Mutual Companies and Mortgage Protection

[baajluni]

From my experience, solid mutual companies don't really seem to mesh well with mortgage protection insurance or IMOs (MLM, what ever you want to call them). Why is this?

 

[FinalExpenseDojo.com]

With MLM there has to be enough spread for everyone to get paid. Simple as that.

 

[Baseball7]

To do MP they need a decent simplified issue term app, guess many major mutuals don't do that?

 

[walthamny]

To do MP they need a decent simplified issue term app, guess many major mutuals don't do that?

Because selling simplified issue term would eventually cut into their permanent sales. If people think getting life insurance is easy, they will less likely to convert to permanent at young age. Also for major mutuals,if you give a young agent the choice of selling Simplified term or fully underwritten term, what do you think will happen? They will never write much fully underwritten term.