Certificate Vs. Policy

[Newby]

Wow this is a great info...I just got my material from RNA...and I was wondering how certificate differs from policy.

You may as well toss the RNA stuff aside. I'm hearing that as of June 10th they have no more love for FE agents anymore.

It don't sound good.

 

[Mah]

You may as well toss the RNA stuff aside. I'm hearing that as of June 10th they have no more love for FE agents anymore.

It don't sound good.

Is FE considered whole life? I'm so confused with the material! I got other companies.

 

[Newby]

Yes. FE is whole-life. At least it should be.


Shannon! We need you to start over at square one over here.

 

[Norwayguy]

The ratings or having a policy vs a certificate is usually not much of a big deal to be concerned about. There is plenty of great companies like RNA that have a much better track record then some A rated companies that some thought where in good financial shape like AIG.

The real question should be, do you want a privately held company or a public one where investors have a bigger say?

Come on your an insurance agent. Using AIG is a terrible example...Executive life would be a good example. The insurance companies owned by AIG were not the issue it was a division totally unrelated to insurance.
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Is FE considered whole life? I'm so confused with the material! I got other companies.

Final expense is a sales term or a market segment. Typically when someone says FE they are referring to a simplified issue whole life insurance policy. Mortgage life market is the same thing they market to mortgage holder typically new ones to sell life insurance typically simplified term policies but they could also sell fully underwritten term or permanent coverage also.

 

[jmarkk1]

You may as well toss the RNA stuff aside. I'm hearing that as of June 10th they have no more love for FE agents anymore.

It don't sound good.

What's happening as of June 10th?

 

[TDFnCali]

You may as well toss the RNA stuff aside. I'm hearing that as of June 10th they have no more love for FE agents anymore.

It don't sound good.

Thats what I just heard....lets see now, who will be my "go-to" company now??
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Yes. FE is whole-life. At least it should be.


Shannon! We need you to start over at square one over here.

Im sure he's started at square 1 a few times already, lol

 

[Newby]

Higher rates, lower commissions, tighter underwriting, policy fee changes, etc.

 

[Jerard]

Higher rates, lower commissions, tighter underwriting, policy fee changes, etc.

How can they get much lower? 95% for under 40K is the lowest I've seen from any company, not counting GI's and GDB's.

 

[jmarkk1]

Higher rates, lower commissions, tighter underwriting, policy fee changes, etc.

Where did you hear this?

 

[Mah]

Come on your an insurance agent. Using AIG is a terrible example...Executive life would be a good example. The insurance companies owned by AIG were not the issue it was a division totally unrelated to insurance.
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Final expense is a sales term or a market segment. Typically when someone says FE they are referring to a simplified issue whole life insurance policy. Mortgage life market is the same thing they market to mortgage holder typically new ones to sell life insurance typically simplified term policies but they could also sell fully underwritten term or permanent coverage also.

That makes sense now that I got the info. Thanks a lot. The brochures are like a foreign language. I couldnt find FE! I would call the office, but got it yesterday 5pm pacific time.