Any Co's Take Debit Cards attached to Checking Accounts?

[fed up]

Be very careful about driving a client to their bank. If you are in an accident you are screwed

 

[rousemark]

Be very careful about driving a client to their bank. If you are in an accident you are screwed

Seem to remember that was one of the things they came down on Banker's Life agent a few years ago.

 

[shonceman]

If a company accepts credit cards, would a debit card not work with them.

I think so, but I'm not talking about SS direct express. I'll admit being a little "sheltered" because my main carriers aren't necessarily mainstream. So, the only company I know taking credit cards is Gerber. I think SNL Home Service will, too, but I don't write much with them.

Are there some other FE companies taking credit cards not tied to SS?

 

[theinsuranceman]

I think so, but I'm not talking about SS direct express. I'll admit being a little "sheltered" because my main carriers aren't necessarily mainstream. So, the only company I know taking credit cards is Gerber. I think SNL Home Service will, too, but I don't write much with them.

Are there some other FE companies taking credit cards not tied to SS?

Sr Life does.

 

[theinsuranceman]

Be very careful about driving a client to their bank. If you are in an accident you are screwed

Wouldn't my car insurance cover this?

 

[theinsuranceman]

If a company accepts credit cards, would a debit card not work with them.

If I'm not mistaken automatic electronic drafts cannot happen on debit cards. Has to be manually handled each month..

If a company accepts credit cards, would a debit card not work with them.

Debit cards cannot be automatically drafted each month. Has to be handled manually each month, that's why carriers don't take bank debit cards for monthly draft.

 

[fed up]

Wouldn't my car insurance cover this?

A) depends on how you have your car insured. Is it personal use or commercial auto?
B) Yes but the liability for injury could fall to you if you do the hitting
C) It is a terrible practice because you are driving your client to their bank in your car

 

[theinsuranceman]

A) depends on how you have your car insured. Is it personal use or commercial auto?
B) Yes but the liability for injury could fall to you if you do the hitting
C) It is a terrible practice because you are driving your client to their bank in your car

You got me to thinking so I called my auto ins. co. Liberty Mutual and discussed the 3 points above.

A) My car is insured as a personal use car. It covers me whether I'm driving for personal use or business use since my car used for personal use more than business use. If I was a plumber with a van then it'd be classified as a business vehicle.

B) My policy covers my passengers, even if the trip is for business purposes, if it's my fault we have an accident.

C) Terrible practice? How so? I'm putting forth a little effort to help them get a policy that protects their family from a financial hardship....as well as protecting my family from a financial hardship (I'm getting paid).

 

[fed up]

C) Terrible practice? How so? I'm putting forth a little effort to help them get a policy that protects their family from a financial hardship....as well as protecting my family from a financial hardship (I'm getting paid).

It could be misconstrued by a friend or famiy member that by your driving them to their bank, you had your interests (not their best interest) in mind. People tend to forget little details such as that if there is an issue

 

[theinsuranceman]

It could be misconstrued by a friend or famiy member that by your driving them to their bank, you had your interests (not their best interest) in mind. People tend to forget little details such as that if there is an issue

Lol....if you say so. In 21 years of selling FE I've never encountered that kind of comment nor attitude from their family members. You been in the FE game very long?