Selling Final Expense

[pfs.bjohnson]

Most of the ones I have replace have been just regular old UL. In most every case there has already been a problem with increasing premium and/or reducing DB and the person is already sold on getting rid of it.



I had a GUL yesterday that I replaced. The lady had it for 5 years paying $65/mo for a $50,000 db. It was guaranteed to age 94. She had taken a $500 loan against the cv. They had informed her that the guarantee was now to age 91 and that, if she took any more loans, they would cange the age again.. I'm not sure that's how the discussion went with the company, but, that's wht she and her fiance both insisted they were told.

I put him in a $50,000 whole life for $94/mo. They guarantees sold it for me. They said that's exactly what they were looking for and had already talked to 3 agents. Mine was just the best priced. They said they never wanted to see another policy with "projections" on it.

I really don't run into many GUL's. Like I said, most of my clients don't have anything to replace.

What carriers offer a single $50k whole life policy?

 

[jdeasy]

What carriers offer a single $50k whole life policy?

I guess a better question would be which ones don't. In this case I used RNA, but, there are too many to list that would offer a $50,000 whole life.

 

[pfs.bjohnson]

I guess a better question would be which ones don't. In this case I used RNA, but, there are too many to list that would offer a $50,000 whole life.

I mainly sell through Foresters, UHL, Amer. Amicable, Monumental, & GPM. If I'm not mistaken, none of them offer a single $50K whole life policy. Other than RN, do you mind suggesting a few?

 

[jdeasy]

I mainly sell through Foresters, UHL, Amer. Amicable, Monumental, & GPM. If I'm not mistaken, none of them offer a single $50K whole life policy. Other than RN, do you mind suggesting a few?

UHL will go that high and you say you have them. American General is another. Mutual of Omaha is another. I've run across State Farm of that amount and higher.

I don't really get into them because I use RNA since they have the best rates by far. No reason to look anywhere else for me.

 

[pfs.bjohnson]

UHL will go that high and you say you have them. American General is another. Mutual of Omaha is another. I've run across State Farm of that amount and higher.

I don't really get into them because I use RNA since they have the best rates by far. No reason to look anywhere else for me.

Cool..thanks!

 

[jacobtn]

equitable will write up to 100k FE

 

[Fisher]

American General is another.

AG has a WL product?

 

[jacobtn]

AG has a WL product?

Are you kidding? They have for years. I know I've replaced nearly all I've come across, haha..

 

[Fisher]

Nope, not kidding, Jake. Alls I've ever seen from American General is UL and term. Thanks for elucidating for me.

 

[VolAgent]

Are you kidding? They have for years. I know I've replaced nearly all I've come across, haha..

You sure those aren't old products? How old is the newest one you replaced?