Browse: Home / Ed Hinerman
By Ed Hinerman on May 16, 2012
I am about to go off on Selectquote again but let me show you the new kinder, gentler side of my opinionated self. Selectquote handles, from what I’ve heard, about 100,000 applications a year. They’ve been the king of the hill for quite a while so that tells me they probably aren’t messing up every ...read more
Posted in Dave Ramsey, Depression, insurance, life insurance, Sleep apnea | Tagged acceptable to Selectquote, apply two places and take best approval, assumption Selectquote doing the best thing, Dave Ramsey, Dave Ramsey is that the best you do, declined, Depression, getting a second opinion, insurance, life insurance, life insurance declined, mild depression, right thing for the customer, Selectquote, Sleep apnea, sleep apnea life insurance, Zander Insurance |
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 14, 2012
There is probably no more misunderstood part of a life insurance policy than the contestability or incontestability period. This is the two year period beginning with the date the policy goes in force during which a company can review the underwriting and pull additional records to make sure their underwriting decision was correct when you ...read more
Posted in contestability, death benefit, insurance, life insurance | Tagged 2 year contestability period, assuming client is telling the truth, change the underwriting class, companies want to pay legitimate claims, contestability period, deduct difference from death benefit, even if questionable, except for non payment of premiums, fraud, graded benefit policies, incontestability, insurance, life insurance, life insurance claim, policy will not be contestable, return of premium with interest |
By Ed Hinerman on May 10, 2012
Some years ago, like 7 or 8 years, I tried doing some on line trading of stocks. After a couple of months it was obvious I was horrible at it so I hung up my trading software and haven’t been back. To this day I still get calls from stock brokers who always claimed we ...read more
Posted in Independent agent, insurance, insurance quotes, life insurance | Tagged computer dialing systems, customer being beat to death, free life insurance quotes, get a call from only one agent, impaired risk life insurance, impaired risk life insurance underwriting, insurance, knowledgeable independent agent, lead called 50 times, leads to three agents instantly, life insurance, online life insurance quote websites, online life insurance quotes, reached the level of stupid, sell leads to 10 or more agents |
By Ed Hinerman on May 8, 2012
As much as I run across this, it’s sad to know that there are probably as many inaccurate life insurance quotes given each day as there are accurate life insurance quotes. The reason is that most life insurance agents don’t know how the underwriting works with whatever company or companies they are quoting. So what’s ...read more
Posted in Independent agent, insurance, insurance quotes, life insurance, liver functions | Tagged accurate life insurance quotes, agent does due diligence, agent quotes inaccurately, approved policy has different rate, complicated case, health issues, inaccurate life insurance quotes, insist that agent shop the case, insurance, lab results, life insurance, life insurance quotes, medical informtion, quoted in person, quoted over the phone, waste of time |
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 May 5, 2012
Heck no! That would lower them to the level of, well, most of corporate America. Before I throw too big a noose here let me say that there are some life insurance companies that are absolutely oozing integrity. If they ever do something wrong they do whatever it takes to make things right and they ...read more
Posted in conversion, customer service, insurance, life insurance, Protective Life, West Coast Life | Tagged changed option with informing agents, changed option without informing clients, changing the conversion option, conversion, coverage at rate class you were originally approved, fair and level premium for life, insurance, left customers uninformed, life insurance, life insurance companies, life insurance companies lie, Protective Life, Protective Life lies, still haven't informed clients, West Coast Life |
By Ed Hinerman on May 2, 2012
A colleague and I were bemoaning some of stranger than fiction nonsense that life insurance companies come up with. They always tout these things as the newest innovation to speed up underwriting, the best product idea since sliced bread, or they just leave it out there as something that makes no sense at all and ...read more
Posted in accidental death, Active Duty Military Life Insurance, insurance, life insurance claim, Lincoln National, Met Life | Tagged $30 overnight charge, accidental death policy, assets and liabilities, high risk avocations, high risk occupationss, instrusive, insurance, IRS form 4506, life insurance, Lincoln National, mandatory to sign 4506, mandatory to sign release of tax returns, MetLife, net worth, nonsense, require eft and void check to issue policy, social security number, stranger than fiction, Transamerica |
By Ed Hinerman on May 1, 2012
If life and life insurance was all simple there wouldn’t be any bumps in the road. We would all have the coverage we need when we need it and Dorothy would be singing Somewhere Over The Rainbow in the background. Truth is that most of the time with life insurance it is that way. People ...read more
Posted in business life insurance, court ordered life insurance, DUI, insurance, International Business insurance, life insurance | Tagged bank required life insurance, business life insurance, CEO, court ordered life insurance, divorce settlement, DUI, high limit life insurance, insurance, key man life insurance, life insurance, life insurance underwriters, Lloyds of London, needing life insurance now, traditional life insurance |
By Ed Hinerman on April 26, 2012
My mother never told me running a small business was easy. In fact it went something more like, “wouldn’t you be better off getting a real job?” I wrote that in 2007, one of the first posts to this forum. I have been self employed since 1978, most of that in life insurance and she’s ...read more
Posted in business life insurance, buy/sell life insurance, insurance, life insurance, term insurance | Tagged bailouts are gone, business life insurance, business succession plan, businesses change rapidly, future in jeopardy, insurance, last 4 years economy, life insurance, more than one policy, protecting our family, term life insurance |
