Final Expense Companies That Can Sell in New York

[Todd King]

MedPlanSolutions hit the nail on the head. Focus on the 3 main players.

Columbian and Amer Progressive go up to 25k. Presidential up to 50k. You can get level or graded on each. Death Benefit limitations on age and for graded policies. In NY, the age restrictions are tighter than the rest of the country.

For those who want underwriting and are price sensitive, Genworth goes as low as 25k in NY.

Most companies cut commissions in NY. It has something to do with the NY laws where they can't pay out more than 99% or something like that. Do these 3 also cut commissions?

I know that CSA doesn't cut commissions for NY.

 

[Josh]

Most companies cut commissions in NY. It has something to do with the NY laws where they can't pay out more than 99% or something like that. Do these 3 also cut commissions?

I know that CSA doesn't cut commissions for NY.

Go on and tell us more about CSA. I'd be curious to know about how they have been "getting around" it and what their products are like.

To answer your question, yes, none of the companies offer commissions as high as you'll find with FE in most other states.

 

[Todd King]

Go on and tell us more about CSA. I'd be curious to know about how they have been "getting around" it and what their products are like.

To answer your question, yes, none of the companies offer commissions as high as you'll find with FE in most other states.

I honestly don't know the exact particulars, but it has something to do with CSA being a fraternal organization that allows them to do it.

 

[Mark]

Ive seen this in New York also. Foresters is allow to pay higher commission than all the others because they are a Fraternal.

 

[Arthur Rudnick]

In NY, Presidential offers a Graded policy through age 75, up to $50k and a Simplified one through age 80 up to $20k.

 

[Todd King]

Ive seen this in New York also. Foresters is allow to pay higher commission than all the others because they are a Fraternal.

Yep, too bad their Plan Right (FE) isn't approved in NY. That would be great if they were!

 

[Ricci]

I have a company that is going to release a New Final Expense for New York on March 7th that has level, modified and graded benefits. Plus they can pay 100% commission with 9 months advancing in New York. A Rated Carrier. E-Mail or give me a call. Rick Erish 800-662-5080 Ext 245 [email protected]

 

[Mark]

Yep, too bad their Plan Right (FE) isn't approved in NY. That would be great if they were!

Yes, Foresters only has the BIGUL in NewYork. I wish they had the plan right there.

 

[Josh]

Who is the carrier?

 

[TRSecurity]

Yep, too bad their Plan Right (FE) isn't approved in NY. That would be great if they were!

Foresters Plan Right is approved in NY.