Email on New GI Issue Product!

[Newby]

3-year ROP is a rough thing to sell. I used to have a small GI product that was CHEAP! It was around 20% cheaper than MOO. But in 2-years I only sold around 20-policies with them. Most people wouldn't go with a 3-year wait.

 

[TDFnCali]

3-year ROP is a rough thing to sell. I used to have a small GI product that was CHEAP! It was around 20% cheaper than MOO. But in 2-years I only sold around 20-policies with them. Most people wouldn't go with a 3-year wait.

+1

Cept on ppl under 50, esp 40...if they need a GI, 3yr wait isnt unreasonable, tough to get GI for them!

 

[RBHAGENT]

Word on the street is NGL is already pulling the product...tomorrow will be buzzing with rumors.

 

[TDFnCali]

Word on the street is NGL is already pulling the product...tomorrow will be buzzing with rumors.

Having a 3yr ROP at ages (50-59) where several other products are only 2yrs is a killer, who's idea was that? Change that, and its good!

 

[Senior Benefit]

NGL decided not to release the GI plan to the independent agent channel.

 

[gordon112]

Yes, I just got the news from one of my FMO's,...Product is withdrawn, most likely due to risks they didn't want to take.

 

[Mattschmidt]

Yes, I just got the news from one of my FMO's,...Product is withdrawn, most likely due to risks they didn't want to take.

So they email blast agents and IMO's, about this innovative product, then decide a day later to change directions... makes you wonder about the people making decisions at this company

 

[GoCubsGo]

Its actually a 3yr ROP for ALL ages under 60!

And as far as which is best for the client, to each their own....everyone moral compass is at a diff setting. I agree with mustfastpitch on some level to a certain extent and I certainly agree with Chris too.

For instance...I wouldnt sell Americo's UPIII to ANYONE, but I wouldnt knock a guy who sold them this product over Vantis cause its $10 more, but he's compensated much better either. There's no foul play there. I like this new product over Vantis for ppl under 50 & for ppl over 80. But Im still not sure if I would use NGL for ppl 50-80, heres why-

There's 2 things that ea agent should decide on their own as far as being compensated & whats best for the client....1) For ppl over 70 but under 80, Vantis is FAR CHEAPER, so what will you offer your clients? 2) For ppl 50-59, NGL, while the price is competitive with Vantis, theres a 3yr ROP window instead of 2. So its not just price & compensation anymore......so is it really better?

Well put and I agree with what you say. When I saw that chart showing the difference between Kemper and Vantis I couldn't help thinking who would put a senior with Kemper regardless of commissions. I couldn't. But to do it so you can out a few more bucks in your pocket seems wrong to me. An 80 year old would spend $71 more a month. A 75 year old $45 which is $548 more per year and maybe over $5,000 in their life time. A lot of money for a low fixed income senior.

 

[gordon112]

So they email blast agents and IMO's, about this innovative product, then decide a day later to change directions... makes you wonder about the people making decisions at this company

It's NGL and had a dealing with LH at once so I would agree!

 

[Daytona_Guy]

Anybody have the new GI issue National Guardian Life (NGL).

Now no one does.

They did not think that one through.. sad display of unprofessionalism.