Dialing for dollars

[Newby]

OK Newby I'll take the bait. I'm sure you've already run the numbers and already know the answer to your question...lol. Anyway, They both qualify for Sr Life's Platinum Plan.
The female's rate is $77.55
The male's rate is $90.30

In addition to the $15,000 check at time of death the family can also get the casket locked in for $2000 (rather than approx. $5000 at the local funeral home), along with discounts on vaults and monuments as well as price negotiation on funeral expenses with the funeral home on behalf of the family/bene.

The couple could also, while alive, take advantage of hearing aid discounts, one free annual hearing exam, 24 hour telehealth, discounts on diabetic supplies and also add 4 family members to be able to get these same discounts at no charge (thru Legacy-Assurance). These savings are immediate with no health restrictions and no age restrictions. EX: Ms. Jones 110 year old mother has Alzheimers and can be one of the 4 family members added for free to the Legacy membership. Now her mother's funeral expenses have been lowered approx. $3000 because the casket will be $2000 not the funeral home's price of about $5000. It's just like her 110 year old mother got a $3000 life policy, with immediate coverage, completely free!

Ha! Greg, you show me one single funeral home selling import caskets for $5,000 and I'll buy your policy from you myself. That's a $1200 casket you are selling for $2000. The average price for a casket at a funeral home is $2400 and those are American made Batesville with other choices as low as $995.
But if people want to order their own import casket they can easily find them for half of what you are charging for them. Even a solid hardwood is only $1299 and the metals ones are cheaper yet. What are you doing with all that extra money you are charging? Do you give it to your broke-ass agents to pay off their lead debts and chargebacks? [EXTERNAL LINK] - Elite Cherry Solid Poplar Wood with Cream Velvet Interior - Wood Casket

 

[Telesales314]

OK Newby I'll take the bait. I'm sure you've already run the numbers and already know the answer to your question...lol. Anyway, They both qualify for Sr Life's Platinum Plan.
The female's rate is $77.55
The male's rate is $90.30
----are those tobacco rates for platinum? or do smokers only get standard like @jdeasy mentioned?

 

[jdeasy]

Smokers cannot get anything but standard at best with SL.

He will say he didn't see that the example was smokers. He saw it. He just ignored it so he could do the pimp.

 

[Telesales314]

Smokers cannot get anything but standard at best with SL. He will say he didn't see that the example was smokers. He saw it.

That's what I had thought too, why I wanted to clarify.

Standard looks like it would be $106 and $144 instead of 77/90.

Also sounds like that product is built to pay similar to medicare-type products. Where they pay 20%-50% in years 1-6. So instead of getting 90% year 1, you would get 20% year 1, but if they pay all 6 years the idea is that you can get 120% instead of 90%.

If the year-to-year persistency is 90% (which is pretty good), you end up with 93% total commission after 6 years instead of 90 year 1. Although with inflation you would be wayyyyy behind. And every client that makes 2-3-4-5 years of payments and then drops off the books, you lose out a lot on.

It just doesnt make sense cash-flow wise.

at the five minute mark he mentions 20-50% commission for 6 years.

And @theinsuranceman yes I know you guys go from 90%-150%, I was just using using the example the guy in the video did, comparing 90% now vs 20% yearly.

 

[jdeasy]

That's what I had thought too, why I wanted to clarify.

Standard looks like it would be $106 and $144 instead of 77/90.

Also sounds like that product is built to pay similar to medicare-type products. Where they pay 20%-50% in years 1-6. So instead of getting 90% year 1, you would get 20% year 1, but if they pay all 6 years the idea is that you can get 120% instead of 90%.

If the year-to-year persistency is 90% (which is pretty good), you end up with 93% total commission after 6 years instead of 90 year 1. Although with inflation you would be wayyyyy behind. And every client that makes 2-3-4-5 years of payments and then drops off the books, you lose out a lot on.

It just doesnt make sense cash-flow wise.

at the five minute mark he mentions 20-50% commission for 6 years.

And @theinsuranceman yes I know you guys go from 90%-150%, I was just using using the example the guy in the video did, comparing 90% now vs 20% yearly.

He doesn't know anything about that stuff.

Different dept.

 

[theinsuranceman]

They only qualify fo9r standard since they are smokers. And the legacy gimmick is just that. a gimmick.

You're wrong. They qualify for the new Platinum plan tobacco rates. Platinum blows the standard rates out of the water.

 

[theinsuranceman]

JD is wrong. Once again he spouts off about things he knows nothing about. The new Platinum plans have both tobacco and nontobacco rates. The rates are some of the lowest FE rates in America. They spread out the commissions kinda like medicare, rather than having all of your commissions bunched up in year one like it usually is.

Persistency, so far, on the new Platinum plans are killer good. They're probably never going to be replaced based on price. About the only reason for a lapse with these plans is lack of money or death.

If anyone would like a contract to sell this new Platinum Plan, to save your clients money, please call me at 252-292-3350. I'm on eastern time.

 

[theinsuranceman]

Smokers cannot get anything but standard at best with SL.

He will say he didn't see that the example was smokers. He saw it. He just ignored it so he could do the pimp.

JD you look extra foolish when you say things that you are not qualified to talk about. You're spouting lies again and it makes you look more and more less credible.

 

[theinsuranceman]

But the TV ads say you could save $100s a year on life insurance! I guess the emphasis is on "could".

The new Platinum plan can do just that.

 

[Telesales314]

@theinsuranceman So are those the platinum tobacco rates you quoted or not?