Bankers Life

[nfl72]

the gravy for me was when you could get 10 points in the front and ten points in the back in the mortgage business!

 

[Pete Cormie]

Check the questions on the app, very often they are clean sheeted. Bankers FE is completely field underwritten. Their agents know this and commonly insure uninsurable people
Bankers is also a B++ company if their customers knew that, most would probably not buy their product

I had this happen this week. I replaced it for $13/mo more premium. The client was shocked at first when I showed her the clean sheeted application, then she was FURIOUS. She's getting all 12 months payment refunded. She tried to talk to the writing agent, but he had moved on. That's strange because he told her he was the "District Manager"

 

[rousemark]

That was pure gravy.

On a biscuit with a side of sausage on top!...... Plus, in those days, around 90% of the business we wrote was paid annually. Had authority to cash checks payable to the company and to submit nets.. You also got to keep 100% of the "application" or "policy fee. We didn't know how good we had it back then...

 

[moonlightandmargaritas]

Bankers is also a B++ company if their customers knew that, most would probably not buy their product

Most "customers" have never heard of A.M. Best, and don't care. It's meaningless.

 

[Iwillpay]

Most "customers" have never heard of A.M. Best, and don't care. It's meaningless.

Thats so true, but as thhe agent you can help them avoid weak companies.

 

[rousemark]

Thats so true, but as thhe agent you can help them avoid weak companies.

How can you say B++ is weak? AM Best says that B++, A-, A, A+ and A++ are all "secure" ratings..

 

[WCMason]

How can you say B++ is weak? AM Best says that B++, A-, A, A+ and A++ are all "secure" ratings..

I agree. No fan of Bankers, but a B++ is like a ball player who bats .299. Still a good hitter, but we've decided to put more value in that .001 difference than it deserves.

 

[Tahoe Ray]

How can you say B++ is weak? AM Best says that B++, A-, A, A+ and A++ are all "secure" ratings..

And so is B+. .