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War Zone Life Insurance Buyer Beware!!

War Zone Life Insurance Buyer Beware!!

I only bring this up because a former client of mine, convinced that I had misinformed him, dropped his Lloyds of London Accidental Death and Dismemberment insurance covering him for all acts of war and terrorism. He works as technical support in a forward operating base in Afghanistan and was paying something in the $200 a month range for $500,000 worth of coverage. His wife did her due diligence...
The State Of The State Of US Life Insurance For Foreign Nationals!

The State Of The State Of US Life Insurance For Foreign Nationals!

Let’s start easy because I can tell you that the other end of the spectrum has gotten a lot more difficult and if we don’t have to go there, well, that will be to your benefit. From past posts you know that business life insurance such as key person, business loan collateral and buy/sell funding can be written domestically and internationally as long as there is some tie to the US. Whe...
Life Insurance Claims Reality!

Life Insurance Claims Reality!

Life insurance claims that occur within the incontestability period of policy are a beneficiary test of patience at best, and at worst leaves beneficiaries struggling both financially and emotionally. One of the things I’ll never understand is that there seems to be a habit  for some claims departments to allude, very early on in the process, that because the claim is contestable, the benef...
Where Is The Risk In Cured Diseases?

Where Is The Risk In Cured Diseases?

Recent medical breakthroughs have brought a cure for Hepatitis C, not remission but cure. This comes just as life insurance companies are finally trying to wrap their minds around the fact that well controlled HIV and well controlled type one diabetes are no longer the killers they once were. And now there are whispers of a cure for HIV on the horizon. If something is cured that means that it isn&...
Now or Never Life Insurance!

Now or Never Life Insurance!

Sounds a bit like a sales close doesn’t it? But this is coming from the buyer, not the life insurance agent. It happens more than you might think with business life insurance where a loan that needs life insurance collateral is needed now, not later. If it isn’t acquired now, the opportunity for a loan, a new business, an important acquisition or a strategic business move might be miss...
Acts Of War Or Terrorism Life Insurance!

Acts Of War Or Terrorism Life Insurance!

I don’t like to play on people’s fears when helping with life insurance, but let’s be practical. If you are a missionary, business person or civilian contractor with ties to the US and you’re working in areas of the world where bad people are playing the wreaking havoc game and being American targets gets them the most points, life insurance that speaks directly to acts of...
United Healthcare Bails On Obama!

United Healthcare Bails On Obama!

United Healthcare announced yesterday that, from an insurance company perspective, Obamacare isn’t going to be in their long term planning. Of course at this point, depending on next year’s election, it may not be on anyone’s long term planning. What do you do with that kind of information? There is a substantial percentage of those eligible for ACA that have chosen to take care...
Fool me once!!!

Fool me once!!!

For those wanting to purchase accidental death policies through Hinerman Group life insurance and Risk Life, well, it just got a little tougher thanks to a client who lied to me about her and her husband’s scuba diving activities. I got a call in March from a lady on St Croix asking about scuba diving accidental death coverage. After going through all of the usual questions about certificati...
Over Age 60 Life Insurance Buyer Beware!

Over Age 60 Life Insurance Buyer Beware!

Life insurance myth or fact? Are those of us over age 60 really stuck with old people life insurance products like what is represented as appropriate for our age by AARP/New York Life? Is it that we had our chance at traditional life insurance and as soon as the AARP cards started coming in the mail, we weren’t really a good fit for companies like Prudential, Lincoln National or American Gen...
Breathing New Life Into Missionary Life Insurance!

Breathing New Life Into Missionary Life Insurance!

We get that life insurance companies aren’t really against Christians and we understand that’s not why they are so wary about underwriting missionaries. The underwriting truth with traditional life insurance companies is that Christians are persecuted all over the world and in some parts of the world that persecution can lead to an untimely death. They will decline to offer coverage. M...
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