- 19,619
help with a 74 FNT
- Thread starter nfl72
- Start date
- Thread starter
- #12
I am in this business to make money, period. I am still paying back a $5900 chargeback because I was able to get a guy bought preferred through UHL. According to UHL the guy lied on his application. He was more than willing to accept a 2 year waiting period, but me being the nice guy that I am, took the time and got him preferred. Whether you wish to admit it or not; FE buyers are not the most truthful people on the planet.
I could have spent my time calling Foresters and doing a 30 minute PHI, but I chose to have her sign a mostly blank app and moved on to a $145 per month laydown. Based upon what we know now, it appears I made the right decision.
Lets say your selling cars and you have a guy who wants to buy a specific car and is willing to pay $10,000 for it. The car he is looking to purchase, you took in on trade, and the dealer paid 6K for it. You know you can get management to accept $7500 to 8K for it. So you being the righteous, god is good kind of guy that you are would tell him he can buy it for 8.
I am a salesman and your an order taker.
I could have spent my time calling Foresters and doing a 30 minute PHI, but I chose to have her sign a mostly blank app and moved on to a $145 per month laydown. Based upon what we know now, it appears I made the right decision.
Lets say your selling cars and you have a guy who wants to buy a specific car and is willing to pay $10,000 for it. The car he is looking to purchase, you took in on trade, and the dealer paid 6K for it. You know you can get management to accept $7500 to 8K for it. So you being the righteous, god is good kind of guy that you are would tell him he can buy it for 8.
I am a salesman and your an order taker.
- 19,619
Many companies would have taken that level without the Namenda. Including many without a phone interview.
The Namenda story can be mitigated with some companies. You have KSKJ. I believe they would work with you and her on that.
They are very good with situations like that. But you already know that.
- Thread starter
- #14
I know where your coming from JD and while I was at her home I thought about going to KSKJ. The reason I didn't was because I didn't want to spend ten minutes filling out the app and another 20 minutes doin the PHI, knowing full well I was going to a big laydown.
The other problem I have with KSKJ is, it can take 2 plus weeks to get an approval when I can have an answer in a day and a half with SNL. FTR the heart surgery was 4 years ago not 5.
Then with the hit from insulin use with KSKJ, the payment wasn't much different from the graded payment.
The other problem I have with KSKJ is, it can take 2 plus weeks to get an approval when I can have an answer in a day and a half with SNL. FTR the heart surgery was 4 years ago not 5.
Then with the hit from insulin use with KSKJ, the payment wasn't much different from the graded payment.
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- 19,619
But the KSKJ is level coverage. And the KSKJ interview is 8-10 minutes. And optional.
It shouldn't take that long to get a decision. Never does for me. But even if it was, 2 weeks for a yes answer vs a day for a no answer? I'll take the 2 weeks every time.
- 4,120
Foresters interviews are 10-12min not 30. And if the next apt is such a lay down then you can take the time to put the client in the best product possible. I had a guy with treated Hep C I had to put through LBL because he got declined with Americo. Was I a fan of a 25min app, hell no. But writing him that was a lot better then being lazy and doing AIG.
- Thread starter
- #17
1. The last deal I sent KSKJ was called in from his home on the 29th. I got the approval on 12-13. After faxing in the app on the 31st, no further contact was needed. It sat in an in house review.
2. Just recently I received an email telling me a guy missed a payment. I was on the road so I called Foresters to get his phone number. I was on hold for 20 minutes.
3. As I stated earlier, I am still paying on a $5900 chargeback because the insured lied to me while taking the application. If I had just written him graded, which he would have accepted, I would be $5,900 richer.
4. About a week ago I received, on the same day, two different letters from the same company stating they would not be paying claims do to health questions not answered properly. I am sick of getting penalized because the clients either lie or forget about a past illness.
When I have a lady on three heart meds plus Lasix and warfarin; that is also a diabetic on insulin and uses Albuterol. I am sorry but I don't feel that bad about putting her into a graded policy. Its called cover your ass. If I get her approved level and she dies within 2 years and something is missed by underwriting, I am the one getting a chargeback.
If anybody wants to try and replace her I will give you a clue. She lives in an old brown trailer on a dirt road in Michigan. She has an old brown Chiwawa and her trailer has the nicest wheels in the park.
2. Just recently I received an email telling me a guy missed a payment. I was on the road so I called Foresters to get his phone number. I was on hold for 20 minutes.
3. As I stated earlier, I am still paying on a $5900 chargeback because the insured lied to me while taking the application. If I had just written him graded, which he would have accepted, I would be $5,900 richer.
4. About a week ago I received, on the same day, two different letters from the same company stating they would not be paying claims do to health questions not answered properly. I am sick of getting penalized because the clients either lie or forget about a past illness.
When I have a lady on three heart meds plus Lasix and warfarin; that is also a diabetic on insulin and uses Albuterol. I am sorry but I don't feel that bad about putting her into a graded policy. Its called cover your ass. If I get her approved level and she dies within 2 years and something is missed by underwriting, I am the one getting a chargeback.
If anybody wants to try and replace her I will give you a clue. She lives in an old brown trailer on a dirt road in Michigan. She has an old brown Chiwawa and her trailer has the nicest wheels in the park.
- 26,125
We is what we is.
- 4,120
With that logic why try to get anybody level coverage if you're concerned they all die and it will all charge back.
