Rate comparison, Lincoln Heritage and Senior Life

[theinsuranceman]

I'm saying that the only product SL has that "blows anything out of the water" is Super Preferred. PERIOD!
This is the Final Expense business. Target market ages 50-85. How many seniors that FE targets are Super Preferred? Go ahead and put your foot in your mouth again by stating an absurdly high percentage.

There are numerous "truly" independent agents in this forum. It doesn't take a rocket scientist to conclude that if SL was the carrier of choice, an overwhelming number would be contracting with them, considering SL professes to be non-captive. Wouldn't you agree?

Your post practically begged for agents to come and join your outfit. You are hilarious, no offense.

By the way, I came across a post that you wrote a few years back stating that most carriers pay agents 120% to sell Final Expense, with no proof of production. Does that statement apply to your contracts to new agents as well? A simple Yes or No, will suffice.

I don't remember saying anything of the sort in bold up above. I will say this: MORE than 120% is available for those who have the juice.

What kind of production can you verify? Any group production? Call me if interested.

 

[rousemark]

True it's a rare occurrence taking insulin at age 5. Replace "started taking insulin at age 5" with "started taking insulin at age 39" then.

Liberty Bankers Preferred is 792.50 compared to SL Preferred $968.70.. and Super Preferred $776.00.. So if he qualifies for Super Preferred SL is $16 per year cheaper..Neither company blows another out of the water... and you won't find in LBL's contract that you loose all renewal commissions, even if you are still and active agent, if your persistency falls below 72.5%

 

[theinsuranceman]

Liberty Bankers Preferred is 792.50 compared to SL Preferred $968.70.. and Super Preferred $776.00.. So if he qualifies for Super Preferred SL is $16 per year cheaper..Neither company blows another out of the water... and you won't find in LBL's contract that you loose all renewal commissions, even if you are still and active agent, if your persistency falls below 72.5%

But Louis he DOES qualify for super-preferred, and there's NO MIB or phone interview either! And since Sr Life's rate is cheaper wouldn't you and all the brokers up here want to give the cheapest rate? Remember that Sr Life pays life time renewals too. Maybe Liberty Bankers does too? I don't know. You can answer that right?

Louis you've been around the block enough times to know that you could compare the preferred rates of 10 carriers BUT the health questions on all 10 applications would be different. What one carrier would rate preferred another carrier would rate standard...all on the same proposed insured.

Louis, most agents can easily achieve 13th month persistency of 72.5% except the agents who like to roll business from carrier to carrier every few months trying to get advanced again on the same Ms. Jones they were advanced on just a few months earlier.
You wouldn't lose all your commissions if 13th month persistency was below 72.5% one month. You'd only lose the renewals for that one month. It's designed to encourage agents to conserve business which helps a carrier's profitability. There's been a few FE carriers to either exit the FE arena or tighten up their health questions or raise their rates the last few years.

The way you wrote about this up above is kinda misleading don't you think?

 

[titeye]

I don't remember saying anything of the sort in bold up above. I will say this: MORE than 120% is available for those who have the juice.

What kind of production can you verify? Any group production? Call me if interested.

So is that a yes, or was that a no, with an explanation. That's like asking your client a yes or no health related question on your application, and they respond no, but feel the need to elaborate. LOL. It is either yes, or no!

 

[theinsuranceman]

But Louis he DOES qualify for super-preferred, and there's NO MIB or phone interview either! And since Sr Life's rate is cheaper wouldn't you and all the brokers up here want to give the cheapest rate? Remember that Sr Life pays life time renewals too. Maybe Liberty Bankers does too? I don't know. You can answer that right?

Louis you've been around the block enough times to know that you could compare the preferred rates of 10 carriers BUT the health questions on all 10 applications would be different. What one carrier would rate preferred another carrier would rate standard...all on the same proposed insured.

Louis, most agents can easily achieve 13th month persistency of 72.5% except the agents who like to roll business from carrier to carrier every few months trying to get advanced again on the same Ms. Jones they were advanced on just a few months earlier.
You wouldn't lose all your commissions if 13th month persistency was below 72.5% one month. You'd only lose the renewals for that one month. It's designed to encourage agents to conserve business which helps a carrier's profitability. There's been a few FE carriers to either exit the FE arena or tighten up their health questions or raise their rates the last few years.

The way you wrote about this up above is kinda misleading don't you think?[/QUOTE

WELL.....LOOKS LIKE ALL THE BULLIES HAVE LEFT THE PLAYGROUND. TIME FOR ME TO GO MAKE SOME $$$!
(hint: It's hard to make much $$$ sitting around up here posting all day. Even though you gain new ideas and insight they just can't be put to use if you live up here)

 

[goillini52]

I'm proud to say I'm not a liberal Democrat. That party gets worse and worse as the years go by. Reminds me of Hollywood.

Well looks like you are wrong. Removing the ADB from SL's rates so we can compare rates more accurately, $10k annually is $740.64 with SL which BEATS Sentinel Security's $10k rate of $778.10. Right?

Even if Sentinel Security was cheaper than SL in this scenario, and since you only listed Sentinel Security without any other carriers as also being lower, I'd say Senior Life still blew the FE carriers out of the water.

For this scenario above, since none of the independent brokers have spoken up, it appears to be safe to say that Senior Life blew the competition out of the water. After all Sr Life's $740.64 blew your only hope, Sentinel Security's $778.10 out of the water.

Since I don't have to go around trying to find the cheapest premium like other agents do who have weak closing skills, I'm inviting brokers to share with us who can beat Sr. Life's rates with other FE carriers for this example?

Todd? Newby? Rouse? Ben? JD? Talk to me.....lol.

Before you get too cocky, I f*cked up. To add the AD rate, I used the rate book. I priced a 70 year old.

I just used FexQuotes and verified in the rate book. Sentinel is $625.80, beating SL by $114.84 a year. That's a huge difference.!!!


What else have you got?

 

[theinsuranceman]

So is that a yes, or was that a no, with an explanation. That's like asking your client a yes or no health related question on your application, and they respond no, but feel the need to elaborate. LOL. It is either yes, or no!

I said MORE than 120% is available if you have the juice. How you not comprehend that?

Most agents I recruit start less than 120%. Why????
1. I can get them 20 FRESH EXCLUSIVE leads on credit without them having to pay for their drop up front. No one else up here is doing that to my knowledge.
2. A certain amount of hand holding is involved for the inexperienced.
3. I have 20+ years selling only one product, Final Expense.
4. Agents can get facebook leads for only $15 each emailed to them in real time throughout the day. Call them back when they are just 5 min. old! Makes them easier to catch up with.
5. TV leads called back when they are just minutes old, sometimes live transfers are available from people who just called the TV commercial and gave the operator all their info.
6.No charge backs out of their advance.
7. Life time renewals.

There's more but you or anyone else can call me. On 2nd thought titeye I would not be interested in you.

 

[theinsuranceman]

Before you get too cocky, I f*cked up. To add the AD rate, I used the rate book. I priced a 70 year old.

I just used FexQuotes and verified in the rate book. Sentinel is $625.80, beating SL by $114.84 a year. That's a huge difference.!!!

What else have you got?

You can find only one carrier out of 30+? I'd say that's still blowing the competition out of the water. Go pack another bowl...lol.

 

[goillini52]

You can find only one carrier out of 30+? I'd say that's still blowing the competition out of the water. Go pack another bowl...lol.

One carrier is all I need to blow your ass out of the water.

So, yo don't think it's a good idea to use more than one carrier so that you can save somebody almost 20% in premium for the same F.A. ? Hmmmmm

I just had a bowl, won't need any more for a while.

You're a joke.

 

[titeye]

I said MORE than 120% is available if you have the juice. How you not comprehend that?

First of all, I comprehend that to mean "NO, but..."

Secondly, you conveniently ignored altogether my first question regarding other independent agents coming aboard SL if it had the superior product(s). Did you think your filibuster would make me forget that you never answered my questions?