All I know is she thought she had an $8 k policy for $63 a month . The premium was $63 a month . I 100% know she was sold a GI or clean sheet irregardless. Wether she didn't hear it correctly I have no idea . All I know is Senior life GI is 90% more than GTL . She was 100% a modified client and what I sold her was 90% cheaper than SL. Mine has death benefit in the 2 Nd yr and yours does not . She's in a much better place now .Age 70 $10k GTL $73.16 , Senior life $139.26 . That should be illegal . That's worse than loan sharking at 40% interest . Do you really sell that ?
Just left NASB (warning to other future naive noobs)
- Thread starter Dumbledood
- Start date
All I know is she thought she had an $8 k policy for $63 a month . The premium was $63 a month . I 100% know she was sold a GI or clean sheet irregardless. Wether she didn't hear it correctly I have no idea . All I know is Senior life GI is 90% more than GTL . She was 100% a modified client and what I sold her was 90% cheaper than SL. Mine has death benefit in the 2 Nd yr and yours does not . She's in a much better place now .Age 70 $10k GTL $73.16 , Senior life $139.26 . That should be illegal . That's worse than loan sharking at 40% interest . Do you really sell that ?
- 4,122
There is no recording necessary for GTL f2f.
- 1,832
Who ever heard of a phone interview for GI ?
Lol
Greg spun the SL comments to reflect telesales.
Lol
- 4,872
He clearly states "sold over the phone" in post #16. How did you miss that? Go get yourself a cup of coffee. Wait, I forgot, coffee is for closers....lol. Sorry.
- 4,122
GTL is the new AIG.
-Commission statements make no sense
-slow drafting
- junk mail policy
-no notification for conservation
I stopped writing them 3 months ago if at all possible.
-Commission statements make no sense
-slow drafting
- junk mail policy
-no notification for conservation
I stopped writing them 3 months ago if at all possible.
GTL commission paid out on approval after first draft . The monthly is paid out on the 9th of the month . I'm on as earned . For conservation you must look under your mailbox on the site on line 1 to 2 times a week as they'll have nsf letters in there . This product is not for hard core final expense people who yank there money the day they get it . You must call customer service on approval and tell them to send a policy to client or they won't . Customer service answers fast. Still best product out their .
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Try replacing something in NY.
- 17,072
The Kentucky rules wouldn't turn an AIG GI policy into a 1st day coverage policy. The KY rules just make the policy pay as it's designed to with no new contestibility allowed if it replaced a previous policy.
So if an agent writes a new 1st day coverage policy and the person dies 3-months in there would be no contestibility if the old policy had been in force over 21- months and was for the same or greater face amount.
But a policy with graded or modified benefit would still act as a graded or modified benefit. In fact ALL GI policies in all states are not contestible other than for age or gender.
- 5,971
NY pretty tough on replacers?
I had an appointment tonight. I could have replaced an $8K on the wife and $10K on the hubby and sold them both new $20K policies. But the policies they have are 3+ years old.
I could have saved them a bit and got em a bit more, but 67 and 68 years old with diabtes w/complications? No way. No need to put these folks at risk. We're 'shoncemen.* We take the risk not give it.
*not to be confused with @shonceman
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