by Ed Hinerman | Nov 10, 2010 | bipolar disorder, insurance, life insurance
Just like that pink rabbit, I just keep going and going and going. I know I’ve beat this drum seemingly to death, but it seems each time I beat it we reach one of two more people that we can help. Bipolar disorder is one of the most misunderstood underwriting...
by Ed Hinerman | Nov 9, 2010 | conversion, insurance, life insurance, term insurance, universal life
When all of the sub prime mortgages started going south life as we knew it changed, big time. The American dream became the good old days in just a matter of months. I wonder if someone had shouted loud enough or provided disclaimers scary enough before the loans if...
by Ed Hinerman | Nov 5, 2010 | flight instructor, life insurance, private pilots
Not too long ago I outlined several private aviation life insurance underwriting changes that Prudential had made, almost all of them in favor of the pilots. Included in those changes was underwriting for private pilots of experimental or home built aircraft without a...
by Ed Hinerman | Nov 3, 2010 | insurance, life insurance, smoking
Let’s just cut to the chase on this subject. Men who smoke very often don’t carry life insurance because smokers have to pay, in general, 3-4 times more than a non smoker of comparable health. They have decided that the extra premium means life insurance...
by Ed Hinerman | Nov 2, 2010 | Banner Life, conversion, insurance, life insurance
I have always been an advocate of buying a term length, or multiple term policies that reflect your actual life insurance needs with different term lengths. Due to some recent changes in conversion options I am considering an amendment to my recommendation. It all...
by Ed Hinerman | Nov 1, 2010 | bipolar disorder, insurance, life insurance, suicide clause
I think we can all understand why life insurance underwriters might get a little squeamish about approving someone who has attempted suicide, especially if it was in the recent past. But what about suicidal thoughts or ideations with no real action or attempt? When I...
by Ed Hinerman | Oct 28, 2010 | diabetes, insurance, life insurance
I’ve had health change surprises come out of nowhere before. I can still remember 30 years ago seeing the doctor for some innocuous thing and he did a blood workup. The result was a diagnosis of Raynauds disease. I was in my late 20’s and felt pretty good....
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 | Oct 25, 2010 | conversion, insurance, life insurance
I recently wrote about kind of running across a new (this year) change in American General Life’s term conversion rules that really stinks for anyone who has had their term policy for more than 5 years. It particularly struck a raw nerve because I was trying to...
by Ed Hinerman | Oct 23, 2010 | insurance, life insurance, Sleep apnea
It wasn’t all that long ago that life insurance underwriters would automatically table rate any sleep apnea, obviously having a problem wrapping their minds around the fact that the client would quit breathing several, if not a lot of times every night. The real...
by Ed Hinerman | Oct 20, 2010 | bipolar disorder, insurance, life insurance, mortality risk
I’ve been specializing in “impaired risk” life insurance cases for the past 13 years and often find that people are confused about the term. They can get their mind wrapped around the idea that they have an impairment, but when you add the word risk...
by Ed Hinerman | Oct 19, 2010 | conversion, insurance, life insurance, West Coast Life
April 14, 2010 was the day that West Coast Life and Protective Life terminated my contract with them. According to Gary Carroll in their compliance department I was terminated “for cause based on your failure to follow company advertising guidelines by posting...
by Ed Hinerman | Oct 15, 2010 | conversion, insurance, life insurance
Here we go again! I have a customer that has a 20 year term policy in force with American General. It’s been in force about 6 years and when I called the other day for an annual review he asked what it would cost to convert $100,000 of the policy to permanent. I...
by Ed Hinerman | Oct 14, 2010 | insurance, life insurance, no exam, senior life insurance
If you can get life insurance without taking an exam, called simplified issue insurance, without donating blood and urine and blocking out 20-30 minutes of your time, why would anyone buy a traditional term life insurance policy that requires an exam? Seems like a...
by Ed Hinerman | Oct 13, 2010 | Anxiety, insurance, life insurance
In a post some years ago I was talking about underwriting of mild mood disorders and made a flip comment that it seemed about time that underwriters take another look since most of America and likely most of them were on Prozac or Zoloft or Wellbutrin. Well, I’m...
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