by Ed Hinerman | Sep 11, 2007 | insurance, life insurance, term insurance
In the last post we covered the fact that the “default” payment option is a lump sum payment to your beneficiary. Either the owner of the policy or the beneficiary can change that option. Attached is the portion of the policy that deals with payment...
by Ed Hinerman | Sep 11, 2007 | insurance, life insurance, term insurance, universal life, whole life
Now we are into some exciting stuff. We have blown past the cover and are now truly into the guts, the purported fine print, of my policy. I won’t hit on every detail of the next 4 pages. I figure if you can follow my ramblings, a little contract language should...
by Ed Hinerman | Sep 10, 2007 | insurance, life insurance, term insurance
Over the next three posts I will be opening up an actual in force term life insurance policy in an effort to do away with the “fine print” myth that I mentioned in a previous post, and also to generally educate you about the guts of a policy. There are no...
by Ed Hinerman | Sep 9, 2007 | insurance, life insurance, universal life
I’m sure that will get the attention of VUL agents, and VUL policy owners. And it should. The variable universal life policy, for my money, is nothing better than a legal misrepresentation. How many times have I talked about the problem with agents selling and...
by Ed Hinerman | Sep 9, 2007 | insurance, life insurance, term insurance
Look out for the fine print! Make sure you check the fine print in your contract! There is probably nothing about a contract, whether it is a lease, a financing contract, or a life insurance policy, that worries people more than the fine print. Thanks to insurance...
by Ed Hinerman | Sep 8, 2007 | cancer, Independent agent, insurance, life insurance, term insurance
It’s been another one of those weeks where people seem to be out to overthrow logic with, well, illogical thinking. It was about a tie between the insurance companies and those considering buying life insurance. They both seem to have a common flaw in the way...
by Ed Hinerman | Sep 7, 2007 | business life insurance, insurance, life insurance, return of premium term insurance
In a post a few days ago I talked about the fact that women in business have several reasons to consider life insurance. On a site called Women’s Initiative , they presented a list from an article in the Birmingham Business Journal, of statistics about women in...
by Ed Hinerman | Sep 7, 2007 | Alcohol Treatment Life Insurance, heart disease, insurance, life insurance
I mentioned in a post the other day that one of my shortcomings is I have a very generalized philosophy that if a little bit of something is good for me, a lot of it should be great for me. If, whatever it is, can be used in monstrous quantities, who’s to say I...
by Ed Hinerman | Sep 7, 2007 | cancer, epilepsy, guaranteed issue life insurance, insurance, private pilots
We’ve all heard some version of the story. A life insurance policy with an exclusion for anyone that dies if they are hit by a bus while wearing a green shirt on a Wednesday during August. Actually if the price was good, I would take that one. Don’t...
by Ed Hinerman | Sep 7, 2007 | cholesterol, heart disease, Independent agent, insurance, life insurance
Cholesterol, as I’ve mentioned before, is one of the two leading causes of surprise insurance quote changes. The other is not really knowing what your weight is. A good guess only lasts until the examiner pulls out the scale. But, are insurance companies...
by Ed Hinerman | Sep 6, 2007 | cholesterol, diabetes, heart disease, insurance, life insurance
I have been more than just a little critical of doctors who keep poor records, don’t tell their patients all they deserve to know, and don’t educate their patients about their medical situation. I need to be fair, or at least I’m feeling that need...
by Ed Hinerman | Sep 6, 2007 | insurance, life insurance
Where isn’t if offered? Whether you are buying a new entertainment center, a car or a house, if financing is involved the question will always pop up. “Would you like to add credit life insurance (mortgage life insurance)?” Mortgage life insurance is...
by Ed Hinerman | Sep 6, 2007 | foreign nationals, insurance, life insurance
A little disclaimer here. Per my duty to my country and the Homeland Security folks, I am not looking for life insurance business from people that want to launder money. Having dutifully taken my required anti-money laundering course through LIMRA, I stand ready to...
by Ed Hinerman | Sep 5, 2007 | bipolar disorder, Independent agent, insurance, life insurance
I’m seeing this headline in the New York Times that is talking about a “40 fold” increase in the diagnosis of children with bipolar disorder in the period between 1994 and 2003. We’re not talking about a 40% increase. The article is saying that...
by Ed Hinerman | Sep 4, 2007 | cancer, diabetes, Fat March, heart disease, insurance, life insurance
As the Fat March participants near the end of their 570 mile quest for weight loss, pounds continue to disappear and once again we will analyze the weight loss in the context of what impact it would have on life insurance rates. A couple of notes on participants that...
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