Monumental Direct Mail Drop

[Newby]

I'm just curious how or why you replace so many LH policies? Most of the time if a policy is at least 2 years old it isn't in the consumers best interest to replace. Are most of these policies graded or full benefit? In Indiana LH rates are not that bad, not the cheapest but fair.The biggest thing with LH is (as others stated) how the producer is treated. Take renewals for example. You could have $400 or more a month due in renewals but if you fail to write business in a particular month they don't pay you any renewals. Even if you manage to leave them, (terminate your contract after you are vested) once renewals drop below $200 they will not pay you anymore. If your renewal pay is $199.99 then they keep it.You would think it would roll over to the next month but no they don't work that way. Even with all the negatives posted they are still a good company for the consumer. Agents should demand a better contract before they sign on with them, it is possible.

Their rates are the same in Indiana as they are everywhere else.

Yes, you can save the consumer money even several years in...not just two. I saved a lady money yesterday on a nine year old policy. This one was another pricey company, not LH.

LH is good for the consumer only if it's in comparison to the consumer is going to go without insurance at all otherwise. With ANY case and any health situation an independent FE agent can get the consumer MORE coverage for the same premium. Often substantially more.

I agree that agents should pay attention to the contracts they sign.

 

[HoosierLife]

Hate to bug you guys about this, but does monumental not care about heart stents or do they consider stents heart surgery?

 

[digfesales105]

Hate to bug you guys about this, but does monumental not care about heart stents or do they consider stents heart surgery?

It's considered heart surgery. It will be with most carriers. But if they had it over 2 years ago you may have a chance at a better plan but again, doubtful. They most definitely will be taking some type of major heart medication like plavix or kumidin.

 

[Newby]

Hate to bug you guys about this, but does monumental not care about heart stents or do they consider stents heart surgery?

Part B3 asks about circulatory or blood disorder. If that's the only yes answer you can write standard rate.

If that doesn't work, look at American Memorial.

 

[moonlightandmargaritas]

A stent would be considered heart surgery.

 

[Newby]

Might be best to just go directly to American Memorial. Their heart question says (excluding stint placement). You can write them 1st day coverage the day they leave the hospital. And maintenance meds are not counted against you either with them.

Rates are high but what can you expect.

 

[digfesales105]

Might be best to just go directly to American Memorial. Their heart question says (excluding stint placement). You can write them 1st day coverage the day they leave the hospital. And maintenance meds are not counted against you either with them.

Rates are high but what can you expect.

That's good to know. We've been entertaining that carrier but didn't really see a need. But this changes things. God deal.

 

[gordon112]

Their rates are the same in Indiana as they are everywhere else.

Yes, you can save the consumer money even several years in...not just two. I saved a lady money yesterday on a nine year old policy. This one was another pricey company, not LH.

LH is good for the consumer only if it's in comparison to the consumer is going to go without insurance at all otherwise. With ANY case and any health situation an independent FE agent can get the consumer MORE coverage for the same premium. Often substantially more.

I agree that agents should pay attention to the contracts they sign.

Agree to most of all this for sure, only thing, I just ran into a lady yesterday that just singed up for Mutual of Omaha GI, 55/F rate for 15k was only 36.6/M in FL. I shopped around, problem is she is over weight with several meds including for her heart. Monumental probably will take her but the rate is 42.31 is she can even get the preferred....for a GI policy hard to beat that..something isn't right..anyways, I told her to send it in and when you get the policy call me and we can go over it to make sure "it is what it is". I mean Gleanor is 49/M for 15k on there close to GI plan.

 

[jdeasy]

I'm just curious how or why you replace so many LH policies? Most of the time if a policy is at least 2 years old it isn't in the consumers best interest to replace. Are most of these policies graded or full benefit? In Indiana LH rates are not that bad, not the cheapest but fair.The biggest thing with LH is (as others stated) how the producer is treated. Take renewals for example. You could have $400 or more a month due in renewals but if you fail to write business in a particular month they don't pay you any renewals. Even if you manage to leave them, (terminate your contract after you are vested) once renewals drop below $200 they will not pay you anymore. If your renewal pay is $199.99 then they keep it.You would think it would roll over to the next month but no they don't work that way. Even with all the negatives posted they are still a good company for the consumer. Agents should demand a better contract before they sign on with them, it is possible.

LH is not a little bit high. They are extremely high. I just replaced two LH policies that were almost 6 years old and saved the couple money plus they got $3100 cash value from LH.

 

[HoosierLife]

Thanks guys, yeah I've got Am Mem in my bag. Haven't wrote anything with them yet. But that's good to know about the stents. Thx Newby, dig and mlm.