- 30,592
Yeah, that really pisses me off! It's so misleading, especially for a new agent. It confuses them and they could give some wrong info to a prospect.
FE carriers who will accept Social Security debit card?
- Thread starter sman
- Start date
- 7,015
See I didn't know that. I've written one Living Promise in my life and it was a hail mary. Went graded. I've used their Children's WL a few times. Only use I see for them.
- 7,015
I think I see the problem. You said the client had a stroke 2.5 years ago. Almost every FE company, Trans and MoO included, only ask out 2 years for strokes.
So Trans would offer this person preferred rates. If the stroke had been less than 2 years but over 1 year, Trans would have still offered standard rates, where MoO would have offered Graded or worse.
So when you originally compared MoO Level to Trans Std it threw everybody.
So Trans would offer this person preferred rates. If the stroke had been less than 2 years but over 1 year, Trans would have still offered standard rates, where MoO would have offered Graded or worse.
So when you originally compared MoO Level to Trans Std it threw everybody.
- 15,041
Good luck getting a diabetic approved level at MOO, particularly one on insulin. In the past, and I doubt it has changed, it was amazing how many the determined to have complications and became graded.
- Thread starter
- #55
How did the post below (it's copied and pasted) confuse or "throw" everybody? Especially, the FE "experts" here. The post was in response to someone saying Transamerica was competitive.
"65 y/o female tobacco at standard:
United of Omaha (Living Promise) - $56.00
Transamerica (Immediate Solution) - $76.44
Am I missing something as far as product and rates for Transamerica? I understand the issue with the quality of the business, but I don't consider the rate listed above to be competitive. As I said, not sure what qualifies a person for "Preferred" with Transamerica. If the same person above could get preferred with them, then they are competitive. She had a mild stroke about 2 1/2 years ago. She can answer no to the question regarding stroke with United of Omaha since it only asks in the last two years. Would that person qualify at preferred with Transamerica? I'm asking as I really don't know since I don't have a copy of their application."
I clearly said I didn't know Transamerica's underwriting and whether or not she'd get preferred with them. See the parts in bold above? Two of those are questions for which I genuinely wanted an answer. The simple answer would have been something along the lines of:
"Based on the info you provided she would likely get preferred with Transamerica which makes them competitive with the MoO rate. And since they'll take the payment from a SS debit card and MoO won't, that's going to be your best bet."
But those kind of answers don't happen often in the FE forum. As you can see, when Baseball7 said she would likely get preferred I thanked him. But then others jump in and tell me how I'm wrong and not comparing apples to apples and why my post was confusing. If the above post I referenced is confusing....never mind.
- 30,592
Hahaha, remember...the FE Forum is here for entertainment.
- Thread starter
- #58
Hahaha, remember...the FE Forum is here for entertainment.
Definitely. I was hesitant to even post the question here for reasons that should be obvious to most anyone.
- 544
I wanted to use them when I first started in this biz, but they were never in my states. There seems to be a LOT of states that they still aren't licensed yet. Also, being low price def has it's place...but it's not the most important thing...for me at least.
- 2,584
This is where we as non FE agents should not allow the FE recruiters to make us feel any hesitancy to post. They are hurting the forum. As long as they only bash each other and make good entertainment is it ok.
