Browse: Home / business life insurance
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 |
By Ed Hinerman on April 7, 2012
Being a small business person myself I know that there are plenty of opportunities to bust your budget if you take everyone’s advice, get all the best bells and whistles and make your business 99.99% bombproof. It’s funny to see success draw the vultures in. My website, this blog, used to have quite a bit ...read more
Posted in business life insurance, buy/sell life insurance, customer service, executives, insurance, International Business insurance, life insurance | Tagged aspiring purchaser of business, business buy/sell life insurance, business life insurance, business succession, business succession life insurance, business succession planning, insurance, key person, key person life insurance, key service provider, life insurance, lost revenue, part ownership, partner, SEO, sole proprietor, sole proprietorship sales value, stock repurchase agreement, value if you die, value of your business |
By Ed Hinerman on February 25, 2012
With the introduction several years ago of 30 year term insurance and no lapse guarantee universal life, which is essentially a term for life, some agents have lost sight of the fact that there are legitimate short term needs for life insurance. It wasn’t that long ago when annual renewable term was a popular product, ...read more
Posted in business life insurance, insurance, life insurance, term insurance, travel insurance | Tagged 10 year term, bridge coverage, business sale transition, face amount more important than long term, insurance, life insurance, not all needs are long, not all needs are permanent, short term event insurance, short term life insurance, short term life insurance needs, short term note, short term travel insurance, something is better than nothing, travel insurance, yearly renewable term, YRT |
By Ed Hinerman on February 16, 2012
If you make $300,000 or less then this post is probably not for you, unless you can envision a time when your income is higher. Traditional disability income insurance will pay, at most, 65% of your income as a benefit, theoretically what you would net post taxes. This means that the maximum benefit at $300,000 ...read more
Posted in bipolar disorder, business life insurance, buy/sell life insurance, civilian contractors, disability income, insurance, prostate cancer | Tagged $250k a month benefit, attorneys, dentists. executives, disability for entertainers, disability for professional athletes, disability incomce insurance, disability income, disability income cap, high limit disability income insurance, highly paid surgeons, income in excess of $1 million, insurance, physicians, restrictive disability insurance, supplemental disability income insurance, traditional disability income |
By Ed Hinerman on February 16, 2012
If it isn’t crystal clear by now, it should be. People applying for life insurance with a current or past history of well controlled depression, anxiety, ADD, ADHD, bipolar disorder and other mood disorders are being abusively rated or declined by most life insurance companies. My contention is , in spite of the statistics, is ...read more
Posted in Anxiety, bipolar, bipolar disorder, business life insurance, decline, Depression, insurance, life insurance, physicians life insurance | Tagged abusively declined, abusively rated, ADD, ADHD, anxiety disorder, approved at preferred plus rates, approved bipolar disorder, attorney, bipoalr disorder, bipolar, CEO, ceo life insurance, decline, insurance, life insurance, obsessive compulsive disorder, OCD, physician, rated for mood disorders, situational depression, well controlled anxiety, well controlled depression, well controlled mood disorder |
By Ed Hinerman on February 6, 2012
I have clients all over the Middle East doing everything from engineering to Afghan translation to security services. I have been working with a company out of Argentina that has oil field crews working revolving shifts in Iraq and it looks like we will have the policy issued on that tomorrow. I love it when ...read more
Posted in accidental death, business life insurance, buy/sell life insurance, civilian contractors, Civilian War Zone Coverage, disability income, insurance, life insurance, Lloyds of London, professional athletes | Tagged accidental death and dismemberment, business life insurance, CEO, Commercial pilots, disability income insurance, group or individual plans, high limits, inusrance, life insurance, missionaries, professional athletes, war zones, world wide |
By Ed Hinerman on January 19, 2012
As a business person I have become accustomed to wanting to deduct everything I can. If there was a way to deduct the air that is used in my office every day I would be installing an air gauge. Life insurance benefits are income tax free which is like the 8th wonder of the world ...read more
Posted in business life insurance, buy/sell life insurance, Infinite banking, insurance, life insurance, whole life | Tagged business life insurance, CEO's, death benefit income tax free, Executive bonus plan, executives, fully tax deductible, infinite banking, insurance, key employees, life insurance, premium tax deductible as bonus, retirement, Section 162, selectivelly offered, supplement benefits, whole life |
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 December 12, 2011
I know that when I am shopping for something, for instance a car, I am very straight forward, even blunt, about what I want and how much I am willing to spend. I let the sales person know that it’s OK if they can’t meet my needs, but that changing anything I’ve told them is ...read more
Posted in business life insurance, Infinite banking, International Business insurance, term insurance | Tagged becoming your own banker, Dave Ramsey, David Stearns, deaf ear to budget, dividend paying whole life insurance, emotionally attached to the sale, emotionally detach from your goals, infinite banking, insurance, international business life insurance, life insurance, life insurance over 50, my budget, my budget was toast, term life insurance, viable for age 58, what I want |
