by Ed Hinerman | Jul 30, 2016 | application process, cancer, claim, contestability, contestability period, death benefit, grace period, heart attack, incontestability, insurance, life insurance
Part of being in the life insurance business, neck deep as I am, is the fact that sooner or later there are claims. If a life insurance agent sells a lot of products and a few of those are life insurance policies they might retire with only a claim or two to walk...
by Ed Hinerman | Mar 31, 2015 | beneficiary, claim, customer service, death benefit, incontestability, Independent agent, insurance, life insurance, life insurance claim, life insurance claim process
It’s really not that much work, but there are some unexpected things that pop up during the process that, well, would be handy to know. It might lower the stress level, something that anyone grieving the loss of a loved one would welcome. First let me say...
by Ed Hinerman | Mar 30, 2015 | beneficiary, business life insurance, cancer, customer service, incontestability, insurable interest, insurance, life insurance, life insurance claim, life insurance lapse, life insurance second addressee, partnership business life insurance, stroke
This same subject keeps popping up in new forms. I’ve explained in the past how essential it is for unmarried couples or business partners to have a power of attorney to be able to sign a release of medical records for life insurance in the event that the...
by Ed Hinerman | Jun 26, 2012 | death benefit, incontestability, insurance, lapse, life insurance, life insurance claim process, reinstatement
With the possible exception of AARP, life insurance companies truly go out of their way to make sure every legitimate life insurance claim is paid and if the legitimacy of the claim is in a gray area, could really be seen both ways, they will almost always come down...
by Ed Hinerman | Sep 9, 2010 | incontestability, insurance, life insurance, pilot, skydiving
There has always been a stigma attached to life insurance and life insurance companies that they really will do all they can to get out of paying a life insurance claim. People really want, on some level, to believe life insurance companies really don’t pay out...
by Ed Hinerman | Aug 2, 2010 | incontestability, insurance, life insurance, over 50 life insurance, senior life insurance
There are plenty of stories about life insurance companies squirming out of paying death benefits, so I think it’s fair for a person to question if their beneficiaries will really get what they’ve paid for if the pass away. I’m often asked about the...
by Ed Hinerman | Aug 10, 2009 | incontestability, insurance, life insurance
I really think it says something about the morals of our country when people will potentially put their family protection through life insurance at risk by lying and attempting to defraud the company that is willing to help protect their family’s future. I guess...
by Ed Hinerman | Jul 28, 2009 | incontestability, insurance, life insurance, suicide clause
I was recently interviewed by bankrate.com and MSNBC concerning some aspects of why life insurance companies might refuse to pay a death benefit. From the perspective of the consumer it seems there is a belief that companies really search for ways not to pay. In spite...
by Ed Hinerman | Jun 30, 2009 | incontestability, insurance, life insurance
In researching a post written a few weeks ago on how to bind a life insurance application I failed to find any companies still using the tool of choice from the past, the Conditional Receipt. All of the companies I found in my original sweep were using the far...
by Ed Hinerman | May 4, 2009 | Banner Life, heart attack, incontestability, insurance, life insurance, melanoma, term insurance
Continuing on with a series of posts I started last week on life insurance applications I would like to discuss the necessary (by law) and often misunderstood Authorization to Obtain Information or HIPAA authorization form. HIPAA, the Health Insurance Portability and...
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