by Ed Hinerman | Jul 22, 2008 | insurance, life insurance, universal life, whole life
If I’ve gone bonkers once, I’ve gone bonkers 100 times about agents that sell universal life and whole life policies based on current or assumed values and not based on guarantees. If you have a policy that was sold based on the assumption that a company...
by Ed Hinerman | Jul 7, 2008 | AARP, insurance, life insurance, term insurance, universal life, whole life
With each new magazine or bulletin, my love/hate relationship with AARP is souring. I’m having a hard time feeling the love these days. I got their most recent bulletin (cheaper than a magazine advertising mode) today. An article caught my eye that had to do...
by Ed Hinerman | Jul 7, 2008 | insurance, life insurance, return of premium term insurance, term insurance, universal life
This is certainly in the top 10 questions I get from clients considering what product will best serve their life insurance needs. When I explain that a 10 or 20 year term is really not designed or priced to go beyond those guaranteed periods I usually get the stock,...
by Ed Hinerman | Jun 6, 2008 | diabetes, epilepsy, heart disease, insurance, key man insurance, liver functions, long term care, obesity, return of premium term insurance, universal life
There is a common misconception that has floated around for the past 100 years or so of my life that if a person has cardiac problems, a heart attack, or coronary artery disease (CAD) requiring heart bypass surgery or an angioplasty, they are irreparably damaged in...
by Ed Hinerman | Jun 5, 2008 | insurance, life insurance, term insurance, universal life, whole life
OK. It’s been months, but Suze Orman has crawled back out of her cave and pretended that she knows all that needs to be known about life insurance. I am a huge advocate of the fact that term life insurance works well for most life insurance needs. The truth is...
by Ed Hinerman | Jun 2, 2008 | estate taxes, insurance, life insurance, universal life, whole life
The not so funny standing joke in the estate planning business is that the most lucrative plan would be a plan to die in 2010. The meat behind that joke is, of course, the estate tax revision law that was was passed not long after Bush took office that started reform...
by Ed Hinerman | May 29, 2008 | Burial insurance, final expense life insurance, insurance, life insurance, universal life, whole life
Pre-paid funeral plans. Pre-paid burial plots. Burial Insurance. All are products that are designed to tug at the emotions, tug just hard enough to get you to ignore the realities, ignore the math, and ultimately make a decision that is free from logic. If memory...
by Ed Hinerman | May 27, 2008 | estate taxes, insurance, life insurance, second to die insurance, universal life
Estate tax repeal, just like getting older, is gently creeping up on us at about the speed of a Lear Jet. In 2010, if congress doesn’t do anything the estate tax will disappear until, of course, reinstated by a congress and president of sound mind. Most of those...
by Ed Hinerman | May 21, 2008 | insurance, life insurance, universal life, whole life
My true desire is that in another 20 years the country will be purged of all of the fraudulently sold non guaranteed whole life and universal life policies. There should have been some professional good cop/bad cop format in place to keep the disaster that has...
by Ed Hinerman | Apr 24, 2008 | insurance, life insurance, universal life
When I talk to clients about today’s permanent products and the trend away from the old guarantees to age 100 and toward guarantees of 120+, I am often chuckled at. Uinversal life policies with no lapse guarantees to 120 or 130 may be more well thought out than...
by Ed Hinerman | Apr 22, 2008 | insurance, life insurance, term insurance, universal life, whole life
It seems that every time I write about whole life insurance and the fact that any positive attributes it may have had at some point in history are gone, someone feels the need to point out what an idiot I am. I take it all with a grain of salt since the stern...
by Ed Hinerman | Mar 25, 2008 | insurance, life insurance, term insurance, universal life, whole life
Life insurance shouldn’t be a luxury. Something that you can buy when times are good and can be dropped when things get tight. The need for life insurance, if anything, is more essential during bad economic times. Not that there is a good time to leave a family...
by Ed Hinerman | Mar 8, 2008 | insurance, life insurance, term insurance, universal life
Often when a person gets into their 70’s, life insurance choices have to be studied more carefully. In most cases there is only one term option left, the 10 year term insurance. If that doesn’t work for you, the only other practical option is a universal...
by Ed Hinerman | Feb 26, 2008 | insurance, life insurance, return of premium term insurance, term insurance, universal life, whole life
I field a high number of calls asking about whether people should buy term insurance, universal life or whole life, and in some cases they will have heard of, and ask about return of premium term insurance. Now is not the time to hold back my feelings on this, so I am...
by Ed Hinerman | Feb 12, 2008 | insurance, life insurance, term insurance, universal life
When I’ve talked to people about universal life insurance products that have guarantees to 120 and longer, I’m often met with a bit of skepticism. People can’t seem to comprehend the idea of living past 100 even though it appears to be a popular past...
My 20 years of experience give me the knowledge and leverage to find reasonably-priced life insurance for people who have been declined or are paying more than they need to. Request a Free Consultation Today!
Recent Comments