Need Help with Quotes

[jdeasy]

You are the one that's confused. I'm talking about MoO's GI. Not their other products.

Here is straight out agent manual:
"Living Promise Whole Life
Five Good Reasons to Sell Living Promise

Level and Graded Benefit plans available
Face amounts from $2,000 to $40,000
Can be used to pay for final expenses and more
Simplified underwriting
No physical exam - coverage is based on answers to a few health questions
Product Highlights
Level Benefit Plan

Death Benefit: 100%
Issue Ages: 45-85
Face Amounts: $2,000-$40,000
Underwriting Classes: Standard Tobacco/Nontobacco
Additional Benefits - Level Benefit Plan Only

Accelerated Death Benefit for Terminal Illness or Nursing Home Confinement Rider included at no additional cost
Optional: Accidental Death Benefit Rider
Graded Benefit Plan

Graded death benefit during the first two years, unless death results from an accidental bodily injury. Full death benefits will be paid, in all years, if death results from an accidental bodily injury.
Issue Ages: 50-75
Face Amounts: $2,000 to $20,000
Underwriting Class: Standard (no tobacco distinction)
Premium Modes (Modal Factors)

Annual (1.00)
Quarterly (0.275)
Semi-Annual (0.52)
Monthly BSP (0.089)
Policy Fee

$36 Annual Policy Fee

Underwriting Requirements
MIB, pharmaceutical check, random phone interviews

You'll find complete details in the Product and Underwriting Guide. Search for form number U8500 in the Forms & Materials section.

Product base plans, provisions, features, and riders may not be available in all states and may vary by state."

They use a progressive application. First section qualifies/disqualifies for graded. Then the client answers the rest...like MonLife, Settlers, EL&C, and so on.

Now, the mailer you described is something the company sends out for its career agents only. That product is available in some or all states, but here it not available for brokers. Moo is a great company, and I have no complaints.
But they do not offer the cancer plan here, and I cannot GI through them.

Hope that clears any confusion about them.

 

[bigjake]

Do you sell their GI?

 

[bboman23]

Do you sell their GI?

We can't sell their gi. Just help them get it through moo. You make no commission

 

[bigjake]

It is not even listed in their agent portal here. My wholesaler discussed with me that the career agents in this area get to offer it, or at least get the mailers as leads, because so many respondents qualify for the graded.

 

[jdeasy]

Do you sell their GI?

Probably sold more of it than their agents do. I give out the number for MoO 2 or 3 times a month. I also give people Newby's number for Vantis. But MoO beats Vantis most of the time.

 

[bigjake]

We can't sell their gi. Just help them get it through moo. You make no commission

I looked it up though, to make sure. And the minimum age for the graded is 50.

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Probably sold more of it than their agents do. I give out the number for MoO 2 or 3 times a month. I also give people Newby's number for Vantis. But MoO beats Vantis most of the time.

So, you just refer them to the company to write it?

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The Guarantee Advantage comes with ROP rider (rider is not available here), so it is ACCIDENT ONLY Coverage.

 

[jdeasy]

Yes, I refer it out. It is not AD&D. It's whole life, ROP +10% for the first 2 years. Starts at age 45 and available thru age 85.

One example, 64 year old female $10,000 face is $42/mo. Same rate for smoker or non smoker. No medical questions, no exceptions or exclusions. Also has a 60 day free look period.

Nothing we can sell is that good for the client.

I looked it up though, to make sure. And the minimum age for the graded is 50.

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So, you just refer them to the company to write it?

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The Guarantee Advantage comes with ROP rider (rider is not available here), so it is ACCIDENT ONLY Coverage.

 

[bigjake]

When I inquired about it a while back, I could not get access to rates to even quote it. So, good for you if you can offer that.

 

[jdeasy]

When I inquired about it a while back, I could not get access to rates to even quote it. So, good for you if you can offer that.

I can't sell it. I have a rate sheet that a client gave me. When I run across someone that has to have GI then I tell them about MoO and give them the number to call.

 

[bigjake]

I can't sell it. I have a rate sheet that a client gave me. When I run across someone that has to have GI then I tell them about MoO and give them the number to call.

I see. I have a few outdated ones on other carriers. Globe does a lot of mailings in this area. Thanks for that info though.

Btw, I erased the posting containing Moos Life Products (Proprietary), you may want to delete your reply - just be compliant. If anyone asks me, it was purely for professional discussion only.