by Ed Hinerman | Jun 3, 2010 | insurance, life insurance, mortality risk
Life insurance rate classes are generally the determining factor in what your premium will be for a given amount of insurance. Plug in your age and the cost per thousand for, say, a standard plus rate class and there it is. While what they are called may vary from...
by Ed Hinerman | Jun 2, 2010 | Anxiety, Depression, insurance, life insurance
Without going into a lot of detail because this blog really isn’t about me, let me say that I am in the midst of coming to grips with some long term depression issues that I have just kept at bay for the last 15 or so years. Because it’s on my mind I...
by Ed Hinerman | Apr 20, 2010 | bipolar, bipolar disorder, insurance, life insurance
I was just doing a double check on underwriting results today and decided to compare how we’ve done in placing policies with clients who have bipolar disorder versus those who have a history of an eating disorder. Now remember we’re talking about life...
by Ed Hinerman | Mar 5, 2010 | insurance, life insurance, mortality, mortality risk
If there is a common thread through the whole life insurance application/underwriting experience, it’s that those applying tend to underplay their mortality while feeling like underwriters really overplay the whole mortality thing. Life insurance pricing and...
by Ed Hinerman | Jan 16, 2010 | heart attack, insurance, life insurance
Part of the life insurance business is helping clients understand that companies weigh the mortality risk of each client, and the higher the risk, the higher the premium. I’m often asked by, say, someone who has experienced a heart attack, why the insurance...
by Ed Hinerman | Dec 14, 2009 | gastric bypass, insurance, life insurance
The standard guideline for life insurance underwriting of gastric bypass surgery has generally been two years out from surgery and one year of weight stability. In other words most companies don’t really want to participate in your mortality post surgery,...
by Ed Hinerman | Nov 30, 2009 | insurance, life insurance, obesity
Like smoking, another issue that gets a lot of interest in life insurance but very little follow through, is weight. I’ve offered several posts concerning companies that will underwrite obesity at fair rates. I’ve also mentioned frequently that what is...
by Ed Hinerman | Oct 30, 2009 | insurance, life insurance, obesity
There is a common misconception, especially among those who have pretty extreme weight issues, that life insurance simply isn’t available. With most, but not all, companies they would be right. Obesity carries with it a lot of mortality baggage that most...
by Ed Hinerman | Oct 27, 2009 | cancer, insurance, life insurance
My Dad died just over a year ago after a two year battle with bladder cancer. I say battle, but he was really in good health (other than the cancer) and good spirits right up to the last few weeks. He was 86 and led an amazingly full, blessed life. When a parent dies...
by Ed Hinerman | Sep 24, 2009 | insurance, life insurance, prostate cancer
I heard through another agent this morning about a 68 year old client of theirs who was declined by Banner Life due to his PSA increasing from 2.1 to 3.1 over the last 15 months. It must be really dark where that underwriter keeps their head. If the client was young...
by Ed Hinerman | Sep 23, 2009 | insurance, life insurance
Ok, so it’s a “what if”, but there’s a lot of folks out there who won’t see the end of the day. Nothing shocking about that. A lot of those deaths will be expected and a lot of them, well, I guess there will be something shocking about...
by Ed Hinerman | Sep 22, 2009 | insurance, life insurance, liver functions
An extremely common cause for the derailment of a life insurance application is an elevated liver function test (LFT) on the life insurance labs. This can result in an unexpected (and unwanted) butt kicking when you had no idea that there was anything going on. To...
by Ed Hinerman | Sep 21, 2009 | diabetes, insurance, life insurance, Type 1 diabetes
Back in mid July I started working on a life insurance case for a young man with type 1 diabetes. He had already discovered how easy it is to find a company to decline him, but the picture he painted was not one that led to a logical decline. He had the same strikes...
by Ed Hinerman | Jul 30, 2009 | insurance, life insurance, multiple sclerosis
Other than writing across the top of your life insurance application, “Please decline this application”, I can’t think of a surer way to get declined than to decide to blow off your doctor’s advice and substitute your own without ever...
by Ed Hinerman | Jun 25, 2009 | cancer, heart attack, insurance, life insurance, mortality
Life insurance is, always has been and always will be, about offsetting those financial losses that come with premature death. The problem that most people have with the concept is, that in spite of all of the evidence to the contrary, they seem to have a hard time...
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