Fun Question! How big was your largest individual policy sale?

Jul 24, 2008

  1. fjman
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    fjman Super Genius

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    I'm about to drop a WL app for $30K+ and wondering "what's everyone's largest individual life sale?"

    I know 30K isn't much for some of the producers out there but I also realize its a big case for most.

    So whats your biggest single case? What did you write and why? Let the egos fly!
     
    fjman, Jul 24, 2008
    #1
  2. Crabcake Johnny
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    Crabcake Johnny Guru

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    $11,000+ premium - former football player - went to his small mansion for a face to face. Wanted no more than a $500 deductible - I talked him into $1,000 but he wouldn't budget past that.
     
  3. senior-advisor-indiana
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    senior-advisor-indiana Guru

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    I have never seen a life insurance policy with a deductible? Is that unique to your state?:skeptical:

    My biggest life sale was a $30k SPWL. Lady had POD CD's and we tranfered that money onto the SPWL. Gave her grandkids about double the money.

    Also, my largest annuity was 184K. I sold it because I needed to pay off a gambling debt. She was 85, we put in every penny she had into a 30year contract. :laugh:
     
  4. theinuranceguy
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    theinuranceguy Guru

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    My Grandma is still pissed off at you!
     
  5. bill3173
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    bill3173 Guru

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    Take it from me, $30K is a large premium to anyone selling life, even people from Ct. My largest thus far was a $36K on a 15 year term. 18 months later he converted the policy to a UL and the commissionable premium was $55K. The premium was fully commissionable at 85%. From what I understand though, this is a bi-weekly occurence for Ct. Life agents.
     
    Last edited: Jul 25, 2008
    bill3173, Jul 25, 2008
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  6. bluemarlin08
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    bluemarlin08 Guru

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    $575,000 annual premium for 2 fifteen million second to die policies.
     
  7. CHUMPS FROM OXFORD
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    CHUMPS FROM OXFORD Guru

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    Well...I was going to post my all-time huigh (Second-to-die with Phoenix Life). But after seeing bluemarlin's premium...I'm too embarrased to talk about it.

    Hell of a job blue.
     
  8. bill3173
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    bill3173 Guru

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    Please post it. I'm just starting to get back into writing life insurance with some regularity, and its good to know something about what's going on.
     
    bill3173, Jul 25, 2008
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  9. bobson
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    bobson Guru

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    I once sold a guy in his 70's a homeowners policy. He couldn't see very well so I had to blow up the policy onto 17"x22" paper. That still is the largest policy I've ever sold.

    *rimshot*
     
    bobson, Jul 25, 2008
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  10. arnguy
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    arnguy Guru

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    Huh? I too never heard of a life insurance policy with a deductible. I wonder what it was that John P. sold that football player.:skeptical:
     
    arnguy, Jul 25, 2008
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