by Ed Hinerman | Aug 17, 2009 | insurance, life insurance, term insurance, universal life, whole life
The age old debates about what type of life insurance to buy and at what age a person should definitely have life insurance will go on long beyond me. But this morning I just want to weigh in on with a little different perspective. There are two things that I think we...
by Ed Hinerman | Jul 30, 2009 | insurance, life insurance, universal life, variable universal life, whole life
In preparing to help write an article about the catastrophic meltdown of traditional universal life insurance policies I was seeking some industry assistance in nailing down approximately what percentage of the total number of UL’s were in danger of imploding....
by Ed Hinerman | Jun 23, 2009 | final expense life insurance, insurance, life insurance, universal life, whole life
Some have noted that I’m more than just a little opinionated when organizations and companies try to sell overpriced, under guaranteed term insurance or whole life policies as final expense policies. First let’s kind of define the final expense need so...
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 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...
by Ed Hinerman | May 7, 2009 | insurance, John Hancock, life insurance, Met Life, term insurance, universal life, whole life
Can you say fire sale? I just got notice of yet another term insurance price increase, this time from American National, and it appears that the rebound from the lowest prices in history are picking up steam. I know all of the whole life agents that like to attempt to...
by Ed Hinerman | May 6, 2009 | accelerated death benefit, conversion, insurance, life insurance, Met Life, Protective Life, term insurance, universal life, whole life
Last week I talked about a case with Met Life where a person was able to use the met-life-external-conversion program in order to convert to a policy that had an accelerated benefit rider. Their company didn’t have the benefit and the person was terminally ill...
by Ed Hinerman | Apr 28, 2009 | guarantee, ING Reliastar, insurance, life insurance, universal life, variable universal life, whole life
Till I’m blue in the face!!! Does the word guarantee mean anything to anyone? It seems like perfectly sensible people’s eyes fog over as soon as someone flashes totally non guaranteed, unsubstantiated, unproven life insurance projections in front of them....
by Ed Hinerman | Apr 20, 2009 | ING Reliastar, insurance, life insurance, Lincoln National, Prudential, term insurance, universal life, variable universal life, whole life
Can you feel it building? It started as a trickle around the first of the year with the announcement that a few companies were considering either discontinuing or raising the rates on the universal life no lapse guarantee products. It didn’t take any huge leap...
by Ed Hinerman | Apr 20, 2009 | Dave Ramsey, insurance, life partner, term insurance, universal life, whole life
I’ve shared my opinion plenty of times, the fact that I believe that 95% or more of life insurance needs for the average people out there are term insurance needs. There is no reason to be buying whole life, universal life or variable universal life. Dave Ramsey...
by Ed Hinerman | Apr 15, 2009 | insurance, life insurance, Prudential, term insurance, universal life, variable universal life, whole life
I have spent the last few weeks highly encouraging fence sitting customers to make a move if they truly want the deal of the century on term life insurance. While Prudential’s 4-5% increase in term insurance rates will still keep them competitive, when you...
by Ed Hinerman | Apr 3, 2009 | beneficiary, death benefit, decline, Independent agent, insurance, life insurance, term insurance, whole life
Amazing to me the number of people who die with life insurance in force and who spaced out two little details, telling someone that there is insurance and telling them where to find the policy. Because our batting average is less than 100% for turning contacts into in...
by Ed Hinerman | Apr 2, 2009 | Independent agent, insurance, life insurance, term insurance, universal life, whole life
I am often asked by clients and potential clients if I sell business liability insurance, car insurance, medicare supplements and the full gamut of insurance products available and my answer is Wyoming raised simple, “Nope, I just sell life insurance”. It...
by Ed Hinerman | Apr 1, 2009 | conversion, insurance, life insurance, term insurance, universal life, whole life
I just off off the phone with a man who got laid off and then got blown over when he found out the reality of what it would take to make his group life insurance portable. Since I’ve been in the business, even back when I was big into setting up group plans, I...
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