I got licensed with Stonebridge because my FMO told me it was the least expensive for the area I am selling in. My question concerns their FE product. At first glance it seems appealing. There is no PHI required and the comp (115% FYC) is as good as I can get at my level of production. Others have spoken well of Trans/ Monumental as a good all around company (not that any company is all things to all people). Would selling Stonebridge be the same in regards to underwriting, etc., just under a different label? I mean when they mailed the med sup policy, it was on Stonebridge paper but delivered in a Transamerica envelope.
This client questioned who Stonebridge was but seemed reassured when I explained the fact that they are a Transamerica company (I did explain that all plans are standardized and the only real difference between Med Sup companies is the premium, etc.) For what it is worth ( probably not much), they were on the wealthier side. The FE crowd does not seem to be as concerned as much with brand names, ratings, etc. I mean Senior Life sells a ton of FE. They don't have a big, well known brand and couldn't even be bothered with ratings.
The only qualm I had with them was they seemed a little disorganized getting the bank draft straightened out. The right hand did not seem to know what the left hand was doing when a client generated glitch arose (wasn't Stonebridge's fault initially). But I have to say they were very diligent and pleasant to deal with in getting things straightened out. And once it was, they paid me instantly, not making me wait until the next scheduled commission payout date. That was cool.
p.s. -I don't target wealthy folks as I generally find them a pain in the butt to deal with. Someone I know gave them my number and they were a pain in the butt! But hey, the customer is always right, correct? LOL
This client questioned who Stonebridge was but seemed reassured when I explained the fact that they are a Transamerica company (I did explain that all plans are standardized and the only real difference between Med Sup companies is the premium, etc.) For what it is worth ( probably not much), they were on the wealthier side. The FE crowd does not seem to be as concerned as much with brand names, ratings, etc. I mean Senior Life sells a ton of FE. They don't have a big, well known brand and couldn't even be bothered with ratings.
The only qualm I had with them was they seemed a little disorganized getting the bank draft straightened out. The right hand did not seem to know what the left hand was doing when a client generated glitch arose (wasn't Stonebridge's fault initially). But I have to say they were very diligent and pleasant to deal with in getting things straightened out. And once it was, they paid me instantly, not making me wait until the next scheduled commission payout date. That was cool.
p.s. -I don't target wealthy folks as I generally find them a pain in the butt to deal with. Someone I know gave them my number and they were a pain in the butt! But hey, the customer is always right, correct? LOL
