by Ed Hinerman | Jan 24, 2011 | business life insurance, buy/sell life insurance, insurance, life insurance
Small business is the backbone of our country’s economy and for most of us, even more importantly, it is the backbone of our personal budget. Without those paychecks in today’s job market we would indeed be up a creek. So, have you asked your boss, the...
by Ed Hinerman | Dec 3, 2010 | business life insurance, buy/sell life insurance, insurance, life insurance
Whether you are the CEO of a large company, handpicked for that position by a board of directors, or the CEO of a company where the job description simply reads “Do everything and do it well”, there is value and responsibility that come with the position....
by Ed Hinerman | Oct 26, 2010 | buy/sell life insurance, insurance, life insurance, over 50 life insurance
You don’t care because you’re dead, right? OK. What if you had to stick around in the rafters and watch and listen to what happens if you didn’t plan for this event. Is your family going to realize a gain from all the years you put in building the...
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 | Jul 31, 2009 | buy/sell life insurance, insurance, life insurance
What happens to a business partnership when one of the partners passes away is of particular interest to both the family of the deceased and the surviving partner. If a plan is in place the transition can go smoothly. If there is no plan in place it can be...
by Ed Hinerman | May 18, 2009 | business life insurance, buy/sell life insurance, insurance, key man insurance, life insurance
That’s an easy one. If you can think of a person in the company, whether that is you, your partner, a long time key employee or board members that make the whole thing work, whose death would cause a financial stumbling block, there is a need for business life...
by Ed Hinerman | Mar 18, 2009 | A1c, AARP, Anxiety, beneficiary, bipolar, bipolar disorder, blood pressure, business life insurance, buy/sell life insurance, bypass surgery, cancer, Dave Ramsey, Depression, diabetes, foreign travel, gastric bypass, guarantee, heart attack, heart disease, high blood pressure, hypertension, Independent agent, insurance, key man insurance, kidnap, life insurance, mortality, mortality risk, New York Life, obesity, prayer, private pilots, prostate cancer, Prudential, PSA, ransom, scuba diving, skydiving, Sleep apnea, stroke, suicide clause, suze orman, term insurance, Type 1 diabetes, Type 2 diabetes, universal life, variable universal life, whole life, women
It’s been a fascinating couple of years. I will sum it up by saying that we have helped a lot of people get life insurance who never thought they could. And what better way to celebrate the information we’ve shared and the victories we’ve had than...
by Ed Hinerman | Feb 10, 2009 | buy/sell life insurance, insurance, life insurance, term insurance, universal life, whole life
For those that sell whole life or universal life they would have everyone believe that term insurance is a product developed by insurance companies to keep from paying death benefits. The only way to have life insurance is to have it go on for life, says them. What...
by Ed Hinerman | Jan 31, 2009 | business life insurance, buy/sell life insurance, insurance, life insurance, term insurance, whole life
Ah, the almost age old question, term versus whole life. What is the right thing to do? Forgive me for being more than just a little opinionated on this subject, but personally I think that is a right for anyone that is on the right side of an argument. Whole life...
by Ed Hinerman | Jan 29, 2009 | buy/sell life insurance, insurance, life insurance
I wrote some time back about the problems that can potentially occur when a person has life insurance with someone who is not related as the beneficiary. The potential problem only exists during the two year incontestability period when part of the claim process...
by Ed Hinerman | Jul 2, 2008 | business life insurance, buy/sell life insurance, insurance, life insurance
For those of us who own and operate small businesses, we pour all we have into feeding our family, paying our employees and hopefully leaving something of value behind to our heirs. For many that entrepreneurial drive is cut short by a premature death and without...
by Ed Hinerman | Feb 14, 2008 | business life insurance, buy/sell life insurance, insurance, key man insurance, life insurance
Small businesses, the backbone of American employment, often run by the slimmest of margins. I’m not talking about profit margins. I’m referring to the owner or one of the owners being just a heart attack away from leaving their family with the business or...
by Ed Hinerman | Oct 12, 2007 | business life insurance, buy/sell life insurance, insurance, life insurance
One of the downsides to the cost of business buy/sell or cross purchase plans is that the cost of the life insurance premium is not income tax deductible. All of us in business know that we really would like air to be deductible if it could be arranged. Let me qualify...
by Ed Hinerman | Sep 3, 2007 | business life insurance, buy/sell life insurance, insurance, life insurance
Whether as an executive or CEO of a large business, or as owner of one of the small businesses that are the backbone of this country, women are increasingly in charge of companies and increasingly needing to consider life insurance as a way to protect that for their...
by Ed Hinerman | Jul 18, 2007 | business life insurance, buy/sell life insurance, insurance, life insurance, term insurance, universal life, whole life
Probably the most often asked question in life insurance. What is the difference between term and whole life? I will deal with whole life and universal life at another time, but let’s talk about term and what it’s really made to do. Term life insurance...
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