Need a Final Expense Company That Fits Me

[Newby]

LH pays any uncontestable claim within 24 hours so there is no need to increase the policy for the funeral home to be paid.

That is true. Same with ForeThought, Cincinnati Equitable, and 5-Star pays 50% of the claim within 24-hours.

That is a HUGE advantage with those companies.

 

[WinoBlues]

That is true. Same with ForeThought, Cincinnati Equitable, and 5-Star pays 50% of the claim within 24-hours.

That is a HUGE advantage with those companies.

I agree. Our clients buy who we show them. I am working a deal now where Foresters is the lowest. I will present them and will also explain their reputation on claims and service and that the premiums can go up. I will recommend someone else.
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I would agree on the speed of the claims paying. To be fair when comparing premiums between LH and most other FE companies we should be increasing the face on the non LH carriers by 5% as that's that the funeral funding company is going to charge in order to get the funeral home paid quickly.

Price, face amount and service are a balancing act that we have to evaluate for each situation. Many of my cases are replacement, They are not always to lower the cost. In fact I usually come out with a bit more premium and face than they were paying before.

BTW, the case I was talking about was not LH. I have never written them.

 

[jdeasy]

Re: Need a Final Expense Company That Fitts Me

JD
Since you are the smartest fe guy in America why don't you see if you can find out who wrote more new fe premium in 2011 than LH. It's public information. Show us what you know BIG DOG. Once you post the numbers of who you think is the largest then I will prove that you are nothing but hot air. I will be awaiting your numbers.

I already told you that Monumental, Foresters and RNA sold more than LH.

Not that it matters anyway. You are the only one that talks that crap about LH being the largest. No one has ever said that. Even LH doesn't say that.

And again, you portray more falsehoods in promoting LH. Only in your dreams is LH only 10% higher priced than Oxford.
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Do you really think A.M. Best is going to make such a statement? That is so definitive. They aren't going to put themselves out there like that.

And really, what does it matter? You don't like them, you don't sell them, heck apparently no independent FE agent likes them. We get it. Stick to bashing them on things that actually matter.

I really don't care for MetLife, which happens to be the one of the biggest if not the biggest life insurers in the country. When I bash them, I bash them for reasons that matter. Namely their piss poor customer


I don't really care one way or the other. I'm not bashing LH over the AM Best thing. I even said it was a non starter as an argument against them. I guess you missed that in your zealousness to be pompous?

I'm bashing the clown that keeps claiming that LH is the largest FE company in the US.

 

[nfl72]

Lincoln Heritage sucks. I have met at least 5 of their agents including two managers, one being a regional manager. They were as close to be certified fools as one could possibly be without being certified.

Just plain dumb people looking to spread lies and rip people off with their overpriced bullshit policies. If I offened anyone with the truth,

GOOD

 

[theinsuranceman]

Re: Need a Final Expense Company That Fitts Me

A.M. Best had Executive Life at A+ in 1991 - right before they were seized by the regulators. Didn't Shenandoah have a similar story?

For those that don't know: A.M. Best ratings are paid for by the respective insurance companies that are being rated. Poster child for objectivity? How much do you trust it?

I agree, AM Best is a joke for "people in the know".

 

[Mattschmidt]

Re: Need a Final Expense Company That Fitts Me

I agree, AM Best is a joke for "people in the know".

If am best is a complete joke then why do a majority of e &o carriers only protect you if you represent a rated carriers? And why do senior life field underwriters tell prospects senior life has an a rating? Not picking on you but am Just curious

 

[rousemark]

Re: Need a Final Expense Company That Fitts Me

JD
Since you are the smartest fe guy in America why don't you see if you can find out who wrote more new fe premium in 2011 than LH. It's public information. Show us what you know BIG DOG. Once you post the numbers of who you think is the largest then I will prove that you are nothing but hot air. I will be awaiting your numbers.

MGA.. What happened to you and SL? You don't seem to mention them anymore.. just LH.

Senior Life Insurance Company Info - Page 9

 

[gordon112]

I thought LH had those new super duper low preferred rates that everyone was raving about??

 

[theinsuranceman]

Re: Need a Final Expense Company That Fitts Me

If am best is a complete joke then why do a majority of e &o carriers only protect you if you represent a rated carriers? And why do senior life field underwriters tell prospects senior life has an a rating? Not picking on you but am Just curious

Don't know, but it seems like you should ask the E&O carriers. Don't know of any SL agents that state an A rating to a prospect, but I'm sure it probably goes on.

In my 13 yrs. selling FE I may have been asked the Co.'s rating a total of 5 times. It's just not needed to close the deal if you know what you are doing.

 

[Mattschmidt]

Re: Need a Final Expense Company That Fitts Me

Don't know, but it seems like you should ask the E&O carriers. Don't know of any SL agents that state an A rating to a prospect, but I'm sure it probably goes on.

In my 13 yrs. selling FE I may have been asked the Co.'s rating a total of 5 times. It's just not needed to close the deal if you know what you are doing.

Gotcha. I'm gonna call into my e&o carrier tomorrow and will post their reasonings. And the senior life agent whom I listened to on his sales calls used sl as an A rated carrier as a main selling point....