by Ed Hinerman | Jan 30, 2010 | estate taxes, insurance, life insurance
I went for a drive yesterday. The mountains are all snow packed and it was just one of those wonderful post storm days when, well, you just feel blessed to live in the Rockies. I sometimes (almost all of the time) get locked in my own little world in my office. Not...
by Ed Hinerman | Jan 28, 2010 | insurance, life insurance, private pilots
So many life insurance companies have come so close, but none have ever stepped off the edge and done it. Preferred plus rates with no extra charge for private pilots who don’t have an instrument rating. ING Reliastar came out with their preferred plus and a...
by Ed Hinerman | Jan 27, 2010 | conversion, insurance, life insurance
I just completed a conversion of a term insurance policy for a client who truly didn’t have any other options. Having shopped the world, due to a particularly aggressive prostate cancer, we weren’t able to wrote a new policy for him. His term insurance was...
by Ed Hinerman | Jan 26, 2010 | insurance, life insurance, universal life, whole life
Just like any life insurance policy, a policy that is taken out for the purposes of charitable giving, whether it’s for your church or your university, has to be reviewed annually. Too often there’s a big commotion around setting up a trust and getting a...
by Ed Hinerman | Jan 25, 2010 | insurance, life insurance, whole life
A client of mine asked me an interesting question over the weekend about the status of whole life insurance cash value as an asset. His question was whether it was protected from lawsuit judgments? This question came because he had been approached by an agency that...
by Ed Hinerman | Jan 23, 2010 | insurance, life insurance
Medical records should be an accurate account of each visit, test or procedure and nothing else…emphasis on accurate. The problem is that there really is no appreciation in the medical business for just how much damage can be done from medical record inaccuracy....
by Ed Hinerman | Jan 22, 2010 | diabetes, insurance, life insurance, Type 2 diabetes
I was considering just re-posting some old information about life insurance underwriting of diabetes, but let’s just hash our way through it. There is new information and new opportunities that wouldn’t have been there even a year ago. Let’s save...
by Ed Hinerman | Jan 21, 2010 | insurance, life insurance, no exam
I got a letter (bulk rate) from Garden State Life today. I had inquired some time back just to find out how bad their “no exam” life insurance offer was. I like to keep abreast of the hardly ever changing difference between what life insurance will cost if...
by Ed Hinerman | Jan 21, 2010 | conversion, insurance, life insurance, West Coast Life
The reversal in direction and trend that started at the first of last year is continuing with West Coast Life being the most recent to announce that term insurance rates will be increasing. I’m not overly concerned about the term rate increase but I do continue...
by Ed Hinerman | Jan 20, 2010 | family history, insurance, life insurance
I just spoke with a prospective client who applied for a term life insurance policy through a friend of a friend….He had been to my site before but had decided to give this agent a try. His only issue is that a parent died from cancer at age 59. With the...
by Ed Hinerman | Jan 19, 2010 | conversion, insurance, life insurance
I’ve often talked about the conversion option being the gold nugget hidden in term life insurance policies. Simply put the option allows you to convert all or part of your policy to permanent coverage without evidence of insurability. I’ve also often...
by Ed Hinerman | Jan 18, 2010 | Biggest Loser, insurance, life insurance, obesity
The NBC reality show Biggest Loser has kicked off another season and another chance to drive home to our country just how out of control obesity is and, well, how much work it takes to overcome it once you’ve lost control. I haven’t watched the show since...
by Ed Hinerman | Jan 18, 2010 | life insurance, term insurance
Term life insurance offers a guaranteed level death benefit and a guaranteed level premium for certain period of years, the term. Is there a chance you could outlive that term and spend the money it took to keep your policy in force without the policy paying out a...
by Ed Hinerman | Jan 16, 2010 | heart attack, insurance, life insurance
Part of the life insurance business is helping clients understand that companies weigh the mortality risk of each client, and the higher the risk, the higher the premium. I’m often asked by, say, someone who has experienced a heart attack, why the insurance...
by Ed Hinerman | Jan 15, 2010 | basal cell carcinoma, cancer, insurance, life insurance
Some years ago the life insurance underwriting world went into a tizzy because a study had come out insinuating that a person who had multiple basal cell carcinomas, a truly non lethal skin cancer, had a higher chance of having a melanoma, a truly lethal form of skin...
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