Not the application day?! That's terrible!
What if issue day is retroactive to the 3rd of this month?
New Royal Neighbors Rates
- Thread starter SouthernComfort
- Start date
Not the application day?! That's terrible!
What if issue day is retroactive to the 3rd of this month?
- 2,758
This true. I guess the strategy now is to just use them as a specialty company.
- 19,666
I may be reading it wrong but how I read it. I've got several emails sent for clarification but haven't heard back. I hope I'm reading it wrong.
A retroactive cut is even worse than than we thought and what we thought was bad enough.
- 7,012
So I'm thinking their niche is just going to be folks with TIAs in the last 2 years. Is Fexquotes updated? Every time I ran quotes they were still in the top 10...though that's not saying much.
You will have to request the issue date to be the app date to save on any changes effective today.
Problem will be that you got to get the premium paid by applicant from the app sign date. You may be able to request that June 1-9 be the effective date to save the client premium.
- 3,165
I havent gotten NONE of this info, I just submitted 2 EL apps last week. I had to call last week & get them to email me the SWL changes, its like they have cut me off the email list except for the stupid UL emails!
70%? 47%?? WoW, I dont care how good their rates are, Im not taking that big of a haircut to offer them....Im not in the charity biz.
Can someone please post some good companies thats comparable, I only have to use f/u about once a month usually??
Looks like I might as well take RNA out my bag!
- 26,170
Same here. I did get the comp schedule today. After reading this thread I had to pull it out of the trash to read it. Did they also lower the renewals on the SIWL.
- 1,930
I have not received anything about a commission change, just the rates change: Due to regulatory changes affecting non-forfeiture rates, we have updated our Simplified Issue Whole Life (SIWL, Form Series 1311) and Graded Death Benefit (GDB, Form Series 1312) products today. These products continue to provide excellent value to clients looking for a competitive final expense product.
hahahaha Excellent Value my ***
hahahaha Excellent Value my ***
Yeah, they sliced the renewals pretty good. That was one of the attractive things about RNA. Not any longer though.
The commissions for the EL, 100K and above are pretty good, but that's about it.
In my opinion, RNA has just put themselves right out of business! Well, new business anyway.
Well, United of Omaha's Living promise...here we come!
