by Ed Hinerman | Jun 29, 2010 | insurance, life insurance, private pilots
Prudential Life recently took two steps forward and one step back in their underwriting treatment of private pilots. First they took a bold step forward in their underwriting of owners of experimental and home built aircraft. The pre-change underwriting was very clear...
by Ed Hinerman | Jun 29, 2010 | Anxiety, Depression, insurance, life insurance
I don’t know what some life insurance companies are thinking when they rate a policy because someone was on or is on an anti depressant or anti anxiety medication due to something completely situational like a divorce, the loss of a job or a death in the family....
by Ed Hinerman | Jun 28, 2010 | insurance, life insurance
For years an older friend of mine and life insurance client from church has been inviting me to go to “his special fishing spot” on the Gunnison River in Black Canyon National Park. He had explained for years that it was “quite” a hike in, but...
by Ed Hinerman | Jun 22, 2010 | diabetes, insurance, life insurance, Type 1 diabetes
I was recently asked to work on a case where the client was feeling like the kiss of decline was the best she would ever hear! Her only problem was that she had been a type 1 diabetic since age 9. I shared with you not too long ago how we had found that spot where...
by Ed Hinerman | Jun 18, 2010 | foreign nationals, insurance, life insurance
In a post last week I mentioned that we might be on to (finally) a US life insurance company willing to write policies on foreign nationals with clearly stated guidelines and rules. It has been that last part that has eluded us to date. Every once in a while a company...
by Ed Hinerman | Jun 16, 2010 | bipolar disorder, insurance, life insurance, prostate cancer
Table rated term insurance offers continue to tumble to a standard rate with United of Omaha’s health and lifestyle credit method, what they call their Fit test. I continue to be pleasantly amazed at how the company is honoring this commitment to reward good...
by Ed Hinerman | Jun 11, 2010 | insurance, life insurance, life settlements
I’ve been very clear for a long time that I think life settlements are ethically wrong and, left unchecked, could cause irreparable damage to the tax advantages that life insurance now has. The question really revolves around the question of insurable interest,...
by Ed Hinerman | Jun 10, 2010 | foreign nationals, insurance, life insurance
I often get calls from companies that would like to offer their products through our agency. Most are companies offering types of insurance that I prefer not to get into. My goal has been to keep it simple. So, with the exception of an occasional disability policy for...
by Ed Hinerman | Jun 9, 2010 | estate taxes, insurance, life insurance
As discussed in numerous posts, the estate tax law as we’ve known it for some time and especially for the last 9 years, through inaction by Congress, got repealed. Not unlike the old native American movie line, “It’s a good day to die”, with no...
by Ed Hinerman | Jun 9, 2010 | insurance, life insurance, term insurance
When Genworth Life and Annuity released their Colony Term/UL a few months ago it became obvious that something was up, or down. With insurance companies raising the prices on term insurance for the last year and a half, this new product overcame some obstacle that...
by Ed Hinerman | Jun 8, 2010 | conversion, insurance, life insurance
It’s become all too apparent over the years that most clients buy life insurance, whether term insurance or permanent, put it in the cabinet and because they never hear from their agent again, there is never an evaluation to make sure it meets your needs as well...
by Ed Hinerman | Jun 7, 2010 | insurance, life insurance, mortality, mortality risk
A lot of people understand why and know that a standard rate approval is coming on life insurance and are happy to get it. On the other side of the coin are those that receive a standard rate approval and are taken aback by it, taking offense to not receiving a better...
by Ed Hinerman | Jun 4, 2010 | blood pressure, cholesterol, insurance, life insurance
That’s a life insurance question that’s easy to quantify in numbers. At age 57 if I wanted $500,000 of 20 year term insurance and I qualified for the best rate class, preferred plus, I could expect to pay $1840 annually, about $161 a month. If for some...
by Ed Hinerman | Jun 3, 2010 | insurance, life insurance, mortality risk
Life insurance rate classes are generally the determining factor in what your premium will be for a given amount of insurance. Plug in your age and the cost per thousand for, say, a standard plus rate class and there it is. While what they are called may vary from...
by Ed Hinerman | Jun 2, 2010 | Anxiety, Depression, insurance, life insurance
Without going into a lot of detail because this blog really isn’t about me, let me say that I am in the midst of coming to grips with some long term depression issues that I have just kept at bay for the last 15 or so years. Because it’s on my mind I...
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