I'm not defending Chuckles, but a point can certainly be made................
1) NWM has the highest financial ratings on the planet:
AMBest: A++, Highest rating available; Superior
Fitch: AAA, Highest rating available, Extremely strong
S & P: AAA, Highest rating available, Extremely strong
Moody's: Aaa, Highest rating available, Superior
Comdex: 100, Highest rating available,
They're batting 1000 on everyone of the above categories.
2) They have a high-end client base. Someone with a NWM portfolio of investments and/or other insurance products feels very comfortable with the company and previous products purchased and if the NWM agent recommends a LTC policy, they will buy it and will not shop around.
3) They have a history of not missing a dividend payment for Life insurance for well over 100 years. That's a pretty strong statement.
4) They have a good+ product
5) Scott, you admit that you were at one time a captive agent and therefore sold product from one company. You promoted that company, you promoted that product and when someone questioned your motives, you defended both your company and your product.
Is it fair to say that "Scott drank the Kool Aid"? I think not............
Although I have been independent since day 1, there certainly can be solid arguments made for reasons to be captive. (as there are reasons to be independent)
I may be wrong, but I would guess that the only reason Chuckles would not sell a client a NWM LTC policy is because of an underwriting issue, which is understandable. The same is true for every other captive agent in the business. That doesn't make him a bad guy.
And, if 90% of his business is NWM, I can understand why he doesn't know every single verse of a PRU policy or any other product. As long as he knows more than the prospect he's in front of, that's enough to get by.
But, we're not prospects. This is a pretty tough crowd and hopefully Chuckles will learn that in the future not to post statements that he's not 100% sure of......
This post was paid for by Chuckles
Arthur,
What is irksome is some of the language that is used by captive agents like, "our policy is priced to pay claims."
The implication is that a cheaper policy is NOT priced to pay claims. And that's just a lie.
nadm