Preneed Vs. Graded Policy from Presidential

[Newby]

Insurance companies make the bulk of their cash flow from lapsed polices-- Very little overhead involved vs tangible producing manufactures

Isn't presidential a GI only co? They have to be making a profit or they wouldn't be in the business

Isn't profits really the bottom line?

Presidential is PRICED for GI only sales. Pre-need is priced for MANY GI sales. MOO is priced to catch a mixture of health from prefered all the way to GI. If that product gets overloaded with GI cases it would tank.

I recently prevented a lady from buying it who I got approved with Genworth at Prefered Plus. She didn't understand that she was considering an insurance of last resort with the MOO.

 

[sellingdog]

Newby, I also gave her the information that you provided so that she had a choice.

Again, thanks for all replys and wisdom.