Help!.. Rate my IMO List of Carriers

Jun 5, 2016

  1. jboussea
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    jboussea Guru

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    Out of the roster below.. who would you say are some stars in various aspects of Life insurance.. Obviously I'd like to focus on a select few.. I think I have a good idea of who to go to for FInal Expense .. but not sure about the rest


    American Continental
    American Equity
    American General Life Ins Co
    American National
    Americo Financial Life and annuity
    Assured Life Ins Co.
    Baltimore Life
    Banner Life
    Cigna
    Columbian Life
    Delaware Life
    Foresters
    Forethought
    Genworth
    Great Western Ins
    Heartland National
    Integrity Life Insurance
    Lincold Financial
    Medico Corp Life
    Medico Ins Co
    Minnesota Life INs Co
    Mutual of Omaha
    National Western Life INs
    Northa American CO for Life and Health
    Protective Life Ins
    Royal Neighbors of America
    Sentinel Security Life ins
    Transamerica Maroon Family
    Transamerica premier Life INs
     
  2. DHK
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    DHK "YOU CAN'T HANDLE THE TRUTH!"

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    My opinions are there next to the bolded type. I'm assuming that you're going to be focusing on term and IUL?

    If I were to rank them, I'd put Minnesota Life & North American at the top of the list, followed by Lincoln and ANICO. Then, I'd pick Assurity over Mutual of Omaha in this list.

    Others may have other opinions. Gotta study these out for yourself and come up with some conclusions as well.
     
    DHK, Jun 5, 2016
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  3. jboussea
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    jboussea Guru

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    great . THanks DHK .. hopefully others find more gems... I need more options of WL ..

    im really looking for some good WL options... not just IUL and term...

    what are some great carriers for whole life who are not on this list ..

    also.. how would you rate the illustration softwares of the ones in bold?
     
    Last edited: Jun 5, 2016
  4. Newby
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    Newby Guru

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    If you are looking for traditional life or term with good conversion options I'd look at Ohio National, LaFayette Life and Guardian.
     
    Newby, Jun 5, 2016
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  5. jboussea
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    jboussea Guru

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    Thanks.. I heard good things about Ohio National


    The website in your signature... is that for Final expense only?
     
  6. Newby
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    Newby Guru

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    Yes, we train agents for FE only. Of the three I mentioned you can get a LaFayette contract through us (much better than a direct contract) but Ohio National and Guardian you have to go direct or through one of their regional GAs.
     
    Newby, Jun 5, 2016
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  7. MichaelBurton
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    MichaelBurton Super Genius

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    Is Guardian now allowing its life products to be brokered? And what is LaFayette Life? Never heard of it. Where can I find rates/quotes?
     
  8. Newby
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    Newby Guru

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    LaFayette is owned by a Western-Southern. They used to have an FE product that had unbeatable rates but tight underwriting. That product still exists but the rates are mid pack now. But they have 5-fully underwritten whole-life products that pay dividends. They will go all the way down to $5,000 face on a fully underwritten WL that pays dividends. Not an everyday product but my personal favorite when I need a non FE whole-life.

    Pays higher commission than some of the other WL choices too. And 97 Comdex rating doesn't hurt if you are battling one of the high rated mutuals on a big case.
     
    Newby, Jun 5, 2016
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  9. scagnt83
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    scagnt83 Worldwide Expert of Everything

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    Guardian has allowed their life product to be brokered for at least the past 8 years if not more. Just contact the regional office closest to you.

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    You have no real good WL options on that list. But most good WL carriers are direct contracts and not IMO contracts.

    You need Mass, Penn Mutual, Guardian, or Ohio National for WL. Followed by Assurity.


    Lincoln Financial is one of the best carriers on that list. For the 50+ crowd they are more than excellent from a UW point of view. Solid carrier with fantastic customer service and agent support. One of the best IULs on the market, strong term, strong GUL, strong SIUL, strong UL, and strong LTCI Hybrid. One of my favorite carriers to do business with.

    North American has very strong Term rates for health people and strong IUL/GUL. Customer/Agent Service has gone to sh*t over there though.


    Assurity is strong all around. Great DI especially.


    Protective has great Term rates and is a strong carrier thats is easy to work with.


    AG has strong Term.
     
  10. jboussea
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    jboussea Guru

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    Can I sell the other products even though you only train FE?

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    Great insight thanks for the advice..I appreciate it
     
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