Anyone Hear of Lincoln Heritage Life?

[theinsuranceman]

What's to explain? You always bring up that Travis recruits when I mention recruiting.

Travis is not all over the web promising pie in the sky BS. He is also not all over the web trying to justify high priced FE plans with smoke and mirrors.

Are you saying Travis no longer recruits?
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It's not a waiting period - but a incontestability period. They don't have to wait 2 years to get full benefit.

If it's a modified/graded plan they DO have to wait 2 yrs. for full benefit.

ALL FE policies have a 2 yr. contestability period (the 1st 2 yrs.). Full benefit or modified/graded makes no difference.

 

[jdeasy]

Are you saying Travis no longer recruits?
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It's not a waiting period - but a incontestability period. They don't have to wait 2 years to get full benefit.

If it's a modified/graded plan they DO have to wait 2 yrs. for full benefit.

ALL FE policies have a 2 yr. contestability period (the 1st 2 yrs.). Full benefit or modified/graded makes no difference.

Not so fast there. In Ky if we do a replacement and the person has already had the policy for 2 years there is no new contestability period.

Now, will LH send them a letter saying that they may have a new contestability period? You betcha they will!

Will they claim ignorance of rule? You betcha they will?

Will LH do replacements in Ky? No whtye won't. Why? Because of the rule of no new contestability period.

See a pattern here?

 

[Newby]

JD are you trying to say that LH outright lies to KY residents to try to preserve their policies that get replaced?
Maybe it's just a clerical error they will change once it has been pointed out to them.
I can't believe they would flat LIE.

 

[theinsuranceman]

Are you saying Travis no longer recruits?
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Not so fast there. In Ky if we do a replacement and the person has already had the policy for 2 years there is no new contestability period.

Now, will LH send them a letter saying that they may have a new contestability period? You betcha they will!

Will they claim ignorance of rule? You betcha they will?

Will LH do replacements in Ky? No whtye won't. Why? Because of the rule of no new contestability period.

See a pattern here?

I always thought that Ky rule was a little weird. Does the Ky DOI really agree with you on this issue? Does LH even have the Modified plan avail. in Ky?

 

[jdeasy]

I always thought that Ky rule was a little weird. Does the Ky DOI really agree with you on this issue?

What do you mean do they agree with me? It's not my rule for them to agree with, it's their rule. . Ky is not the only state with that rule. I know there are, at least, 4 others.

It's pretty easy to figure out which ones. They are the states that some companies will not do replacements in. LH is not alone in that. AmAm will not do replacements here because of that. When Shenandoah was in business they would not allow replacements here. I believe Newby has told me that Sttlers will not do replacements here.

 

[theinsuranceman]

What do you mean do they agree with me? It's not my rule for them to agree with, it's their rule. . Ky is not the only state with that rule. I know there are, at least, 4 others.

It's pretty easy to figure out which ones. They are the states that some companies will not do replacements in. LH is not alone in that. AmAm will not do replacements here because of that. When Shenandoah was in business they would not allow replacements here. I believe Newby has told me that Sttlers will not do replacements here.

What I was I asking you was "does the DOI agree with you that LH lies to modified policy holders that were replaced?". I think not.

 

[jdeasy]

JD are you trying to say that LH outright lies to KY residents to try to preserve their policies that get replaced?
Maybe it's just a clerical error they will change once it has been pointed out to them.
I can't believe they would flat LIE.

I have copies of the letters that they sent to policy holders with that very statement. I complained to LH about it and they said that since it says "may", they were in the clear.

That was after they first told me that they were unaware of the rule. I asked them why they wouldn't do replacements here then if they didn't know. That's when they went to the "may" defense.

I complained to the Ky DOI about it, but, they were not really interested in what a lowly agent had to say.

I do think that it caought AmAm by surprise. They were doing replacemtns here and then all of sudden sent out a memo that, "as of today we will not take replacemtns in the state of Ky".

They must have had a death claim during the first two years and found out they couldn't contest it.
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What I was I asking you was "does the DOI agree with you that LH lies to modified policy holders that were replaced?". I think not.

Of course they do not agree. But you can show that letter to any rational person and ask them what it says and they will say that they have a new contestability period. It is intended to scare people and it does just that.

They also sent letters to everyone of my clients telling that there was a conspiracy among agents to call them up and pretend to be working for LH to schedule a meeting about their policies and the real goal was to replace their policies.

Of course that didn't happent ot just me. I talked to an agent in Texas that they had done the same thing to.

Now, was that a lie? There certainly wasn't a conspiracy going on that I knew anything about. In fact, to this day I have not initiated a conversation with any of my LH clients about replacing their polcies. Every single case has been them contacting me. Much of that was because of that letter.

 

[theinsuranceman]

I have copies of the letters that they sent to policy holders with that very statement. I complained to LH about it and they said that since it says "may", they were in the clear.

That was after they first told me that they were unaware of the rule. I asked them why they wouldn't do replacements here then if they didn't know. That's when they went to the "may" defense.

I complained to the Ky DOI about it, but, they were not really interested in what a lowly agent had to say.

I do think that it caought AmAm by surprise. They were doing replacemtns here and then all of sudden sent out a memo that, "as of today we will not take replacemtns in the state of Ky".

They must have had a death claim during the first two years and found out they couldn't contest it.
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Of course they do not agree. But you can show that letter to any rational person and ask them what it says and they will say that they have a new contestability period. It is intended to scare people and it does just that.

They also sent letters to everyone of my clients telling that there was a conspiracy among agents to call them up and pretend to be working for LH to schedule a meeting about their policies and the real goal was to replace their policies.

Of course that didn't happent ot just me. I talked to an agent in Texas that they had done the same thing to.

Now, was that a lie? There certainly wasn't a conspiracy going on that I knew anything about. In fact, to this day I have not initiated a conversation with any of my LH clients about replacing their polcies. Every single case has been them contacting me. Much of that was because of that letter.

But the letter was sent out a long time ago right? Yet every week you are up here boasting about the replacements you do against LH. Did people still call you last week/month about a letter they received a long time ago?

 

[Newby]

LH has been very good for me.
I like them.

 

[jdeasy]

I have copies of the letters that they sent to policy holders with that very statement. I complained to LH about it and they said that since it says "may", they were in the clear.

That was after they first told me that they were unaware of the rule. I asked them why they wouldn't do replacements here then if they didn't know. That's when they went to the "may" defense.

I complained to the Ky DOI about it, but, they were not really interested in what a lowly agent had to say.

I do think that it caought AmAm by surprise. They were doing replacemtns here and then all of sudden sent out a memo that, "as of today we will not take replacemtns in the state of Ky".

They must have had a death claim during the first two years and found out they couldn't contest it.
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But the letter was sent out a long time ago right? Yet every week you are up here boasting about the replacements you do against LH. Did people still call you last week/month about a letter they received a long time ago?

Damn you will try to twist anything. No wonder you have so much trouble recruiting. Pretty transparent there. Stevie Wonder can see what you are up to.

You have never once seen me say anything about about my replacing one of my LH policies. Not once. I do replace many that were written by other agents. So, spin away, spin doctor.