Browse: Home / whole 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 July 10, 2012
Banner Life has and has had for some time the most competitive no lapse guarantee universal life products available. It has been a standout product in the industry because it not only guarantees a death benefit to age 121, but at no lapse UL prices it also has a cash value accumulation feature not unlike ...read more
Posted in cash value, conversion, insurance, life insurance, term insurance, universal life | Tagged 9% return, Banner Life, cash value accumulation, cost per thousand for long term guarantees, fair warning, guarantee death benefit to age 121, increase the rates, insurance, life insurance, most competitive no lapse universal life, no lapse guarantee universal life, permanent life insurance, unrealistic pricing, whole life insurance
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 February 18, 2012
As promised I have been on a mission these past several months to prove the worth, or not, of the Infinite Banking system or the Be Your Own Banker concept, whichever title you subscribe to. I ordered and read my 5th edition “Becoming Your Own Banker” book by “Bestselling Author R Nelson Nash. I’ve actually ...read more
Posted in cash value, Infinite banking, insurance quotes, life insurance, whole life | Tagged afford to overfund, assuming dividends, assuming interest, becoming your own banker, dividend paying whole life insurance, dividend rates higher in 2000, fiscally disciplined, illustrations, indexed universal life, infinite banking, insurance, interest rates higher in 2000, life insurance, R Nelson Nash, slightly decaying assumptions, stresses your budget, today's financial climate, total assumed cash value, total guaranteed cash value, using assumptions, whole life insurance |
By Ed Hinerman on December 3, 2011
I know. It even showed up in my local paper. “Ed Hinerman Says Whole Life Insurance Without Gagging”! Well, the reflex is still there but I have been fighting it while I investigate whether there is a place in my universe for dividend paying whole life insurance that funds “infinite banking”. Is there another over ...read more
Posted in Infinite banking, insurance, life settlements, over 50 life insurance, senior life insurance, whole life | Tagged 401K, 50's, 60's, Dave Ramsey, get out of debt, infinite banking, insurance, investing is cyclical, IRA, life insurance, love my job, mutual funds, no brainer, over 50 life insurance, stock market barometer of global economy, take ira penalty and tax hit, whole life insurance, your own bank |
By Ed Hinerman on November 18, 2011
I have been dancing around the “Be your own banker” concept for the last month or so after learning more about infinite banking. I finally figured out what I have never liked about whole life insurance. People use it for life insurance. Let me tell you a story about myself and my wife and how ...read more
Posted in Infinite banking, insurance, life insurance, whole life | Tagged cash value, create a retirement plan, divident paying whole life policy, get out of debt, houses mortgaged, infinite banking, insurance, life insurance, repaid myself, tax free, whole life insurance |
By Ed Hinerman on October 27, 2011
Having spent a good deal of my career steering folks away from whole life insurance I found it fascinating to be talking to a customer that came to me and told me exactly what she wanted to buy. She wanted to do the business through me and it was whole life insurance and she simply ...read more
Posted in cash value, foreign nationals, insurance, life insurance, term insurance, whole life | Tagged agent commission, Bermuda, dividends, foreign national, infinite banking, infinite banking candidates, infinite banking scam, insurance, life insurance, money it can save, paid up additions, participating whole life, whole life insurance |
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 June 1, 2011
I had a comment to a post I wrote last year over the weekend. This person stated, “As a non financially educated guy, I have a really hard time understanding how people in the same industry can have such varying opinions how to insure oneself.” This question was aimed right at the heart of the ...read more
Posted in insurance, life insurance, term insurance, whole life | Tagged cash value, death benefit, insurance, life insurance, term insurance versus whole life insurance, term life insurance, term/ul, whole life insurance |
By Ed Hinerman on December 16, 2010
Occasionally I review old posts to update or delete them and sometimes I run across one that I can remember writing. I feel my anxiety disorder getting pumped up. I feel my blood pressure rise and, well, I repost it. From 2008!! With each new magazine or bulletin, my love/hate relationship with AARP is souring. ...read more
Posted in AARP, guarantee, insurance, life insurance | Tagged AARP, advocacy group, convert, ethics, ethics ffor elders, insurance, life insurance, New York Life, no lapse universal life, non guaranteed, overpriced, term insurance, whole life insurance
