by Ed Hinerman | Mar 30, 2015 | beneficiary, business life insurance, cancer, customer service, incontestability, insurable interest, insurance, life insurance, life insurance claim, life insurance lapse, life insurance second addressee, partnership business life insurance, stroke
This same subject keeps popping up in new forms. I’ve explained in the past how essential it is for unmarried couples or business partners to have a power of attorney to be able to sign a release of medical records for life insurance in the event that the...
by Ed Hinerman | Jan 20, 2012 | beneficiary, contingent beneficiary, death benefit, insurance, life insurance
Where do I want the life insurance death benefit to go if I die prematurely? That’s an easy answer for most of us. We want it to go to our spouse. We want him or her to have the money to carry on in the event we are no longer around to provide income and, of...
by Ed Hinerman | Jan 19, 2011 | insurance, life insurance
I’ve been trying to explain life insurance financial justification to a client of mine today. He wants to buy a policy so if he dies a friend of his would be the beneficiary and will have enough money to buy a house from the insured’s Dad. A noble idea and...
by Ed Hinerman | Nov 24, 2010 | death benefit, insurance, life insurance
It’s a dilemma that occurs far too often. A husband dies without ever letting his wife know about life insurance he owned with her as beneficiary. A father or mother dies and the children were never told if they had life insurance or not. People lose life...
by Ed Hinerman | Nov 15, 2010 | beneficiary, insurance, life insurance
In a post I had written a year or so ago I had related the story of a client who was fighting with hospitals and her fiance’s family for a life insurance death benefit that was rightfully hers. They were a proactive couple, wanting all of the pieces in place by...
by Ed Hinerman | Jul 28, 2010 | beneficiary, insurance, life insurance
I’m a fan of sorts of National Public Radio. They take the time to talk about a lot of topics that regular radio and television really don’t find profitable and I love to catch “All Things Considered” when I’m traveling. I would...
by Ed Hinerman | Apr 29, 2010 | insurance, life insurance
The life insurance claims process isn’t something people give a lot of thought to until you’re there. And to complicate things it will be at a time when, unless the death has been expected for some time, you will be a bit scattered just because there are...
by Ed Hinerman | Feb 17, 2010 | beneficiary, insurance, life insurance
I get one of these calls every month or so. A client can’t remember where they put their life insurance policy. It’s not a huge deal to fix the problem, or at least to get a new policy. The larger problem is that if you can’t find your life insurance...
by Ed Hinerman | Oct 22, 2009 | beneficiary, insurance, life insurance
Back in the day….In a much simpler time there used to be a stock answer to how much life insurance a person should carry. There was no real need for a drawn out needs analysis. Life was simple. How much life insurance do I need? Well, ten times your annual...
by Ed Hinerman | Oct 21, 2009 | beneficiary, insurance, life insurance
When we’re going through this whole thing of applying for and eventually putting in force a life insurance policy, often there is a very valuable talk with the beneficiary of that insurance that gets overlooked. You can really start with the basics and believe...
by Ed Hinerman | Aug 31, 2009 | beneficiary, insurance, life insurance
Over the hundreds of year I’ve been in the life insurance business I’ve given out who knows how many thousands of business cards and sent out who knows how many quotes, all a paper trail leading back to me saying that maybe there is life insurance in...
by Ed Hinerman | Apr 27, 2009 | beneficiary, conversion, estate taxes, foreign travel, insurance, life insurance, mortality, mortality risk, private pilots, scuba diving, suicide clause
I did a series of posts last year on life insurance policies and have referred back to those posts on several occasions when explaining some specific clauses and options such as the suicide clause and incontestability clause and the conversion option. Now I would like...
by Ed Hinerman | Apr 3, 2009 | beneficiary, death benefit, decline, Independent agent, insurance, life insurance, term insurance, whole life
Amazing to me the number of people who die with life insurance in force and who spaced out two little details, telling someone that there is insurance and telling them where to find the policy. Because our batting average is less than 100% for turning contacts into in...
by Ed Hinerman | Mar 27, 2009 | beneficiary, business life insurance, insurance, life insurance, life partner
I have written several posts on the subject of beneficiary rights if a claim happens during the incontestability period. This is a little talked about subject that can truly cause problems for those who are engaged, are life partners, have used life insurance as...
by Ed Hinerman | Mar 18, 2009 | A1c, AARP, Anxiety, beneficiary, bipolar, bipolar disorder, blood pressure, business life insurance, buy/sell life insurance, bypass surgery, cancer, Dave Ramsey, Depression, diabetes, foreign travel, gastric bypass, guarantee, heart attack, heart disease, high blood pressure, hypertension, Independent agent, insurance, key man insurance, kidnap, life insurance, mortality, mortality risk, New York Life, obesity, prayer, private pilots, prostate cancer, Prudential, PSA, ransom, scuba diving, skydiving, Sleep apnea, stroke, suicide clause, suze orman, term insurance, Type 1 diabetes, Type 2 diabetes, universal life, variable universal life, whole life, women
It’s been a fascinating couple of years. I will sum it up by saying that we have helped a lot of people get life insurance who never thought they could. And what better way to celebrate the information we’ve shared and the victories we’ve had than...
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