By Ed Hinerman on January 19, 2012
As a business person I have become accustomed to wanting to deduct everything I can. If there was a way to deduct the air that is used in my office every day I would be installing an air gauge. Life insurance benefits are income tax free which is like the 8th wonder of the world ...read more
Posted in business life insurance, buy/sell life insurance, Infinite banking, insurance, life insurance, whole life | Tagged business life insurance, CEO's, death benefit income tax free, Executive bonus plan, executives, fully tax deductible, infinite banking, insurance, key employees, life insurance, premium tax deductible as bonus, retirement, Section 162, selectivelly offered, supplement benefits, whole life
By Ed Hinerman on January 19, 2012
As I come to grips with the fact that I am going to have to switch from Windows XP to Windows 7 and from Outlook Express to Outlook, I am a bit stressed. To bring you up to speed on the kind of stress I am going through, I wrote this post this morning. Because ...read more
Posted in Anxiety, bipolar disorder, cholesterol, Depression, high blood pressure, insurance, life insurance | Tagged approve at preferred plus rates, attorneys, best rate class, better rate class than industry average, blood pressure, CEO's, cholesterol, coping mechanism, insurance, life insurance, life insurance underwriters, minor mood disorder, mood disorder treatment, mood stablizing, mothers dealing with children, physicians, Prozac, rate class reflect mortality risk, stress, treated for ADD, treated for anxiety, treated for bipolar disorder, treated for depression, well controlled, Wellbutrin, Windows 7, Zoloft |
By Ed Hinerman on January 12, 2012
Because of the limits put on the benefit available under traditional disability income insurance, there are a lot of people who would fall well short of being able to maintain their lifestyle if disabled. The standard of the industry is 60% of your salary, usually with a maximum of $16,600 a month which is 60% ...read more
Posted in disability, disability income, insurance, life insurance | Tagged $250k monthly benefit, benefit on salary and bonuses, CEO's, disability income insurance, disability overhead expense, exeutives, fully underwritten plans, guaranteed issue, insurance, life insurance, partners, supplemental high limit disability
By Ed Hinerman on December 15, 2011
Declined anything is a personal hit kind of feeling. I remember once being declined for a credit card. I think I may be the only guy in the country that has ever been declined for a credit card. It kind of hurt my feelings. They offered it and then they declined it. What’s with that? ...read more
Posted in bipolar, bipolar disorder, decline, diabetes, epilepsy, heart disease, insurance, life insurance | Tagged approve, approve and issue policies, bipolar, bipolar disorder, CEO's, declined, declined for life insurance, diabetes, doctor lying to me?, epilepsy, heart disease, homemakers, insurance, life insurance, my imminent death, never a manic episode, never a sucidial thouht, not comfortable with risk, pathetic underwriting, pay out a death benefit, standard or better rates
By Ed Hinerman on December 7, 2011
Big giant disclaimer. We have found several highly rated US life insurance companies that will write foreign nationals living in the US and foreign nationals living outside the US. I have kept this fairly low key until I worked through a few cases, one in Jamaica, one in India and one in Bermuda. This isn’t ...read more
Posted in business life insurance, buy/sell life insurance, cancer, Foreign National Life Insurance, foreign nationals, Infinite banking, insurance, life insurance, whole life | Tagged attorneys, business ties to US, CEO's, company owners, executives, financial justification, foreign national life insurance, foreign nationals, high net worth individuals, highly rated US companies, infinite banking, insurable interest, insurance, international buy/sell life insurance, life insurance, multi national business insurance, physicians, professional athletes life insurance, professionals, reason for US policy, strong ties to the US, the process
By Ed Hinerman on October 25, 2011
Impaired risk life insurance has always been the cornerstone of our business. That decision to take the life insurance agent path less traveled has proven to be a blessing for our clients and for me. The majority of agents are after the majority of clients. Clients who have never had a health issue and don’t ...read more
Posted in business life insurance, buy/sell life insurance, executives, Foreign National Life Insurance, foreign nationals, foreign travel, insurance, key man insurance, life insurance | Tagged application process, Bermuda, business owners, CEO's, executives, impaired risk companies, impaired risk life insurance, insurance, international business, Jamaica, life insurance, Mexico, professional athletes, professionals, prostate cancer |
By Ed Hinerman on October 23, 2011
Let’s step away from life insurance for a day and address an inherent problem in disability income insurance. Disability income insurance is there to theoretically replace earned income in the event that a person is disabled by injury or illness. Companies normally cap their benefit at 65% of a person’s annual gross earned income, up ...read more
Posted in disability, disability income, executives, hazardous activities, income replacement, professional athletes | Tagged actors, annual gross earned income, artists, benefit cap, capital gains, CEO's, DI, disability income insurance, disabled, fishermen, high net worth, higher income, insurance, life insurance, Lloyds of London, loggers, offershore oil workers, own occupation, pay cut by capped income, professional athlethes, replace earned income, too much unearned income, writers
By Ed Hinerman on October 10, 2011
I have, over the years, made it quite clear that there are distinct advantages to buying life insurance when you are young and healthy. It’s not that over 50 life insurance suddenly becomes horribly difficult to obtain. for most of us it is just more expensive due to age and really not that bad when ...read more
Posted in business life insurance, insurance, key man insurance, life insurance, over 50 life insurance, prostate cancer | Tagged attorneys, CEO's, Gleason grade 6, Gleason grade 7, Gleason grade 9, insurable, insurance, key man life insurance, life insurance, life insurance as collateral, Lloyds of London, over 50 life insurance, physicians, professionals, prostate cancer, PSA
