Ed Hinerman on Life insuranceEd Hinerman on Life insuranceEverything you need to know about life insurance Articles
So You?re A Dead Businessowner! Now What?
2010-10-27 01:06:00 You don’t care because you’re dead, right? OK. What if you had to stick around in the rafters and watch and listen to what happens if you didn’t plan for this event. Is your family going to realize a gain from all the years you put in building the business? Is your partner going to ...Post from: Ed Hinerman On Life InsuranceSo You’re A Dead Businessowner! Now What?
OK AIG, Did You Or Didn?t You Tell Us?
2010-10-26 01:11:00 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 help a client convert a portion of his ...Post from: Ed Hinerman On Life InsuranceOK AIG, Did You Or Didn’t You Tell Us?
Mild Sleep Apnea Draws Best Rate Class!!
2010-10-24 00:14:00 It wasn’t all that long ago that life insurance underwriters would automatically table rate any sleep apnea, obviously having a problem wrapping their minds around the fact that the client would quit breathing several, if not a lot of times every night. The real problem of course is that, especially in more severe cases, the ...Post from: Ed Hinerman On Life InsuranceMild Sleep Apnea Draws Best Rate Class !! More About: Sleep Apnea
Am I Saying You?re A Bad Risk?
2010-10-21 01:13:00 I’ve been specializing in “impaired risk” life insurance cases for the past 13 years and often find that people are confused about the term. They can get their mind wrapped around the idea that they have an impairment, but when you add the word risk the mind kind of automatically adds in the word bad, ...Post from: Ed Hinerman On Life InsuranceAm I Saying You’re A Bad Risk ?
West Coast Life. Then and Now!!
2010-10-20 00:40:00 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 agent only material on your consumer website and misrepresentation of the company”. Greg ...Post from: Ed Hinerman On Life InsuranceWest Coast Life. Then and Now!!
American General Walking On Thin Ice!
2010-10-16 02:47:00 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 asked the ...Post from: Ed Hinerman On Life InsuranceAmerican General Walking On Thin Ice!
What?s The Catch With No Exam Life Insurance?
2010-10-14 22:45:00 If you can get life insurance without taking an exam, called simplified issue insurance, without donating blood and urine and blocking out 20-30 minutes of your time, why would anyone buy a traditional term life insurance policy that requires an exam? Seems like a question about two products on a level playing field, and most ...Post from: Ed Hinerman On Life Insurance What’s The Catch With No Exam Life Insurance ?
Can You Wrap Your Mind Around How Dumb This Is?
2010-10-13 21:17:00 In a post some years ago I was talking about underwriting of mild mood disorders and made a flip comment that it seemed about time that underwriters take another look since most of America and likely most of them were on Prozac or Zoloft or Wellbutrin. Well, I’m not always as effective as I hope ...Post from: Ed Hinerman On Life InsuranceCan You Wrap Your Mind Around How Dumb This Is?
Should You Use A Fee Based Or A Fee Only Financial Planner?
2010-10-12 23:49:00 Whether fee based or fee only, a financial planner doesn’t just give you a plan. They actually follow through and make sure all of the parts are in place. The question often comes up about if it can be done less expensively and the honest answer is yes……but, hold that thought. So I don’t get ...Post from: Ed Hinerman On Life InsuranceShould You Use A Fee Based Or A Fee Only Financial Planner?
Did Your Life Insurance Agent Graduate Kindergarten?
2010-10-12 22:09:00 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 ...Post from: Ed Hinerman On Life Insurance Did Your Life Insurance Agent Graduate Kindergarten?
If Today Was The Day!
2009-09-23 18:52:00 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 them. So, if you woke up this morning ...Post from: Ed Hinerman On Life InsuranceIf Today Was The Day!
When Your Own Insurance Company Thinks You?re Too Fat!
2009-09-22 23:48:00 I had a client just recently who works for State Farm as a claims adjuster and was declined for life insurance by to them due to his obesity. He’s 6′1, 415 pounds. I shouldn’t get down on State Farm over this since by most life insurance company underwriting guidelines he has stretched well past the breaking ...Post from: Ed Hinerman On Life Insurance When Your Own Insurance Company Thinks You’re Too Fat!
Who Would Have Ever Guessed Your Liver And Your Butt Were Linked Medically?
2009-09-22 18:57:00 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 make matters worse, that butt kicking may not have ...Post from: Ed Hinerman On Life InsuranceWho Would Have Ever Guessed Your Liver And Your Butt Were Linked Medically?
When Life Insurance Just Doesn?t Make Sense Anymore!
2009-09-21 23:49:00 “In the beginning there came responsibilities and with that came the need for life insurance.” I get asked all the time when a person is old enough that they should seriously consider life insurance as part of their financial plan and the answer is clear, when you have responsibilities that would fall on someone else ...Post from: Ed Hinerman On Life Insurance When Life Insurance Just Doesn’t Make Sense Anymore!
Compliance And Control Wins The Day With Type 1 Diabetes!
2009-09-21 16:56:00 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 against him ...Post from: Ed Hinerman On Life InsuranceCompliance And Control Wins The Day With Type 1 Diabetes !
What Are You Trying To Say?
2009-09-14 21:19:00 I am currently working with a client who, when we got his labs back, was staring at an A1c of 10.9 and a microalbumin of 6.0. This, by the way is an instant decline since he was obviously has undiagnosed type 2 diabetes. So what exactly does an A1c mean? Just how out of whack does ...Post from: Ed Hinerman On Life InsuranceWhat Are You Trying To Say?
What Are The Chances?
2009-09-11 18:33:00 If only we knew! If only we knew when our health was going to change from good to bad we could buy life insurance at the optimal time. If only we knew when we were going to die we could pay out as little as possible on life insurance with the maximum return to our ...Post from: Ed Hinerman On Life InsuranceWhat Are The Chances ?
Sometimes Bait And Switch Should Be Obvious!
2009-09-11 00:06:00 I called a client of mine the other day because not too long after I had done an annual review of his term life insurance coverage I received a notice that he had applied with another company and was considering replacing the policy he had through me. Now I really don’t like losing clients and frankly ...Post from: Ed Hinerman On Life InsuranceSometimes Bait And Switch Should Be Obvious !
Even Politicians Think It?s Wrong!!
2009-09-09 16:09:00 I just came across a Huffington Post article written by someone running for office who just discovered that life settlements didn’t go away in the 1980’s. She was mortified to learn that their city retirement investment pool included what she called “death bonds”. She would probably be even more mortified to know that life settlements ...Post from: Ed Hinerman On Life InsuranceEven Politicians Think It’s Wrong !! More About: New York Times
This Really Ought To Be Against The Law!
2009-09-09 15:52:00 I can rant and rave all day long about the perverse way AARP treats its’ members with their insurance programs, and I do, but that’s just my professional opinion. I recently received a personal opinion from a person whose mother is an owner of one of the AARP/New York Life insurance policies. In his words, “I ...Post from: Ed Hinerman On Life InsuranceThis Really Ought To Be Against The Law!
Get On Board! Know About Your Health!
2008-04-13 00:00:00 I have often written about the surprises that come with life insurance exam results, from the fairly benign slight elevations in cholesterol to the alarming large elevations in PSA results. The surprise should really come as no surprise because the person who gets annual physicals is today, more the exception than the rule. We all have ... More About: Health , Board
Another Brush With The Ultra Fast CT Scan!
2008-04-10 00:00:00 In a post some months ago I was sharing some of my new found knowledge about ultra fast CT scans and their viability and dependability in detecting clogged arteries in the heart. Just to refresh a bit, the ultra fast CT scan hangs it’s hat on the ability to detect calcification in the veins and ... More About: Ultra , Brush , Fast , Scan
What Matters More, Commission Or A Customer With Insurance?
2008-04-09 00:00:00 I?ve mentioned before that there is a problem in the life insurance business. Pure and simple, it?s greed. Agents are so protective of a potential sale that they will actually tell a customer they are uninsurable, rather than admit they are the wrong agent for the job and lead them in the right direction. This ... More About: Insurance , Customer , Commission , Matters
Where?s The Beef??
2008-04-08 00:00:00 My vote for the biggest rub in life insurance underwriting is weight. Easily the most disgruntled life insurance client is when they are told that their insurance is going to cost more because they guessed their weight wrong, or they weren?t really 6?2, but 6?1 1/2 (which examiners round down, not up). Insurance companies have build ... More About: Beef
News Flash! Smoking Hurts Your Life Insurance Rates!
2008-04-08 00:00:00 People act shocked and amazed when they find out they don?t get those life insurance rates advertised everywhere. I think somewhere inside they knew it would happen because those are non smoking rates and they smoke. And all that flashed fine print on the insurance ads can hardly be seen through the smoke. Surely ... More About: News , Life , Flash , Insurance , Smoking
Mood Disorders And The Road To Affordable Life Insurance!
2008-04-04 00:00:00 40 years ago it was a rare thing to hear of someone who was on medication for depression. Of course back then people really didn?t talk about ?those kind? of problems very openly. Treatment options were generally restricted to visiting a psychologist, therapist, or psychiatrist. Now conditions such as depression, bipolar disorder and anxiety are talked ... More About: Life , Insurance , Life Insurance , Road , Disorders
Trust Me! I?m A Doctor!
2008-04-04 00:00:00 How can you charge so much money for the education it takes to become a doctor and never teach them about the impact of poorly kept medical records? There is a huge problem in the integrity of the information that is put into medical records. It runs from casually putting irrelevant information in the records ... More About: Trust , Doctor
Life Insurance And Alcohol Or Drug Abuse!
2008-04-03 00:00:00 If you want to get a life insurance underwriter?s attention, talk about your history of alcohol or drug abuse. Tell them about your DUI or history of DUI?s. A good independent agent is going to ask about any history of alcohol abuse, treatment for alcohol or drug abuse and any dui?s you may have had. ... More About: Life , Abuse , Insurance , Alcohol , Life Insurance
If You Only Took Seriously What You Know To Be True!
2008-04-02 00:00:00 Last year it was all the students and teachers killed on the Virginia Tech campus. Before that, Columbine High in Denver. What about 9/11? Things like that are just so hard to fathom. Who among us hasn?t received an email or a phone call telling us how a common friend and in some cases, whole families, ... More About: True
Another Bipolar Success Story!
More articles from this author:2008-03-30 00:00:00 You think I get excited about this stuff. You should talk to the people who have been battling the bipolar/life insurance battle for years and getting their rears kicked by insurance companies. They keep getting told that they are bipolar, therefore they are uninsurable. That may be true in some cases, but we’re finding that ... More About: Story , Success , Success Story , Bipolar 1, 2, 3, 4, 5, 6, 7 |
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