by Ed Hinerman | Jul 21, 2009 | insurance, life insurance, term insurance
When my granddaughter was born six and a half years ago my wife and I took out a life insurance policy on my daughter. Morbid thought? I would put it more in the cautious reality category. To me there had just opened an 18-20 year window in which my wife and I could...
by Ed Hinerman | Jul 15, 2009 | insurance, life insurance, rate increase, term insurance
As the number of companies grows announcing term insurance rate increases, in the last few weeks another snowball has started rolling down hill that will affect many, especially young adults in their 30’s and 40’s. The most recent trend is companies...
by Ed Hinerman | Jul 8, 2009 | insurance, life insurance, term insurance
In the May 2009 issue of Wealth Manager Warren Buffet was quoted as saying, “It’s only when the tide goes out that you learn who’s been swimming naked.” That couldn’t be more true when it comes to this past year’s economy and those who didn’t use...
by Ed Hinerman | Jul 7, 2009 | insurance, life insurance, New York Life, term insurance
New York Life has started a newsletter on Twitter and decided to follow me, I suspect because of this real fondness I have for their overpriced term products, their love of whole life and the commissions they get from it, and last but by no means least, their sick...
by Ed Hinerman | Jul 6, 2009 | insurance, life insurance, term insurance
There is a point that us old guys reach where no matter how healthy we improve our mortality risk in the next year we just aren’t going to be able to get life insurance cheaper than we can today. I just had this delicate conversation with a 61 year old man who...
by Ed Hinerman | Jun 26, 2009 | insurance, life insurance, rate increase, term insurance
Reliastar has come up with a new approach to rate changes reminiscent of last fall’s presidential campaign. Their word to agent’s, Change is Good! They show the good side of their announcement, that some of their rates in a few selective places will...
by Ed Hinerman | Jun 17, 2009 | Anxiety, diabetes, insurance, life insurance, term insurance
Relieve that stress and get away from it all for a little camping. Pictured above is what a few thousand people call getting away from it all every year during the Ride the Rockies bicycle tour. A little bike ride through the mountains with 2000 people. What, are they...
by Ed Hinerman | Jun 9, 2009 | insurance, life insurance, term insurance, universal life
I’m starting to think my soapbox needs a tune up. I started late last year warning about the appearance of the impending end of the downward trend in term insurance rates. I also started fussing about what appeared to be a shift in both the price, rate...
by Ed Hinerman | Jun 2, 2009 | diabetes, insurance, life insurance, term insurance
No, no. I don’t really think I’m special. Family nickname and joke. “Ed’s done so well they named an entire school curriculum after him.” Ha Ha! Today I want to reflect on this, my 1000th post, and the journey and events of the last 2 1/2...
by Ed Hinerman | Jun 2, 2009 | insurance, life insurance, term insurance, West Coast Life
When life insurance companies change rates or some features of their policies they always have a deadline for application submission to get the old rates or features. Occasionally I get the feeling that clients may wonder if my advice to make a decision or get an...
by Ed Hinerman | Jun 1, 2009 | insurance, life insurance, term insurance, West Coast Life
As we have reported early, often, loud and accurately, term insurance rates as we’ve grown to know and love them, lower each year, are turning rapidly the other way. West Coast Life insurance announced today that they will increase their term insurance rates...
by Ed Hinerman | Jun 1, 2009 | estate taxes, guarantee, insurance, life insurance, term insurance, universal life, whole life
90% of life insurance agents cash those commission checks and forget anything they said about service. If this past year has taught us anything, we should have learned that a financial adviser that doesn’t stay on top of changes and doesn’t stay in touch...
by Ed Hinerman | May 27, 2009 | AARP, insurance, life insurance, New York Life, term insurance, universal life, whole life
Just got back from a conference in California and am catching up on the latest news. Life insurance giant New York Life, AARP’s partner in crime with their term insurance and whole life products, doesn’t seem to be making enough soaking us old folks. They...
by Ed Hinerman | May 20, 2009 | Banner Life, insurance, life insurance, term insurance, universal life
I was just tallying up the life insurance companies that hadn’t jumped on the rate increase bandwagon the other day and was pleased to see some of our best impaired risk companies holding firm. Lost one today though. Banner Life and their New York cousin William...
by Ed Hinerman | May 18, 2009 | AARP, term insurance, whole life
It’s been literally days since I’ve popped a gasket and spewed my lack of respect for AARP all over the place, but they just mailed and want me to renew my membership. Obviously they must think there are two of us out here and their mail is going to the...
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