FE carriers who will accept Social Security debit card?

[sman]

But trans has accepted those type of risks for a long time now with no changes. I think they know what they are doing when it comes to that.

I don't think they have a clue about anything else though.

Your point is blurred. You are not seeing the posts clearly. You are comparing two completely different things. "Oh, this companies super duper preferred rate is way cheaper than this other companies Modified plan! I would never write that expensive company!" You can not say MOO is so much cheaper than trans when you are comparing two different plans.

I could reverse that on you. Why is MOO so much more expensive on someone that is over weight than Trans is? Why is MOO so much more expensive on someone with Neuropathy than Trans is?

Why not compare the health 65 year old with just HBP to determine where they both stack up?

We can do hypotheticals all day long. But this was on a SPECIFIC set of circumstances. It was a general statement about MoO and Trans. I have no doubt that Trans is better in certain situations. That's why I came to this section of the forum to ask the folks who work the FE market. And all I said was at standard rates, MoO was much cheaper than Trans. I also clearly stated that if this particular person could qualify at preferred with Trans, then they are competitive. And I clearly stated I didn't know what Trans underwriting was like and I didn't have one of their applications.

Somehow that turn into me saying:

"Oh, this companies super duper preferred rate is way cheaper than this other companies Modified plan! I would never write that expensive company!"

Please point to the post where I said that. The MoO product doesn't have a "super duper preferred rate". And I never said "I would never write that expensive company".

You FE guys really like having d1ck measuring contests, don't you? Are we going to compare 1099's next? Can your dad beat up my dad?

This section of the forum is entertaining, that's for sure.

 

[bboman23]

I was just referring you you put up a 65 year old and compared MOO Level to Trans Standard. It was not a real client and you didn't list any health conditions. Not many people that can get MOO level that would not also be Trans Preferred. Trans underwriting is WAY more liberal than MOO's.

And you have to know that I am as far from a Trans advocate as you can find.

I was not trying to get into a fight or d1ck comparison. And my dad might can beat up your dad, I am not sure? How big a ole boy is your dad? LOL

 

[shonceman]

Stating a fact that a carrier is accepting a risk that other carriers won't and saying it may not be the smartest business decision is "salty"? If you say so.

Several years ago, MoO decided they would offer their Plan N Medicare Supplement on an almost GI basis. Many of us said that was a bad business decision and would cause rates to skyrocket. And that's exactly what happened and of course they stopped doing it.

I can assure you that if TA starts getting business like the one mentioned (5' 500lbs schizo), they will make adjustments to their underwriting at some point. Sure, it's good for those clients to be able to get coverage. But it isn't a good business decision in my opinion. How you read that as salty is beyond me.

Man you FE guys take stuff so personal and look for confrontation at every turn. I've gotten my answer that I came for. You guys have fun in this section of the forum.

I don't think he was being confrontational. I just took "salty" to mean you were taking a pessimistic view.

But your pessimism is not without foundation. I've seen a couple of life companies forced to sell or get taken into receivership because they wanted to be competitive, but their rates were too low to be profitable. I've seen a health company fail over lax underwriting when they were trying to buy the market. Health agents figured out where to take their "sickies", and the company went bankrupt. It's the reason FE companies will sometimes put limits on how much graded or ROP business they'll accept from an agent.

But I don't think TA is doing it foolishly like some of these I mentioned. They likely know exactly what they're doing.

 

[sman]

I was just referring you you put up a 65 year old and compared MOO Level to Trans Standard. It was not a real client and you didn't list any health conditions. Not many people that can get MOO level that would not also be Trans Preferred. Trans underwriting is WAY more liberal than MOO's.

And you have to know that I am as far from a Trans advocate as you can find.

I was not trying to get into a fight or d1ck comparison. And my dad might can beat up your dad, I am not sure? How big a ole boy is your dad? LOL

His name is Roy D Mercer. "Ain't nothing for him to whip a mans a$$" (not everyone will get that joke).

For what it's worth, I clearly stated in the post with the rates that she had a mini stroke 2 1/2 years ago. You state it wasn't a real client. I gave age, gender, tobacco status AND that she had a stroke. That's pretty specific and obviously very clear I wasn't talking about some generic 65 y/o female.

I also said in the same post that if she could qualify at preferred with Trans then they are competitive. So if you saw the post with the rate comparison (and obviously you did), then you either chose to ignore the rest of the post or didn't read it. Because I think I was pretty clear that she had the stroke and that if she could get preferred with Trans then they are competitive. So which is it, did you ignore it or not read it? Or worse, you read it and still wanted to make an argument about something I didn't even say. Hence the d!ck measuring contest comment.

You guys make it seem like I was intentionally arguing that Trans wasn't competitive when I clearly stated I didn't know if this specific client would qualify at preferred or not and if she would then again, Trans is competitive. Or somehow lifting MoO up as the end all, be all. And if we're being completely honest, MoO is STILL a lower cost option for this client even if Trans offers preferred. The issue here is the payment method. MoO won't do it with SS debit card and Trans will. So Trans is the better option, just not the lower cost option between the two. But they are the lower cost based on the way she has to pay.

I can't make it any more clear than that. If you guys want to still find fault in my assessment, have at it. You're just arguing for arguments sake.

 

[Birdman300]

Regarding the original question from the OP. I've used pretty much all of the main carriers that accept DE. My experience has shown me that most of our demographic know the exact date and time when their money gets deposited in their account...and 90% of the time they pull all the money out immediately (and I mean IMMEDIATELY). If the carrier doesn't draft the payment before my client withdraws the money, then there won't be enough money in the account.

In my experience, the best company I've seen that grabs that money fast is...TRANSAMERICA. I used to bash on Trans a LOT...but the reality is most of my grief with Trans was due to mistakes I was making on their application. That's not a problem anymore. Trans is not my favorite carrier by far. They just fill a niche for me. Just my 2 cents.

 

[bboman23]

His name is Roy D Mercer. "Ain't nothing for him to whip a mans a$$" (not everyone will get that joke).

For what it's worth, I clearly stated in the post with the rates that she had a mini stroke 2 1/2 years ago. You state it wasn't a real client. I gave age, gender, tobacco status AND that she had a stroke. That's pretty specific and obviously very clear I wasn't talking about some generic 65 y/o female.

I also said in the same post that if she could qualify at preferred with Trans then they are competitive. So if you saw the post with the rate comparison (and obviously you did), then you either chose to ignore the rest of the post or didn't read it. Because I think I was pretty clear that she had the stroke and that if she could get preferred with Trans then they are competitive. So which is it, did you ignore it or not read it? Or worse, you read it and still wanted to make an argument about something I didn't even say. Hence the d!ck measuring contest comment.

You guys make it seem like I was intentionally arguing that Trans wasn't competitive when I clearly stated I didn't know if this specific client would qualify at preferred or not and if she would then again, Trans is competitive. Or somehow lifting MoO up as the end all, be all. And if we're being completely honest, MoO is STILL a lower cost option for this client even if Trans offers preferred. The issue here is the payment method. MoO won't do it with SS debit card and Trans will. So Trans is the better option, just not the lower cost option between the two. But they are the lower cost based on the way she has to pay.

I can't make it any more clear than that. If you guys want to still find fault in my assessment, have at it. You're just arguing for arguments sake.

I love Roy D. Mercer!

I completely missed the client health info. Sorry about that.

 

[nfl72]

I like fire works. Roy I do not like!

 

[rousemark]

 

[Speck]

I think much of the confusion that caused this thread to go on longer than needed is Transamerica's use of the term "standard". When comparing their rates to other companies, their preferred should really be called standard, and their standard should be called substandard or similar, but I understand those terms don't give the positive connotation that the company is shooting for.

 

[Baseball7]

Not as bad as companies calling ROP 2 yr policies " graded"