Golden..

[NuUzr]

I did replace one policy. It had been in place for 10 years. She is 63 years old and was paying $56/month for $7500 DB on what was a GI policy that she bought from a door to door insurance salesman when she was a healthy 53. I replaced it with a $20,000 level for $84/month. She also got over $2000 cash back from the GI policy (she chose not to take the reduced paid up). She is paying $28/month more for $13,500 more death benefit. I could have saved her a bit more but she does have a few issues, e.g. she is a bit too short for her weight, has a touch of the neuropathy, etc. But I did get her a fair premium based on what she qualified for on a SIWL underwriting basis, and I feel I did the right thing for her. I also feel that her original insurance agent could have done better for her.

What happens with the benefits if she passes before 2 yrs?

 

[goillini52]

What happens with the benefits if she passes before 2 yrs?

From all of your reading on the Forum, what do you think will happen?

 

[DayTimer]

What happens with the benefits if she passes before 2 yrs?

Carrier did MIB and RX prior to approval and issue. I imagine they will investigate to make sure that neither she nor I committed fraud on the application, and then, assuming both she and I told the whole truth, her beneficiary will get the funds.

Are you licensed yet?

 

[Life Hawk]

Carrier did MIB and RX prior to approval and issue. I imagine they will investigate to make sure that neither she nor I committed fraud on the application, and then, assuming both she and I told the whole truth, her beneficiary will get the funds.

Are you licensed yet?

Do your job the best you can and leave a paper trail that supports its.

 

[Gooner]

Carrier did MIB and RX prior to approval and issue. I imagine they will investigate to make sure that neither she nor I committed fraud on the application, and then, assuming both she and I told the whole truth, her beneficiary will get the funds.

Are you licensed yet?

Just pray you didn't write them with AmCon or Americo

 

[DayTimer]

Just pray you didn't write them with AmCon or Americo

Nope ... but, may I ask, why?

 

[Gooner]

Nope ... but, may I ask, why?

America calls it their 50/50 rule of not paying...Amcon has just dragged their feet on paying a couple that I wrote. I did have 2 policies not paid...part of the reason I quit...those were UH and RNA. I got my Americo pushed through after a lot of fighting.

 

[HoosierLife]

America calls it their 50/50 rule of not paying...Amcon has just dragged their feet on paying a couple that I wrote. I did have 2 policies not paid...part of the reason I quit...those were UH and RNA. I got my Americo pushed through after a lot of fighting.

I think they all have the 50/50 rule. And if you're quoting JD, he was referring to another carrier.

 

[ExProgrammer]

I think they all have the 50/50 rule. And if you're quoting JD, he was referring to another carrier.

No. He was referring to Americo. He did it frequently. Here's one time:

https://insurance-forums.com/community/threads/americo-advantages.81064/page-2#post-1085376

TPAAgent criticized them about that in the same thread, also. I've heard a lot of good things about Americo. But those two seemed to have bad experiences with them.

 

[Biggin]

I don't think it matters what company you talk about, if it's contestable it will be contested. If it's contested, you got a 50% chance of payout. You can love any company you want, but I can't see how you're ever gonna get better than a 50/50 on a FE contested claim.