Need a Final Expense Company That Fits Me

[Newby]

Here's one for everyone up here to chase and compare:

65 male, heart attack last month, on kidney dialysis, undergoing chemo for his lung cancer. He can get a 10 year term (has 110% ROP 1st yr. and 120% ROP for 2nd year) for only $75.69 per month! How does this compare with other FE Co.'s?
QUOTE]

That's pretty sweet if the guy will promise to die during that 8-year window of time. If he dies too soon...or lives too long...not so much.

 

[theinsuranceman]

Here's one for everyone up here to chase and compare:

65 male, heart attack last month, on kidney dialysis, undergoing chemo for his lung cancer. He can get a 10 year term (has 110% ROP 1st yr. and 120% ROP for 2nd year) for only $75.69 per month! How does this compare with other FE Co.'s?
QUOTE]

That's pretty sweet if the guy will promise to die during that 8-year window of time. If he dies too soon...or lives too long...not so much.

True for all FE products, not just for this one, Right?
- - - - - - - - - - - - - - - - - -

Minimum benefit is 20k. 45.00 per month. No medical questions just need proof from employer saying you are working 30 hours a week

But isn't what you are quoting up here even cheaper than RNA, Foresters, Oxford, etc. WITH health questions?
- - - - - - - - - - - - - - - - - -

JD
Back Back Back Back that Big Big Big Mouth UP UP UP
So you finally state you don't know how. I can't believe this. Just to help you out yes you can find production numbers by company by product. Once you post the three companies new fe premium for 2011 that you boasted about I will prove you are wrong. I already have the facts to prove what I have stated. Let's see how smart you really are. Go find the numbers.

JD
I don't know you so I have nothing against you but I must call you out when you make statements that are not true. I have to hand it to you as for believing in what company you work with.

I still think JD is a "silent" recruiter for EFES. He'll cuss just about anyone up here who writes for another Co. and disagrees with him.

 

[moonlightandmargaritas]

I still think JD is a "silent" recruiter for EFES.

No opinion on the truth of the statement, except insofar as that the method may be the most effective of all.

 

[Newby]

[/B]

True for all FE products, not just for this one, Right?
- - - - - - - - - - - - - - - - - -
.

I may be missing your point but...no...not even close.

Let's say that real unhealthy 65 year old male bought a whole life 2-year graded instead of your term 2-year graded.

Vantis Life is $64 monthly. Let's say he paid on it for 15 years and died at age 80. He would have paid 180 premiums of $64 for a total of $11,520 for his $10,000 death benefit. So his death benefit was $1,520 LESS than he paid in premiums over the 15-years and the $1,520 was basically the cost he paid for insuring that his family had $10,000 long before he saved that amount up. He lost $1,520 BUT that was a fair trade just in case he would have died younger his family would have been protected AND actually profited.

With your term plan he pays $75.69 per month for 60 months for a total of $9,108 but then he is booted off. He lost ALL his money AND he now has NO protection at all for his family.

I would say these are two VERY different products. They do not work the same at all.

 

[rousemark]

I may be missing your point but...no...not even close.

Let's say that real unhealthy 65 year old male bought a whole life 2-year graded instead of your term 2-year graded.

Vantis Life is $64 monthly. Let's say he paid on it for 15 years and died at age 80. He would have paid 180 premiums of $64 for a total of $11,520 for his $10,000 death benefit. So his death benefit was $1,520 LESS than he paid in premiums over the 15-years and the $1,520 was basically the cost he paid for insuring that his family had $10,000 long before he saved that amount up. He lost $1,520 BUT that was a fair trade just in case he would have died younger his family would have been protected AND actually profited.

With your term plan he pays $75.69 per month for 60 months for a total of $9,108 but then he is booted off. He lost ALL his money AND he now has NO protection at all for his family.

I would say these are two VERY different products. They do not work the same at all.

The total is correct but would be 120 months not 60...

 

[Newby]

Yep! I can't type and watch American Pickers at the same time.

Or separately for that matter.

 

[jacobtn]

Yep! I can't type and watch American Pickers at the same time.

Or separately for that matter.

Haha those guys were in our town just a few weeks ago looking for stuff. My secretary saw them downtown.

 

[theinsuranceman]

I may be missing your point but...no...not even close.

Let's say that real unhealthy 65 year old male bought a whole life 2-year graded instead of your term 2-year graded.

Vantis Life is $64 monthly. Let's say he paid on it for 15 years and died at age 80. He would have paid 180 premiums of $64 for a total of $11,520 for his $10,000 death benefit. So his death benefit was $1,520 LESS than he paid in premiums over the 15-years and the $1,520 was basically the cost he paid for insuring that his family had $10,000 long before he saved that amount up. He lost $1,520 BUT that was a fair trade just in case he would have died younger his family would have been protected AND actually profited.

With your term plan he pays $75.69 per month for 60 months for a total of $9,108 but then he is booted off. He lost ALL his money AND he now has NO protection at all for his family.

I would say these are two VERY different products. They do not work the same at all.

I never said these were the same 2 products. Purchasing FE is somewhat of a gamble of when you die vs how much you paid in vs the face amount that's paid out.

I doubt this guy with the health conditions I used in this ex. will live 15 yrs., much less 10 yrs., much less even 5 yrs. The Vantis product appears to be strong competition for anyone based on premium price.

Of course, with Vantis, if death occurs in 1st 2 years Vantis will take back ALL your commissions rather than letting you keep the earned premiums while the policy was on the books.

 

[Mattschmidt]

I never said these were the same 2 products. Purchasing FE is somewhat of a gamble of when you die vs how much you paid in vs the face amount that's paid out.

I doubt this guy with the health conditions I used in this ex. will live 15 yrs., much less 10 yrs., much less even 5 yrs. The Vantis product appears to be strong competition for anyone based on premium price.

Of course, with Vantis, if death occurs in 1st 2 years Vantis will take back ALL your commissions rather than letting you keep the earned premiums while the policy was on the books.

Once again your are letting your COMMISSION determine the type of products you sell. Because of this, you are not a fiduciary, and do not put your clients needs ahead of your own. Commission should be the last thing on your mind when presenting products to clients.

 

[theinsuranceman]

Once again your are letting your COMMISSION determine the type of products you sell. Because of this, you are not a fiduciary, and do not put your clients needs ahead of your own. Commission should be the last thing on your mind when presenting products to clients.

Since you are so concerned about giving the absolute cheapest premium to a client, why haven't you contracted with Sr Life so you can give their super-preferred rate to insulin dependent diabetics?

Yes, commissions have a strong influence in what I sell. That's why I sell FE rather than term or car insurance, etc.