Assurity Questions

[pcbinsurance]

I think I'll stick with my Assurity Non-Med unless it's a big difference in premium. I'll have to do some quoting to see.
Overall, I'm happy with Assurity and their eApp and turn-around time.

 

[TwiLight]

Yessir....I didn't think Sagicor does FE....or do they?

They no longer have an FE product.

Only Whole Life is their fantastic SPWL (indexed and interest sensitive).

It is SIWL up to:
$250k Net amount at risk ages 45-60
$200k Net amount at risk ages 61-65
$150k Net amount at risk ages 66-70
$100k Net amount at risk ages 71-75
$75k Net amount at risk ages 76-80
$50k Net amount at risk ages 81-85

Insurance to Premium Ratio's are amount the highest out their.

 

[WinoBlues]

You are not talking about any product at Sagicor at that comp.

95% FYC is the Company Advertised Street for 20 Year Term submitted Electronically on the eApp Underwriting platform. 90% FYC for paper apps.

The GUL/NLUL is 100% FYC on eApp and 85% FYC for paper apps.

Anything above Street has previous production requirements and commitments. As an IMO for them, we cannot comment on any higher commission rates publicly.

OK, now I am curious. Be right back.

 

[TwiLight]

I think I'll stick with my Assurity Non-Med unless it's a big difference in premium. I'll have to do some quoting to see.
Overall, I'm happy with Assurity and their eApp and turn-around time.

Rates are about 30-40% less money at Sagicor than Assurity.

Male Age 45NT $100k 20yr Term paid PAC Monthly

Sagicor $21.87 Pref
Assurity $31.59 Pref

Sagicor $32.40 Stnd
Assurity $51.66 Stnd

Large enough spread for my client to pick Sagicor over Assurity. Just Saying

 

[WinoBlues]

My 20 you term rate is higher. Not 120% but closer to that then 95% renewals are 2.5 2-10 EDIT:renewals 2.10%

You are not talking about any product at Sagicor at that comp.

95% FYC is the Company Advertised Street for 20 Year Term submitted Electronically on the eApp Underwriting platform. 90% FYC for paper apps.

The GUL/NLUL is 100% FYC on eApp and 85% FYC for paper apps.

Anything above Street has previous production requirements and commitments. As an IMO for them, we cannot comment on any higher commission rates publicly.

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That's what I was just thinking. I may have to give Sagicor another try. I wasn't thinking their comp was that high. He either has a less than normal Assurity contract or Sagicor pays more than I was thinking.

Nope, not 120% but not bad. Need a contract? Do you have proof of term production? 8-)

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Another reason I like Sagicor, My Sagicor first year comp is higher than Assurity.
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You get 120% on Sagicor?

Now, not 120%. My Assurity is only 110‰ 2.5 % renewal

 

[Newby]

You are asking on Term, correct?

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Now I need to check in a bit when I go the in doors office. We are talking term, right?

Assurity's 20-year term at street level pays 125%. It's one of the highest paying term commissions I'm aware of. That's at the street contract which is 110% on the FE product. 10-year drops it down to 100%.

 

[TwiLight]

Or $150,000.00 @$29.66mo prfd Sagicor.

You Trying to one up me.....LOL

 

[WinoBlues]

Rates are about 30-40% less money at Sagicor than Assurity.

Male Age 45NT $100k 20yr Term paid PAC Monthly

Sagicor $21.87 Pref
Assurity $31.59 Pref

Sagicor $32.40 Stnd
Assurity $51.66 Stnd

Large enough spread for my client to pick Sagicor over Assurity. Just Saying

Or $150,000.00 @$29.66mo prfd Sagicor.

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Assurity's 20-year term at street level pays 125%. It's one of the highest paying term commissions I'm aware of. That's at the street contract which is 110% on the FE product. 10-year drops it down to 100%.

Then I am getting hosed on my Assurity.

My Assurity FE is 95/15/15/14/9

Of course I only wrote two with them last year so may not have much leverage. To much hassle for non med. Edit : term

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You Trying to one up me.....LOL

I am just greedy.

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Assurity's 20-year term at street level pays 125%. It's one of the highest paying term commissions I'm aware of. That's at the street contract which is 110% on the FE product. 10-year drops it down to 100%.

10-year? They have a 10 pay? Shows what I (don't) know. Your Assurity comp kicks my comp's Azz.

 

[mbm0219]

That's what I was just thinking. I may have to give Sagicor another try. I wasn't thinking their comp was that high. He either has a less than normal Assurity contract or Sagicor pays more than I was thinking.

Not only 120% 1st yr, but it also pays 3% renewals. Not good compared to FE but higher than most for term.

 

[jtow]

Rates are about 30-40% less money at Sagicor than Assurity.

Male Age 45NT $100k 20yr Term paid PAC Monthly

Sagicor $21.87 Pref
Assurity $31.59 Pref

Sagicor $32.40 Stnd
Assurity $51.66 Stnd

Large enough spread for my client to pick Sagicor over Assurity. Just Saying

Transamerica at $19.16/pref, $26.69/stnd. How does TA stack up with Assurity and Sagicor in comp and service?