by Ed Hinerman | Jul 31, 2009 | buy/sell life insurance, insurance, life insurance
What happens to a business partnership when one of the partners passes away is of particular interest to both the family of the deceased and the surviving partner. If a plan is in place the transition can go smoothly. If there is no plan in place it can be...
by Ed Hinerman | Jul 30, 2009 | insurance, life insurance, universal life, variable universal life, whole life
In preparing to help write an article about the catastrophic meltdown of traditional universal life insurance policies I was seeking some industry assistance in nailing down approximately what percentage of the total number of UL’s were in danger of imploding....
by Ed Hinerman | Jul 30, 2009 | insurance, life insurance, multiple sclerosis
Other than writing across the top of your life insurance application, “Please decline this application”, I can’t think of a surer way to get declined than to decide to blow off your doctor’s advice and substitute your own without ever...
by Ed Hinerman | Jul 28, 2009 | incontestability, insurance, life insurance, suicide clause
I was recently interviewed by bankrate.com and MSNBC concerning some aspects of why life insurance companies might refuse to pay a death benefit. From the perspective of the consumer it seems there is a belief that companies really search for ways not to pay. In spite...
by Ed Hinerman | Jul 27, 2009 | cholesterol, insurance, life insurance
It always amazes me the way men proclaim how many years it’s been since they’ve seen a doctor and say it like they’re proud, like it’s a badge of honor to ignore your health. I’ve been working on a life insurance application for a local...
by Ed Hinerman | Jul 27, 2009 | blood pressure, hypertension, insurance, life insurance
There’s nothing that will raise your blood pressure quite like finding out that you are going to have to pay more for your life insurance because you are treated for high blood pressure. Even when it’s well controlled almost all companies feel they need to...
by Ed Hinerman | Jul 25, 2009 | insurance, life insurance
The biggest of the on line life insurance agencies is a master at tying up customers and shielding them from the truth and often better deals that might come from competitors. Bait and switch is the first line of offense or tactic. I’ll use a very recent true...
by Ed Hinerman | Jul 24, 2009 | bipolar disorder, insurance, life insurance
We have come a long way in the past few years in finding the right companies with the right underwriters to be able to truly reach out and help those with bipolar disorder get affordable life insurance. We will likely never get to the point of being able to help those...
by Ed Hinerman | Jul 24, 2009 | insurance, life insurance
Spending too much and not enough income to back it up. Reminds me of me before I cut up my credit cards (thank you Dave Ramsey) President Obama and Congress seem to be on a mission to uncover new sources of taxation to support everything from an overzealous financial...
by Ed Hinerman | Jul 23, 2009 | estate taxes, insurance, life insurance, universal life
Estate preservation, as I’ve stated in several posts since the first of the year, is becoming more unstable due to a couple of factors. First, Congress has not shown their cards yet on how they expect to handle the estate tax exemption issue in 2010 and second,...
by Ed Hinerman | Jul 22, 2009 | diabetes, insurance, life insurance, Type 2 diabetes
On occasion a life insurance company will pick a place to make a stand and leave the rest of the industry behind. Companies like Prudential come to mind when they approve tobacco use, other than cigarettes, at non smoking rates even with daily use. So, while many...
by Ed Hinerman | Jul 21, 2009 | insurance, life insurance, mortality risk
I have often talked about the need, when you have health issues or a health history, to do your homework and make sure you find an independent life insurance agent who understands your health challenge and also understands what companies to go to and what companies to...
by Ed Hinerman | Jul 21, 2009 | insurance, life insurance, term insurance
When my granddaughter was born six and a half years ago my wife and I took out a life insurance policy on my daughter. Morbid thought? I would put it more in the cautious reality category. To me there had just opened an 18-20 year window in which my wife and I could...
by Ed Hinerman | Jul 20, 2009 | insurance, life insurance, no exam
One of the little inconveniences of applying for life insurance is that, although free and done at your home or work, there is the need for an exam. With the exception of larger policies most exams consist of blood and urine specimens, a check of your height, weight...
by Ed Hinerman | Jul 19, 2009 | estate taxes, insurance, life insurance, second to die insurance
If not, give this some thought! Estate taxes come due nine months after the death of the sole surviving spouse or individual whose net worth comprises the estate. While nine months may seem like a long enough time to wrap up an estate and gather the money to pay the...
Recent Comments