The definition couldn't be much simpler. Guaranteed issue is a life insurance policy that the company guarantees it will issue and put in force no matter what health conditions you have. Some guaranteed issue life insurance companies have age limitations. Most use 40...
We’ve Had This Discussion Before!
DOW tumbles another 350 points! So, everyone who reads this forum assumes it’s going to be another bit of wisdom…..or a dash of the world according to Ed, about life insurance. And it is, but what’s the connection between a loser year for stocks and...Do Unto Others……
It’s one of those days when I wish I could turn back the clock 30 years and use rectal explosive devices on all of the life insurance executives and life insurance agents who sold universal life insurance misled customers either with no explanation of the...If One Size Really Did Fit All!!
If all agents and all companies were created equal, well, you might as well get rid of all the agents and created “The Insurance Company”, completely computerized and ready to mistreat everyone on an equal basis. But alas we live in the real world and...Why Is Indexed Universal Life So Popular?
Greed strike a chord with you? After years of looking at indexed universal life insurance and hearing all the arguments and seeing all of failures, it occurs to me that the bigger the cash value numbers an agent can show a potential client, whether they are based in...Is Genworth Life Screwing Loyal Customers?
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...Grandparents Life Insurance Needs!
My name is Ed Hinerman and my wife and I are grandparents. In the whole scheme of things hardly noteworthy except for the fact that we are part of a growing number of grandparents who are raising our grandchild. The last census showed that just shy of 5 million...Unscrupulous Life Insurance Agents Unmasked!
Over my career in life insurance I’ve run across some really sleazy things done by life insurance agents that in no way helped the client but definitely made the agent a great payday. Our industry has some checks and balances in place to try to hold down...Scooped By Wall Street Journal?
For months, no years now I have been writing about and telling clients about the best permanent product on the life insurance market and how, if they drug their feet long enough considering the purchase, a day would come when they would look back and say, “Dang!...Life Insurance Election Thoughts!
Over the last seven years I have only taken, I think, maybe three opportunities in this forum to spout off on a subject not necessarily related to life insurance, life insurance underwriting or impaired risk life insurance. The election is tomorrow and without knowing...Permanent Life Insurance At A 20% Discount? Fact Or Fiction?
Everyone wants a deal. My wife never buys anything without throwing out the Dave Ramsey line, “Is that the best you can do?”, and I am amazed at how much and where she gets discounts. Too bad Dave has never asked his own life insurance agent that, but...Know What Life Insurance You Have Before You Buy More!
The CEO of a Denver based company contacted me today. He was shopping for life insurance and because he was a private pilot with almost no current flight time, as in none for 4 years, he was getting quotes that were through the roof. When you need millions in life...WWJD About Life Insurance?
A few years back I read an article in a trade publication and, well, I was much younger then and easily riled. I am still getting comments on the post I wrote about that article. In the life insurance business there is an organization called the Million Dollar Round...How Many Die Every Day Without Life Insurance?
According to the US Census bureau about 2.5 million people die every year in the United States. That’s from all causes and all ages. Assuming all days are equal that means that about 6850 people die every day in our country. This is going to get a little deep...Estate Tax Attorneys And Financial Planners Are Stupid!
What do estate tax attorneys and financial planners have in common? Short,fat and bald? Maybe but not the answer I’m alluding to. They’re both working to keep the money you make in your family! Another good answer but still not quite where I was headed....The Hinerman Group
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