Accidental Life? AD&D

[Klutch]

What companies do you use for this? How do they compare via benefits, rates, etc?

 

[BIG one]

Assurity Life has a competitive plan.

 

[FinalExpenseDojo.com]

Mutual of Omaha & Foresters have good plans as well.

Now for comparison, I am not aware of any quote engines for Accidental. Just use a carrier that you're familiar with.

 

[William McGuire]

Anybody have any advice the best lead sources

 

[DHK]

Sure. Nearly every non-insurable prospect for traditional life insurance - as long as they don't have HIV (usually that's a qualifying question, even though this is an AD&D policy).

Keep in mind that this coverage is CHEAP and probably not worth your time to pursue except as an additional add-on sale.

 

[jemelton]

Not worth your time and people will be furious when they forget it only covers accidental death

 

[FinalExpenseDojo.com]

I haven't sold much accidental but the ones I have sold were with the ROP rider included. That way if they don't die they get all their money back.

Nice selling feature ... plus it about doubles premiums.

 

[WinoBlues]

Seems like I remember that Nic West sold like a gazillion AD&D policies. NinjaNic

 

[InsuranceIsLife]

Of course you can get AD with HIV guaranteed with Mutual of Omaha as well as the ROP option he's referring too. Even traditional life ins carriers are offering coverage to those with HIV. At least ANICO and Prudential . Table H w/ a flat extra of $2.50 yikes!

 

[10X]

Not worth your time and people will be furious when they forget it only covers accidental death

If you sell it right, they won't forget that it is accidental death insurance.

For people who are really sick or really overweight, it is their only option.

Also, accidental death is the #1 cause of death up to age 45. It's worth discussing with a client if there budget is tight. It's a good way to get a client and then follow up with them later for a guaranteed payout plan.