Juan Alejandro
New Member
- 3
I am looking to work with a reliable carrier for Final Expense, I've heard that liberty bankers life is a very popular one to use, any other recommendations?
Anybody have experience with liberty bankers life?
- Thread starter Juan Alejandro
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- final expens
- 4,122
Yes!
easy to use e- application
Preferred, standard and modified plan
Many health conditions covered preferred or standard.
Top comp, good renewals, and decent agent incentives.
easy to use e- application
Preferred, standard and modified plan
Many health conditions covered preferred or standard.
Top comp, good renewals, and decent agent incentives.
- 6,026
They hold 10% of commissions forever . . .
- 4,122
It's a chargeback account they don't hold the commissions...
- 5,971
They never give you that 10%.
- 7,012
I think your spouse gets the 10% 5 years after you pass.
- 4,122
It covers chargebacks I don't know why that's so hard to understand....
- 4,306
It's been several years ago now, but I've had the reserve funds released before.
At that time I had not written a FE contract with them for quite awhile. There were no contracts left that could be charged back or rescinded. I had shifted focus to the Home Service side, and didn't anticipate writing any bank drafted FE in the foreseeable future. So I requested the funds be released. I had to make the request to the IMO, as the home office told me they couldn't release the funds unless the IMO directed them to do so.
That policy may have changed, but I don't see why they would need to retain those funds if an agent cancels his contract for some reason (e.g., gets out of the business), as long as enough time is allowed for the potential CB's to filter out.
- 4,306
BTW, I write both FE and Home Service policies with them nowadays. I've also written Critical Illness, MedSupp, and Preneed through other divisions of the company. The home office is local to me, and I've gotten to know several of the execs and support staff over there. They've become my go-to for both Home Service and FE. Overall, it's just a really nice company to work with. I realize they're not the best for some of the niches, but they've been great as a core carrier.
I have an incredible contract with them but when I tried to call them several months ago I was on hold for an hr . Is it still like that ?Lol I just tried to call now and it hung up on me .What's the correct phone # for agent Support ?
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