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Add 20% to their rates and look where they land. The real question is what would you use them form rather than Lifeshield, FBL, Security National? At +20% they are in Americo UP1 and Trans standard price levels.
Foresters the new (old) Trans
- Thread starter HoosierLife
- Start date
Add 20% to their rates and look where they land. The real question is what would you use them form rather than Lifeshield, FBL, Security National? At +20% they are in Americo UP1 and Trans standard price levels.
- 4,119
The fact that they pay far higher compensation other three baby companies?
- 924
MoO isn't going up by 20%. The rate increase is very moderate to say the least. They will still be on the low end relative to other carriers.
Puts them in LH territory..
- Thread starter
- #25
- 7,012
Oh they're lowering comp by 5% across the board too.
- Thread starter
- #26
- 7,012
Yeah and what I heard is 10% rates increase on Level, lower rates for graded, 5% decrease in comp and 20 year ROP is going away from TLE.
I don't know about an UW changes, but it's all got to happen by Dec 7th right?
I don't know about an UW changes, but it's all got to happen by Dec 7th right?
- 5,939
So you have the new rate sheets? How do they compare to the current rates below?
Current Male N/T $10,000
Age 50 = $24.67
Age 65 = $41.01
Age 75 = $72.41
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If they really lower by 5% it will put them about the same. Family Benefit/Trinity has sweet underwriting advantages and pays new agents 110% plus a 5% lead credit. So effectively 115%. So probably the same for most agents or a 5% difference.
- 30,530
What's MOFO's street?
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- 4,119
I try to strike the balance between the agency view and the agent view. Yes you can have an almost equal compensation level on Family benefit compared to other carriers but there's little to no room for downward hierarchy levels before you start shorting your agents.
