Perfect FE Plan

[HAMPnet]

Is it possible to have the underwriters consider all facets of the plans offered on the one app? Make that profitable, taking the series of plans as a whole?

It would take some Beta testing, and some weeding out on who was involved, but there has to be profit on simplifying an approach, and we all love simple. If the actuaries could see a profit including all plans, then the volume would be on a fast track.

 

[donamese]

How would you work commissions between the 5 tiers? Front or back loaded? Reduced commissions to provide better rates? Reduced on graded/modified/guaranteed?

5 tiers may make for a longer app which always pisses off agents.

 

[SportsNut]

5 tiers may make for a longer app which always pisses off agents.

Speaking of longer apps, it has been a while since I've written a fully u/w product, but did so yesterday. I now have writters cramp today, [well really carple tunnel since I was filling in the spaces in a pdf]. A 28 page application in total... my printer was saying WTF by the time this was done. It certainly makes one appreciate the FE apps.

 

[Norwayguy]

Speaking of longer apps, it has been a while since I've written a fully u/w product, but did so yesterday. I now have writters cramp today, [well really carple tunnel since I was filling in the spaces in a pdf]. A 28 page application in total... my printer was saying WTF by the time this was done. It certainly makes one appreciate the FE apps.

Hopefully it it did not also require a 20+ page illustration.

 

[SportsNut]

Hopefully it it did not also require a 20+ page illustration.

No, didn't even require an illustration as it was a term life sale, but I did provide a 7 pg illustration anyway. Had to be on the phone for an hr with the client filling out the dang term life app... What a guy has to do for a $ 1500 prem.