Frank Bettger
Expert
- 36
Once you achieve the impossible (Getting the prospect to say yes) How likely is Farmers to write the policy? How long does it take them to do so?
Farmers Underwriting
- Thread starter Frank Bettger
- Start date
- 24,956
IDK, a buddy of mine is a top Farmers (New World) Life writer. He is a cross selling machine.
On the other hand, I replace Allstate and Farmers all the time. Their term and UL is easy to replace.
On the other hand, I replace Allstate and Farmers all the time. Their term and UL is easy to replace.
- 15,041
FYI, I have no personal experience with Farmers.
Odds are, they are a typical captive life company. They are looking for standard risks or better. If you find yourself answering yes to a lot of underwriting questions and having to give extensive health history, Farmers is probably not going to be the company for them.
Odds are, they are a typical captive life company. They are looking for standard risks or better. If you find yourself answering yes to a lot of underwriting questions and having to give extensive health history, Farmers is probably not going to be the company for them.
- 1,473
About two weeks to get approval. I do allstate and that's how long it takes.
- 11,995
It takes you two weeks to get a policy issued with Allstate?
- 15,041
For fully underwritten? That is lightning fast. Usually it is more like 4 to 6 weeks.
- 1,473
Well once they get all what is needed like blood, MIB. Let's call it one month okay.
- 15,041
That's typical. Rare to see a fully underwritten issued in less than a month after the app is done. Something always seems to happen. I routinely have blood in the system before the app is even entered, and it still somehow always seems to take a month.
- 11,995
The OP didn't specify life or personal lines. I'm presuming he meant personal lines because that's what their focus is on, but maybe they will clarify.
You're at Allstate as a captive then?
G
Guest
Guest
With Farmers rates, I am surprised they issue ANY life policies.....
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