GTL vs AM Graded

[PhxSunsFan]

Gtl raised rates and changed u/w
in this scenario for $10.000 graded 61 male graded

am am is 61.88 with 105% comm at 30% yr 1, 70% yr 2 and 100% yr 3 vs
gtl 71.50 with 75% comm at rop yr 1, 50% yr 2 and 100% yr 3

thiinking companies like am am and prosperity. etc. that offers similar.. are better for the client and better for the agent.. thoughts? thanks

 

[goillini52]

Gtl raised rates and changed u/w
in this scenario for $10.000 graded 61 male graded

am am is 61.88 with 105% comm at 30% yr 1, 70% yr 2 and 100% yr 3 vs
gtl 71.50 with 75% comm at rop yr 1, 50% yr 2 and 100% yr 3

thiinking companies like am am and prosperity. etc. that offers similar.. are better for the client and better for the agent.. thoughts? thanks

If they can qualify for the true Graded(30*70*100), of course they'd be better off. That's a no brainer.

 

[Baseball7]

Gtl is junk. Write a SSB company 1st whenever possible.

 

[DonP]

It depends who your writing . I’ve written about 30 Gtl . I’ve not had many problems with the drafting . It’s a much better product with the 50% second yr payout .Good for Chf . Good luck getting the graded am am threw . I’ve gotten 1 I think . Always goes to rop . I’ll sell some am am rop over age 65 with a 2 yr wait . My friend with the old contract makes 125% on the rop and he can write direct express .I really like am am I wish we had access to direct express .

 

[Baseball7]

Golden Solutions has the same comp on level and mod.

 

[DonP]

Correct but nobody can get that contract anymore from what I’m told . Whatever Fmo’s we’re on it are grandfathered in .

 

[Baseball7]

Golden solutions?? You can 100% still get it.

 

[DonP]

Really ?And you still have access to using direct express form of payment?Congrats I saw you on the leaderboard at IFG. I’m still trying to fig out why so many left Efes or whoever and went there . Comp’s pretty similar . Lead cost around $35-$37. Is their some type of ownership stake ?

 

[Baseball7]

Only part of my agencies contracts sit with IFG. Golden solutions pays the same on mod and level but does not take direct express.

thanks for the kind words

 

[rousemark]

Gtl raised rates and changed u/w
in this scenario for $10.000 graded 61 male graded

am am is 61.88 with 105% comm at 30% yr 1, 70% yr 2 and 100% yr 3 vs
gtl 71.50 with 75% comm at rop yr 1, 50% yr 2 and 100% yr 3

thiinking companies like am am and prosperity. etc. that offers similar.. are better for the client and better for the agent.. thoughts? thanks

Security National Security Care Limited is $65.63.. More health question but many cases that are normally being written as ROP will qualify. Commission at street is 80% but it has 6.25% renewal for 20 years. Death Benefit is 25%/50%/75%/100%.. One advantage of the plan is it gives you a graded benefit that goes all the way down to age 0 (30 days) and can be written as a life, 10 or 20 year pay.