American Income Life question??

[Life Hawk]

I ran into a 25 yr old female who is on disability due to schizophrenia and bi-polar issues.

She said American Income office wrote a $100K policy on her and her kids, 20 yr term for $30 monthly.

Can this in anyway be true???

Just doesn't seem true but wanted to defer to more informed minds.

 

[WinoBlues]

I ran into a 25 yr old female who is on disability due to schizophrenia and bi-polar issues.

She said American Income office wrote a $100K policy on her and her kids, 20 yr term for $30 monthly.

Can this in anyway be true???

Just doesn't seem true but wanted to defer to more informed minds.

I have not seen one of their apps in a long time. However, being that they are American Income I would check if a bunch or all of the $100,000 wasn't ADB. Or clean sheeted.

 

[tribetime32]

100% it was clean sheeted.

 

[WinoBlues]

Does the Union or the business agents get a kickback on providing their members a lead?

 

[tribetime32]

AIL has reps that go and market to unions to create leads. They get paid per lead generated. They have a meeting with the union and hand out their free accidental cards and whatever gets filled out and sent is a lead. I feel bad for those members!

 

[BarryNY]

AIL has reps that go and market to unions to create leads. They get paid per lead generated. They have a meeting with the union and hand out their free accidental cards and whatever gets filled out and sent is a lead. I feel bad for those members!

Close...but not quite 100%. AIL has "marketers" that work with unions/associations to try to get them to agree to have AIL provide some "no cost benefits" to their membership. Those "no cost benefits" truly have very little cost LOL...it's a ploy to have the member fill out a response card in order to get those benefits delivered to their house...via an AIL agent.

The benefits include an AD&D certificate for $3-$4k, a child safe kit, a dental/drug/eye discount program for $6/yr and a family info guide which is the lead in for the "needs analysis". The response card says an AIL agent will be making the app't to deliver their benefits and "offer additional benefits if they qualify"...LOL again...

I just hate the bait and switch approach to offering FE insurance.

 

[rousemark]

Close...but not quite 100%. AIL has "marketers" that work with unions/associations to try to get them to agree to have AIL provide some "no cost benefits" to their membership. Those "no cost benefits" truly have very little cost LOL...it's a ploy to have the member fill out a response card in order to get those benefits delivered to their house...via an AIL agent.

The benefits include an AD&D certificate for $3-$4k, a child safe kit, a dental/drug/eye discount program for $6/yr and a family info guide which is the lead in for the "needs analysis". The response card says an AIL agent will be making the app't to deliver their benefits and "offer additional benefits if they qualify"...LOL again...

I just hate the bait and switch approach to offering FE insurance.

Well, with the disclosure you just mentioned, it is really not "bait and switch" .. Sounds as if they are up front with their intentions.

 

[tribetime32]

I worked at AIL and they gave us a letter that their union president "signed off on" to show the clients. We were taught to use that as their endorsement to buy the insurance... although they would deny that vehemently

 

[rousemark]

I worked at AIL and they gave us a letter that their union president "signed off on" to show the clients. We were taught to use that as their endorsement to buy the insurance... although they would deny that vehemently

The union president would deny it was his endorsement or AIL would deny they trained you to use it in that manner?

 

[tribetime32]

AIL would deny that was a selling tactic. We were trained to flash their name and signature and not really read the letter.