by Ed Hinerman | Apr 1, 2009 | insurance, life insurance, universal life, variable universal life
So the question really comes down to this. Is a family going to realize a better benefit in their family trust through the purchase of a guaranteed life insurance policy, or through the purchase of land in Mississippi using the same amount of money. I have been...
by Ed Hinerman | Apr 12, 2021 | insurance, life insurance, over 50 life insurance
This was first written back in 2011 and, strangely, the older I get the more it makes sense. I thought I would dust it off and see if could have some rewritten value added for you. All the best. Nothing Else Is The Same At 60 As It Was 30! Why Would Life Insurance Be...
by Ed Hinerman | Nov 25, 2019 | life insurance, life settlement
Can you really sell a policy you don’t want anymore? It can certainly happen, but let me start by saying that not all term life policy can be sold. Selling your life insurance policy as a life settlement only happens if the transaction makes sense on both ends....
by Ed Hinerman | Jul 3, 2019
Inheritance Gifting Life Insurance Gifting Life Insurance For those with excess money or those who have large estates gifting life insurance premiums can optimize your inheritance planning. It not only moves money out of your estate through planned gifting, but in...
by Ed Hinerman | Dec 8, 2017 | insurable interest, life insurance, second to die insurance
The perfect life insurance product for dealing with estate tax obligations has always been the second to die or survivor-ship policy. Since the obligation to pay those taxes was transferred through an exemption to the surviving spouse, while there might have been a...
by Ed Hinerman | Jul 23, 2016 | appropriate life insurance recommendation, assumptions, guarantee, illustration, indexed universal life, insurance, life insurance, second to die insurance
I get email advertising all the time from life insurance companies wanting to catch me in a weak moment and get me to jump on board with some breed of indexed universal life. Any breed really. Whether it is simple life insurance, or a bolder approach to wealth...
by Ed Hinerman | Aug 21, 2014 | Burial insurance, conversion, Conversion to a permanent product, final expense life insurance, financial adviser, honesty, insurance, life insurance, no lapse guarantee, term insurance, universal life
Hopefully that got your attention if you have a Genworth Life or First Colony “Colony series” term life insurance policy. The company had to make a business decision about their low cost super competitive term conversion product, the Genguard no lapse...
by Ed Hinerman | Mar 26, 2013 | bait and switch, conversion, Conversion to a permanent product, guarantee, guaranteed level premium, insurance, life insurance, lifetime guaranteed UL, loyal customers, over 50 life insurance, term insurance, universal life
We left off the other day with a description of Protective Life’s universal life conversion product, a product that simply defies the imagination. Since they introduced….no wait. They forgot to introduce the product. Since they gave their loyal term...
by Ed Hinerman | Mar 9, 2011 | Burial insurance, final expense life insurance, insurance, life insurance, over 50 life insurance, senior life insurance
There is an entire industry built around the perception that all seniors that need life insurance only need final expense life insurance or burial insurance. There’s some problems not only with the perception but the way the industry markets senior life...
by Ed Hinerman | Nov 23, 2009 | insurance, life insurance, term insurance
I watched Dennis the Menace the other night and early on in that film it was clear that Mr Wilson would have preferred to have $100,000 in his pocket and no Dennis as a neighbor. That’s probably a bit harsh, but the answer as to why he couldn’t have that...
by Ed Hinerman | Mar 29, 2009 | estate taxes, final expense life insurance, insurance, life insurance, second to die insurance, term insurance, universal life, variable universal life, whole life
I’ve been accused of recommending term life for every need and while I maintain that 95% of all needs for the average person are well served by term, there are valid reasons to consider permanent insurance in your portfolio. Before any jumps on that statement...
by Ed Hinerman | Jun 16, 2008 | insurance, life insurance
I had a client email late last week in the midst of reviewing his new policy. He had found all of the annuity payment options available under the death benefit proceeds and was concerned that those were his only options. The reality is that the default payment option...
by Ed Hinerman | Oct 19, 2007 | insurance, life insurance, universal life
I cited a study not too long ago that made it clear that many people pass away these days not having used significant portions of there retirement finances. While this money can be passed on through wills or probate, consider this. I know that many people in this...
by Ed Hinerman | Jul 20, 2007 | insurance, life insurance, universal life
It occurred to me after reading a study that many retired people might be missing an opportunity to increase their inheritance without any investment risk. This study indicated that the majority of retired people die with significant cash assets untouched. Whether...
by Ed Hinerman | Feb 11, 2007 | insurance, life insurance, return of premium term insurance, term insurance
I try never to assume that everyone knows all of the benefits of life insurance. One that is huge beyond measure for your heirs is that the life insurance benefit that you leave behind is not income taxable. Unlike hitting the lottery, the government has graciously...
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