Browse: Home / lifetime guarantee
By Ed Hinerman on November 1, 2011
In what appears to be a screeching halt to the bottoming out of term insurance prices, several companies moved within the past month to unseat perennial term insurance giant Banner Life, a subsidiary of Legal and General America. Banner responded today by lowering rates in their three best rates classes, preferred plus, preferred and standard ...read more
Posted in Banner Life, insurance, life insurance, term insurance, West Coast Life | Tagged Banner Life, conversion option, impaired risk life insurance, insurance, Legal and General America, life insurance, lifetime guarantee, lowering rates, preferred, preferred plus, Pure term, refund of unused premium, standard plus, surrender charge, term life insurance, term/ul, West Coast Life
By Ed Hinerman on June 14, 2011
I wrote an article for Agent Sales Journal in their June magazine titled, “Would you sell that to your mother?” ASJ is an industry magazine and online presence that allows agents to share their opinions. I’ve had several calls from agents since writing the article, all except one wanting to know more about how I ...read more
Posted in final expense life insurance, insurance, life insurance, over 50 life insurance, senior life insurance | Tagged cash value, final expense life insurance, insurance, life insurance, lifetime guarantee, over 50 life insurance, senior life insurance, whole life
By Ed Hinerman on April 9, 2011
A few years ago I shopped for final expense life insurance just to see what was available and being pushed. I knew there was a propensity in the industry to push some really overpriced, under guaranteed products as senior life insurance. I just wanted to experience first hand how bad these products were and how ...read more
Posted in AARP, final expense life insurance, insurance, life insurance, over 50 life insurance, senior life insurance | Tagged 5 year term insurance, AARP, final expense life insurance, guaranteed, insurance, life insurance, lifetime guarantee, New York Life, non guaranteed, over 50 life insurance, senior life insurance
By Ed Hinerman on April 6, 2011
A client of mine called today in response to a blog post I had written about the current state of estate preservation life insurance and exemption laws. After reviewing his situation I concurred with his estate attorney that he should look at acquiring a 2nd to die life insurance policy. Remember that a second to ...read more
Posted in final expense life insurance, insurance, life insurance, second to die insurance | Tagged 2nd to die life insurance, conversion options, estate liquidity life insurance, final expense life insurance, guarantee, insurance, life insurance, lifetime guarantee, private pilot, universal life insurance
By Ed Hinerman on February 25, 2011
If an older person does a search for final expense life insurance, the typical policy that someone in their 60′s or 70′s might want, you could easily be led to believe that the only thing available is guaranteed issue or no exam life insurance (simplified issue). Big names like Colonial Penn, AARP and Globe tend ...read more
Posted in guaranteed issue life insurance, insurance, life insurance, no exam, over 50 life insurance, senior life insurance, term insurance, whole life | Tagged cash value, final expense life insurance, insurance, life insurance, lifetime guarantee, no exam, over 50 life insurance, senior life insurance, whole life
By Ed Hinerman on February 19, 2011
In my zeal to trounce on life insurance companies that are doing wrong by their clients I mistakenly posted that Banner Life and American General do not offer a guaranteed permanent product for conversion for customers that have had a policy in force for more than 5 years. Banner’s stated “practice” on conversion is that ...read more
Posted in Banner Life, conversion, insurance, life insurance, New York Life | Tagged 10 year guarantee, 25% increase, assumed mortality, Banner Life, conversion, fully guaranteed, insurance, life insurance, lifetime guarantee, New York Life, whole life
By Ed Hinerman on February 12, 2011
The life insurance industry made a big deal of the year 2000 and the impending monster changes in the term life insurance pricing that were just waiting for the ball to drop in Times Square. They even came up with a special name for the event, Triple X. The whole country was caught up in ...read more
Posted in insurance, life insurance, universal life | Tagged conversion option, estate planning, external guarantee, insurance, life insurance, lifetime guarantee, no lapse guarantee universal life, permanent life insurance, price increase
By Ed Hinerman on November 9, 2010
When all of the sub prime mortgages started going south life as we knew it changed, big time. The American dream became the good old days in just a matter of months. I wonder if someone had shouted loud enough or provided disclaimers scary enough before the loans if we could have averted at least ...read more
Posted in conversion, insurance, life insurance, term insurance, universal life | Tagged assumptions, bad mortality risk, conversion, guarantees, insurance, life insurance, lifetime guarantee, mortality risk, no lapse guarantee, term insurance, universal life |
