Browse: Home / term insurance
By Ed Hinerman on July 18, 2012
I had a gentleman call me the other day to see what he could do about the mess his life insurance had ended up in. 10 years ago his agent converted his term insurance policy, at that time a Kemper policy and now a Protective Life policy. This man explained to the agent exactly what ...read more
Posted in assumptions, conversion, guarantee, insurance, life insurance, term insurance, universal life | Tagged agent told him guaranteed permanent, agents have to be held accountable, annual statement of cost and benefits, assumptions not guarantees, based on assumptions, companies have to be held accountable, conversion, duped by unscrupulous agent, fraud, insurance, life insurance, misrepresentation, negligence, Ohio state insurance commission, senior adult transaction, term insurance, traditional universal life insurance, universal life insurance
By Ed Hinerman on July 11, 2012
A few years back I read an article in a trade publication and, well, I was much younger then and easily riled. I am still getting comments on the post I wrote about that article. In the life insurance business there is an organization called the Million Dollar Round Table, MDRT. MDRT is a kind ...read more
Posted in cash value, conversion, financial adviser, insurance, life insurance, mortality, term insurance, universal life, whole life | Tagged guarantee death benefit to 121, guaranteed level death benefit, guaranteed level premium, insurance, life insurance, permanent life insurance, poor performance of underlying investments, term insurance, term life insurance, term to age 100, universal life, universal life with a no lapse guarantee, whole life insurance |
By Ed Hinerman on September 14, 2011
I had a call today from a couple who had stepped up to the plate a little over two years ago when they decided it was time to have a baby and they quit smoking. Now these weren’t real serious cigarette smokers, maybe smoking one in the evening or if they were out with friends ...read more
Posted in Dave Ramsey, insurance, life insurance, smoking, term insurance | Tagged 30 year term life insurance, Dave Ramsey, independent agents, insurance, life insurance, onlie agencies, post pregnancy weight, quit smoking, smoking, social smoker, term insurance, Zander Insurance
By Ed Hinerman on September 8, 2011
Most people are familiar with the standard rate classes for life insurance. From the very best they usually go something like preferred plus, preferred, standard plus, standard. Different companies may call them something different, or only have three standard classes instead of four, but those four cover most of the companies and most standard underwriting ...read more
Posted in heart disease, Independent agent, insurance, life insurance, term insurance | Tagged approve, best guarantee, best price, decline, health underwriting, impaired risk life insurance, Independent agent, insurance, life insurance, lifestyle credit, standard rate classes, table rates, term insurance
By Ed Hinerman on June 2, 2011
It’s never been a pretty picture applying for life insurance and wanting your favorite dangerous hobby to be completely covered. The problem for most of us going in is that we jump on the fun bandwagon without consulting our local life insurance underwriter. Skydiving is one of those life time sports that most people take ...read more
Posted in insurance, life insurance, skydiving | Tagged accidental death, dangerous hobby, insurance, life insurance, race airplanes, recreational skydiving, skydiving, term insurance
By Ed Hinerman on May 13, 2011
So, a guy decides to learn how to fly. He wants to be a private pilot in the worst way. He signs up for lessons and after all the classroom curriculum is satisfied he and his flight instructor are finally ready to take off for the first flight. Other than the fact that they are ...read more
Posted in insurance, life insurance, pilot, private pilots | Tagged accidental death, flight instructor, flight instructor life insurance, insurance, life insurance, pilot, private pilot, student pilot, student pilot life insurance, term insurance
By Ed Hinerman on May 4, 2011
Dave Ramsey still swears that Zander Insurance is the place to get the best deal on term life insurance. “Use Zander’s online quoting system to search for the most competitive term life insurance plans available”, Dave says. I have a lot of respect for Dave Ramsey. His advice has changed my life personally and I ...read more
Posted in Dave Ramsey, life insurance, private pilots, smoking, term insurance | Tagged Dave Ramsey, debt free, emergancy fund, insurance, life insurance, preferred smoker life insurance, private pilot life insurance, term insurance, Zander Insurance
By Ed Hinerman on May 3, 2011
After months of debating just how badly West Coast Life was treating its’ long time term insurance customers I was finally told that I wasn’t able to represent them anymore. That was last year. During those months Greg Zabel, some kind of a vice president of something for West Coast, assured me that they were ...read more
Posted in conversion, insurance, West Coast Life | Tagged conversion, Greg Zabel, guaranteed lifetime conversion option, insurance, life insurance, not guaranteed, term insurance, term/ul, West Coast Life |
By Ed Hinerman on February 16, 2011
What is your definition of permanent! First thing that comes to mind for me is something that never goes away. OK. I know the earth could blow up and then all bets are off when it comes to anything attached to the earth, but let’s assume that it doesn’t blow up in the next 1000 ...read more
Posted in conversion, insurance, life insurance, over 50 life insurance, universal life | Tagged American General, assumptions, conversion, guaranteed, insurance, life insurance, over 50 life insurance, permanent, term insurance, West Coast Life
By Ed Hinerman on February 14, 2011
There is probably no age group market that is more sought after or more abused than the senior life insurance market. What a wake up call it was (several years ago) when I flew past 50 and started getting offers for life insurance for seniors. Being a life insurance agent I can honestly say I ...read more
Posted in insurance, life insurance, senior life insurance, term insurance, whole life | Tagged affordable, final expense life insurance, guaranteed death benefit, guaranteed level premium, insurance, life insurance, senior life insurance, term insurance, whole life
