on1sony
Expert
Anybody beat ohio national on 10yr term rates?
california. super preferred.
california. super preferred.
Ohio National - Best 10 year term?
- Thread starter on1sony
- Start date
- 8,707
Re: ohio national - best 10yr term?
Not really trying to beat them but pulled up compulife and ran a quote 250K 10 year level term preffered plus and Ohio National showed up at 16th place $130 annually some others showed up as
National Life Vermont $90
Reliastar $102.50
Protective Life/SBLI/West Coast $107.50
Banner $110
not going to list the rest. I don't know what amount you where running but you might want to check out compulife excellent resource
Not really trying to beat them but pulled up compulife and ran a quote 250K 10 year level term preffered plus and Ohio National showed up at 16th place $130 annually some others showed up as
National Life Vermont $90
Reliastar $102.50
Protective Life/SBLI/West Coast $107.50
Banner $110
not going to list the rest. I don't know what amount you where running but you might want to check out compulife excellent resource
Re: ohio national - best 10yr term?
I'm not saying on1sony is doing this, but I do believe too many agents, especially newer ones, spend too much time chasing the lowest possible rate.
In my early years I would tell people I'd get them the best rate out there. Dumb! Live by the sword, die by the sword. I don't want my business with a client based on the lowest rate. I provide quality advice, and good service. I can't remember when someone asked me if I was providing the cheapest rate possible. I haven't lost a sale in years because someone was able to beat my rate by 10 bucks a month.
Find a good company, with decent rates, with decent compensation, good service to the agents, put most of your business with them, maximize your contract to get bonuses, trips, incentives, and benefits.
My opinion only.
I'm not saying on1sony is doing this, but I do believe too many agents, especially newer ones, spend too much time chasing the lowest possible rate.
In my early years I would tell people I'd get them the best rate out there. Dumb! Live by the sword, die by the sword. I don't want my business with a client based on the lowest rate. I provide quality advice, and good service. I can't remember when someone asked me if I was providing the cheapest rate possible. I haven't lost a sale in years because someone was able to beat my rate by 10 bucks a month.
Find a good company, with decent rates, with decent compensation, good service to the agents, put most of your business with them, maximize your contract to get bonuses, trips, incentives, and benefits.
My opinion only.
- 8,707
Re: ohio national - best 10yr term?
I agree Its irrational to go through the hoops to get appointed with a company for a $40 per year or $3.50 a month savings to the client. I'd rather deal with a Company that will give me good service and not be a hinderance in underwriting
I agree Its irrational to go through the hoops to get appointed with a company for a $40 per year or $3.50 a month savings to the client. I'd rather deal with a Company that will give me good service and not be a hinderance in underwriting
- Thread starter
- #5
on1sony
Expert
Re: ohio national - best 10yr term?
I'm sure that how highly the insurance carrier is ranked is also an important factor in selling a policy.
I'm sure that how highly the insurance carrier is ranked is also an important factor in selling a policy.
Re: ohio national - best 10yr term?
They are very good rates but the conversion privilage ends when the policy term period ends so if you are looking at that that is a consideration. Although if you are looking to beat someone else's rates by $10.00 I doubt you are.
They are very good rates but the conversion privilage ends when the policy term period ends so if you are looking at that that is a consideration. Although if you are looking to beat someone else's rates by $10.00 I doubt you are.
- Staff
- #7
- 133
Re: ohio national - best 10yr term?
I concur with those who have said that if the company makes getting your policy through underwriting too hard, it doesn't matter how cheap the products are. I had one major carrier, which, IMO, still has the cheapest term rates, but getting through underwriting was like pulling teeth. I think that out of four policies I submitted one month to them, they issued one of them.
Just remember, no matter how good of a salesman you are, if your policies don't get issued, you don't get paid.
Dave
I concur with those who have said that if the company makes getting your policy through underwriting too hard, it doesn't matter how cheap the products are. I had one major carrier, which, IMO, still has the cheapest term rates, but getting through underwriting was like pulling teeth. I think that out of four policies I submitted one month to them, they issued one of them.
Just remember, no matter how good of a salesman you are, if your policies don't get issued, you don't get paid.
Dave
- Staff
- #9
- 19,527
Re: ohio national - best 10yr term?
I have a carrier that I have the same problem with, it may be the same as your's. They have fantastic rates and even great agent service, but, their underwriting is so prickly, you just can't folks covered.
I have a carrier that I have the same problem with, it may be the same as your's. They have fantastic rates and even great agent service, but, their underwriting is so prickly, you just can't folks covered.
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