I have been using 5 Star for quite a while and love that they give me the option of completing a telephone interview. Most of the time I do it, but sometimes I don't (we've all been in that smelly nasty house where you just want to get out asap). I know Royal Neighbors has a setup where some IMOs aren't required to do the interview but wanted to know if any others with that flexibility.
FE Carriers with Optional PHI
- Thread starter mbiallas
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- 5,309
Monumental and Americo.
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- #3
My experience with both those carriers is that may require a PHI after the underwriter gets the file (which I hate by the way - either require it at point of sale or don't doing at all). Are you telling me that I now have the option of completing a point of sale interview that will give me a rock solid underwriting decision with Monumental and Americo? That woould be handy.
- 19,666
It's optional with RNA if you are an "elite" agent with them. I'm not sure of what it takes to be on that list so maybe a call to RNA to find out is in order?
- 5,309
No -- it's randomized still for both.
What you're looking for really doesn't exist beyond 5-Star regarding competitive FE carriers.
- 3,165
I have yet to get a PHI for Americo & I have had only 3-4 out of about 40 apps with Monumental....thats MY exp at least!
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- #7
Well I have written a total of 1 policy (scratch that - certificate) with them so I would imagine I've got a long way to go!
- 3,764
Yup...your upline should be the ones educating you on this. Give them a call on Monday so they can earn their over rides from your business. The way it seems, they haven't done anything for you yet
- 19,666
I can't remember the last one I got from Americo. It's been more than a year. Monumental on the other hand has called every single one I've written this year.
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- #10
I am moving from one IMO to another very soon and my current IMO is willing to release all my contracts except 5 Star. Not really sure why and it doesn't make any sense to me. But if I have to live in the FE world without 5 Star (frown) I want to know what alternatives are out there with their flexibility.
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