by Ed Hinerman | Apr 29, 2010 | insurance, life insurance
The life insurance claims process isn’t something people give a lot of thought to until you’re there. And to complicate things it will be at a time when, unless the death has been expected for some time, you will be a bit scattered just because there are...
by Ed Hinerman | Apr 29, 2010 | bipolar, bipolar disorder, insurance, life insurance
I’ve gone over and over the criteria for successfully acquiring life insurance if you have bipolar disorder, really any mood disorder, the same criteria posted our bipolar life insurance site. 1. Someone who has not been hospitalized for bipolar disorder other...
by Ed Hinerman | Apr 26, 2010 | insurance, life insurance
This post was inspired by a tragedy some good friends went through recently. They discovered their 19 year old son dead, having killed himself. It wasn’t a suicide. He choked himself to death, the “choking game”, a practice among kids his age. A high...
by Ed Hinerman | Apr 22, 2010 | cholesterol, HDL, insurance, life insurance
For years the underwriting benchmark for life insurance’s best rate class has been a cholesterol ratio of 5.0, 4.5 by some more conservative companies. The cholesterol ratio is determined by dividing total cholesterol by HDL, good cholesterol. For instance,...
by Ed Hinerman | Apr 21, 2010 | family history, insurance, life insurance
Most of the time we don’t mind being historically linked to our parents, that is until that link pops up in the life insurance underwriting category of family history. With just a few exceptions the family history question on most life insurance applications...
by Ed Hinerman | Apr 20, 2010 | bipolar, bipolar disorder, insurance, life insurance
I was just doing a double check on underwriting results today and decided to compare how we’ve done in placing policies with clients who have bipolar disorder versus those who have a history of an eating disorder. Now remember we’re talking about life...
by Ed Hinerman | Apr 20, 2010 | insurance, life insurance
I’ve often talked about the good old days of life insurance. Good for the clients. Good for the agents and the companies too, and not all that long ago. It was a time when companies had the freedom to compete for business even when it involved policies that were...
by Ed Hinerman | Apr 15, 2010 | bipolar, bipolar disorder, insurance, life insurance
I recently came across a life insurance blog where the question was asked, “Can a life insurance company cancel a policy within the first two years of inception if (the potential for) suicide is expected?” I tried to comment and answer the question and my...
by Ed Hinerman | Apr 14, 2010 | insurance, life insurance, skydiving
I had a customer call today with a question about whether his in force policy would cover him in case his birthday present, a chance to sky dive, didn’t work out so well. His policy has been in force with for 6 years and at the time he took it out he...
by Ed Hinerman | Apr 12, 2010 | business life insurance, buy/sell life insurance
I got a call from a long time client this morning letting me know that his business partner of almost 50 years, also a client of mine, had passed away over the weekend. It wasn’t unexpected. He would have been 85 next month and his health had been going downhill...
by Ed Hinerman | Apr 10, 2010 | insurance, life insurance, life settlements
Every day in insurance news there is a reminder that the whole issue of life settlements and particularly life settlements as investment portfolios just really couldn’t be more ethically and morally wrong. This is a subject that I’ve minced no words on...
by Ed Hinerman | Apr 7, 2010 | guaranteed issue life insurance, insurance, life insurance, no exam
It may not be advertised as much as “ED” medications, but there is no lack of attempts to get you to look at various life insurance offers that hang their hat on the fact that you don’t have to take an exam. “No exam” life insurance is...
by Ed Hinerman | Apr 6, 2010 | Banner Life, conversion, insurance, life insurance
Over the past several months I have had a running dialog in this forum with the vice president of a major life insurance company. In question was that company’s decision to replace their no lapse guarantee UL as an option for conversion with a universal life...
by Ed Hinerman | Apr 5, 2010 | insurance, life insurance
Let me step away from my “life insurance self” for a moment and just talk about a little about life and death, family and friends. Allow me, if you will, to take a few minutes of your time to share what’s on my heart. I got a call yesterday from a...
by Ed Hinerman | Apr 2, 2010 | AIG, insurance, life insurance, Met Life
AIG, parent company of American General Life Insurance, has been a topic of much discussion and disdain after being bailed out to the tune of $180+ billion by the US Government. As American General customers have called in concerned over having their life insurance...
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