Need a Final Expense Company That Fits Me

[CdnBroker]

Just an update I did find a company that pays on Approval where I do not have wait on the draft date

gives a 75% advance

good commission levels

Takes Credit Cards as of january 1st

Will contract pretty much any agent with a 3-5 day turn around

and has great rates

has Modified, Graded and Level FE product

 

[jdeasy]

Just an update I did find a company that pays on Approval where I do not have wait on the draft date

gives a 75% advance

good commission levels

Takes Credit Cards as of january 1st

Will contract pretty much contract any agent with a 3-5 day turn around

and has great rates

has Modified, Graded and Level FE product

Who is the company? As for paying on approval, most that I have will do that, RNA, Mon., Americo, AmAm, 5 Star. That's not really a big deal.

Thaking credit cards is a plus. After Oct. 1 I will only have 5 Star for credit card payers.

 

[CdnBroker]

the company is Texas life lol .... I had to make it some what dramatic.

 

[jdeasy]

the company is Texas life lol .... I had to make it some what dramatic.

From my understanding their rates are not so good. Has something changed there?

 

[Mattschmidt]

be careful on taking advances upon approval...good way to run up a big debit balance is some of the premiums start bouncing

 

[jdeasy]

be careful on taking advances upon approval...good way to run up a big debit balance is some of the premiums start bouncing

That is true. I don't like for companies to do that. EFES has a deal with almost every company to advance on approval. I think the only they don't have that deal with is Foresters.

I'm as earned with everyone except RNA and I'm on a six month advance with them. They do advance me upon approval. I would prefer they didn't. I'm going to move to as earned with them as well. I contacted them recently about going to a 3 month advance to slowly get off the advance but they don't offer 3 month advancing.


I believe that advancing on approval has gottne many an agent behind the 8 ball.

 

[rousemark]

That is true. I don't like for companies to do that. EFES has a deal with almost every company to advance on approval. I think the only they don't have that deal with is Foresters.

I'm as earned with everyone except RNA and I'm on a six month advance with them. They do advance me upon approval. I would prefer they didn't. I'm going to move to as earned with them as well. I contacted them recently about going to a 3 month advance to slowly get off the advance but they don't offer 3 month advancing.


I believe that advancing on approval has gottne many an agent behind the 8 ball.

On approval or on submission?

 

[jdeasy]

On approval or on submission?

Here I'm talking about on approval. I've only ever for one company that paid on submission. That is much worse for the agent.

Say I send in a app today for RNA that I didn't do the POS on. The fist draft is to be Oct. 15. If it gets approved next week they will go ahead an pay me before they ever get paid. I would prefer they not pay me until the Oct. 15 draft has taken place.

 

[rousemark]

Here I'm talking about on approval. I've only ever for one company that paid on submission. That is much worse for the agent.

Say I send in a app today for RNA that I didn't do the POS on. The fist draft is to be Oct. 15. If it gets approved next week they will go ahead an pay me before they ever get paid. I would prefer they not pay me until the Oct. 15 draft has taken place.

OK.. I'm on the same page now. Since I still have a tendency to collect with the application, the premium has been paid by the time it is approved.. Old school.. Was taught you don't have a sale until you have money.

have had companies pay on submission and didn't like it at all.

 

[CdnBroker]

60 MALE NON SMOKER 46.27 10,000

maybe not the cheapest but cheaper than other carriers that I have worked with in the past