- 5,309
Cal-Star shows up on FEXQuotes with a low-issue age for near guaranteed issue type plans.
Anyone have experience with them?
Anyone have experience with them?
Ever Worked With Cal-Star?
- Thread starter Rearden
- Start date
- 7,012
I just heard their name yesterday in passing. Don't really know anything about them.
- 30,590
I have them, but have never used them. Last resort. Here's a thread where we were discussing them.
https://insurance-forums.com/community/threads/guaranteed-issue-under-40.37721/page-11
- 30,590
I think I got that same call yesterday. Not sure because I didn't answer the call, but it was from Colorado. (303) 923-1323.Never heard of them but I got a call from some outfit in Colorado pitching med supps from Shenandoah Life. Remember them? Looks like a price buster but you know how that can go.
- 30,590
You can also read their UW Guide on FexQuotes.
That's financial media group, imos contract them to recruit agents.
It is a group term plan, banded rates, goes up as they age, 11 month "waiting" period before it goes in force.
- 30,590
You get a page that you can sign people up(has to be online), and you can have your downline sign up on that same page. You have to decide what % you give them. You can get as high as 20%, what you give your downline is up to you. I contacted a couple of the FMO's shown on FQ and all but one was offering 15%. The 20% is level as long as it's on the books.
- 30,590
.................
CalStar- Writing # *Issue ages 18-74*Almost Guaranteed Issue*$20K Level Term through Emergency Management Alliance (EMA) *4 simple questions (1.Has the enrolling member, spouse or child received treatment for Cancer in the last 180 days? 2. Has the enrolling member or enrolling spouse or child been diagnosed as Terminally Ill? (Terminal illness is a disease that cannot be cured or adequately treated and that is reasonably expected to result in the death of the patient).3. Is the enrolling member, spouse or child confined to a Hospital, Hospice Facility or any Assisted Living Facility? 4.Is the enrolling member unable to work a minimum of 20 hours or more per week on a regular basis?)*Unisex non tobacco rates*Only your residence state license is required*Non-resident license not required* Increasing LIFETIME commissions*Takes Debit Card, Credit Card and Direct Express*Full benefit after 1 year*No chargeback on death*No phone interview*No signature required*Fully automated sales process online*Benefit Reduction Due to Age*When a Member turns 70, coverage reduces to 65% of the face amount in effect just prior to age 70. When a Member turns 75, coverage reduces to 50% of the face amount in effect just prior to age 70. Policies issued to individuals over age 70 initially are automatically reduced in accordance with the schedule*20% commissions as earned.
And that's all I know.
I think Matt Schmidt has used them.
