by Ed Hinerman | Feb 18, 2012 | cash value, Infinite banking, insurance quotes, life insurance, whole life
As promised I have been on a mission these past several months to prove the worth, or not, of the Infinite Banking system or the Be Your Own Banker concept, whichever title you subscribe to. I ordered and read my 5th edition “Becoming Your Own Banker” book...
by Ed Hinerman | Jan 19, 2012 | business life insurance, buy/sell life insurance, Infinite banking, insurance, life insurance, whole life
As a business person I have become accustomed to wanting to deduct everything I can. If there was a way to deduct the air that is used in my office every day I would be installing an air gauge. Business life insurance benefits are income tax free which is like the 8th...
by Ed Hinerman | Jan 11, 2012 | cash value, guarantee, indixed universal life, Infinite banking, insurance, life insurance
A few days ago another agent took offense to my obviously uneducated view that indexed universal life is a poor excuse for a life insurance product, especially in the context of infinite banking. He commented on a post by starting with “I’m sure your completely...
by Ed Hinerman | Dec 30, 2011 | Infinite banking, insurance, life insurance, term insurance, universal life, whole life
I was talking with a life insurance agent friend of mine the other day. He had called to ask me about my ongoing research and interest in the infinite banking or being your own banker concept. He thought there was another route I might want to look at. This agent...
by Ed Hinerman | Dec 12, 2011 | business life insurance, Infinite banking, International Business insurance, term insurance
I know that when I am shopping for something, for instance a car, I am very straight forward, even blunt, about what I want and how much I am willing to spend. I let the sales person know that it’s OK if they can’t meet my needs, but that changing anything...
by Ed Hinerman | Dec 9, 2011 | A1c, diabetes, foreign nationals, Infinite banking, insurance, life insurance, prostate cancer, Sleep apnea
I’ve been writing long enough that I am bound to be a little redundiferous at times, but I don’t think it can be said too many times. If you use the wrong agent to buy life insurance, who picks the wrong company for your situation, you will not enjoy a...
by Ed Hinerman | Dec 7, 2011 | business life insurance, buy/sell life insurance, cancer, Foreign National Life Insurance, foreign nationals, Infinite banking, insurance, life insurance, whole life
Big giant disclaimer. We have found several highly rated US life insurance companies that will write foreign nationals living in the US and foreign nationals living outside the US. I have kept this fairly low key until I worked through a few cases, one in Jamaica, one...
by Ed Hinerman | Dec 3, 2011 | Infinite banking, insurance, life settlements, over 50 life insurance, senior life insurance, whole life
I know. It even showed up in my local paper. “Ed Hinerman Says Whole Life Insurance Without Gagging”! Well, the reflex is still there but I have been fighting it while I investigate whether there is a place in my universe for dividend paying whole life...
by Ed Hinerman | Nov 18, 2011 | Infinite banking, insurance, life insurance, whole life
I have been dancing around the “Be your own banker” concept for the last month or so after learning more about infinite banking. I finally figured out what I have never liked about whole life insurance. People use it for life insurance. Let me tell you a...
by Ed Hinerman | Nov 9, 2011 | business life insurance, hazardous activities, income replacement, Infinite banking, insurance, life insurance
Remember the “dress for success” thing that started back in the 70’s? I think it was probably a reaction to the way most people my age decided to dress in the 60’s. It never really worked for me. Every time I dressed for success, even if I got...
by Ed Hinerman | Nov 5, 2011 | Infinite banking, insurance, life insurance, pilot, private pilots
Although I am new to infinite banking, the use of participating whole life insurance as a financial tool, the fact that it is funded by life insurance means that the agent can make all the difference in whether the concept works to its’ maximum. A huge part of...
by Ed Hinerman | Nov 4, 2011 | Infinite banking, insurance, life insurance, term insurance, whole life
I confessed last week that I may have finally found something less than dreadful to say about whole life insurance. This day that no one ever saw coming, came through the back door a few weeks ago when I got a call asking specifically for a quote on a participating...
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