by Ed Hinerman | Jul 29, 2016 | accelerated death benefit, accidental death, acts of war or terrorism, dangerous occupation life insurance, foreign travel, insurance, International Business insurance, life insurance, mountain climbing, student pilot
At first thought, accidental death insurance seems quite simplistic and obvious without the need for much explanation. But you know me. Why let something obvious go without an explanation. You might be surprised at the number of inquiries I get asking what exactly...
by Ed Hinerman | Apr 6, 2015 | accelerated death benefit, bad customer service, beneficiary, claim, customer service, honesty, insurance, life insurance, life insurance claim
Voya Insurance, aka Reliastar Insurance, aka ING Reliastar, long one of the most boring companies in the life insurance business, has finally stepped out and away from the crowd. They couldn’t do it with products or underwriting, but they took aim at what every...
by Ed Hinerman | Jul 23, 2013 | accelerated death benefit, impaired risk life insurance, insurance, life insurance
I am always hesitant to give much attention to bells and whistles added to life insurance. Historically the bells and whistles have been a way to drive up the premium with little or almost no risk that the life insurance company will ever have to engage in paying out....
by Ed Hinerman | Dec 7, 2012 | accelerated death benefit, civilian contractors, Civilian War Zone Coverage, dangerous occupation life insurance, High Limit AD and D, insurance, life insurance
There are some downsides to being raised in a place and by parents that molded me into a trusting person. Several months ago I was approached by two guys who wanted me to partner with them and process all of the business from their Afghanistan website for civilian...
by Ed Hinerman | Feb 25, 2012 | accelerated death benefit, conversion, customer service, guarantee, honesty, Independent agent, insurance, life insurance
If good customer service cost less than bad customer service, which would you choose. Trick question, right? Let me qualify that question a little. If you knew ahead of time that you were making a major purchase that offered little or no customer service after the...
by Ed Hinerman | Jan 5, 2012 | accelerated death benefit, conversion, insurance, lapse, life insurance, reinstatement
A lot has changed over the past 30 some years in life insurance. Products have been invented and disposed of. Bells and whistles have been implemented and some of them have been disposed of. With a few notable exceptions though, the basic term life insurance policy...
by Ed Hinerman | Jul 6, 2011 | accelerated death benefit, conversion, insurance, life insurance
A few days ago I was on a bit of a rip over the subjects of conversion privileges and how far too many companies are changing products offered to non guaranteed UL’s, rather than permanent products. The answer lies somewhere in a slight of hand the companies are...
by Ed Hinerman | Jun 21, 2011 | accelerated death benefit, death benefit, insurance, life insurance
A few days ago I wrote a post about a blog comment concerning a person who was looking into the accelerated death benefit on their Met Life group policy. Her husband is terminally ill and they remembered that they could take a portion of the death benefit up front....
by Ed Hinerman | Jun 17, 2011 | accelerated death benefit, death benefit, insurance, life insurance
I have written several posts about the life insurance accelerated death benefit. As a refresher the practice of offering a partial accelerated benefit to terminally ill clients came about as a way to put some real dirt bags out of business. The bags would prey on...
by Ed Hinerman | Jan 13, 2011 | accelerated death benefit, life insurance
The accelerated death benefit is one of those gold nuggets in life insurance policies that, for very little cost, can bring peace, sanity and hope in the life of someone terminally ill. The ADB is simply one of the nicest things the life insurance companies have ever...
by Ed Hinerman | Nov 18, 2009 | accelerated death benefit, conversion, insurance, life insurance
Term life insurance is a product that is sprinkled with gold nuggets that make it so much more than it appears on the surface. The great news is that the nuggets are part of the policy and are not added on at an extra cost. One of those nuggets that I often take for...
by Ed Hinerman | May 6, 2009 | accelerated death benefit, conversion, insurance, life insurance, Met Life, Protective Life, term insurance, universal life, whole life
Last week I talked about a case with Met Life where a person was able to use the met-life-external-conversion program in order to convert to a policy that had an accelerated benefit rider. Their company didn’t have the benefit and the person was terminally ill...
by Ed Hinerman | May 1, 2009 | accelerated death benefit, conversion, death benefit, insurance, life insurance, Met Life, universal life
I heard a story about a Met Life case today that just inspired me. Life insurance companies quite often do things they don’t necessarily have to, like paying a claim when the validity could probably be argued. I’ve talked in previous posts about universal...
by Ed Hinerman | Mar 13, 2009 | accelerated death benefit, conversion, insurance, life insurance, universal life, whole life
I’ve made no secret of my disdain for whole life insurance and the whole cash value is more important than adequate insurance mentality. I was cruising financial news today and saw an article on life insurance and decided to check it out. The article did provide...
by Ed Hinerman | May 29, 2008 | accelerated death benefit, final expense life insurance, insurance, life insurance, term insurance
There’s probably none of us who haven’t known someone whose family has gone through a terminal illness of a family member. The anticipation of the loss, the battling against the inevitability of the loss, the tremendous expense and strain of the process...
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