- 1,819
Kskj isn't a policy. I hope all are making sure you are baptizing your clients as well.
AARP unisex whole life
- Thread starter nfl72
- Start date
- 16,887
Fraternals are not the same as group.
- Thread starter
- #13
- 5,778
In a case like this, just ask the client to call their AARP "Agent" up and ask them for themselves... "Now Mildred, what was the name of your agent with AARP?"
- Thread starter
- #15
I first met him about 2 months ago when he had the AARP term life policy along with a Liberty A/D policy. when I explained what he had, he definitely wanted to replace the term. He did have a spiritual advisor that he needed to consult with first, and would not close.
I stayed in contact with him and he drug his feet. Then he told me Liberty mutual gave him a discount on a whole life policy because he already had the A/D policy. The price he told me was $35 per month. Which was $15 per month cheaper than KSKJ. He agreed to show me the policy when it came in. I met with him last Thursday. It was a new whole life policy with AARP, not Liberty.
He lives in an apartment complex where over the past 2 months I have sold 7 policies and he knows every single one of the buyers. Some FE buyers are almost just too dumb to try and help. Your just wasting your time. While I have been dicking with him I could have written three others.
I stayed in contact with him and he drug his feet. Then he told me Liberty mutual gave him a discount on a whole life policy because he already had the A/D policy. The price he told me was $35 per month. Which was $15 per month cheaper than KSKJ. He agreed to show me the policy when it came in. I met with him last Thursday. It was a new whole life policy with AARP, not Liberty.
He lives in an apartment complex where over the past 2 months I have sold 7 policies and he knows every single one of the buyers. Some FE buyers are almost just too dumb to try and help. Your just wasting your time. While I have been dicking with him I could have written three others.
Of course it is. The writing in an aarp cert is the same verbiage that’s used on other certificates by the carriers I listed. When you sign up for a plan through fraternal organizations you are part of the group and get the group benefits and rates.
@rousemark, you’re one of the most experienced and knowledgeable guys here, what’s th facts here?
Why is he dumb for keeping his aarp policy that’s 15 dollars cheaper for whole life?
Both are certificates both whole life but ones cheaper. Isn’t that what most of us do, push the price buster?
A fraternal certificate is not the same as a group policy.
- 1,819
Most agents are explaining the difference between a fraternal and a insurance policy
Fraternal benefit society insurance benefits are legally required to be assessable. In the event that a society’s claims paying ability becomes impaired, the members may be required to pay their proportional share of the deficiency. This is in keeping with the longstanding traditional status of fraternal benefit societies as charitable and benevolent organizations, as to which the members are both recipients of and providers of mutual benefits among the membership as a whole.
Every specific fact situation is different of course, but please be aware that the Bureau of Insurance considers it essential for licensed producers to provide at least the basic level of information that allows consumers to make informed choices. While it is not possible for this letter to itemize every aspect in which fraternal benefit societies differ from commercial insurers, the list above should serve to provide you with some important information that you can use to inform your clients and, frankly, help avoid claims that consumers received misleading information.
Fraternal benefit society insurance benefits are legally required to be assessable. In the event that a society’s claims paying ability becomes impaired, the members may be required to pay their proportional share of the deficiency. This is in keeping with the longstanding traditional status of fraternal benefit societies as charitable and benevolent organizations, as to which the members are both recipients of and providers of mutual benefits among the membership as a whole.
Every specific fact situation is different of course, but please be aware that the Bureau of Insurance considers it essential for licensed producers to provide at least the basic level of information that allows consumers to make informed choices. While it is not possible for this letter to itemize every aspect in which fraternal benefit societies differ from commercial insurers, the list above should serve to provide you with some important information that you can use to inform your clients and, frankly, help avoid claims that consumers received misleading information.
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- Thread starter
- #20
His payment is not what he stated. He is paying over $50 per month. From one day to the next, he doesn't know what company he is with or how much he is even paying.
He thinks he is paying $35 per month with Liberty. In reality, he is paying $51 per month with AARP. The same company he is pissed off at because they sold him term two years ago. You can't fix stupid.
He thinks he is paying $35 per month with Liberty. In reality, he is paying $51 per month with AARP. The same company he is pissed off at because they sold him term two years ago. You can't fix stupid.
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