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By Ed Hinerman on June 22, 2012
Can you imagine how bored I would get if I couldn’t count on AARP to provide blog material on an absolutely continuous, unending basis? After all of the really awful things I’ve had to say about the AARP/New York Life insurance program over the years, my last two posts have been about their good side. ...read more
Posted in AARP, beneficiary, cancer, contestability, contestability period, death benefit, insurance, life insurance, New York Life | Tagged AARP, AARP life insurance products awful, AARP life insurance products unfair, AARP ordering medical records, AARP was wrong, AARP/New York Life, claims, claims department, claims person, contestability, death benefit, get out of paying legitimate claims, insurance, lapsed policy, life insurance, reinstatement
By Ed Hinerman on January 5, 2012
A lot has changed over the past 30 some years in life insurance. Products have been invented and disposed of. Bells and whistles have been implemented and some of them have been disposed of. With a few notable exceptions though, the basic term life insurance policy hasn’t changed much. When’s the last time you had ...read more
Posted in accelerated death benefit, conversion, insurance, lapse, life insurance, reinstatement | Tagged accelerated benefit, agents don't stay in touch, basic term life insurance policy, change payment modes, conversion option, conversion option changed, dangerous hobby, filing a claim, grace period, important clauses, insurance, life insurance, life insurance agent, non smoker, options in term insurance, policy as a smoker, policy lapse, premium guaranteed to remain level, quit smoking lower premiums, reinstatement, review on an annual basis, terminally ill
By Ed Hinerman on June 8, 2011
I had a client who, by his wife’s own admission, was a bit of an airhead when it came to things like paying bills on time. When we put life insurance in force on the two of them he insisted that the bill should come to him. His annual bill came due June 1, 2009 ...read more
Posted in grace period, insurance, life insurance | Tagged 31 day grace period, annual review, death benefit, decline, decline reinstatement, insurance, lapse, last know address, late payment notice, life insurance, reinstatement, second addressee |
