By Ed Hinerman on November 22, 2012
For months, no years now I have been writing about and telling clients about the best permanent product on the life insurance market and how, if they drug their feet long enough considering the purchase, a day would come when they would look back and say, “Dang! Wish I would have done that before the ...read more
Posted in application process, estate taxes, executives, financial adviser, guarantee, guaranteed level premium, high net worth, insurance, life insurance, no lapse guarantee, universal life | Tagged 20% higher prices, 9% higher prices, AG38, companies scared of their own pricing, estate preservation policy, final expense policy, higher reserves, insurance, life insurance, NAIC, no lapse guarantee universal life, pre increase prices, price increase, replacing AARP, universal life, Wall Street Journal
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 April 3, 2012
If I’ve gone a month in the last three years without talking about conversion options and the mean spirited way some life insurance companies have treated it, forgive me. There is nothing I am quite so passionate about as beating the ugly truth completely to death. Starting with the West Coast Life fiasco now three ...read more
Posted in conversion, Independent agent, insurance, life insurance, term insurance, West Coast Life, whole life | Tagged adverse selection, Colorado State insurance commissioner, conversion, conversion optiion, Greg Zabel, insurance, law of large numbers, life insurance, Life insurance buyers guide, liftetime guarantee, low cost life time guarantee conversion, low cost term insurance, NAIC, NAIC buyer's guide, National Association of Insurance Commissioners, should off permanent option for conversion, term life insurance, West Coast Life, whole life insurance
By Ed Hinerman on July 6, 2011
A few days ago I was on a bit of a rip over the subjects of conversion privileges and how far too many companies are changing products offered to non guaranteed UL’s, rather than permanent products. The answer lies somewhere in a slight of hand the companies are using to call a life insurance permanent ...read more
Posted in accelerated death benefit, conversion, insurance, life insurance | Tagged adverse selection, conversion, guaranteed, insurance, life insurance, NAIC, National Association of Insurance Commissioners, no lapse UL |
By Ed Hinerman on June 23, 2011
I contacted the NAIC, National Association of Insurance Commissioners about the general issue of consumer abuse through conversion option changes. A trusted source at the NAIC was kind enough to reply and ask me to send specific questions “Thanks so much for allowing me to address these questions to the NAIC on behalf of the ...read more
Posted in conversion, insurance, life insurance | Tagged changing conversion options, conversion, conversion options, insurance, life insurance, mortality statistics, NAIC, National Association of Insurance Commissioners, permanent policy, without notice to policy owners
By Ed Hinerman on June 22, 2011
I got a company memo today, that in light of all of the companies who have gone the wrong direction in the last year, caught my eye. “Delivering on Promises”. I wasn’t even sure what it was going to be about but I was pretty sure this would be something I would want to share ...read more
Posted in conversion, insurance, life insurance, term insurance, universal life | Tagged conversion option, conversion privilege, insurance, life insurance, Lincoln National, NAIC, National Association of Insurance Commissioners, permanent insurance, Savings Bank Life, term life insurance, West Coast Life
