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...
by Ed Hinerman | Apr 1, 2010 | insurance, life insurance, universal life, whole life
“If you need life insurance for more than 20 years, choose whole life; for 10 or fewer years, choose term life. For the time in between, ask a licensed professional to review your situation.” This patently ridiculous advice came from an article titled Term...
by Ed Hinerman | Mar 29, 2010 | Banner Life, insurance, life insurance, universal life
A week or so ago an associate called to tell me that Banner Life had a new no lapse guarantee UL that was going to stir things up. Better guarantees! Better prices! Better underwriting! I had my first opportunity to test it today. I had a lady contact me about a...
by Ed Hinerman | Mar 27, 2010 | insurance, life insurance
There are plenty of ways to paint scary pictures of what could happen if you don’t have life insurance to protect your family. And they’re real, but do we really need them to prompt us to do the right thing. Buying life insurance isn’t something that...
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