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I need to know if Foresters and Presidential life companies are the only programs selling Final Expense Insurance in NEW YORK STATE. I want to enter FE training asap. What companies are in NEW YORK?
Is Forester's and Presidential Life the Only FE Companys Accepted in NY
I need to know if Foresters and Presidential life companies are the only programs selling Final Expense Insurance in NEW YORK STATE. I want to enter FE training asap. What companies are in NEW YORK?
- 11,997
Columbian for sure and I believe CSA. Universal American used to, but they pulled out about a year ago.
As far as training goes, I'm not sure what you're looking for there. Carriers don't usually do the training, that'd be on the upline.
As far as training goes, I'm not sure what you're looking for there. Carriers don't usually do the training, that'd be on the upline.
- 1,930
[FONT="]Ran a quote on fexquotes and these companies came up.
CSA Life[/FONT]
[FONT="]Foresters[/FONT]
[FONT="]Columbian Life[/FONT]
[FONT="]Transamerica[/FONT]
[FONT="]Guarantee Trust Life[/FONT]
CSA Life[/FONT]
[FONT="]Foresters[/FONT]
[FONT="]Columbian Life[/FONT]
[FONT="]Transamerica[/FONT]
[FONT="]Guarantee Trust Life[/FONT]
- 202
There aren't a whole lot of options in New York, but those listed above are the same I've seen. One thing I do know about New York is that you have some separate forms that are required in New York...it's not too difficult, just need to ask a lot of questions and be well informed.
If I was selling in NY, I would carry Foresters as my primary....they have an office in Buffalo, NY. I would also carry Presidential as my guarantee issue product... This gives you an option for level, graded, modified, and true guarantee issue....pretty solid line up for what the state will allow.
Commissions can be strong with foresters and average with presidential. I haven't found a great resource for a real high presidential contract for the GI product.
If I was selling in NY, I would carry Foresters as my primary....they have an office in Buffalo, NY. I would also carry Presidential as my guarantee issue product... This gives you an option for level, graded, modified, and true guarantee issue....pretty solid line up for what the state will allow.
Commissions can be strong with foresters and average with presidential. I haven't found a great resource for a real high presidential contract for the GI product.
- 11,997
I have their top level GA contract and it's really just not a high paying product. Cool company and I like them, but their GI product commission is very low.
- 202
Good to know...I have seen people offering as low as 35%....my take is that anything over 50% is good for a guarantee issue. 50% shouldn't be hard to find, but much higher than 80% could get tricky without a lot of past production records.
You'll have some issues finding many products over 80% in NY (w/o production), not just GI.
- 11,997
You'll never get over 80% with Presidential on their GI product. They have a SIWL, but even with that 80% would be pushing it. I give out more than 50%, but it's never going to get very high.
- 897
The things about selling in NY is that any commission over 50%...take it. Remember...you are competing with the same carriers in "NY". So any decent carrier you can get there, one should still bank as all agents are all in the same boat.
Not sure if this is making sense but basically you deal with the same issues and competition as...your competition.
Not sure if this is making sense but basically you deal with the same issues and competition as...your competition.
