damadcrapper
Super Genius
- 157
Do we have any fans of adding riders to FE policies? AD&D, Grandchild, etc.? Who has the best and which make sense?
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Grandchild/Greatgrandchild riders like the one Columbian has can help increase the persistency, especially if the agent that follows you in the door can't include the GKs. I have never been a big fan of AD because a lot of them terminate at 80 but again, Columbian's remains until age 100. The company has it faults with their product (as far as underwriting and pricing) but they do the riders right.Do we have any fans of adding riders to FE policies? AD&D, Grandchild, etc.? Who has the best and which make sense?
Especially if you use United American. However, the thing that makes Columbian's rider a little easier than many is you only have tp have the child's name and age. No SS number or DOBI like adding an ADR. For $12.50 a year you can double their benefit on a $10K policy if they die from an accident.
I also don't like adding the child riders, because at those young ages the premium's not much to get them their own policy.
I am not a rider fan. I never add child or grandchild riders. And maybe only 2 or 3 times a year do I add AD&D.
I am a believer in selling child policies. And I write quite a few of those.
A policy in their name with their name on it is far superior to a rider that expires.
And I’m a believer in limited pay for those kids too. “do you want to give them a bill at age 20 or a paid up policy?”
Never once had someone say they prefer to give them a bill.
As far as persistency, I’ll put mine up against anyone depending on child riders.
Nor have I ever had a problem replacing a policy with riders with one that doesn’t.
I am not a rider fan. I never add child or grandchild riders. And maybe only 2 or 3 times a year do I add AD&D.
I am a believer in selling child policies. And I write quite a few of those.
A policy in their name with their name on it is far superior to a rider that expires.
And I’m a believer in limited pay for those kids too. “do you want to give them a bill at age 20 or a paid up policy?”
Never once had someone say they prefer to give them a bill.
As far as persistency, I’ll put mine up against anyone depending on child riders.
Nor have I ever had a problem replacing a policy with riders with one that doesn’t.
I sell a lot of child policys . The problem with paid up is if they have 3-5 grandkids it’s too expensive.