by Ed Hinerman | Feb 19, 2011 | Banner Life, conversion, insurance, life insurance, New York Life
In my zeal to trounce on life insurance companies that are doing wrong by their clients I mistakenly posted that Banner Life and American General do not offer a guaranteed permanent product for conversion for customers that have had a policy in force for more than 5...
by Ed Hinerman | Feb 16, 2011 | conversion, insurance, life insurance, over 50 life insurance, universal life
What is your definition of permanent! First thing that comes to mind for me is something that never goes away. OK. I know the earth could blow up and then all bets are off when it comes to anything attached to the earth, but let’s assume that it doesn’t...
by Ed Hinerman | Feb 12, 2011 | AIG, conversion, guarantee, insurance, life insurance, term insurance
I’ve always been an advocate of buying a term life insurance length, or multiple term insurance policies that reflect your actual life insurance needs with different term lengths. Due to some recent changes in conversion options I am considering an amendment to...
by Ed Hinerman | Jan 11, 2011 | children's life insurance, diabetes, insurance, life insurance
No, really! Not return of premium term insurance. Not some magic vanishing premium whole life thing. This isn’t even the latest life settlement, premium financed mega mess. I think this is particularly clever and nice too. A company that is reaching out and...
by Ed Hinerman | Dec 27, 2010 | Dave Ramsey, insurance, life insurance, smoking
I got in a bit of a tiff with Zander Insurance Group about a year and a half ago over, at that time, their not showing the best preferred smoker rates when their clients were getting on line quotes. Being a long time Dave Ramsey fan and moderator for his Financial...
by Ed Hinerman | Dec 9, 2010 | conversion, life insurance, term insurance, whole life
Published 12/9/2010, updated 11/25/2019 2009 saw some revolutionary changes in term life insurance, and when I use the word revolutionary I am thinking more like the revolutionary war than revolutionary as in good change. In 2009 there was the introduction of the...
by Ed Hinerman | Nov 9, 2010 | conversion, insurance, life insurance, term insurance, universal life
When all of the sub prime mortgages started going south life as we knew it changed, big time. The American dream became the good old days in just a matter of months. I wonder if someone had shouted loud enough or provided disclaimers scary enough before the loans if...
by Ed Hinerman | Nov 2, 2010 | Banner Life, conversion, insurance, life insurance
I have always been an advocate of buying a term length, or multiple term policies that reflect your actual life insurance needs with different term lengths. Due to some recent changes in conversion options I am considering an amendment to my recommendation. It all...
by Ed Hinerman | Oct 25, 2010 | conversion, insurance, life insurance
I recently wrote about kind of running across a new (this year) change in American General Life’s term conversion rules that really stinks for anyone who has had their term policy for more than 5 years. It particularly struck a raw nerve because I was trying to...
by Ed Hinerman | Oct 19, 2010 | conversion, insurance, life insurance, West Coast Life
April 14, 2010 was the day that West Coast Life and Protective Life terminated my contract with them. According to Gary Carroll in their compliance department I was terminated “for cause based on your failure to follow company advertising guidelines by posting...
by Ed Hinerman | Oct 15, 2010 | conversion, insurance, life insurance
Here we go again! I have a customer that has a 20 year term policy in force with American General. It’s been in force about 6 years and when I called the other day for an annual review he asked what it would cost to convert $100,000 of the policy to permanent. I...
by Ed Hinerman | Oct 12, 2010 | bait and switch, insurance, life insurance
A client left me a message to call over the weekend and when I caught up with him today he had quite a story to tell. He has had a policy in force with me for 7 years, a 15 year term insurance policy. As his story goes he went to the ER about 6 weeks ago with severe...
by Ed Hinerman | Oct 11, 2010 | conversion, insurance, life insurance, term insurance
I had this comment on a post the other day from Richard. “Just got off the phone with Lincoln and AM Family Insurance. No conversions on universal life policies. Ours are 15-19 years old, while there is no termination fees, if we cashed, they advise we to treat...
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 | 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...
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