Ok, Jdeasy and TD, and Reardon

[SouthernComfort]

Do any of you or anyone else run up on Delta Life Insurance (debit) where you would know what their plan m81 is. I was in the prospects home today and all he had was a card that tracked his payments and listed the plan as m81 and amount 10,000 (46.89). RNA was 55.68 but he has had this and been paying for over 15 years.

He had not mailed anything he was a man I had door knocked.

 

[SportsNut]

No clue about Delta Life... but I have come across some slick looking Delta faucets in my day.

Regarding Delta Life, I did glance at their website and they have a ton of District Offices in Ga. This screams of a debit company to me based on how they seem to be blanketing the state of Ga. The website itself also looks like something a high schooler put together over the weekend... Scratch that, most hs could run circles around this and still leave time for a good party in the same weekend.

But I digress... I realize I haven't helped you any here... but I'm sure others will. Have you seen that new line of faucets lately?

 

[jdeasy]

Do any of you or anyone else run up on Delta Life Insurance (debit) where you would know what their plan m81 is. I was in the prospects home today and all he had was a card that tracked his payments and listed the plan as m81 and amount 10,000 (46.89). RNA was 55.68 but he has had this and been paying for over 15 years.

He had not mailed anything he was a man I had door knocked.

He has been overpaying for 15 years is about as much as I can say about it. Never ran across that company.

That's a deal where I would call the company and ask about the surrender value. It should be significant after 15 years of overpaying but let's just say it's $2500. I would then go into my spiel about how insurance works and you want to keep the insurance company on the hook more then yourself. In this case you really have a $7500 policy that you are paying $47/mo for because the $2500 is your money. What I can do for you is put you in the same coverage and the insurance company is on the hook again for the whole $10,000. Now that will cost you $9/mo more than you are paying BUT you get a check for $2500. I've already done the math for you and you would have to keep the new policy for 23 years to be even. Of course the new policy is also going to build cash and in a couple of years it will have a little. 5,6 7 years down the road and you are still in good health we will do this again. "does that make sense to you Mr. Prospect?"

 

[Justin Bilyj]

Great post jd, thank you for sharing your process.

 

[xrac]

He has been overpaying for 15 years is about as much as I can say about it. Never ran across that company.

That's a deal where I would call the company and ask about the surrender value. It should be significant after 15 years of overpaying but let's just say it's $2500. I would then go into my spiel about how insurance works and you want to keep the insurance company on the hook more then yourself. In this case you really have a $7500 policy that you are paying $47/mo for because the $2500 is your money. What I can do for you is put you in the same coverage and the insurance company is on the hook again for the whole $10,000. Now that will cost you $9/mo more than you are paying BUT you get a check for $2500. I've already done the math for you and you would have to keep the new policy for 23 years to be even. Of course the new policy is also going to build cash and in a couple of years it will have a little. 5,6 7 years down the road and you are still in good health we will do this again. "does that make sense to you Mr. Prospect?"

Training from a pro! Worth the price of admission.

 

[SouthernComfort]

Thanks Jdeasy! Just got off the phone with the wife will be seeing him and her again on Monday!

 

[jdeasy]

Training from a pro! Worth the price of admission.

My clock is right a couple of times a day. I do a lot of replacements just like that but they are usually call backs. People are conditioned to believe that if something sounds too good to be true it probably is and these cases seem to good to be true.

My most recent one was a lady that had $3500 cv in her policy and I could do the same coverage for about $5 more per month. She wouldn't buy. About 2 weeks later she called me back and asked if that deal was still available. I told her it was and she said to come on over. She had been thinking about that cash every since I left. She probably checked with someone else to see if I was on the up and up. Her old policy was a $5000 policy. She increased it to $10,000 on the new one.

That's usually how those go. They don't bite at first. It has to simmer.

 

[Justin Bilyj]

I think I read somewhere else a question, you or someone asks that goes sorta like, "how would you like a nice check from the life insurance company"... Wish.i knew how that went.

 

[jdeasy]

I think I read somewhere else a question, you or someone asks that goes sorta like, "how would you like a nice check from the life insurance company"... Wish.i knew how that went.

I know what you're talking about. It's like this, "if the company you have your policy with would lower your rate and send you a nice check would you do it?" They almost always say they would. Then you say, "well they won't do it because they don't have to but their competitors will".

I learned that little nugget from Newby.

 

[reallife]

I know what you're talking about. It's like this, "if the company you have your policy with would lower your rate and send you a nice check would you do it?" They almost always say they would. Then you say, "well they won't do it because they don't have to but their competitors will".

I learned that little nugget from Newby.

Kil-ler.

Thank You

And thanks to emptyeternity and Newby, too.