by Ed Hinerman | Nov 11, 2008 | AIG, insurance, life insurance
I was not in favor of the AIG bailout when it was “just” $85 billion, but knowing that AIG has the assets to sell to pay that off, and knowing that the government had taken control of the company, I decided that possibly more brilliant minds than mine...
by Ed Hinerman | Oct 27, 2008 | AIG, insurance, life insurance, term insurance, universal life, whole life
Following the recent bailout/takeover of AIG by the government, other life insurance companies including Prudential are holding their hands out wanting a little of our tax money to soften the impact of their unwise investment in risky real estate loans. Investment of...
by Ed Hinerman | Oct 10, 2008 | AIG, insurance, life insurance, term insurance
I was talking to a friend yesterday who, like many of us, is trying to compute how many additional years he will have to work to make up for the money he has lost from his assets over this past month. He calculated that he would have to work an additional 1.5 years to...
by Ed Hinerman | Sep 19, 2008 | AIG, Independent agent, insurance, life insurance, term insurance, universal life, whole life
With the federal bail out and takeover of AIG a few days ago it is now pretty apparent that assets from the insurance giant will be up for sale soon. With the terms of the bailout loan only being two years in length and at an interest rate of 11.5%, while there...
by Ed Hinerman | Sep 17, 2008 | AIG, insurance, life insurance, suze orman
I have frequently been a critic of Suze Orman when it comes to her advice on life insurance and I am not writing this because I feel I may have been wrong. Suze was on Larry King yesterday praising God for our government bailout of AIG. In her interview she noted as...
by Ed Hinerman | Sep 16, 2008 | AIG, Independent agent, insurance, life insurance, universal life
I have brought up several times in the last two days the fact that those who have guaranteed policies don’t have anything to worry about in the whole AIG shake up. On the other hand, those with non guaranteed universal life policies, policies that rely on...
by Ed Hinerman | Sep 16, 2008 | AIG, Independent agent, insurance, life insurance, term insurance, universal life
Wow, what a day. What a week! What a year! Being an independent life insurance agent, one of about 57,000 who have American General, AIG in their portfolio, I have had the opportunity to discuss the whole financial crisis of AIG several times today. I have also see...
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