My name is Ed Hinerman and I’m an independent life insurance agent specializing in impaired risk cases. I’m successful beyond any goal I could have imagined 14 years ago when I called up Banner Life Insurance and asked their chief underwriter to recommend a general agent. He asked what state I was in and I […]
Below is a spreed sheet showing AG 38 Transition Dates.
Three methods of using living benefits: 1) Most carriers offer a terminal illness rider which is built into their contracts usually at no charge. This allows access to the death benefit for the insured if they are diagnosed with a terminal condition and are expected to die within 6-24 months. Nothing new here as carriers have been […]
■■ On September 12, 2012 the National Association of Insurance Commissioners(NAIC) adopted changes to Actuarial Guideline XXXVIII (AG 38).■■ AG 38 governs reserves for universal life products with secondaryguarantees and has been modified multiple times since its initial adoptionin 2003.■■ The most recent revisions were a result of product designs that beganto emerge in 2010 […]
There’s never been a better time to talk with your clients about Life. 52 million Americans earn between $50k and $250k each year, yet have no life insurance. Another 28 million believe they do not have enough.* Genworth has published a consumer-friendly Let’s Talk publication that highlights the ways real-life people use life insurance […]