Browse: Home / over 50 life insurance
By Ed Hinerman on March 21, 2013
Even though Protective and West Coast Life fired me years ago I still get their propaganda and that, along with an almost simultaneous run in with a Protective abusee has once again fired me up again to remind all of you out there who have Protective linked policies, even those that go all the way ...read more
Posted in conversion, guarantee, guaranteed level premium, life insurance, over 50 life insurance, Protective Life, term insurance, universal life, West Coast Life | Tagged adverse selection, conversion option in term life insurance, determined permanent needs, honest life insurance agent, insurance, life insurance, over 50 life insurance, over 60 life insurance, policy rendered useless, Protective Life Actuaries, Protective Life protecting themselves, Protective Life term life, Protective Life term sales binge, reason for conversion option, removed permanent coverage from conversion, term life insurance
By Ed Hinerman on January 22, 2013
For the most part medical records are what they, unreadable scribblings interspersed with occasional labs that are fairly understandable and other kinds of test results that might make sense to a doctor, but are of no use to you or me. There is an area of life insurance underwriting, especially for those of us over ...read more
Posted in application process, decline, insurance, life insurance, life insurance approval, over 50 life insurance | Tagged errors in medical records, get it corrected, insurance, life insurance, medical records, other peoples information in your records, over 50 life insurance, review medical records, underwriters review medical records, voluminous records
By Ed Hinerman on January 17, 2013
I’ve spent significant time in my career in life insurance explaining to clients and potential clients the difference between what an underwriter says and what their doctor has told them. They are often two starkly different opinions and it creates confusion when your doctor says you have the heart of a 30 year old (preferred ...read more
Posted in epilepsy, insurance, insurance quotes, life insurance, life insurance approval, seizure disorder | Tagged anti seizure medication, insurance, life insurance, life insurance medical directors, life insurance standard rate, life insurance underwriting, over 50 life insurance, over 60 life insurance, seizure disorder, standard rate average, underwriters are stupid |
By Ed Hinerman on December 29, 2012
It’s one thing when a lack of customer service results in you not getting your empty coffee cup refreshed, but when a life insurance agent goes south on service and the life insurance company they represent joins them on the beach it can end in disaster. When a life insurance agent doesn’t explain with a ...read more
Posted in customer service, guarantee, guaranteed level premium, honesty, insurance, lapse, life insurance, over 50 life insurance, universal life | Tagged agent doesn't explain, Allstate agent, Allstate agent lack of customer service, Allstate lack of customer service, Allstate life insurance, Allstate universal life insurance, borrow money from cash value, designed to go on forever, failed their customer, implosion of universal life, in force illustration, insurance, life insurance, not sold base on guarantees, over 50 life insurance, policies that fell apart, policy gone to crap, sold based on assumptions, top agent was a liar, traditional universal life |
By Ed Hinerman on December 18, 2012
I wish I had the time to write a blog just on AARP/New York Life and their awful over 50 life insruance products and service. Since helping a couple of beneficiaries collect claims that AARP had told them they weren’t going to pay it’s obvious a person could work full time with a staff just ...read more
Posted in AARP, customer service, insurance, life insurance, life insurance claim | Tagged 29 day refund is AARP standard practice, 4-6 week refund is AARP policy, AARP, customer service maze, customr service at AARP, cut off several times, get out of paying legitimate claims, insurance, life insurance, medicare supplement, not sure how long a couple of days will be, over 50 life insurance, refund in a couple of days, refund takes 4-6 weeks, refund unearned premium, serving the elderly is BS, slow paying refunds, worst service organization in the world
By Ed Hinerman on December 7, 2012
Prudential has long been our go to company for those whose weight just wouldn’t garner an approval from any other companies. It wasn’t preferred plus rates with heavier builds, but it was an approval and it was the only place to find one in so many instances. Let me preface ripping Pru’s head off by ...read more
Posted in application process, approval, Biggest Loser, BMI, build, decline, Fat March, height and weight, insurance, life insurance, life insurance approval, obesity, over 50 life insurance | Tagged approval threshold BMI 50, approval threshold dropped, Biggest Loser, BMI, collateral health issues, insurance, life insurance, morbid obesity, mortality, mortality experience linked to morbid obesity, new charts impact underwriting, no notice to agents, obesity, obesity life insurance, offsetting credits, over 50 life insurance, ovr 50 ife insurance, perceived mortality risk, Prudential new guidelines
By Ed Hinerman on December 1, 2012
I get calls every once in a while from people whose spouse or parent is literally terminally ill and many times imminently terminal. I think they know the answer already but I understand that they see what’s coming and they know it’s going to be a financial hit and, after all, isn’t life insurance all ...read more
Posted in estate taxes, final expense life insurance, insurance, life insurance, no lapse guarantee, over 50 life insurance, rate increase, universal life | Tagged Actuarial Guideline 38, AG38, companies freaking out, deadline 1/1/13, estate tax protection policy, final expense policy, guaranteed death benefit to 121, guaranteed level premium to 100, insurance, life insurance, National Association of Insurance Commissioners, no lapse guarantee universal life, over 50 life insurance, permanent life insurance, rate increase, rate increase 10% to 20%, too late to buy life insurance, waiting too long
By Ed Hinerman on April 10, 2012
It’s not like I’m some grumpy old guy that just thinks young men are stupid. There are a lot of refreshingly intelligent and down to earth young men out there who believe in stepping up to the plate, especially when it’s a plate of their own making. The thing that happens most often with young, ...read more
Posted in cholesterol, insurance, insurance quotes, life insurance | Tagged cholesterol, cholesterol ratio, cost of insurance, could afford it, customer really isn't always right, full medical underwriting, insurance, insurance quotes only as good as exam results, life insurance, life insurance application, like the old days, never been to a doctor, never had labs done, over 50 life insurance, responsibility, same price, young guys |
By Ed Hinerman on March 27, 2012
Let me preface this by saying that I take Prozac for situational depression. The situation doesn’t exist anymore but the feelings were so bad that I continue to take the Prozac. I don’t want to quit and find out that the horrible way I felt was just coincidental to the situation that I blamed it ...read more
Posted in Anxiety, bipolar, bipolar disorder, Depression, insurance, life insurance, over 50 life insurance | Tagged anti anxiety medication, anti depressant medication, better rate on life insurance, bipolar disorder, discontinue treatment, discontinuing treatment affect underwriting, insurance, life insurance, Lithium, misdiagnosis, mood disorder drug, mood disorder life insurance, over 50 applying for life insurance, over 50 life insurance, Prozac, situational depression
By Ed Hinerman on March 22, 2012
I turned 59 the other day and boy am I glad I already have my life insurance in force. I’ve heard that life insurance over 60 really takes a huge jump. But wait, I heard the same thing about over 50 life insurance and that wasn’t exactly true. The absolute truth about that urban legend ...read more
Posted in insurance, life insurance, over 50 life insurance, senior life insurance | Tagged 10 year term, 15 year term, budget, Dave Ramsey, insurance, life insurance, life insurance rates leap, over 50 life insurance, over 60 life insurance, over 70 life insurance, when it lapses you lose, Zander Insurance
