80 Year Old with Recent Kidney Removal

[Lakewood livin]

80 year old male who had his kidney replaced two months ago due to cancer and has been given a 5 year life expectancy. he would like to see if he can get a FE policy. Is there a company out there for him or is it hopeless. He is back home and pretty much back to his normal daily activities.

 

[Rearden]

Vantis Life...............

 

[Lakewood livin]

^^^Is there someone here that does the contracting with them?

 

[GreenSky]

^^^Is there someone here that does the contracting with them?

Here's where I got my contract: Kansas Life, Insurance Agency Inc

I was concerned about a contract provision added by a marketer on this forum that was added to his "offer."

The above did not ask to have all my business subject to his "grabbing" if there was a chargeback over 30 days old.

Rick

 

[TDFnCali]

80 year old male who had his kidney replaced two months ago due to cancer and has been given a 5 year life expectancy. he would like to see if he can get a FE policy. Is there a company out there for him or is it hopeless. He is back home and pretty much back to his normal daily activities.

Better hurry, if he turns 81, Vantis is out!!

 

[jdeasy]

Here's where I got my contract: Kansas Life, Insurance Agency Inc

I was concerned about a contract provision added by a marketer on this forum that was added to his "offer."

The above did not ask to have all my business subject to his "grabbing" if there was a chargeback over 30 days old.

Rick

What is this "grabbing" that you reference?

 

[GreenSky]

What is this "grabbing" that you reference?

Here's the thread from last year:

http://www.insurance-forums.net/for...-discussions/read-before-you-sign-t42719.html

Rick

 

[tins]

Here's the thread from last year:

http://www.insurance-forums.net/for...-discussions/read-before-you-sign-t42719.html

Rick

Is that clause in every fexcontracting contract?

 

[Newby]

Is that clause in every fexcontracting contract?

That is a clause that Brad added to his contracts when he took on Vantis due to the enormous agent liability of 2-year chargebacks even if they went as-earned. It's a standard clause that many FMOs use if you check around. It's not the big deal that Rick is making it to be BUT I will talk to Brad about removing it today. It's a pretty worthless clause anyway because no competing FMO would assign commissions to another FMO.

Our stance is this. We are building a company that is the most agent-friendly final expense focused FMO in the industry. There will be no other option that gives you a more attractive selection of companies, higher commissions, REAL training by successful agents that make 6-figures year after year selling FE, and we are open to any positive input from agents of things they do and/or don't want in their ideal FMO.

What we can NOT tolerate since we work on a reduced spread (compared to FMOs that start agents at 80 or 90% contracts) is to forgive agent debt. We want to attract and develop professional agents that run a profitable business. Unfortunately the deadbeats cost ALL of us time and money. Our goal is to weed them out quickly and pass them on to Rick (not really.)

Thank you Rick for pointing this out.

 

[xrac]

That is a clause that Brad added to his contracts when he took on Vantis due to the enormous agent liability of 2-year chargebacks even if they went as-earned. It's a standard clause that many FMOs use if you check around. It's not the big deal that Rick is making it to be BUT I will talk to Brad about removing it today. It's a pretty worthless clause anyway because no competing FMO would assign commissions to another FMO.

Our stance is this. We are building a company that is the most agent-friendly final expense focused FMO in the industry. There will be no other option that gives you a more attractive selection of companies, higher commissions, REAL training by successful agents that make 6-figures year after year selling FE, and we are open to any positive input from agents of things they do and/or don't want in their ideal FMO.

What we can NOT tolerate since we work on a reduced spread (compared to FMOs that start agents at 80 or 90% contracts) is to forgive agent debt. We want to attract and develop professional agents that run a profitable business. Unfortunately the deadbeats cost ALL of us time and money. Our goal is to weed them out quickly and pass them on to Rick (not really.)

Thank you Rick for pointing this out.

If you are as earned I would assume that this is a non issue except with Vantis policies?