General Fortesters/Americo Comparisons

[jdeasy]

The client had already paid a first month premium of $76 per month. She then decided she needed to be under $70 so I got her $69.75. So Americo wouldnt pay until I got the amendment signed lowering her coverage.

Most companies are that way. I just had a couple with RNA that wanted a lower premium than they first agreed to. I called RNA and reduced the coverage. The policies were issued and I had them sent to me with the amendment. I just got the policies on Mon and haven't delivered them yet nor gotten the amendment signed. I have already been piad on them by RNA.

They are the only company I've ever written that will go ahead and pay the agent in those situations.

 

[nfl72]

sounds like one more reason to use RNA

 

[TDFnCali]

nfl72,

I use RNA, Monu, Americo, Foresters & UHL in that order.....Foresters used to be after RNA, but Id prefer Monu or Americo before them now.

Monu IS amendment happy, but other then that, Ive had no problems with them...accepts more of my "iffy" clients. And NO ONE beats Monu's rates for ppl 77-85. Americo is primarily for smokers...u cant beat their smoker rates, but in Cali I dont come across smokers like perhaps JD does.

Give Monu a try...like JD says Americo's status info is on their site, they dont contact u unless needed. And like most carriers, Americo's status info is always a day behind. That's another + for Monu....status updates are updated in REAL TIME!!

Just my 3cents!

 

[Newby]

nfl72,

I use RNA, Monu, Americo, Foresters & UHL in that order.....Foresters used to be after RNA, but Id prefer Monu or Americo before them now.

Monu IS amendment happy, but other then that, Ive had no problems with them...accepts more of my "iffy" clients. And NO ONE beats Monu's rates for ppl 77-85. Americo is primarily for smokers...u cant beat their smoker rates, but in Cali I dont come across smokers like perhaps JD does.

Give Monu a try...like JD says Americo's status info is on their site, they dont contact u unless needed. And like most carriers, Americo's status info is always a day behind. That's another + for Monu....status updates are updated in REAL TIME!!

Just my 3cents!

American Memorial beats their rates on 80-85. They kill the commission % on those ages though.

 

[TDFnCali]

American Memorial beats their rates on 80-85. They kill the commission % on those ages though.

Forgot about aspect too...Monu doesnt cut commish on older ppl like Foresters, RNA, Americo & UHL do! I dont have American Memorial, but for the ones I do have, anyone older then 77, Monu will bet them hands down!

 

[Mark]

Forgot about aspect too...Monu doesnt cut commish on older ppl like Foresters, RNA, Americo & UHL do! I dont have American Memorial, but for the ones I do have, anyone older then 77, Monu will bet them hands down!

IN Dec UHL will no longer lower commissions on older ages.