Final Expense GI That Takes Debit/credit

[incis]

Does anyone know of a GI FE carrier that takes a debit/credit card for monthly payment. I have Presidential but they don't.
thanks

 

[Orangechpper]

Vantis life Guaranteed Golden does. Its pricing is very reasonable, but commission isn't great.

 

[incis]

Vantis life Guaranteed Golden does. Its pricing is very reasonable, but commission isn't great.

thanks for the info

 

[Orangechpper]

apparently i can't respond to Private messages yet.

Commission for me is strange because I get bonuses. I get 33% plus 20% bonus. So I imagine with a direct contract you'd get 50-60%. Not sure. I use RNA or others for FE and only use Vantis if the CC or health is an issue.

Also, ING will allow you to use debit/cc to START a policy on Term or ROP term. But no recurring charges like Vantis will do.

 

[jdmiii]

Lincoln Heritage accepts credit/debit cards and is nearly guaranteed with the graded benefit plan.

 

[jdeasy]

Lincoln Heritage accepts credit/debit cards and is nearly guaranteed with the graded benefit plan.

They no longer take credit cards for recurring payments. And he said he needed GI, not near GI.

 

[theinsuranceman]

Senior Life Insurance Co. takes both. Their website is Senior Life Insurance Company | Home.

Since this type of biz has terrible persistency they only pay as earned. NC has a truly GI FE wirh ZERO health questions ages 0-85 with them. That's right, ages 0-85. Other states almost a GI.

 

[bill3173]

Senior Life Insurance Co. takes both. Their website is Senior Life Insurance Company | Home.

Since this type of biz has terrible persistency they only pay as earned. NC has a truly GI FE wirh ZERO health questions ages 0-85 with them. That's right, ages 0-85. Other states almost a GI.

I haven't sold FE with CC payment, but have a lot of dental insurance clients that use a CC to pay and the persistency has been excellent.

In your experience, why is the persistency so bad with CC for FE?

 

[theinsuranceman]

I haven't sold FE with CC payment, but have a lot of dental insurance clients that use a CC to pay and the persistency has been excellent.

In your experience, why is the persistency so bad with CC for FE?

FE prospects don't usually have dental insurance and are probably not be a good prospect for it. People who have dental insurance would probably have more discretionary income than the ave. FE prospect.

The successful way to use CC for FE is to charge the whole year's premium at once.

 

[incis]

actually this particular client yes needs GI and has only a debit card