Monumental Solutions Being Phased Out on March 18

[Newby]

Securus just sent out an email referencing American Memorial Life, is this going to be their replacement for Monumental???

If they try to make American Memorial one of their main companies, they may take LH's position as highest priced product. It's fine when there is a health condition. But not for the masses.

 

[digfesales105]

It was only a matter of time. Monu does this every so many years. In the next 3-5 years...they will restructure their product again, I'm sure, to be awesome. Again all agents will jump on it. Create a bunch of bad debt and they will change it again.

Happened to Foresters.

If carriers didn't whore out their new plans to every agent in the world with 110 plus levels when they come out with it, these issues wouldn't happen and agents wouldn't keep scrambling to find a new home.

 

[Guest]

[FONT=Arial, Helvetica, sans-serif]We are pleased to announce the introduction of Transamerica Life Insurance Company Final Expense products: Immediate Solution, 10 Pay Solution and Easy Solution.[/FONT] [FONT=Arial, Helvetica, sans-serif]
Backed by the strength of the Transamerica name, these products offer competitive rates, straight-forward underwriting, face amounts up to $50,000 and a Children's and Grandchildren's Benefit rider.*

Choose from these three Transamerica Final Expense products:
[/FONT][FONT=Arial, Helvetica, sans-serif][/FONT]

• [FONT=Arial, Helvetica, sans-serif]Immediate Solution – Guaranteed level premiums to age 121. Full coverage begins the day of policy issue with face amounts up to $50,000.1 Accelerated Death Benefit with or without Nursing Home Benefit endorsements.2 Accidental Death Benefit rider and Children's and Grandchildren's Benefit rider available.
  
  [/FONT]
• [FONT=Arial, Helvetica, sans-serif]10 Pay Solution – Full coverage begins the day of policy issue and face amounts up to $50,000.1 Accelerated Death Benefit with or without Nursing Home Benefit endorsements.2
  
  [/FONT]
• [FONT=Arial, Helvetica, sans-serif]Easy Solution – Guaranteed level premiums to age 121 with face amounts up to $25,000.3 Graded death benefit policy or 2-year return of premium.[/FONT]

[FONT=Arial, Helvetica, sans-serif]The Transamerica products will replace the Monumental Life Solutions Final Expense Products, subject to state availability. Applications for the new Final Expense products will be processed beginning March 18th.[/FONT] [FONT=Arial, Helvetica, sans-serif]Applications for these products depend on the client's age:[/FONT]

• [FONT=Arial, Helvetica, sans-serif]Clients age 0-44 will use application L123 1012
  [/FONT]
• [FONT=Arial, Helvetica, sans-serif]Clients age 45-85 will use application L122 1012[/FONT]

 

[Todd King]

It was only a matter of time. Monu does this every so many years. In the next 3-5 years...they will restructure their product again, I'm sure, to be awesome. Again all agents will jump on it. Create a bunch of bad debt and they will change it again.

Happened to Foresters.

If carriers didn't whore out their new plans to every agent in the world with 110 plus levels when they come out with it, these issues wouldn't happen and agents wouldn't keep scrambling to find a new home.

That's just the thing...no one needs to be looking for a new home! They are adding the child/grandchild rider, raising the max face to $50K, and splitting the app to accommodate the different ages. (They are going to be asking a few different questions on the younger age app).

These are the changes. That's it.

 

[TDFnCali]

That's just the thing...no one needs to be looking for a new home! They are adding the child/grandchild rider, raising the max face to $50K, and splitting the app to accommodate the different ages. (They are going to be asking a few different questions on the younger age app).

These are the changes. That's it.

Thats not it tho...Ive just seen the new rates & for the most part they are higher, esp smokers & older ppl (their niche). So, I actually maybe moving Foresters/UHL to my 2nd most used carrier...not sure what I'll do yet. But with no renewals on Americo, Im still not using them much!

 

[Todd King]

Oh yeah, I forgot about that part. It's not that much of an increase though, and it is at the older ages.

 

[WinoBlues]

The "to $50,000" is important. Pretty limited options now. The grandchild rider may be nice also.
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Thats not it tho...Ive just seen the new rates & for the most part they are higher, esp smokers & older ppl (their niche). So, I actually maybe moving Foresters/UHL to my 2nd most used carrier...not sure what I'll do yet. But with no renewals on Americo, Im still not using them much!

I have not gone into the site yet. Is the new product in California?

Why not just drop Americo with whoever you have and get a better contract?

 

[TDFnCali]

The "to $50,000" is important. Pretty limited options now. The grandchild rider may be nice also.
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I have not gone into the site yet. Is the new product in California?

Why not just drop Americo with whoever you have and get a better contract?

I actually dont think its in Cali yet, but Im not 100% sure on that.

I cant get another contract with the same carrier EFES offers...I do get renewals with Americo if its my OWN business, which Im in the process of getting more of.

 

[TPAAgent]

Never wrote a TA FE yet.. anybody know if they are cheap bastages like Monumental that only allow an agent to order 15 apps a month and expect you to burn your printer up printing off apps??

Seriously, Mon knock it off already.. do your agents right

Dun put the dumb in stupid

 

[Newby]

Never wrote a TA FE yet.. anybody know if they are cheap bastages like Monumental that only allow an agent to order 15 apps a month and expect you to burn your printer up printing off apps??

Seriously, Mon knock it off already.. do your agents right

Dun put the dumb in stupid

I never order apps from any company. When you print them out just imagine you are printing thousand dollar bills.

Buy a black and white laser printer and it's pennies. Have you agent number and all that stuff preprinted on them and you are rolling.