- 152
Not an observation, but are funeral directors cold?
Should I beleive my FD? He said he'd be the last person to let ME down! LOL
Should I beleive my FD? He said he'd be the last person to let ME down! LOL
Replaced Foresters Today
- Thread starter funeraldirector
- Start date
- Thread starter
- #12
- 170
I'm sure it's a pleasant thought...However, because of the way I work, planning the funeral and not simply selling on price, an insurance guy won't be able to come in back of me and unravel the deal. In the past twenty years, I've had 2 NTO and never been replaced. I hasten to make it clear that I love the life ins industry. What I do has very little to do with monthly pre and everything to do with service. When I leave a home everything re the funeral has been done and buttoned up. You can't undo that. Nevertheless, I don't have illusions about what I am. I'm not a financial planner. I peddle burial insurance door to door...
How much was she paying for the Foresters policy?
Does the LH have immeadiate coverage or is it one with a 2 year wait?
You've sold LH for 20 years and have never been replaced? I find that hard to believe.
I was lucky enough to run into my first LH plan last week. The clients gave me the speech about how this was their "burial" plan and that it was all set up and they were keeping it. Once I showed them that it was simply life insurance, and that I could increase their DB by 50% for the same price, they were on board.
If you have been selling this stuff for 20 years, I'm gonna go ahead and say it is impossible that you have not been replaced.
Also, if you are selling in the field, why don't you just offer other carriers that are more affordable? I don't get it...
- 17,069
Inflation in the funeral and cemetery industry has averaged 4.5% inflation not 7%. At least over the last 60 years.
A healthy 70 year old is not expected to die within 10 years on average. And even if the AVERAGE one did, that would leave 49% of them that would outlive the average.
Congrats on the sale. Sounds like the Foresters agent had him overloaded. I agree that if they can't afford it you are doing them a favor. I can't imagine why you do all that you do but then sell them LH. Why wouldn't you offer them other choices?
A healthy 70 year old is not expected to die within 10 years on average. And even if the AVERAGE one did, that would leave 49% of them that would outlive the average.
Congrats on the sale. Sounds like the Foresters agent had him overloaded. I agree that if they can't afford it you are doing them a favor. I can't imagine why you do all that you do but then sell them LH. Why wouldn't you offer them other choices?
- 19,641
You reduced the face is all you did to make a sale. Once the Foresters agent finds out all he will have to do is go in and match the face amount that you reduced and will again be lower priced for the same coverage.
Sure you gave the FCGS crap. Did you tell them it was worthless for two years?
- 397
Hope your E&O insurance is paid up. If she dies next week and her kids find out she canceled a 10K policy and replaced it with a 4K policy, you may have a chance to get friendly with your E&O claims rep.
- 2,455
Hope your E&O insurance is paid up. If she dies next week and her kids find out she canceled a 10K policy and replaced it with a 4K policy, you may have a chance to get friendly with your E&O claims rep.
What happens when YOU replace an AARP 25,000 product (or similar) with a 10,000 level whole life?
I did that almost A YEAR AGO now on a 60 y.o. and the guy (NOW) doesn't have long to live. Was perfectly healthy on the outside when I did it. Apparently he now has liver disease.
pfs.bjohnson
Expert
- 65
It's all a craps shootWhat happens when YOU replace an AARP 25,000 product (or similar) with a 10,000 level whole life?
I did that almost A YEAR AGO now on a 60 y.o. and the guy (NOW) doesn't have long to live. Was perfectly healthy on the outside when I did it. Apparently he now has liver disease.
Similar threads
