Mortgage Protection is DEAD

Sep 20, 2008

  1. Guest
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    Guest Guest

    ?

    Mortgage life - is it still a viable product in terms of
    making the bread and butter sales or is it gone...

    I'm not asking if you would sell it - I'm asking if the
    specific ROP, unemployment, disability term life
    product is a no-sale these days do to the economy
    or any other reason.


    I know people / brokers don't like the product, but at
    least for a while - it was a real door opener to any
    type of product sales.

    Thanks

    :cool:
     
    Guest, Sep 20, 2008
    #1
  2. Daytona_Guy
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    Daytona_Guy Guru

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    Re: ??? Mortgage Protection is DEAD ???

    Yes, it's all dead in the mortgage industry. Stick a fork in it.
    No doubt, hesitation, capitulation, or question about it. - DEAD. You need to look at something like finalexpenseagents dot biz (not com)


     
  3. Franz Kafka
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    Re: ??? Mortgage Protection is DEAD ???

    Huh? People don't die anymore because economy's bad??
     
  4. Guest
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    Guest Guest

    Re: ??? Mortgage Protection is DEAD ???

    well they are hard pressed to pay for all the riders
    as appose to just a flat term policy, the leads is what
    I was interested, but I believe the MP market is fairly saturated.
     
    Guest, Sep 20, 2008
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  5. Newby
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    Re: ??? Mortgage Protection is DEAD ???

    Better look at both www.finalexpenseagents.com
    AND www.finalexpenseagents.biz

    One of them had Americo contracts at 115% and the other at 105%

    Looks like some friendly competition going on.
     
    Newby, Sep 20, 2008
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  6. somarco
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    somarco GA Medicare Expert

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    Re: ??? Mortgage Protection is DEAD ???

    They don't die any more, or any less than they did before.

    But now they are dead AND upside down.
     
    somarco, Sep 20, 2008
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  7. GreenSky
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    Re: ??? Mortgage Protection is DEAD ???

    They're being buried head first?

    Rick
     
    GreenSky, Sep 20, 2008
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  8. Daytona_Guy
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    Upside down is right.. Here in Florida, they're eliminating home equity lines of credit, sometimes while people are mid-project in remodeling, etc. because the values of the homes are crashing fast. They can no longer support even the first mortgage, much less the line of credit.

    ..and I think we've only just begun to see the meltdown..
     
  9. pfsthib
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    pfsthib Super Genius

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    Every week I see men and women write over $20K AP a WEEK. I don't think mortgage protection is dead.
     
    pfsthib, Sep 21, 2008
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  10. mickeyma
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    I'd like to see that. Especially in today's market. I have 30 yrs in Mtg Prot.
     
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