Replaced Foresters Today

[VolAgent]

[quote=RichMcK;516102]I think FD was correct. If my information is correct. Fraternal Companies are not backed by the State Guarantee Association leaving the client down a black hole if the Fraternal went bankrupt. Also, a Certificate is issued not a policy, just like AARP or Globe (which so many of us love to see).

If I'm right then it's a disservice to not replace this Foresters.[/quote]

I couldn't have said it any better myself. All these self righteous agents up here snarling and cussing because the cheapest premium co. is not used, but then they use a FRATERNAL organization...not even a REAL insurance co. that may not even pay out if financial difficulties arise....why that's really screwing the client.

In this economy that fraternal has a better chance of meeting financial difficulties and then not paying death claims. How can those agents even begin to chastize some other agent writing for a Co.with a higher premium?

Seriously, that is all you could come up with? That is just embarrassing. He could have just as easily used another company that isn't a fraternal and still have saved her money.

At the end of the day, he saw a chance to make a sale and made it. In some ways he improved her situation and in other ways he made it worse.

 

[theinsuranceman]

Seriously, that is all you could come up with? That is just embarrassing. He could have just as easily used another company that isn't a fraternal and still have saved her money.

At the end of the day, he saw a chance to make a sale and made it. In some ways he improved her situation and in other ways he made it worse.

Maybe he didn't have any other carriers to use? Is every agent supposed to be appointed with every single co. out there so they can always give the rock bottom rate?

 

[Justin Bilyj]

I was right i this thread turned into an indy vs captive argument. .

 

[Mattschmidt]

Maybe he didn't have any other carriers to use? Is every agent supposed to be appointed with every single co. out there so they can always give the rock bottom rate?

Leave it to Dwight Schrute to ruin this post...Nice Job B- Senior life guy

 

[Newby]

She was about to dump her Foresters anyways (most likely). He gave her an amount she could afford. Because it wasn't with the cheapest company on the planet (like everyone here carriers all bazillion of them) folks have beef with FD. Truth is they'd have beef anyway because he sells LH and he door knocks.

The only independent agent here who could even get me to change my mind is Newbie and he says FD didn't do anything wrong from what I can tell and what we know. When it comes to FE Newbie's word is the Gospel.

Wow! I have you snowed...I mean, You are absolutely correct sir!

I don't understand why ANYONE who sells FE or Med Sups would limit themself to ANY one company and certainly not LH. So from an agent point of view, I just can't identify with it.

Do I think Foresters is a better product than LH? Ehhh? I'm not a fan of either one of them for different reasons. In a situation where either one just happened to be the best option I could sell them. I just don't see many of those situations.

Do I think FD is a CROOK for selling her LH at much higher cost per 1,000 than she already had with Foresters? No. If anything I see agents like him as either extremely lazy or extremely uninformed. I don't know enough about him to know which applies. But neither is a crime.

I think he set himself up to have the original Foresters agent come behind him and "improve" her situation very easily. He MIGHT have neglected to do the replacement form to try to keep under the radar (again I don't know him at all I'm just saying MANY agents "forget" to do replacement forms.) You can imagine that if a replacement form ever came across MY desk that said one of MY policies was replaced by an LH policy, it MIGHT get a LOT of my attention real quick...if I lived through the heart attack.

Does LH even HAVE replacement forms? If they do, I assume they are very dusty.

ANY agent who works captive for ANY company from Bankers Life all the way to New York Life has to drink the kool-aid and sell what they got and ignore that other companies even exist or else they will fail. They can't walk away every time their hands are tied and they don't have the best option. They have to "believe" their brand is worth the difference.

It seems as though FD simply only chooses to pay attention to LH. He probably has no idea how their rates compare to other companies and could care less. It's his choice to believe in his brand.

To the rest of us...it's inventory.

 

[VolAgent]

Maybe he didn't have any other carriers to use? Is every agent supposed to be appointed with every single co. out there so they can always give the rock bottom rate?

Of course every agent isn't going to be appointed with every single company. But from what I have seen of FE, there is no reason for an agent to have only one company.

 

[Mattschmidt]

Maybe he didn't have any other carriers to use? Is every agent supposed to be appointed with every single co. out there so they can always give the rock bottom rate?

When Will Dwight Schrute just go back to his beet farm?

 

[0b1kanobee]

Of course every agent isn't going to be appointed with every single company. But from what I have seen of FE, there is no reason for an agent to have only one company.

Well the way LH is structured it may be wise for an agent who wants to work their system to almost use them exclusively. We don't know what arrangement he has with LH or whoever.

For some people having more than one company is too confusing. My buddy works for BCBS. He pretty much only writes BCBS. He knows it like the back of his hand. It would be a disservice almost for him to try and put other moving parts into his practice. He's like 66 y.o. and has a difficult time keeping up with what he has which is one company LOL.

Some guys at 66 y.o. still function like they did when they were 36 y.o.

 

[rousemark]

Well the way LH is structured it may be wise for an agent who wants to work their system to almost use them exclusively. We don't know what arrangement he has with LH or whoever.

For some people having more than one company is too confusing. My buddy works for BCBS. He pretty much only writes BCBS. He knows it like the back of his hand. It would be a disservice almost for him to try and put other moving parts into his practice. He's like 66 y.o. and has a difficult time keeping up with what he has which is one company LOL.

Some guys at 66 y.o. still function like they did when they were 36 y.o.

Just what are you trying to say? I am 67... I can still keep up with two different companies, their rates and underwriting. Why, if I couldn't represent What's Their Name and Who's It, at the same time, I would just quit..

 

[Mattschmidt]

Well the way LH is structured it may be wise for an agent who wants to work their system to almost use them exclusively. We don't know what arrangement he has with LH or whoever.

For some people having more than one company is too confusing. My buddy works for BCBS. He pretty much only writes BCBS. He knows it like the back of his hand. It would be a disservice almost for him to try and put other moving parts into his practice. He's like 66 y.o. and has a difficult time keeping up with what he has which is one company LOL.

Some guys at 66 y.o. still function like they did when they were 36 y.o.

So because a FE agent is too lazy to learn different companies products, it's okay for him to sell a Modified Plan, with Senior Life, when the applicant would qualify for DAY 1 coverage with another carrier??? it's bone head decisions like this, that hurt the consumers, and give us bad names! How would you feel if an agent sold your mom a policy that had a 2 year waiting period, when she is healthy enough to qualify for immediate coverage with another carrier???