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Who has a good product and who has decent contracts?
Guaranteed Issue Final Expense
- Thread starter AtlantaLife&Health
- Start date
B
Briefcaseboy
Guest
Also, which companies pay the best commissions on replacements ?
Presidential dont advance and only pays like 50% commissions.
If you are talking about a true Guaranteed Issue Plan.
But most graded plan that have a few questions, ask a lot more.
- 19,617
There really is no such thing. Presidential is not true GI, but close. 50% contracts are about tops. It's not priced well.
UHL has a pretend GI that is outrageously priced. Americo has the UIII which is true GI, but 3 times the cost of MoO.
Writing GI plans is also like donated work. I give them the number to MoO.
- 11,997
Presidential isn't terrible. It's also *very* close to a true GI.
- 19,617
I didn't say it was terrible and I said it was "close" to GI. What the op asked for was "good product and decent contracts".
Presidential is not good of a product nor does it have good contracts.
What he asked for doesn't exist. Ive heard of a product that's true GI and has about 40% contracts. Is that good? I don't think so.
- 11,997
For most situations pres is gi enough. 50% for what it is seems reasonable, but I also cut my teeth in new york where that is street.
What most people are not taking into account on Presidential is that the agents comp on most every GI or near GI product is going to be scaled back considerably regardless of carrier. You can't compare 50% to the 100% you get on level benefit policies, you've got to compare it the other products in your bag with similar underwriting. Taking that into account it's actually a pretty fair product.
....Or in a nursing home and want LTCi.... or need dentures and now want dental insurance, etc. etc.
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