ING for FE

[MattNewbie]

Any info on them, thanks. No not a super genius, not by anybody's imagination.

 

[rousemark]

Any info on them, thanks. No not a super genius, not by anybody's imagination.

Just noticed Newby and Travis are reping them with fexcontracting.com.. They should be able to answer your questions.

 

[Todd King]

I took a look at them and the only thing special about them is the fact you can do a teleapp. The rates are high. Nothing special about the underwriting.

They are banking on the name and the teleapp to make agents sell it. Not so much.

 

[Newby]

Just noticed Newby and Travis are reping them with fexcontracting.com.. They should be able to answer your questions.

I haven't field tested them yet. They look to be very good for telesales. Priced a bit higher than we like but not out of the market if they turn out to have some nice niches with underwriting. The app is completely done over the phone. No paper involved. No mistakes that way and it's issued and paid within 2-days.

I'm told that us and one telesales agency are the only independent agent distribution channels for them. They are pretty exclusive at this point.

I am looking to sign some telesales agencies up with them to really see where they shine.

 

[AnonymousOne]

I took a look at them and the only thing special about them is the fact you can do a teleapp. The rates are high. Nothing special about the underwriting.

They are banking on the name and the teleapp to make agents sell it. Not so much.

They won't be banking on the name much longer...

 

[SportsNut]

The app is completely done over the phone. No paper involved.

Has ING solved the replacement form issue [paperless] or do you still need to have the insured wet-sign a replacement form...? In some states like OH, and a few others, where a repl form is required whether replacement is actually involved or not.

This is how Equitable's express tele-app works... no paper involved unless there is a replacement involved. In that case you've got 14 days [or so] to submit a signed replacement form following express tele-app.

 

[Newby]

Has ING solved the replacement form issue [paperless] or do you still need to have the insured wet-sign a replacement form...? In some states like OH, and a few others, where a repl form is required whether replacement is actually involved or not.

This is how Equitable's express tele-app works... no paper involved unless there is a replacement involved. In that case you've got 14 days [or so] to submit a signed replacement form following express tele-app.

Still requires a paper replacement form.

 

[b61mack]

How about a shout out to Greg!

 

[SportsNut]

How about a shout out to Greg!

HEY GREG!!!!!!!!!!

How was that...?

 

[jdeasy]

I saw the rates and they weren't great nor terrible. But I would guess they are just another poser that thinks they want to jump in the FE money pool. They won't have a clue about the FE market and 2 years, if they last that long, there will be major changes once they have to start paying non contestable claims. Happened with Chesapeake, happened with Foresters and it will happen to the next clueless company that was sold on the idea by some VP that's never sold a policy in their life.