50 Year Old - No Bank Account

[germanwine1]

What do you think? Would you quote a prospective client who I suspect has no bank account. Is there any company that will write a policy on anyone without a bank account?

Client is a 50 year old non-smoking male with diabetes/hbp takes oral medication for it. No other health issues.

Just asking because I think I'm going to run into this situation again and wanted to know if it was worth my time and trouble.

 

[gordon112]

What do you think? Would you quote a prospective client who I suspect has no bank account. Is there any company that will write a policy on anyone without a bank account?

Client is a 50 year old non-smoking male with diabetes/hbp takes oral medication for it. No other health issues.

Just asking because I think I'm going to run into this situation again and wanted to know if it was worth my time and trouble.

Settlers comes to mind, they do direct billing on a monthly basis.

Just don't send them direct billing business though as they tend to drop off a lot more then automatic.

 

[germanwine1]

So if the company direct bills the insured how would they make the payment with no bank account - would it be cashiers check or a money order.

Is there some other form of payment they insurer will take.

 

[rousemark]

So if the company direct bills the insured how would they make the payment with no bank account - would it be cashiers check or a money order.

Is there some other form of payment they insurer will take.

SNL will accept direct monthly billing and will also take credit and debit cards. on dirct biiling the co sends a bill and the insured mails a mo or cashier's check

 

[germanwine1]

Thanks Rouse - do you know of any other companies that do direct billing.

 

[WinoBlues]

Thanks Rouse - do you know of any other companies that do direct billing.

United Home Life and Liberty Bankers. I second Louis on SNL

 

[Cornelius]

Quote annual and if they want a monthly tell them to get an account. If it's a trust thing with banks just have them make sure they have enough to cover the premium amount in the account and they can kep on doing what they are doing..

 

[profithuner]

SNL will accept direct monthly billing and will also take credit and debit cards. on dirct biiling the co sends a bill and the insured mails a mo or cashier's check

What company is SNL?

 

[Jerard]

What company is SNL?

Security National Life

 

[profithuner]

Security National Life

Thank you very much!