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True, but I kind of look at them as the same thing. They're both negative.
True, but I kind of look at them as the same thing. They're both negative.
Did you stutter?
Americo's NEW Nonsmoker Rates For Smokers
- Thread starter FinalExpenseDojo.com
- Start date
Did you stutter?
- 30,257
No, it wouldn't post...I thought. I tried posting twice then logged out and back in, then I saw that it had posted twice....bbbut I ddo sttuutter.
- 5,993
No, it wouldn't post...I thought. I tried posting twice then logged out and back in, then I saw that it had posted twice....bbbut I ddo sttuutter.
#weed
- 30,257
Thhaatt ttoo.
- 30,257
Yeah, I think it's much worse to lower the death benefit, because like you say, most of the policyholders aren't going to realize that it happened. Is Americo going to remind them that their DB's going down when it's getting ready to happen?Thanks for the correction...
Your right... and this would not be something the client wouldn't really see so the bait and switch would work... just not to the clients advantage... on the back end... or to be correct to the Beni's advantage.
Hmm... wouldn't to work that death claim...
- 5,993
Yeah, I think it's much worse to lower the death benefit, because like you say, most of the policyholders aren't going to realize that it happened. Is Americo going to remind them that their DB's going down when it's getting ready to happen?
Would be nice if they did.
?? Agent will have already spent their FYC - are they going to make it a point to see if their "clients" quit smoking and if not - tell them the upcoming consequences?
This gimmick is garbage. The only winner financially is the company.
1. Many claims within 2 years are contested so they get out of these that way. (Nothing to do with this specific policy)
2. The smoker rate is not normally double the premium, but they reduce the death benefit by 50%.
3. Many good policies that are over 2 years old are going to be replaced using this product and then when the insured continues to smoke, their families will get 50% of the original policy that was replaced.
4. Many E&O are going to result from this.
1. Many claims within 2 years are contested so they get out of these that way. (Nothing to do with this specific policy)
2. The smoker rate is not normally double the premium, but they reduce the death benefit by 50%.
3. Many good policies that are over 2 years old are going to be replaced using this product and then when the insured continues to smoke, their families will get 50% of the original policy that was replaced.
4. Many E&O are going to result from this.
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