Browse: Home / senior life insurance
By Ed Hinerman on June 1, 2012
I’ve minced no words over the years about how bad the AARP/New York Life life insurance program is. It is so egregiously over priced and under guaranteed that I swear, if I got selling it to some elderly person in their home, I could be justifiably locked up. States everywhere are cracking down on the ...read more
Posted in AARP, contestability, contestability period, death benefit, insurance, life insurance, senior life insurance | Tagged AARP, AARP/New York Life, agreed to pay the claim in full, conferenced with AARP claims department, ethics of selling to elderly, insurance, left voicemail questioning contestability, life insurance, life insurance contestability, prior knowledge of cause of death, return premium, senior life insurance, two year contestability period, withheld payment of death benefits |
By Ed Hinerman on May 15, 2012
I’ve talked about life insurance from one end of life to another, from insurance for children to senior life insurance. The one common denominator is that if someone doesn’t take any action to put life insurance in force there is absolutely no way their beneficiaries will benefit from it. I’ve talked about how children’s life ...read more
Posted in children's life insurance, insurance, life insurance, private pilots, senior life insurance | Tagged brush with mortality, children's life insurance, colon cancer, family protection life insurance, guaranteed issue life insurance, insurance, Juvenile life insurance, juvenile life insurance conversion, life insurance, mid air collision, private pilot, saving money by not buying life insurance, senior life insurance
By Ed Hinerman on May 5, 2012
I just got my monthly reminder from AARP that I have not yet purchased that life insurance through the AARP Life insurance program that I inquired about 5 years ago, and I haven’t talked about senior life insurance or final expense life insurance for a while so I thought this might be a good chance ...read more
Posted in AARP, final expense life insurance, insurance, insurance quotes, life insurance, senior life insurance | Tagged AARP, AARP 5 year term, AARP life insurance, AARP life insurance program, AARP whole life, final expense life insurance, grandparents considering AARP, guaranteed level premium, horrid ripoff, insurance, life insurance, most overpriced life insurance product, most unfair life insurance product, most unscrupulous life insurance prodoct, New York Life, parents considering AARP, senior life insurance
By Ed Hinerman on January 4, 2012
Did you know that you have the right to name a second person to receive bills and notices for your life insurance policy? I have no idea what the number really is, but I am betting the number of death benefits that aren’t paid every year due to a policy lapsing accidentally is significant. This ...read more
Posted in business life insurance, buy/sell life insurance, death benefit, insurance, lapse, life insurance, reinstatement, senior life insurance | Tagged accountant second addressee, Afghanistan, attorney second addressee, beneficiary as second addressee, business life insurance, buy/sell agreement, buy/sell life insurance, can be reinstated, has lapsed, insurance, lapse, lapse notice, life insurance, premiums, reinstatement offers. suicide death benefit payable, second addressee, second addressee with parents, senior life insurance, will be lapsing |
By Ed Hinerman on November 27, 2011
For us more seasoned life insurance buyers there is an industry tendency to want to squeeze us all into the same companies and product type, senior life insurance or final expense life insurance. This would be OK 1. if over 60 life insurance needs really did change or 2. The companies that “specialize” in senior ...read more
Posted in AARP, guaranteed issue life insurance, Independent agent, insurance, life insurance, New York Life, no exam | Tagged AARP, final expense life insurance, grotesquely overpriced, guaranteed issue life insurance, insurance, life insurance, New York Life, no exam, no exam simplified issue life insurance, over 60 life insurance, over priced, poorly underwritten, scare tactics, senior life insurance, under guaranteed |
By Ed Hinerman on October 21, 2011
When you’re over 50 life insurance offers start coming from everywhere. Final Expense insurance. Burial life insurance. The truth is that the senior life insurance market is the most hammered niche in the industry. Why? They think they can push our buttons when we turn 50 and make us believe that our insurance need has ...read more
Posted in AARP, Burial insurance, final expense life insurance, insurance, life insurance, over 50 life insurance, senior life insurance | Tagged AARP, Burial insurance, cash value, Colonial Penn, final expense insurance, insurance, life insurance, no exam, no health questions, over 50 life insurance, overpriced, playing to fears, scare tactics, senior life insurance, whole life insurance
By Ed Hinerman on August 30, 2011
I wrote a post some time ago less than nicely titled “Burial Insurance is Stupid”. I make myself laugh I’m so opinionated sometimes, but this article was not one of those laughable moments. I take very seriously those things that treat those seeking senior life insurance downright wrong. That was written over two years ago ...read more
Posted in Burial insurance, final expense life insurance, guaranteed issue life insurance, insurance, life insurance | Tagged approved policy, Burial insurance, final expense life insurance, guaranteed issue policy, insurance, life insurance, MIB, no exam life insurance, senior life insurance, traditional life insurance
By Ed Hinerman on August 24, 2011
For many families in the economy of the past five years the question has changed from when retirement will come to how long a person can work. Along with that change, the question of what life insurance portfolio structure is most prudent for seniors has changed dramatically. We all remember the good old days when ...read more
Posted in final expense life insurance, insurance, life insurance, over 50 life insurance, term insurance | Tagged final expense life insurance, financial planning, income for life, insurance, life insurance, lifetime income, over 50 life insurance, over 60 life insurance, retirement age, retirement options, retirement packages, senior life insurance
By Ed Hinerman on July 15, 2011
The life insurance industry, at least the final expense life insurance industry would certainly love for you to believe that over 50 life insurance is a minefield with disaster written all over it. Suddenly you must be perceived as a greater life insurance risk as the advertising targeted toward us shifts from getting $500,000 for ...read more
Posted in AARP, final expense life insurance, insurance, life insurance, over 50 life insurance, senior life insurance | Tagged $25 challenge, AARP/New York Life, Colonial Penn, final expense life insurance, health questions, insurance, life insurance, no exam, over 50 life insurance, senior life insurance
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
