American National

[wehotex]

Why do these policies often "family bundled" vs just one person? Is there a special rate when they insure the entire family? Is it possible to place the adult with another carrier and keep the kiddies on the AN policy?
About a year ago, I came across a man who was paying high premiums for himself with AN. His freeloading kids were also on the policy and kiboshed the whole deal if the dad wouldn't pay for their policies too. It was one of those families where the kids don't visit the dad unless they need something.

 

[GoCubsGo]

You sure you wanted this in the FINAL EXPENSE section?

 

[HomeService]

You sure you wanted this in the FINAL EXPENSE section?

I'm guessing the OP is talking about debit life, which is very similar to final expense. I have often wondered if we needed a debit section here in this forum, however, it would not get a lot of posts within it, probably.

 

[wehotex]

I'm guessing the OP is talking about debit life, which is very similar to final expense. I have often wondered if we needed a debit section here in this forum, however, it would not get a lot of posts within it, probably.

"Debit life"? What the heck is that? AN typically picks up the premiums in person each month. They are usually higher premiums than the FE products that I market.

 

[HomeService]

"Debit life"? What the heck is that? AN typically picks up the premiums in person each month. They are usually higher premiums than the FE products that I market.

That's exactly what debit is. The agent goes around and collects the premium, or "picks it up". Cash, usually, that's debit life insurance.

Sometimes it is called, "home service life", sounds better than debit. I'm a debit agent, hence my name, "home service". I should have called myself, " debit dude " or something.

There are very few of us who post here on this forum, who do debit.

 

[PittAgent]

That's exactly what debit is. The agent goes around and collects the premium, or "picks it up". Cash, usually, that's debit life insurance.

Sometimes it is called, "home service life", sounds better than debit. I'm a debit agent, hence my name, "home service". I should have called myself, " debit dude " or something.

There are very few of us who post here on this forum, who do debit.

Why do you do it? What's the advantage?

 

[HomeService]

Why do you do it? What's the advantage?

Because I like to do it. I enjoy the people and working in this market.
It's a rare thing, the relationships are real. The people are actually friends of mine, for the most part, really.

 

[Newby]

Because I like to do it. I enjoy the people and working in this market.
It's a rare thing, the relationships are real. The people are actually friends of mine, for the most part, really.

HomeService, am I correct in thinking that Debit policies pay much better renewals and pay them forever? Is that correct?

 

[Mattschmidt]

HomeService, am I correct in thinking that Debit policies pay much better renewals and pay them forever? Is that correct?

I believe you are correct. One home service guy I talked to awhile back said his renewals are 20-25%...

 

[PittAgent]

I believe you are correct. One home service guy I talked to awhile back said his renewals are 20-25%...

Wouldn't it be hard to keep adding people to the books if you have to personally collect from each one? At some point aren't you doing nothing but collecting every day?