Easy/hard?

[newtothegames]

this is for the seasoned boys only.what company is in your opinion is the easiest/hardest to deal with..in terms of 1.submission of app 2-underwriteing 3-getting paid. thx for all your advice in advance

 

[Ryan Caras]

this is for the seasoned boys only.what company is in your opinion is the easiest/hardest to deal with..in terms of 1.submission of app 2-underwriteing 3-getting paid. thx for all your advice in advance

You will never find the perfect product for all circumstances... I always describe FE companies as being similar to cell phone companies... they are all very similar but each has their own bit of spice that makes them different....

IMO here is how I would describe some of the most used FE products in the industry:

Americo: best customer service in the industry, fast in home with no PHI, and pays on issue (with only specific IMO's), very appealing compensations, super competitive rates

Monumental: great underwriting with great app... good rates... good company to do business with. Pays level comp on older aged clients (very rare in this business)... pays on issue

Foresters: good product that has changed a bit over the years, but still very easy to issue with speed with their PHI.

RNA: still has a sweet spot with their new rates in certain age brackets... great member benefits (i used them for myself when i got lasik done one my eyes). Pays on issue as well

American Cont.: not much comp but very easy use...

UHL: best rates for women in the country... they also are very unique that they don't rate your commission on graded business...

 

[GoCubsGo]

this is for the seasoned boys only.what company is in your opinion is the easiest/hardest to deal with..in terms of 1.submission of app 2-underwriteing 3-getting paid. thx for all your advice in advance

You are going to piss the "girls" off with the way you worded that. ha

 

[SirAlexFerguson]

You will never find the perfect product for all circumstances... I always describe FE companies as being similar to cell phone companies... they are all very similar but each has their own bit of spice that makes them different....

IMO here is how I would describe some of the most used FE products in the industry:

Monumental: great underwriting with great app... good rates... good company to do business with. Pays level comp on older aged clients (very rare in this business)... pays on issue

I'm just getting started in FE but there is another thread regarding how much people hate Monumental... The thread title is, "Anybody Else Can't Stand Monumental"... I can't post the link since I don't have the authority but it's something to look at regarding Monumental. Again, I have no opinion as I'm just starting.

SAF

 

[JimmyUt]

I'm just getting started in FE but there is another thread regarding how much people hate Monumental... The thread title is, "Anybody Else Can't Stand Monumental"... I can't post the link since I don't have the authority but it's something to look at regarding Monumental. Again, I have no opinion as I'm just starting.

SAF

The biggest issue with them is at times they have no clear direction in the underwriting after application.

 

[SirAlexFerguson]

The biggest issue with them is at times they have no clear direction in the underwriting after application.

Thanks for that... one thing I'm learning from reading the FE forum is some firms seem to underwrite at submission while others seem to start underwriting once there's a claim (gulp!).

SAF

 

[WinoBlues]

this is for the seasoned boys only.what company is in your opinion is the easiest/hardest to deal with..in terms of 1.submission of app 2-underwriteing 3-getting paid. thx for all your advice in advance

On those three it is United Heritage for me. Not a price leader in the past. But no company has ever been easier to work with, for me.

I think the key here is "in your opinion" We all want something different.

Ryan's list is very informative.

 

[newtothegames]

You will never find the perfect product for all circumstances... I always describe FE companies as being similar to cell phone companies... they are all very similar but each has their own bit of spice that makes them different....

IMO here is how I would describe some of the most used FE products in the industry:

Americo: best customer service in the industry, fast in home with no PHI, and pays on issue (with only specific IMO's), very appealing compensations, super competitive rates

Monumental: great underwriting with great app... good rates... good company to do business with. Pays level comp on older aged clients (very rare in this business)... pays on issue

Foresters: good product that has changed a bit over the years, but still very easy to issue with speed with their PHI.

RNA: still has a sweet spot with their new rates in certain age brackets... great member benefits (i used them for myself when i got lasik done one my eyes). Pays on issue as well

American Cont.: not much comp but very easy use...

UHL: best rates for women in the country... they also are very unique that they don't rate your commission on graded business...

in your experence what would you say the average issue time from start to payment is on the companys u mentioned?

 

[Ryan Caras]

in your experence what would you say the average issue time from start to payment is on the companys u mentioned?

in my experience on the volume side of the business

when the business is clean the fastest paying carrier is Americo

48-72 hours is what the majority of these carriers are from submission to issue.... then it all depends on how you are set up for being paid...

 

[newtothegames]

I LIKE TO HEAR THAT!