by Ed Hinerman | Sep 21, 2010 | insurance, life insurance, whole life
John Hancock announced today that sales of their Protection Whole Life product will be temporarily suspended “due to the ongoing low interest rate environment”. Protection Whole Life has a guaranteed interest rate of 5%, slightly higher than industry...
by Ed Hinerman | Jul 7, 2009 | insurance, life insurance, universal life
I received an email from North American Life today touting their indexed universal life products as the second coming of the 1980’s. I can’t believe that life insurance companies still lean on agents to push non guaranteed assumptions on unsuspecting...
by Ed Hinerman | Dec 6, 2016 | business life insurance, CEO life insurance, indexed universal life, insurance, life insurance
I spoke with the CEO and owner of a company yesterday who was uncomfortable with the idea being pitched by Nationwide insurance of using Indexed Universal Life Insurance as a way to insure him as a key man and amass a fortune in cash value as an executive bonus for...
by Ed Hinerman | Oct 31, 2016 | assumptions, guarantee, indexed universal life, insurance, life insurance, universal life
The Motley Fool recently added more fuel to the fire that will, a lot of us believe, leave indexed universal life insurance in the same historical pile of ashes and rubble that variable universal life and traditional universal life started. I’ve asked over and...
by Ed Hinerman | Jul 23, 2016 | appropriate life insurance recommendation, assumptions, guarantee, illustration, indexed universal life, insurance, life insurance, second to die insurance
I get email advertising all the time from life insurance companies wanting to catch me in a weak moment and get me to jump on board with some breed of indexed universal life. Any breed really. Whether it is simple life insurance, or a bolder approach to wealth...
by Ed Hinerman | Jul 12, 2016 | HIV life insurance, HIV Positive, honesty, insurance, life insurance
Remember that famous book, “The Old Man and the HIV Life Insurance Market”? Yah, me too. But at this point I am considering the fact that the sea may burst forth as fresh water (it’s my poetic license right) before we see fair, consistent...
by Ed Hinerman | Jun 17, 2016 | bipolar, bipolar disorder, business life insurance, CEO life insurance, Depression, HIV life insurance, insurance, life insurance
I thought I was going to be famous when I figured out how to play a game of Monopoly, not even life insurance Monopoly, with four people in under a half hour, beginning to end. I think we could add Life insurance and make the game shorter. Just put one square out...
by Ed Hinerman | Jan 4, 2016 | budget, Dave Ramsey, death benefit, financial adviser, guarantee, honesty, insurable interest, insurance, life insurance
DOW tumbles another 350 points! So, everyone who reads this forum assumes it’s going to be another bit of wisdom…..or a dash of the world according to Ed, about life insurance. And it is, but what’s the connection between a loser year for stocks and...
by Ed Hinerman | Aug 24, 2015 | assumptions, executives, financial adviser, guarantee, guaranteed level premium, honesty, insurance, life insurance, universal life, variable universal life
It’s one of those days when I wish I could turn back the clock 30 years and use rectal explosive devices on all of the life insurance executives and life insurance agents who sold universal life insurance misled customers either with no explanation of the...
by Ed Hinerman | Jun 24, 2015 | illustration, indexed universal life, insurance, lapse, life insurance
A life insurance agent is mad at me. ): or is it :(? Mad enough to hire a lawyer because a blog post I wrote offering my opinion of his unsolicited email telling me how to rob from the poor (policemen, firemen and teachers) and give to the rich (himself and other...
by Ed Hinerman | Mar 12, 2015 | approval, assumptions, budget, cash value, conversion, Conversion to a permanent product, death benefit, guarantee, indexed universal life, insurance, life insurance, no lapse guarantee, rate increase, term insurance, universal life, whole life
I think I’m finally coming to grips with the fact that the life insurance learning curve isn’t really a curve. It’s more the path of a tether ball. It goes round and round, changing speed, direction and attitude with each full turn and then, BANG, it...
by Ed Hinerman | Mar 9, 2015 | assumptions, beneficiary, cash value, death benefit, guarantee, illustration, insurance, life insurance, life insurance lapse, lifetime guaranteed UL, no lapse guarantee
How appropriate that when I looked up the definition of guarantee I not only got what I expected, but it was a bit like opening a life insurance fortune cookie, “provide a formal assurance or promise, especially that certain conditions shall be fulfilled...
by Ed Hinerman | Feb 18, 2012 | cash value, Infinite banking, insurance quotes, life insurance, whole life
As promised I have been on a mission these past several months to prove the worth, or not, of the Infinite Banking system or the Be Your Own Banker concept, whichever title you subscribe to. I ordered and read my 5th edition “Becoming Your Own Banker” book...
by Ed Hinerman | Feb 2, 2012 | conversion, insurance, life insurance, universal life, whole life
I’m on about my 15th drum now. I’ve beat so many of them to death about life insurance guarantees that I have a restraining order keeping me away from the local drum shop. Life insurance companies have been selling assumptions on whole life and universal...
by Ed Hinerman | Jan 11, 2012 | cash value, guarantee, indixed universal life, Infinite banking, insurance, life insurance
A few days ago another agent took offense to my obviously uneducated view that indexed universal life is a poor excuse for a life insurance product, especially in the context of infinite banking. He commented on a post by starting with “I’m sure your completely...
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