Anyone Have Experience With Legacy Assurance/Senior Life Insurance Compay?

Mar 1, 2019

  1. Craumas
    Offline

    Craumas New Member

    Posts:
    15
    Likes Received:
    8
    State:
    Tennessee
    I'm looking for a new insurance company to work with and I got a letter in the mail from a company called "Senior Life Insurance Company/Legacy Assurance." I can't find much about their company so I came to ask anyone here if they have experience with them.
     
    Craumas, Mar 1, 2019
    #1
  2. Baseball7
    Offline

    Baseball7 Guru

    Posts:
    2,296
    Likes Received:
    532
    Lower comp, captive final expense set up
     
  3. myinsurebiz
    Offline

    myinsurebiz Guru

    Posts:
    4,512
    Likes Received:
    618
    State:
    Hawaii
    They aren't "captive" . . .

    They also pay 110% - which isn't actually "low" . . .

    If they didn't have that non-regulated cheesy Legacy Assurance and terrible Agent Agreement - I'd write some of it . . .
     
  4. magagent
    Offline

    magagent Guru

    Posts:
    1,102
    Likes Received:
    2
    State:
    Tennessee
    Do they still require you to drive to Thomasville Georgia to "train" you?
     
  5. theinsuranceman
    Offline

    theinsuranceman Guru

    Posts:
    2,818
    Likes Received:
    202
    State:
    North Carolina
    No
     
  6. theinsuranceman
    Offline

    theinsuranceman Guru

    Posts:
    2,818
    Likes Received:
    202
    State:
    North Carolina
    Can go higher than 110% with some steady production. Full timers always get higher comm % than part time brokers.
    I have a P & C agent who cross sells Legacy-Assurance to her book of business...so yes, part time is also welcome.
     
    Last edited: Mar 5, 2019
  7. myinsurebiz
    Offline

    myinsurebiz Guru

    Posts:
    4,512
    Likes Received:
    618
    State:
    Hawaii
    What does she earn off those cross sells?
     
  8. goillini52
    Offline

    goillini52 MAGA...Eat More Bacon & BUILD THAT WALL!!!

    Posts:
    19,247
    Likes Received:
    5,486
    State:
    Illinois
  9. titeye
    Offline

    titeye Expert

    Posts:
    68
    Likes Received:
    58
    Not rated by any credible rating agency, that I can find. Not A.M. Best, Moody’s, Standard and Poors, or Fitch, if that means something to you.
     
    titeye, Mar 6, 2019
    #9
  10. goillini52
    Offline

    goillini52 MAGA...Eat More Bacon & BUILD THAT WALL!!!

    Posts:
    19,247
    Likes Received:
    5,486
    State:
    Illinois
    Greg theinsuranceman will tell you that they're rated A-OK. :)
     
Loading...