the story. A widow that can’t collect on her late husband’s life insurance because of some clause or some rule or something that someone did wrong…. Exclusions are a common question and a very real concern. Some time ago there were small policies that had odd exclusions and the ...read more
Posted in death benefit, insurance, life insurance | Tagged aviation exclusion, contestability clause, death benefit, exclusions, fraud, insurance, life insurance, skydiving exlcusion, suicide clause |
