Browse: Home / indexed universal life
By Ed Hinerman on March 12, 2013
I had an agent questioning me about indexed universal life today. He admitted he was a new agent. He also admitted that one of his primary attractions to the product were the high premium and high commission. Call me old fashioned but I emailed back to him and asked him to give some serious thought ...read more
Posted in guarantee, Independent agent, indixed universal life, insurance, life insurance, universal life | Tagged 8.5% annual interest assumed. show nothing but assumptions, Carl Locke, deception, high commission, high premium, indexed universal life, insurance, lack of candor with client, life insurance, Pacific Life, putting client's first |
By Ed Hinerman on November 7, 2012
Whether there is anything to the Mayan calendar that predicts the end of the world next month or not, there is one thing that is an absolute life insurance fact. Because of actions by the NAIC, National Association of Insurance Commissioners, with the strict enforcement and January 1 deadline to for life insurance companies to ...read more
Posted in budget, cash value, high net worth, indixed universal life, insurance, life insurance, no lapse guarantee, rate increase, universal life, variable universal life, whole life | Tagged Actuarial Guideline 38, AG38, AG38 won't affect in force, external guarantee, external reserves, great deals to be had, high net worth life insurance client, indexed universal life, insurance, internal cash value expensive option, life insurance, NAIC, National Association of Insurance Commissioners, no lapse guaranteee UL, not on policies in force, raise rates, rate increases, traditional universal life, variable universal life, whole life |
By Ed Hinerman on February 25, 2012
If good customer service cost less than bad customer service, which would you choose. Trick question, right? Let me qualify that question a little. If you knew ahead of time that you were making a major purchase that offered little or no customer service after the fact, and you could get the same product for ...read more
Posted in accelerated death benefit, conversion, customer service, guarantee, honesty, Independent agent, insurance, life insurance | Tagged accelerated benefit rider, annual review, close the sale, conversion option, good customer service, indexed universal life, insurance, keeping you informed, life insurance, life insurance customer service, life insurance earned bad repuration, no customer service, one bad product to another, open and honest, opportunity to sell, push to close the sale, total honesty, universal life, variable universal life, what's guaranteed, what's not guaranteed |
By Ed Hinerman on February 18, 2012
As promised I have been on a mission these past several months to prove the worth, or not, of the Infinite Banking system or the Be Your Own Banker concept, whichever title you subscribe to. I ordered and read my 5th edition “Becoming Your Own Banker” book by “Bestselling Author R Nelson Nash. I’ve actually ...read more
Posted in cash value, Infinite banking, insurance quotes, life insurance, whole life | Tagged afford to overfund, assuming dividends, assuming interest, becoming your own banker, dividend paying whole life insurance, dividend rates higher in 2000, fiscally disciplined, illustrations, indexed universal life, infinite banking, insurance, interest rates higher in 2000, life insurance, R Nelson Nash, slightly decaying assumptions, stresses your budget, today's financial climate, total assumed cash value, total guaranteed cash value, using assumptions, whole life insurance |
By Ed Hinerman on January 11, 2012
A few days ago another agent took offense to my obviously uneducated view that indexed universal life is a poor excuse for a life insurance product, especially in the context of infinite banking. He commented on a post by starting with “I’m sure your completely well-intentioned, but you ought to be more careful of publically ...read more
Posted in cash value, guarantee, indixed universal life, Infinite banking, insurance, life insurance | Tagged assumptions, budget, divident paying whole life insurance, guarantee the most cash value, guaranteed, illustration IUL and whole life comparison, indexed universal life, indexed universal life insurance, infinite banking, insurance, investments, IUL, life insurance, Primerica agent, retirement funds, whole life, wrong cash value product
By Ed Hinerman on December 30, 2011
I was talking with a life insurance agent friend of mine the other day. He had called to ask me about my ongoing research and interest in the infinite banking or being your own banker concept. He thought there was another route I might want to look at. This agent suggest that instead of using ...read more
Posted in Infinite banking, insurance, life insurance, term insurance, universal life, whole life | Tagged assumptions aren't sustainable, being your own banker concept, dividend paying whole life insurance, fund close to MEC, guaranteed basis test, indexed universal life, infinitte banking concept, insurance, life insurance, life insurance agent, modest compounding interest, over funding, UL with no term blend, whole life with term blend |
By Ed Hinerman on September 21, 2010
John Hancock announced today that sales of their Protection Whole Life product will be temporarily suspended “due to the ongoing low interest rate environment”. Protection Whole Life has a guaranteed interest rate of 5%, slightly higher than industry average for whole life, so will we be seeing an industry move to tighten interest rates even ...read more
Posted in insurance, life insurance, whole life | Tagged guaranteed, guarantees, indexed universal life, insurance, interest rate sensitive life insurance, interest rates, John Hancock, life insurance, no lapse guarantee universal life, term insurance, unrealistic interest rates, unsustainable, variable universal life, whole life
By Ed Hinerman on May 21, 2010
I was discussing indexed universal life insurance products with another agent today and our combined conclusion is that most of the companies that are offering it seem to have forgotten that bad things can happen in our country’s economy. But just for the sake of argument, let’s pretend that 2008 never happened and our government ...read more
Posted in insurance, life insurance, universal life | Tagged guarantees, indexed universal life, insurance, life insurance, lotto, North American, projections, retirement, variable universal life |
By Ed Hinerman on July 7, 2009
I received an email from North American Life today touting their indexed universal life products as the second coming of the 1980′s. I can’t believe that life insurance companies still lean on agents to push non guaranteed assumptions on unsuspecting customers. There is a segment of the industry I work in that just strolls through ...read more
Posted in insurance, life insurance, universal life | Tagged cash value, greed, indexed universal life, insurance, life insurance, non guaranteed, term insurance, universal life, variable universal life, whole life
By Ed Hinerman on April 28, 2009
Till I’m blue in the face!!! Does the word guarantee mean anything to anyone? It seems like perfectly sensible people’s eyes fog over as soon as someone flashes totally non guaranteed, unsubstantiated, unproven life insurance projections in front of them. Wake up stupid!! ING Reliastar announced today that they have a new indexed universal life ...read more
Posted in guarantee, ING Reliastar, insurance, life insurance, universal life, variable universal life, whole life | Tagged guarantee, indexed universal life, ING Reliastar, insurance, life insurance, Uncategorized, universal life, variable universal life, whole life
