really poor IMO (Americo)

[goillini52]

Go K-State

I already told him that I'd be rooting for Ky. to win by 40. Probably the only team I'd root against for Ky. I always root against Weber!

 

[Thedude]

I will probably butcher this because I am half typing and half wresting with my son and baby girl...

Insurance carriers are backed by the state guarantee fund, so premiums are set in stone. Fraternals CAN put an assessment on the policy if funds are needed. Then the insured would have to pay the company X amount or have it removed from their policy value. Now this is not something that happens (not even sure if it has happened in the last 100 years) but it COULD happen. So some agents replace fraternals by scaring the client out of them even though most fraternals are more financially sound than they company they are using to replace with.

Also fraternals are not allowed to offer policies, they offer certificates. It just keeps getting brought up on here because JD would always say that a fraternal could NOT lower the policy, when in fact that is what it is doing. He would just spin the words around to make it sound like he was right.

Hope that helps.

We have seen what can happen to "financially sound" institutions. What are some examples of fraternals being "more financially sound" than insurance companies? I'm curious because I have heard that said and have never seen anything posted about it.


And some fraternal agents do not tell their clients what a fraternal is.

To be honest I've never replaced a fraternal like that because I do know it's unlikely but you can be sure I'm not hyping up a fraternal like it is the best thing in the world!

 

[KRobby]

I already told him that I'd be rooting for Ky. to win by 40. Probably the only team I'd root against for Ky. I always root against Weber!

I was wondering if you were for or against Weber. Funny how coach cal complained about a tough bracket.

 

[goillini52]

I was wondering if you were for or against Weber. Funny how coach cal complained about a tough bracket.

Self left Weber a loaded team. After Self's players were gone, Weber ran a good program into the ground, and we're still struggling. We paid him millions for 3 years to NOT coach our team.

 

[Thedude]

Like when you sell a fraternal how do you as an agent say with a straight face the price 100 percent doesn't change?

Cause it COULD. I do not care about history. History has always been a good indicator of the future but always has some unexpected events.

OH its cheap. Haha.

 

[bboman23]

That was damn good. And we could almost not hear the accent.

I do NOT have an accent! Everyone else does!

 

[goillini52]

Like when you sell a fraternal how do you as an agent say with a straight face the price 100 percent doesn't change?

Cause it COULD. I do not care about history. History has always been a good indicator of the future but always has some unexpected events.

OH its cheap. Haha.

You couldn't, but you have to explain about the possibility of an assessment. I also have 2 Fraternal Med Supp companies that I have to go over that also.

 

[bboman23]

We have seen what can happen to "financially sound" institutions. What are some examples of fraternals being "more financially sound" than insurance companies? I'm curious because I have heard that said and have never seen anything posted about it.


And some fraternal agents do not tell their clients what a fraternal is.

To be honest I've never replaced a fraternal like that because I do know it's unlikely but you can be sure I'm not hyping up a fraternal like it is the best thing in the world!

Being from Mississippi, I am not good at looking all of this stuff up!

I am just saying that a company like Foresters probably has way more financial stability than some of the little biddy insurance companies that have 8-10 employees and do 5-6 million per year in AP. But some agents would replace Foresters with that small company because it is more "stable".

I find the need, and fill that need. I don't have to be the cheapest and I don't really care if it is fraternal or and insurance company. I sell myself and most people buy because of trusting me.

Some agents have to get creative and do whatever to get a policy because of lower comp, bad money management, bad work ethic, or just bad training. I do right by the client and karma has been pretty good so far.

 

[myinsurebiz]

Anyway - Americo sucks and so does JD . . .

 

[Life Hawk]

I do NOT have an accent! Everyone else does!

Singed up a little lady from TN yesterday and enjoyed her accent. We talked about growing tomatoes.