by Ed Hinerman | Aug 19, 2020 | guaranteed level premium, life insurance, private pilots
AOPA Was Supposed To Be A Pilot Advocacy Association? Since breaking the news about the 30% increase in AOPA’s group life insurance for pilots I’ve helped several pilots get their life insurance back on solid ground. With 8 companies that are very...
by Ed Hinerman | Aug 8, 2017 | approval, CEO life insurance, compliance, Conversion to a permanent product, guaranteed level premium, HIV business life insurance, HIV life insurance, insurance, life insurance, life insurance approval
Now that’s what I’ve been talking about for years. For every effort and struggle I’ve gone through on behalf of fair life insurance treatment for HIV+ clients, you, the clients, have been the people that have suffered for so long. Unable to provide...
by Ed Hinerman | Nov 16, 2016 | guarantee, guaranteed level premium, insurance, life insurance, term insurance, universal life
Following up on my post yesterday about Voya Life Insurance’s decision to do away with all of their guaranteed term and universal life products and in recognition of their self declared 2016 Most Ethical Company status, I have just a few more points that I think...
by Ed Hinerman | Aug 4, 2016 | assumptions, guarantee, guaranteed level premium, insurance, lapse, life insurance, lifetime guaranteed UL, no lapse guarantee, whole life
I had a life insurance case some years ago where I was able to help a client replace a Mass Mutual whole life policy that was on the cusp of imploding. What I mean by that is that to the untrained eye, the client’s, the policy seemed to be doing just fine. It...
by Ed Hinerman | Feb 24, 2016 | assumptions, bad customer service, bait and switch, guaranteed level premium, illustration, insurance, life insurance
Over the course of the last 30 years of being in and around the life insurance business I’ve seen agents and companies (and customers) make the products into the cure, the panacea, the over simplification and the shortcut to their end goal. Keep in mind that...
by Ed Hinerman | Nov 12, 2015 | guaranteed issue medical insurance, guaranteed level premium, Health insurance, insurance, insurance quotes, Short term major medical
Once again Obamacare is upon us and those who have joined are scrambling to figure out what direction to take this year. And whether Obamacare, the ACA, survives the next President and Congress, all of the alternatives will have an enrollment period. For 2016 that is...
by Ed Hinerman | Aug 31, 2015 | assumptions, bait and switch, cash value, guarantee, guaranteed level premium, indexed universal life, insurance, life insurance, universal life, variable universal life
Not that long I dropped the Trans bomb that, well gosh, they were going to have to the raise the rates on a bunch of their old universal life policies and my reaction was one of those “Don’t tell me I haven’t been telling you for years” things....
by Ed Hinerman | Aug 24, 2015 | assumptions, executives, financial adviser, guarantee, guaranteed level premium, honesty, insurance, life insurance, universal life, variable universal life
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...
by Ed Hinerman | Jul 22, 2015 | application process, approval, budget, children's life insurance, financial adviser, guaranteed level premium, impaired risk life insurance, Independent agent, insurance, life insurance, life insurance approval, second to die insurance
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...
by Ed Hinerman | Jun 25, 2015 | application process, approval, business life insurance, CEO life insurance, guaranteed level premium, HIV life insurance, HIV Positive, life insurance
There is nothing quite like fighting the good fight and getting your butt handed to you. While we’ve been able to provide life insurance for business purposes to HIV+ CEO’s and executives for years through Lloyds of London, anyone who has followed this...
by Ed Hinerman | Jun 8, 2015 | bad customer service, bait and switch, budget, cash value, guarantee, guaranteed level premium, honesty, indexed universal life, insurance, life insurance, life insurance lapse, lifetime guaranteed UL, loyal customers, rate increase, universal life
Transamerica Life Insurance, formerly Transamerica/Occidental Life may have just taken over the coveted position in the life insurance industry that Protective Life has held for years, the Turd In The Punchbowl Award. They sent out the this email today announcing that...
by Ed Hinerman | Mar 18, 2015 | application process, approval, business life insurance, cancer, conversion, coronary artery disease (CAD), decline, exclusions, guaranteed level premium, insurance, life insurance, life insurance approval
A client I’m working with is getting a little frustrated because, in order to keep his obligations, he is going to have to convert a current term policy coming to the end of its’ guaranteed level premium period. When I say he is going to have to do this...
by Ed Hinerman | Jan 7, 2015 | beneficiary, cash value, conversion, Conversion to a permanent product, guarantee, guaranteed level premium, indexed universal life, insurance, life insurance, life insurance claim, term insurance
Isn’t it true of everything in our lives if we’re over 50, change is happening and with life insurance the companies are making sure it is “Advantage Company” in their tennis match with customers. Having lost count of the number of life...
by Ed Hinerman | Nov 18, 2014 | assumptions, cash value, financial adviser, guaranteed level premium, indexed universal life, insurance, life insurance, lifetime guaranteed UL, term insurance, universal life, whole life
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...
by Ed Hinerman | Oct 28, 2014 | budget, cash value, guaranteed level premium, impaired risk life insurance, insurance, life insurance, life insurance underwriting, term insurance
Ah, the good old days. Milk was 50 cents a gallon. Gas was 25 cents a gallon. A new car was under $2000. And life insurance, well, life insurance was so expensive that people had to pay for it by the week. The good old days of life insurance are where we are. In spite...
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