Anybody Know of an IMO That Offers Lafayette...

[cptlbc724]

Integrated Benefits has Settlers with a 95% contract and will drop money towards a 1000 mail piece when you write x amount of business. That wasn't a necessity but seems like a nice add on. I did a Tony Henry search on the forum and even did some google variations but no dice. Think I will pass on Lafayette for now since they sound like they are a little more than what a rook should handle starting out. Maybe add them a year down the road once I'm a little more seasoned, if needed.

 

[Larry Tew]

Lafayette is definitely NOT a FE company. They are primarily an independent company and to me they rank just behind Ohio National and a good amount ahead of Mutual Trust. They are owned by Western Southern.

 

[Fisher]

Lafayette is definitely NOT a FE company. They are primarily an independent company and to me they rank just behind Ohio National and a good amount ahead of Mutual Trust. They are owned by Western Southern.

Larry, what don't you like about MTL? I recently contracted with them but haven't sent them any biz yet.

Thanks.

 

[Larry Tew]

Larry, what don't you like about MTL? I recently contracted with them but haven't sent them any biz yet.

Thanks.

Their financials aren't as strong as I prefer. Their Best Rating is A- (4th) and their S&P is A (6th). Being small (1.5B in assets) doesn't help.

Even though they call themselves "The Whole Life Company", there's nothing about their WL that sets them apart. As a matter of fact, being Direct Recognition further reduces their appeal for me. I don't recall their term being great, but it was a while back when I looked at it closely. Ohio National having great term plus liberal conversion options to better WL just really makes me ask what does MTL offer that I don't already have covered?

I will say however that I've always heard that their service and HO attitude are good. Their compensation is fine - but no better than Ohio National or Lafayette.

 

[Newby]

Lafayette is definitely NOT a FE company. They are primarily an independent company and to me they rank just behind Ohio National and a good amount ahead of Mutual Trust. They are owned by Western Southern.

Agreed. I'm not sure why they have a few FE marketers out there contracting FE agents when that's not really their business. They are frustrating to the FE agents and I'm sure the FE agents are frustrating to them.

 

[Fisher]

Again, thanks Larry.

I can't get Ohio National here.

 

[cptlbc724]

"Agreed. I'm not sure why they have a few FE marketers out there contracting FE agents when that's not really their business. They are frustrating to the FE agents and I'm sure the FE agents are frustrating to them"

That's puzzling to me but I'll take your guy's word on the matter. I did sign on with Settlers today through Integrated Benefits. Thanks guys for all of the input. Despite a few silly posts here and there on some of the other threads I've read, this forum is quite the info tool for green peas breaking into this profession.... Salute

 

[Larry Tew]

Again, thanks Larry.

I can't get Ohio National here.

Ahh... you're in an ON career state. You might look at Lafayette and compare them to MTL. I like MTL's "intangibles", but I wish their "tangibles" were stronger.

 

[AllGold]

I just discovered Lafayette's 90% street contract myself. When I first saw 90% I thought "Oh, they must make it up on the renewals/trails" but nope, trails are lower, too. :-\

 

[Newby]

I just discovered Lafayette's 90% street contract myself. When I first saw 90% I thought "Oh, they must make it up on the renewals/trails" but nope, trails are lower, too. :-\

They have volume bonuses if you write a lot with them.