by Ed Hinerman | May 24, 2017 | cash value, indexed universal life, insurance, life insurance
Although indexed universal life insurance sales seem to be losing some momentum, the fact that they are still the highest sold life insurance product on the market today is a testament to both the greed of Americans and, more importantly, the disingenuous direction...
by Ed Hinerman | Dec 4, 2014 | cash value, Conversion to a permanent product, indexed universal life, insurance, life insurance, lifetime guaranteed UL, rate increase, universal life
There is a reason most life insurance agents never make it to their 2nd year in the business and it isn’t because they’re stupid or life insurance really doesn’t have the potential to be a well paying lifetime career. The lack of long term success...
by Ed Hinerman | Nov 18, 2014 | assumptions, cash value, financial adviser, guaranteed level premium, indexed universal life, insurance, life insurance, lifetime guaranteed UL, term insurance, universal life, whole life
Greed strike a chord with you? After years of looking at indexed universal life insurance and hearing all the arguments and seeing all of failures, it occurs to me that the bigger the cash value numbers an agent can show a potential client, whether they are based in...
by Ed Hinerman | May 4, 2013 | assumptions, cash value, death benefit, guarantee, guaranteed level premium, illustration, indexed universal life, insurance, life insurance, long term guarantee, no lapse guarantee, universal life
Two and a half years ago, when indexed universal life insurance seemed to be taking over the insurance landscape, I spent considerable time studying the products and then posted my thoughts in this forum. In particular I took great exception to the fact that agents...
by Ed Hinerman | Dec 30, 2011 | Infinite banking, insurance, life insurance, term insurance, universal life, whole life
I was talking with a life insurance agent friend of mine the other day. He had called to ask me about my ongoing research and interest in the infinite banking or being your own banker concept. He thought there was another route I might want to look at. This agent...
by Ed Hinerman | Dec 18, 2007 | insurance, life insurance, second to die insurance, universal life
In a post not long ago I mentioned that New York was poised to approve the sale of indexed universal life, a form of universal life that uses market indexes to determine actual cash value above the guarantee. Well, they’re off to the races. I ran a spreadsheet...
by Ed Hinerman | Nov 15, 2007 | insurance, life insurance, return of premium term insurance, term insurance, universal life
New York state’s insurance department is inching their way toward the 1980’s in their life insurance product availability. You would have to live there to appreciate (or not), just how antiquated the mortality assumption logic is. A good example, probably...
by Ed Hinerman | Jul 20, 2023 | life insurance, melanoma, skin cancer
original post 2/28/14 updated 7/2023 As I write about life insurance policies for low stage melanoma, I know you folks in the northeast are not thinking about skin cancer right now. You are likely focused on the never ending thunderstorms, flooding and Canadian...
by Ed Hinerman | Apr 10, 2021 | life insurance, replacement
Why Would You Want To Replace Your Current Life Insurance? There is a mindset with life insurance that once you have it in place, don’t mess with it. This is sound logic if you are satisfied with what you have and you know for a fact that it is the best product...
by Ed Hinerman | Nov 10, 2020 | customer service, honesty, life insurance
I wrote this post the summer of 2016, a much simpler time in our country. The problem I addressed then is still around and just adding to the challenges our nation faces. I am updating this post because the fundamental question of who you trust always needs to remain...
by Ed Hinerman | Jun 2, 2020 | life insurance, mortality risk, universal life
The Cost Of (Life) Insurance After 20+ years of life insurance rates going down, the chaos of the last 12 months appears to have put an end to the trend. The cost of insurance is primarily comprised of two variables, mortality experience and interest rates. Both of...
by Ed Hinerman | Sep 17, 2019
Universal Life Insurance Universal Life Insurance. Buyer Beware! What is universal life insurance? Universal life insurance first hit the market in the 1980’s and, over the years, has been the source of both praise and anger from clients who have owned the...
by Ed Hinerman | Mar 25, 2019 | life insurance
For those of you who have followed this forum long enough you may think I hate when you want to sell your life insurance policy to a life settlement company. OK, it is true that my first take on life settlements eight or so years ago was harsh. I didn’t trust...
by Ed Hinerman | Sep 21, 2018 | cash value, indexed universal life, insurance, life insurance, universal life
The Wall Street Journal recently posted an article titled, “Universal Life Insurance, a 1980s Sensation, Has Backfired”. Now I have become keenly aware over the years that very few people really take my blog to heart unless the run into a post that is an...
by Ed Hinerman | Feb 12, 2018 | appropriate life insurance recommendation, budget, business life insurance, CEO life insurance, Dave Ramsey, guarantee, insurance, life insurance, life insurance approval
They aren’t hiding in plain sight! They aren’t where you would expect to find them with the super giant on line life insurance agencies like Selectquote or Reliaquote. Selectquote says on their website that, “You’re just a few steps away from...
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