- 19,673
Easy Pick Offs
- Thread starter smokin goose
- Start date
I don't see any difference with most. You have good and bad with both, good and poor ratings with both, high rates or low rates with both.......
some of the best Life Insurance companies are Fraternals for service and price...
to name a few:
RNA
KSKJ Life
Gleaners
Knights of Columbus
Lutheran Brotherhood (Thrivent)
Modern Woodman of America
and yes, some say Foresters
Not all are in the FE market....they are traditional underwritten Life Companies. You are seeing RNA and Foresters move back to that after experimenting with FE Products.
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- 7,015
Today I replaced a Bankers Life, a Lincoln Heritage and a CUNA.
Like hunting a baited a field.
Man I never run into these. One of these months I'm gonna drop some mail in the boonies and see what happens. If I run into someone with insurance here in Indy, they've either had it for 10+ years or just a few years but its with a company I already sell so I usually can't beat their price anyway.
stated by wino
"I explain to clients that I personally do not write or own any Fraternal certificates"
Then you clearly state out of the other side of your mouth, you do write Fraternal's, as you have written 3 this year. So how and when do you decide if your going to talk them up or talk them down? Whether your replacing or not?
"I explain to clients that I personally do not write or own any Fraternal certificates"
Then you clearly state out of the other side of your mouth, you do write Fraternal's, as you have written 3 this year. So how and when do you decide if your going to talk them up or talk them down? Whether your replacing or not?
- 19,673
I don't know that there are advantages to a fraternal. All things being equal I would rather write and own a policy myself.
Many fraternal simply have better rates. Whe tt's the case I will write a fraternal. I'm not scared of fraternals nor do I use scare tactics to replace fraternals.
I think there are terrible fraternals, {foresters comes to mind}, and I think there are terrible insurance companies, {many come to mind but LH and Bankers head the list}.
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I've replaced 2 Bankers Life recently. Both were written by agents out of Indy.
Often times, a fraternal will have lower premiums.
A disadvantage would be that if the company failed, those certificates would not be protected under the state guarantee.
Well try and tell that to a person that has a Knight of Columbus or Lutheran Brotherhood (Thrivent) policy. You will get kicked out the door pretty fast.
Hard to play against the HELPING the CHURCH card with those fraternals.
- 7,015
Yeah the farthest I've gone is Columbus which is about 45-1hr from Indy. Just hate the idea of traveling too far out. Especially seeings how I don't leave from teaching till 9am. If the country is so much better,I guess starting at 11am instead of 10 wouldn't hurt...
- 19,673
We get a lot of poachers here from Indy and St Louis and Louisville.
The Bankers today was in Evansville. The other one was in a little town in Ky, Sturgis. That's where they have the "Little Sturgis" bike rally.
- 3,165
I just replaced another LH policy yesterday with Monu.....why Monu u might ask? She has COPD with no oxygen for the last 14yrs, and didnt tell the LH guy or he lied. I got her 9k, but 8k on standard monu rates was the same price as her LHs policy for 7k...that should tell you something about LH, HIGH!!! Without COPD, I couldve got her 10.5K for the same price.
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