- 4,130
Prob was declined for another foresters product, or has to many foresters lapses.
Decline for admin
- Thread starter Chazm
- Start date
- Thread starter
- #22
He's been my client for 8 years. When I signed him up for his one and only FE product. It's still active.
But it is with Foresters. Could that be the reason? It's with the same company. I didn't think you could just add on. But it had to be underwritten
- 30,590
You said he's 82. The maximum for ages 81-85 is $15,000. I'll bet that's your problem Whatever you wrote him must have put him over the limit.
Write him with another company.
- Thread starter
- #24
You said he's 82. The maximum for ages 81-85 is $15,000. I'll bet that's your problem Whatever you wrote him must have put him over the limit.
Write him with another company.
Nope. I've already said it was around $3,500
chasejordan1
Guru
- 489
How was the question answered about having current insurance?
- 5,995
What I think @goillini52 means (and I may be very wrong) is that the max exposure Foresters will allow for 81 to 85 is $15,000 in aggregate. If your original FE policy with Foresters is still in force, and if the death benefit of the original policy + the $3500 death benefit of the additional policy is more than $15,000 combined, that would be the reason for the decline. So you would need to write the additional policy with a different carrier.
Does the combined death benefit of the two policies exceed $15,000? If so, you have your answer - that is, if I am reading correctly what monkey man says.
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- 30,590
Yes, that's exactly what I was trying to say...is the total Face Amount between the 2 policies over $15,000.
- Thread starter
- #28
- 30,590
Then that's not it...plenty of room to spare. It's probably like somebody said, a problem with licensing or something. Do they have a copy of your current license.
Has your upline's hierarchy changed? That happened to me and I found out by accident that when a hierarchy changes, the agents are automatically terminated. I wasn't even notified. Maybe it's something like that and you'll need to recontract with another FMO.
- Thread starter
- #30
Nope it's still your buddy Chris. It says so on the portal.
Licensing shouldn't be an issue either.
I'm thinking it's what the letter said. They never received a payment. I send in the voided check but maybe it didn't get received
