by Ed Hinerman | Aug 21, 2013 | Anxiety, approval, assumptions, bipolar disorder, CEO life insurance, Depression, insurance, life insurance, life insurance approval, life insurance claim
While I believe it would be characterized as mild, there seems to be quite a bit of evidence pointing to the fact that most life insurance companies have gone through a manic period of underwriting mood disorders. For the past several years depression, anxiety and...
by Ed Hinerman | Aug 20, 2013 | conversion, Conversion to a permanent product, customer service, death benefit, guarantee, guaranteed level premium, insurance, life insurance, Protective Life
OK. So I’m starting from a place of disliking Protective Life with a passion. In my career I have never seen a company that has consistently and persistently screwed their customers more than Protective Life along with all of the other companies it has managed...
by Ed Hinerman | Aug 20, 2013 | AIG, application process, customer service, impaired risk life insurance, Independent agent, insurance, life insurance, life insurance approval
There are some trends in the life insurance industry that occasionally make me wonder if we are glimpsing the future of the business, or are we already there? If life insurance companies could figure out how to get as much business without the use of commission paid...
by Ed Hinerman | Aug 14, 2013 | A1c, approval, BMI, impaired risk life insurance, insurance, life insurance, life insurance approval, mortality, mortality risk
As related in a post yesterday which was a follow up on a previous post concerning the American General use of the CRL Labs Smart Score methodology for underwriting, I have breaking developments. After being rebuffed by CRL, being told that they couldn’t tell me...
by Ed Hinerman | Aug 13, 2013 | application process, approval, decline, diabetes, insurance, life insurance, mortality risk
Not too long ago I went off on American General for using the CRL laboratories smart score system as justification for declining a client. Since then I have been on somewhat of a quest searching for just what the smart score is and more precisely how it is supposed to...
by Ed Hinerman | Jul 27, 2013 | AARP, accidental death, death benefit, insurance, life insurance, life insurance claim
I’ve been careful about life insurance claim abuse cases I’ll help with only because, in most cases, the state insurance commissions are very good at putting things back on track and getting valid claims paid. But occasionally it will be something that...
by Ed Hinerman | Jul 24, 2013 | approval, decline, diabetes, impaired risk life insurance, insurance, life insurance, life insurance approval
I still own the domain name “You Just Can’t Fix Stupid.com” and this is one of those days when I would like to dust it off and go live with it. The new American General Life Insurance “Smart Score” underwriting system has just recently...
by Ed Hinerman | Jul 23, 2013 | accelerated death benefit, impaired risk life insurance, insurance, life insurance
I am always hesitant to give much attention to bells and whistles added to life insurance. Historically the bells and whistles have been a way to drive up the premium with little or almost no risk that the life insurance company will ever have to engage in paying out....
by Ed Hinerman | Jun 25, 2013 | Active Duty Military Life Insurance, application process, family history, insurance, insurance quotes, life insurance, life insurance approval, Met Life, military
Me pass up an opportunity to question a life insurance company stance at the very core of its’ self proclaimed heart? Not on your life or over my dead body. USAA and MetLife are the self proclaimed most patriotic life insurance companies in the country. They...
by Ed Hinerman | Jun 21, 2013 | application process, approval, bipolar disorder, impaired risk life insurance, insurance, insurance quotes, life insurance
The process is the same for everyone. We finally come to grips with the need for life insurance and whether we call our local State Farm agent or go on line, the next step is to get a quote. I’ll be honest. When I get a quote for anything, construction, dental...
by Ed Hinerman | Jun 13, 2013 | approval, Banner Life, decline, impaired risk life insurance, insurance, life insurance, life insurance approval
Time to play life insurance underwriting, truth or lie? I want to launch into this stating that I don’t advocate lying on life insurance applications for two reasons, well, two main reasons. First, withholding relevant underwriting information if you get away...
by Ed Hinerman | Jun 6, 2013 | approval, death benefit, decline, guaranteed issue life insurance, insurance, life insurance, life insurance approval
Unlike Obamacare’s fines, er, taxes, er penalties, there is no penalty for not having life insurance while you’re alive and if you believe that once the lights go out you’re done, there’s no reason to worry about after your death. The risk...
by Ed Hinerman | Jun 6, 2013 | application process, approval, BMI, final expense life insurance, guaranteed issue life insurance, impaired risk life insurance, insurance, life insurance, life insurance approval, no exam
Allow me to blow right by all of the internet clutter of $12 a month for $500,000 of life insurance. There is no question that those are low rates even though they are enticing unknowing young clients with prices for 10 year term insurance, a completely inappropriate...
by Ed Hinerman | Jun 4, 2013 | approval, bipolar disorder, insurance, life insurance, life insurance approval, Type 1 diabetes
Years ago I put out lists of criteria for different life insurance impairments, lists that were designed as a template, as guidelines for what it takes to get approved by the more progressive impaired risk life insurance companies. What I’ve found is that it...
by Ed Hinerman | May 28, 2013 | AIG, approval, assumptions, cash value, death benefit, guarantee, guaranteed level premium, illustration, insurance, life insurance, whole life
I’ve been working through a tricky underwriting case with a client. He was initially declined by a few companies and then approved by American General at their highest rating. Not best rate, but highest, as in table 8. It was at this point that he called me. In...
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