Rate comparison, Lincoln Heritage and Senior Life

[theinsuranceman]

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.

But "competition" is plural, not singular. One out of 30+ is weak! You're the joke. 65 year old stoner is a joke to me...lol.

 

[theinsuranceman]

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?

Whatever man.

 

[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?

Hard to believe but could be true. Can anyone up here verify is this is true or not?

 

[rousemark]

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.

What is wrong with one carrier.. That is all you can find to do what you claim!

 

[titeye]

Whatever man.

Typical response of someone avoiding a direct closed-end question.

 

[goillini52]

But "competition" is plural, not singular. One out of 30+ is weak! You're the joke. 65 year old stoner is a joke to me...lol.

I'm 66. I've been smoking pot since 1970 and it's finally getting legalized...and that's no joke.

One carrier is all I need for this scenario. Are you sure you're not a Democrat?

 

[goillini52]

Hard to believe but could be true. Can anyone up here verify is this is true or not?

Look on FexQuotes. Or were you questioning that Sentinel will take that case? They'll take a 1 year old as long as they haven't taken more than 50 units in a day in the past 5 years. That's the key. They're 0-85 for Level and as long as they haven't taken more than 50 units in a day in the past 5 years, they're good to go.

What can you do for somebody on oxygen?

 

[rousemark]

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?

Greg: Don't think it misleading at all.. I don't think you have ever heard me criticize SL over having high rates but I am critical of them over the way they word their contract to use every possibly to take the agents commissions away..

They say in their manual that the Value Added products aren't theirs and yet they reduce your first year commission and take away all renewals on a policy to which you do not tack on the "Added Value".... Why, if the product is not theirs then there is no way the folks it belongs to are paying them anywhere near the amount they take away form the agent if it is not included.

Have already mentioned the renewal grab so no need to go into that. Then, on top of that they do a 100% charge back on any policy that does not pay the 7th month. I don't have a single company that has that commission grab.

They don't pay commission on policy fees. Several other companies do that but it doesn't make it palatable. Especially, when you take it in as just one of many item to deny agents commission.

Build up SL all you want.. I am sure they have soem good points... But when ou try to use them to knock all the other FE companies, you are normally going to end up looking foolish and I don't believe you fall into that category.

 

[titeye]

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.

1. 99.9% of the agents coming into the business can get their own 20 FRESH EXCLUSIVE leads on credit without having to pay for their drop up front. It's called a CREDIT CARD. How is doing it your way a competitive advantage?
2. Irrelevant.
3. You have 20+ years of selling one product, FE. You honestly believe that's a good thing. I have 25+ years of selling WL, UL, VUL, IUL, and annuities. FE is nothing more than small WL policies. It doesn't get any simpler.
4. Anyone can get facebook leads for only $15 each emailed in real time. Even if they have to pay $20, that's only $260 more annually and the entire amount is a 100% tax deductible.
5. SL is not the only vendor with TV leads or live transfers. And they are not the least expensive.
6. No charge backs out of advances is also irrelevant for the full-time agent who works 20+ new leads every week.
7. SL pays life time renewals ONLY ON CERTAIN CONTRACT LEVELS. Some of your commission schedules don't pay the agents renewals at all!

Try being transparent with agents interested in what SL has to offer.

SL agents represent less the 3%, give or take, of all agents on this forum. With your experience selling only one financial product for 20+ years with only one company, you know better than the other 97% of experienced agents in the forum. Is that what you're trying to get us to buy? Don't respond. It's a rhetorical question.

 

[rousemark]

But "competition" is plural, not singular. One out of 30+ is weak! You're the joke. 65 year old stoner is a joke to me...lol.

Greg would he even qualify for Super Preferred? According to the app you sent me it asks. "In the past ten years have you had, been treated, received medical advice or prescribed medication for, or been diagnosed with uncontrolled diabetes including any complications from such, uncontrolled high blood pressure, stroke, paralysis, cancer, any heart, organ, or lung disease (including Chronic Obstructive Pulmonary Disease/Emphysema) mental disorder/ retardation, disorder of the brain or nervous system, any impairment, disorder, disease, transplant or chronic illness"

Asthma is a lung disease and if it is bad enough they are taking albuteroll on a regular basis, it would certainly be a chronic disease.

It looks like we are comparing against the preferred rates at best...If that be the case, there would be many companies with a lesser rate.