Commission's on 20YLT

Nov 30, 2018

  1. billyb
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    billyb Guru

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    I haven't written much term in years, but have a $30,000AP case ready to underwrite. I was advised by the brokerage that I have used in the past that Pru would be the company to submit to because of the applicant's build of 5'11" and 295#. He is 62. Got him a SNT rate with MOO in 2013. Not sure how that happened but it did. The brokerage is offerring me 95% on Pru. Is that fair?
     
    billyb, Nov 30, 2018
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  2. billyb
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    billyb Guru

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    Made several calls and found out 95% is very generous with Prudential. 20YLT don't pay those 100%+ commission's that it once did.
     
    billyb, Nov 30, 2018
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  3. FinalExpenseDojo.com
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    FinalExpenseDojo.com Guru

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    Yep 95% is very fair.
     
  4. billyb
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    billyb Guru

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    Got an approval today. Was thinking the case may be rated because the doctor had notes in the applicant's file stating to follow up with specialist for various conditions. I asked the applicant and he said he knew nothing about it. Told the underwriter what I was told. Hoping for a standard rate, but got real nervous after these additional questions. To my surprise the offer is nonsmoker plus. The applicant is very happy thinks I am a miracle worker.
     
    billyb, Jan 3, 2019
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