by Ed Hinerman | Dec 3, 2012 | cash value, financial adviser, guarantee, insurance, life insurance, Met Life, universal life, variable universal life, whole life
Over my career in life insurance I’ve run across some really sleazy things done by life insurance agents that in no way helped the client but definitely made the agent a great payday. Our industry has some checks and balances in place to try to hold down...
by Ed Hinerman | Nov 18, 2011 | Infinite banking, insurance, life insurance, whole life
I have been dancing around the “Be your own banker” concept for the last month or so after learning more about infinite banking. I finally figured out what I have never liked about whole life insurance. People use it for life insurance. Let me tell you a...
by Ed Hinerman | Nov 5, 2011 | Infinite banking, insurance, life insurance, pilot, private pilots
Although I am new to infinite banking, the use of participating whole life insurance as a financial tool, the fact that it is funded by life insurance means that the agent can make all the difference in whether the concept works to its’ maximum. A huge part of...
by Ed Hinerman | Oct 21, 2011 | AARP, Burial insurance, final expense life insurance, insurance, life insurance, over 50 life insurance, senior life insurance
When you’re over 50 life insurance offers start coming from everywhere. Final Expense insurance. Burial life insurance. The truth is that the senior life insurance market is the most hammered niche in the industry. Why? They think they can push our buttons when...
by Ed Hinerman | Jun 14, 2011 | final expense life insurance, insurance, life insurance, over 50 life insurance, senior life insurance
I wrote an article for Agent Sales Journal in their June magazine titled, “Would you sell that to your mother?” ASJ is an industry magazine and online presence that allows agents to share their opinions. I’ve had several calls from agents since...
by Ed Hinerman | Jun 1, 2011 | insurance, life insurance, term insurance, whole life
I had a comment to a post I wrote last year over the weekend. This person stated, “As a non financially educated guy, I have a really hard time understanding how people in the same industry can have such varying opinions how to insure oneself.” This...
by Ed Hinerman | Feb 25, 2011 | guaranteed issue life insurance, insurance, life insurance, no exam, over 50 life insurance, senior life insurance, term insurance, whole life
If an older person does a search for final expense life insurance, the typical policy that someone in their 60’s or 70’s might want, you could easily be led to believe that the only thing available is guaranteed issue or no exam life insurance (simplified...
by Ed Hinerman | Jan 4, 2011 | guarantee, insurance, life insurance, universal life
How many blog posts and articles have I written about the catastrophic meltdown of traditional universal life insurance policies? I have sought industry assistance in nailing down approximately what percentage of the total number of UL’s are in danger of...
by Ed Hinerman | Dec 8, 2010 | cash value, insurance, life insurance
Let me preface this post by saying that I fully support the public and government efforts to get our country out of debt. Years of irresponsible government and a public that decrys it while at the same time taking advantage of it, have left us beaten down almost to...
by Ed Hinerman | Dec 8, 2010 | cash value, insurance, life insurance
Let me preface this post by saying that I fully support the public and government efforts to get our country out of debt. Years of irresponsible government and a public that decrys it while at the same time taking advantage of it, have left us beaten down almost to...
by Ed Hinerman | Nov 16, 2010 | guarantee, insurance, life insurance, universal life
I received an email today from a person that says he was deceived by his life insurance agent about the length of the guarantee on a UL. I have no way to authenticate the email since my reply came back undeliverable and there was no phone number given. So, while the...
by Ed Hinerman | Sep 15, 2010 | final expense life insurance, insurance, life insurance, senior life insurance, whole life
When I go through my daily Google Alerts to keep current with life insurance related matters, one of the topics I follow is “Final Expense Life Insurance”. More than any other topic I follow this is absolutely riddled with a combination of bad advice and...
by Ed Hinerman | Sep 8, 2010 | insurance, life insurance, over 50 life insurance, term insurance, universal life, variable universal life, whole life
I feel a little like the boy that cried wolf and pretty soon no one is listening, but if you have a universal life, variable universal life, indexed universal life or whole life policy, the wolf is real and if you ignore it long enough it’s going to mess up your...
by Ed Hinerman | Aug 26, 2010 | guarantee, insurance, life insurance, universal life
I had to change the top of my drum today. I’ve worn it out over the past two years beat it about all of the absolute crap (forgive me) that insurance companies are trying to pass off to consumers in the form of non guaranteed universal life and whole life...
by Ed Hinerman | Apr 1, 2010 | insurance, life insurance, universal life, whole life
“If you need life insurance for more than 20 years, choose whole life; for 10 or fewer years, choose term life. For the time in between, ask a licensed professional to review your situation.” This patently ridiculous advice came from an article titled Term...
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