by Ed Hinerman | Feb 27, 2017 | life insurance, life settlements
There is a new look for life insurance settlements. It used to be urban legend, and may still be, that just about any life insurance policy was worth 20% of its’ face value, or death benefit, in the life settlement market. However, if you have outgrown the need...
by Ed Hinerman | Jan 6, 2012 | insurance, life insurance, life settlements
Quoting Senator Bill Nelson from 2002, “Buying lottery winnings and life insurance policies has become a routine practice. Buying veterans’ retirement and disability benefits, however, has the semblance of predatory lending…” OK. Let’s...
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 | Jun 11, 2010 | insurance, life insurance, life settlements
I’ve been very clear for a long time that I think life settlements are ethically wrong and, left unchecked, could cause irreparable damage to the tax advantages that life insurance now has. The question really revolves around the question of insurable interest,...
by Ed Hinerman | May 14, 2010 | insurance, life insurance, life settlements
The used car lot of the life insurance business. The lot where the worse shape the trade is in, the higher the trade in value. The market I’m talking about is what I believe is going to end up being the life insurance industry’s biggest black eye and...
by Ed Hinerman | Apr 10, 2010 | insurance, life insurance, life settlements
Every day in insurance news there is a reminder that the whole issue of life settlements and particularly life settlements as investment portfolios just really couldn’t be more ethically and morally wrong. This is a subject that I’ve minced no words on...
by Ed Hinerman | Oct 16, 2009 | insurance, life insurance, life settlements
Life settlements, for the life insurance industry, is kind of like when you’ve been whacked in the face and it hurts, but the swelling and discoloration of the black eye hasn’t shown up yet. Life settlements or viatical sales of life insurance policies has...
by Ed Hinerman | Jun 2, 2009 | insurance, life insurance, life settlements
I’ve never minced words about what a horrible idea life settlements are. A life settlement is when you sell the ownership of a life insurance policy on yourself for some amount of money, and they are then the owner and beneficiary when you die. Personally my...
by Ed Hinerman | May 5, 2009 | A1c, angioplasty, Banner Life, bypass surgery, cancer, diabetes, heart disease, insurance, life settlements, Sleep apnea
A month or so ago I talked about a client of mine who, over the course of 4 years, has been working with me to get his rate down from the very first approval we were able to get through Empire General at a table 8, to a just approved standard plus rate with Banner...
by Ed Hinerman | Jan 31, 2009 | beneficiary, death benefit, insurance, life insurance, life settlements, mortality, term insurance
If someone offered you money for your term life insurance policy, which we all know has no value unless you’re dead, would you take it? If you were sick and had been racking up medical bills and someone offered you enough money to pay those bills, let’s...
by Ed Hinerman | Nov 12, 2008 | insurance, life insurance, life settlements, term insurance
I’ve made no bones in the past about my issues with the life settlement or viatical market. In addition to the fact that many life insurance companies are opposed to the practice, I have not been convinced that it is an ethical practice. The idea of someone in...
by Ed Hinerman | Sep 18, 2008 | insurance, life insurance, life settlements
I think you can count on seeing this type of stance from more and more companies. Protective sent a memo out to agents today stating, “Protective Life Insurance Company will not issue life insurance policies planned to be re-sold in the secondary market, often...
by Ed Hinerman | Sep 9, 2008 | insurance, life insurance, life settlements, term insurance
I always seem to take a public beating when I bring up life settlements because I’m opposed to them and those who aren’t really take offense to those of us who are. But, to the question. Could increased sales of life settlement contracts lead eventually to...
by Ed Hinerman | Jul 17, 2008 | cancer, diabetes, heart disease, insurance, life insurance, life settlements
This is an area involving life insurance that is receiving more and more attention and a topic where the troops (life insurance agents) are definitely divided. A life settlement involves the sale of your policy to a third party. The third party takes over ownership,...
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