Other than anecdotal, I cant find any data on persistency. Is there any data on the FE market in regards to:1) persistency 2) how long the average policy needs to stay on the books in order for it to have a good chance of paying the DB?
Thanks for the input. I was reflecting on how many FE policies actually stay in force long enough to pay a death claim, not how many death claims get denied. ( I think I saw settlers statistics on paid vs denied claims). I have heard the statistic that 1 % of all term life policies are in force long enough to pay a death claim... So I was simply try to compare the percentage of term policies that pay a death benefit with FE polcies. I have not seen a statistic for this and my guess is that it may not be a very flattering statistic. Otherwise why isn't this number paraded about for the FE agent and carriers to illustrate the value of owning this program?
