Ed Hinerman on Life insurance

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I’ve Beat This Drum Before…..Whole Life Stinks!
2008-03-08 00:00:00
I’ve heard every possible pitch as to why whole life insurance is a good idea. Did you know that we might not have Disney World if it weren’t for whole life insurance? I’ve said so many times that whole life insurance used to be the only way to have permanent insurance. Today it is the WORST ...
More About: Life , Drum , Beat

Just Another Reason You Might Need Life Insurance!
2008-03-08 00:00:00
You and the family go out for a drive. Do you really know what will happen? Bottom line. Sometimes our days, our lives, don’t turn out the way we plan!
More About: Life , Insurance , Life Insurance , Reason

Let The Games Begin!
2008-03-08 00:00:00
However the elections shake out, congress and the new president will be dealing with the estate tax issue over the next year. Already a myriad of options have been thrown into the hopper. Amost no one and none of the proposals point to the elimination of the federal estate tax. The good news in all of ...
More About: Games

10 Tips For Making The Right Life Insurance Decisions!
2008-03-06 00:00:00
I was asked by my pastor to offer my thoughts on life insurance to the people attending the Dave Ramsey Financial Peace University seminar at our church. Anyone who’s read my blogs knows that I am huge on leaving money in people’s pockets. Dave Ramsey is all about using any extra money to pay off ...
More About: Life , Insurance , Tips , Life Insurance , Decisions

Is The All In One Insurance Agent The Way To Go?
2008-03-06 00:00:00
I understand comfort zones, local allegiance, friends who sell insurance and all of that, but is having all of your insurance needs handled by one person a prudent idea? I have my auto and homeowner’s insurance with a local Farmer’s Insurance agent. A great guy, Tim has always been there with the expertise and frankly the ...
More About: Agent

New AIG International Travel Insurance Fills A Gap!
2008-03-06 00:00:00
You may have seen it advertised in magazines and on television. $1,000,000 accidental death travel insurance. It’s quick and easy and it is a guaranteed issue product. It’s very affordable. It’s not the answer for all of those who are taking jobs in war zones as “acts of war” is one of the few exclusions. It ...
More About: International , Travel , Insurance , Travel Insurance

Diabetes Underwriting Still Favors Diabetic Life Insurance Customers!
2008-03-06 00:00:00
There’s really never been bad news when it comes to life insurance underwriting of type 2 diabetes. Would people with diabetes like to pay less for life insurance? Of course they would, which puts them in the same boat with all of us who don’t have diabetes. Are they paying too much? You know, I would ...
More About: Life , Insurance , Customers , Life Insurance , Diabetes

Prostate Cancer Still Getting Good News From Life Insurers!
2008-02-29 00:00:00
I’ve been told that all guys will get prostate cancer to some degree if they live to a moderately old age. The good news that, for many, it will have little or no impact on their lives or their mortality. Prostate cancer that is slow growing, that is to say a low stage and grade, is ...
More About: News , Life , Cancer , Good News , Prostate Cancer

Clever Lawyers Don’t Impress Life Insurance Underwriters!
2008-02-28 00:00:00
When is DUI not a DUI? Trick question? Well, of course it is. The answer is never even if your attorney was able to plea bargain your DUI by having you plead no contest to DWS, driving while stupid. Clients will, and honestly in their mind, answer no to the question of having been charged with ...
More About: Life , Insurance , Lawyers , Life Insurance , Clever

Five Criteria For Affordable Life Insurance If You Have Bipolar Disorder!
2008-02-27 00:00:00
Let me just reiterate from previous posts that if you have bipolar disorder, you can expect for almost all life insurance companies to decline you. They don’t care to what degree the disorder impacts your life. They put the completely functional CEO of a company in the same boat as the person who is on ...
More About: Life , Insurance , Life Insurance , Bipolar , Bipolar Disorder

Why Term Insurance?
2008-02-26 00:00:00
I field a high number of calls asking about whether people should buy term insurance, universal life or whole life, and in some cases they will have heard of, and ask about return of premium term insurance. Now is not the time to hold back my feelings on this, so I am going to lay out ...
More About: Insurance , Term

You Just Have To Love Doctors…..Not!!
2008-02-26 00:00:00
I have frequently been dismayed by how doctors don’t share information with their patients. They seem to have some 7th sense that lets them know whether a patient will be able to understand the information, so it goes in their records and comes back to bite them in the rear years later when a life ...
More About: Doctors , Love

There Is A Difference!
2008-02-26 00:00:00
I just spent the last week working with a gentleman who had applied for life insurance through Selectquote and was approved, but wanted a second opinion on what products were available to him. Over the course of a week I presented multiple options to accomplish what he thought he wanted to do, something he said Selectquote ...
More About: Difference

The No Policyowner Left Behind Act!!
2008-02-22 00:00:00
I was reading an aricle in a trade publication today concerning orphan life insurance policyholders. No, this isn’t some group of lost children’s life insurance clients. An orphan, in the industry sense, is a client whose agent has moved, died, or more likely taken all too common route today of treating a sale as a ...
More About: Left

Will Wonders Never Cease? Return Of Premium Term Insurance In New York!
2008-02-22 00:00:00
I swear, where a year ago I was thinking New York would probably miss this century also, they have now rocked the life insurance world by approving return of premium term insurance for sale. Return of premium has been available in the rest of the country for years, but today ING Reliastar the first ever ROP ...
More About: Insurance , Wonders

Globesity Battle!! It Ain’t Over Til The Obese Lady Sings!
2008-02-21 00:00:00
Whether or not you agree that there is an obesity epidemic, you would have to have on some pretty serious blinders to not see that lifestyle changes over the past 40 years have definitely packed the pounds on the average US citizen, if not the whole world. An article I read today was referring to an ...
More About: Lady , Battle , Obese , Sings

The Truth Is Out! Bipolar Is Not An Automatic Decline For Life Insurance!
2008-02-20 00:00:00
As the word sneaks out a little further each day, I have more and more people contacting me and asking if it’s true. Can they get life insurance at affordable rates even though they have bipolar disorder? I wish I could claim that the answer is unequivocally yes, but that isn’t true for any portion ...
More About: Truth , Life , Insurance , Automatic , Life Insurance

Politics And Life Insurance!
2008-02-19 00:33:00
There are a couple of reasons this upcoming election could have an impact in the life insurance realm. For most of us poor folks you would think that estate taxes wouldn’t be a big issue. I think it’s significant no matter who you are. Just to recap the journey that estate tax law has been on, back in 2000 estate taxes had to be paid on any estate over $600,000. The $600,000 is called an exemption meaning that much of your estate is exempt from taxes and can be passed to your heirs tax free. What was happening was that people were working all of their lives to build up businesses like ranches and farms, and the more successful they were, the more the federal government got when they died. Because there is also a rule that says the taxes have to be paid within nine months, this often creates a fire sale situation where full value is not realized. It was not unusual to see businesses worth $2-$3 million be sold for pennies on the dollar to meet the tax obligation, leaving ...
More About: Politics , Life , Insurance , Life Insurance

Snow As A Stress Test!
2008-02-16 00:00:00
I admit that I am something of a whiner when it comes to cold and snow. I am often asked, if that’s true, why I live in Colorado? The answer lies mostly outside the winter months. Snow has been building up, or at least not going away since late November. A few weeks ago we finally ...
More About: Stress , Test

Diet And Exercise Can Work, Even If You Are The Fattest Person In The World
2008-02-14 00:00:00
OK! Most of us only feel like the fattest person in the world occasionally. And we whine when diet and exercise aren’t producing the results we really want, but are we trying hard enough? There is no arguing that obesity is a problem, but this guy takes the cake and ate it too. Manuel Uribe from ...
More About: World , Diet , Exercise , Work , The World

What Happens To Your Business The Day After You Die?
2008-02-14 00:00:00
Small businesses, the backbone of American employment, often run by the slimmest of margins. I’m not talking about profit margins. I’m referring to the owner or one of the owners being just a heart attack away from leaving their family with the business or a partner trying to figure out how to buy the deceased ...
More About: Business

Busted for Drinking While Eating Meat!
2008-02-14 00:00:00
We’ve often discussed in this forum that one of the most prevalent risk factors associated with obesity is the increased risk of cancer. Scientists are narrowing down some of the worst culprits of obesity and their role in that increased risk. Processed meats win the prize for the worst thing you can do for yourself if ...
More About: Meat , Drinking , Busted , Eating

How Do You Know You’ve Found The Best Life Insurance Value?
2008-02-13 00:00:00
There are so many options to shop for your life insurance needs, each making the claim that they will save you money. Save 70% on your term insurance! Hundreds of companies to choose from! Give us 10 minutes and you could save hundreds of dollars on term life insurance! Shopping for insurance is quick and ...
More About: Life , Insurance , Life Insurance

What? You Forgot Your Magic Wand?
2008-02-13 00:00:00
So, you’ve been told you have hypertension, high blood pressure in layman’s terms. Your doctor said that you need to take medication and change a few lifestyle items, primarily eating right and getting more exercise. If you are like the majority of high blood pressureans, you’ll probably take the medication when you feel like you need ...
More About: Magic , Wand

Life Insurance Foibal Explained!
2008-02-13 00:00:00
From time to time we will have a life insurance application postponed until the client completes a planned medical procedure. Sometimes it is a colonoscopy. Could be a tonsilectomy. The issue here is that if you are going to be medically assailed for just about any reason, the insurance company would prefer to wait until ...
More About: Life , Insurance , Life Insurance

I’ll Never Live That Long……Maybe!
2008-02-13 00:00:00
When I’ve talked to people about universal life insurance products that have guarantees to 120 and longer, I’m often met with a bit of skepticism. People can’t seem to comprehend the idea of living past 100 even though it appears to be a popular past time. My own parents are a good study in this issue. ...
More About: Live , Long

Federal Government Responsible For Obesity Epidemic!!
2008-02-13 00:00:00
Report after report talk about rampant, out of control obesity. MacDonald’s is to blame. Television and video games are to blame. I’m sure there are reports out there that directly blame my mother’s chocolate chip cookies. Somehow I ate them and didn’t get fat, but the rest of the country did and it’s my mom’s ...
More About: Government , Obesity , Epidemic , Federal Government

When Your Life Insurance Agent Quits Calling!
2008-02-10 00:00:00
I was visiting with a person Friday about his experience applying for life insurance through a “mega agency”. He applied last August and ran into an issue with an elevated PSA on his labs. The company postponed the application until he had a urologist’s workup, including a biopsy to rule out prostate cancer. This person complied ...
More About: Life , Agent , Insurance , Life Insurance , Calling

I Found Someone More Ignorant About Life Insurance Than Suze Orman!
2008-02-09 00:00:00
Well, I certainly haven’d hidden the fact that my opinion of Suze Orman’s opinion on all matters life insurance is lower than a lizard’s belly. She is product ignorant and a few bubbles off when it comes to common sense on the subject. Now comes Walter Updegrave who has earned himself the title of Senior Editor ...
More About: Life , Insurance , Life Insurance

Diabetes And Bipolar Have More In Common Than I Thought!
2008-02-08 00:00:00
I have often made the life insurance underwriting comparison between diabetes and bipolar disorder. In simple terms, what is needed to get the best possible rates is compliance with prescribed treatment and good control. The good control is of course different with diabetes control being measured through blood tests, specifically the hbA1c. Good control with bipolar ...
More About: Thought , Diabetes , Common , Bipolar