by Ed Hinerman | Dec 19, 2019
Guaranteed issue life insurance is touted in advertising as the easy way, mostly for those over 50, to get a final expense life insurance policy. From one ad I saw it sums up what they would like you to believe, “Policies are often geared toward the elderly,...
by Ed Hinerman | Dec 12, 2019
If you’re really healthy you can get up to $2.5 million of life insurance approved in just a few days after a phone interview, sometimes within just a few hours. Several companies have figured out that, in the absence of significant health issues, they can rely on the...
by Ed Hinerman | Dec 12, 2019
You can get accidental death and dismemberment insurance that does cover acts of war and terrorism but does not cover natural causes of death. We can have this issued and in force within a few days of your inquiry. You can apply whether you’re still here in the US or...
by Ed Hinerman | Dec 12, 2019
Yes it is. If your policy is for $500,000, your beneficiary will receive $500,000 upon your death and there is no income tax due on that amount. There is only one way to mess up that tax free status. Business owners are famous for wanting to deduct every penny paid...
by Ed Hinerman | Dec 12, 2019
Rates can change due to lab results that neither you nor the agent were aware of. Rates can change if you forgot to include some medical information on the application. Probably the most common reason for the rate to be different is because the agent didn’t ask all...
by Ed Hinerman | Dec 12, 2019
The answer is yes. AIG Direct is a good example. Cutting out the middle person (the agent) doesn’t lower your cost and can mean you aren’t finding the best rate. Life insurance prices are approved by the national association of insurance commissioners (NAIC) and...
by Ed Hinerman | Dec 11, 2019
We only quote and illustrate companies that are A Excellent to A++ Superior rated by AM Best. While we represent many companies you have probably heard of, such as Prudential Financial, Lincoln Financial and Mass Mutual, we may quote companies that you’ve never heard....
by Ed Hinerman | Dec 11, 2019
No! There are companies that will issue policies without exams. Some will issue up to $2.5 million without an exam. It’s worth noting that even though you can skip the exam, they will still retain the right to review your medical records and today they have access to...
by Ed Hinerman | Dec 11, 2019
That’s called a life settlement. If you no longer need your life insurance policy, and it can still be converted to a permanent policy, there is a chance it can be sold. While that sounds quick and easy it’s important to understand that for a life settlement company...
by Ed Hinerman | Dec 11, 2019
If you have been declined there is a good chance it was because you chose the wrong agent who chose the wrong company. It is not unusual for one company’s decline to be another company’s approval at an affordable rate. Being declined happens far more often than it...
by Ed Hinerman | Dec 11, 2019
There are policies called “guarantee issue life insurance” where there is usually a two year period in which no death benefit is paid if you die, except if the death is due to an accident. With a guarantee issue policy, if you die during the first 2 years...
by Ed Hinerman | Dec 11, 2019
The answer is nothing. Any company or agency that requires money with the application is simply using a psychological ploy to make you feel more committed to them than you need to be. Don’t pay for anything until you have a policy in your hand and you are sure it’s...
by Ed Hinerman | Dec 11, 2019
The quick answer is NO. You can choose to pay annually, semi annually, quarterly or monthly, monthly being done by automatic bank draft. Those are called payment modes. Annually is the least expensive, but the most important choice is what works with your budget. When...
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