- 7,015
Those apps always charge back. If they don't even have $20 to spend, they're the ones that will really notice $15 missing each month.
Got a question about cancelations
- Thread starter Realdude
- Start date
Those apps always charge back. If they don't even have $20 to spend, they're the ones that will really notice $15 missing each month.
- 4,130
Those $4-$15/m child whole life's rarely fall off.
- 26,179
Because they were sold, at least a enough to pay for it right then.
- 5,947
I still remember the farmer that wrote me the first $1K I ever took... I think it was around $1400. Years premium on a cancer plan... the Cadillac.
- 4,307
I agree with Rouse and others here. If you're going to write direct bill, collect the first premium or two. And be careful about writing small face amounts or small premiums whether direct or draft. The smaller ones tend to lapse more. Even if I'm just writing kids, I need to see a total of at least $20-30/mo. Then they might keep it. I remember a couple of companies that used to require at least $20/mo. as a minimum on direct billed cases.
Exactly like the car business. The deals where you made the least money always had more hassles. Skinny deals are mostly a waste of time and are to small to waste even more time trying to save them. Also they hurt your persistency, which can keep you from qualifying for trips. Too much downside. Just blow them off and go for the bigger fish in the pond. Anything less than $30 is a waste of time. Unless maybe if its the first one of the day and you want to start off on a positive note. Other than that just politely move on to the next one.
CasualT
Expert
- 46
I've written a few children's policies with MOO. I did the onsies and it was a waste of time. Now after a little more time in I either write the kids up as a rider on a FE or Term policy. Or if grandma wants to insure more than one kid and the MOO childrens premium is hitting $25 or more a month I will a moo whole life.
Also with MOO they take Metabank and pay on issue. Don't do it.Don't take it. If they using metabank pass or put them with a company who pays as earned if you want to go through the trouble. Lapse city.
Also with MOO they take Metabank and pay on issue. Don't do it.Don't take it. If they using metabank pass or put them with a company who pays as earned if you want to go through the trouble. Lapse city.
- 4,130
I get a kick out of people thag say they'd walk on what appears to be good business. "Mr. Agent I need Insurance I have a bank account and I can only afford $25/m"
You really walk on that?
You really walk on that?
- 7,015
Not at $25. I've just always had a $20 min.
Now that doesn't include children's policies. Those have ranged as low as $5/Mo in the past. But with a real parent/grandparent policy.
NFL is right. Those smaller policies give you the most headaches and drop off at a higher percentage than the others.
After starting at $100/Mo or showing 3 prices at $50-$125ish, if they walk you down that far, they are either not that serious OR too broke to afford anything.
I missed the direct bill part. Were these little policies direct bill too? Talk about a waste of time!!
Similar threads
