MedicareMutt
Guru
- 335
American Home Life, Baltimore Life, American Amicable, AIG, Cica, Liberty Bankers, and MOO
Rank in terms of consumer value ..?
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- 25,990
Interesting. Why?
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- #3
MedicareMutt
Guru
- 335
Why not?
- 25,990
I was just curious about why those companies.
Of those companies some I have never written, a couple it's been two or three decades. Just wondering if I am missing something.
Edit: Not in any value order. Plans and clients differ. $1.5M in a GUL on a 45yo v $1.5M term on a 75yo. RoPTerm v a WL. FE/SIWL v Traditional.
Currently my two pending are. Corebridge and Protective.
In the last year or so add - PacLife, Illinois Mutual, Lincoln and Assurity. Just picked up Cincinnati Life again.
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MedicareMutt
Guru
- 335
Corebridge and Protective. FE based or no ..? That's what i am looking at ...
- 25,990
Got it. No, those are Traditional.
I don't work what some call the FE market.
SIWL to me is just WL with simplified underwriting and built in tables.
'FE' priorities for me = Service, claims speed, then price for me. Oh, and max face amount.
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MedicareMutt
Guru
- 335
So those 2 were for income / mortgage protection ..?
- 25,990
Depending on the client.
Protective - the current (1.5M) pending one is legacy, for grand sons. I sold him a TA 1.5M 15 yr Term 5 yrs ago. For his Ex Wife. He is 70 now.
An earlier one was for a client that needed an extra couple $million GUL. I have a couple others on him and his wife.
Still other Protective are Terms and GULs on 40ish clients
AIG / Corebridge mostly Term. And some GULs. Current pending case is $1.5 term on a Cinci ROPTerm client. The Cinci ROPs were designed to have good RdPdUp plans at the end. I wrote hid dad a ROPterm first.
Value? Some of the GULs have ROP values available at different years. Some term have ROP and or reduced paid up.
Not sure if that was your question.
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I write FE, but the only ones I’ve ever used from that list are LBL, AmAm, & AIG.
1) LBL has been a good all around FE carrier for me. Not the cheapest, but competitive. Fairly easy to work with. My main reason for using them is because I’m heavily invested in their home service division. It makes sense for me to place most of my FE business with them as well.
2) AmAm is another good all around carrier. Good smoker rates. Very user friendly e-app. Again, not the cheapest, but competitive. I use them mainly for simplified issue term.
3) AIG. I’ve only used them for GI. I think they brought out a SIWL product, but I haven’t really even looked at it. I haven’t used them in quite a while. For my market, I like Gerber better for GI, even though they pay a little less.
A close friend of mine, who has become nearly exclusively a Medicare agent, uses United Life as his go to. On SIWL, their rates are hard to beat. But they’re not a “know before you go” type carrier. Apps still have to be underwritten, even though they’re fairly lenient in what they’ll issue as standard.
Maybe post your question in the FE forum. You’ll get more FE specific agents to answer over there.
