Final Expense Program

Discussion in 'Final Expense Forum' started by lifesettlementadvisor, Oct 17, 2008.

  1. lifesettlementadvisor
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    lifesettlementadvisor Well-Known Member

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    We have several programs in place…the fastest one currently is selling a final expense policy over the phone.

    No signatures
    No applications
    The client hangs up the phone with coverage in place
    The agent is PAID twice a week!!

    We have two lead systems in place, both telemarketing leads.

    Once they hear the message, they hit the number 1 and are transferred to a live operator who qualifies them again. After that, the lead is sent to the agent within the hour.

    When you can call the applicant, tell them the program, and get the insurance carrier on the phone. The carrier then 3 ways the client onto the call, verifies the answers, then the client is given a policy number on the phone! They hang up with coverage in place. Takes 20-30 minutes total for a sale!

    There are three final expense programs – an immediate benefit plan, a graded plan, and a ROP plan depending on their health.

    If you would like more information or contracting paperwork, send me an email to [email protected]

    We also sell almost all term, final expense, annuity and UL carriers as well.
    Let me know what you are interested in selling and we will send you a competitive offering on commissions.
     
  2. rapidrobert
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    rapidrobert Well-Known Member

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    Okay guys- why no commentary here? I'm curious what is the consensus, or is there one?
     
  3. myinsurebiz
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    myinsurebiz Well-Known Member

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    What do you want to know Robert?

    Tom
     
  4. Accu Lead
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    Accu Lead Active Member

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    some guys must be making some money at this, cause agents are calling wanting to pay a big price for final expense leads....
     
  5. lifesettlementadvisor
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    lifesettlementadvisor Well-Known Member

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    I have a group of agents that are selling this product full time. They are bringing between 3500-5500 of first year premiums a week!
     
  6. Slim
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    Slim Well-Known Member

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    How much does it cost them to do this
    lead gen / tele-sales ?

    Why do you have to advertise such an easy system? Seems like the recruiting would be simple to do. You should have us beating down your doors if so simple.

    What's the catch? Sounds good but looks fuzzy from here.

    Help me see clear.
     
  7. lifesettlementadvisor
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    lifesettlementadvisor Well-Known Member

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    Lead cost is $10 a lead. There is no cost for the telesales part, no recording devices needed, ect.

    You are right, agents are beating down the door for this product. Even with a great product, you still have to advertise; so I spent the 2 min. and put a post on this board.
     
  8. HomeService
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    HomeService Well-Known Member

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    People are jumping into "final expense" lately becaue MA plans are kind of messed up, and this is perceived to be the "next big thing"... but I have been selling it since 1986. So I don't see what the big deal is -all of a sudden.
     
  9. mjoeriggin1
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    mjoeriggin1 New Member

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    Sounds good ! Tell me more.....
     
  10. mjoeriggin1
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    mjoeriggin1 New Member

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