Senior Life Insurance Company Info

[CALTCAgent]

That's not true...I was Appointed with senior life for about 5 days, and was emailed rates...Whoever your speaking with isn't shooting you straight

I needed the rates, product and underwriting info to decide if its worth it to appoint.

I don't do final expense much.

Seems they are secretive, even though this wasn't a captive thing.

 

[360]

To me SL is just like LH. It's great if that is all you want to sell and you just put your blinders on and sell it regardless of how good the product is, what the rates are or what your comp is. Most situations like this are only attractive because the company is assisting you in lead generation therefore they will keep a new agent around for awhile because the agent doesn't know how to get leads on their own. A few will make a career out of it and keep drinking the kool-aid but most will move on to more competitive products and comp.

 

[funeraldirector]

To me SL is just like LH. It's great if that is all you want to sell and you just put your blinders on and sell it regardless of how good the product is, what the rates are or what your comp is. Most situations like this are only attractive because the company is assisting you in lead generation therefore they will keep a new agent around for awhile because the agent doesn't know how to get leads on their own. A few will make a career out of it and keep drinking the kool-aid but most will move on to more competitive products and comp.

In California our go to product is Senor Life especially their Super Primero Grande policy, 500,000 min face non-med

 

[WinoBlues]

First off SL is nothing like LH. LH is on pace to collect over 100 mil in annualized premium and just in FE. SL isn't even close. LH has over 95 mil in capital and surplus. SL?
People go with captive companies like LH because you make money. They have a very very consistent lead flow always. You don't have to spend all your time generating your own leads you just sell.
This month I have taken over 100 leads for about 3k. I've made 7k in my account. The leads are almost payed off and I still have people to see. I could take 150 if I had the energy and make more. I don't care what the leads cost or my contract level now.
The #1 agent (not manager) with lincoln was captive and wrote over 380k in ap and had a persistency of 96%. His net income was huge! The brokers appointed to lincoln on this forum can look at the news letter from December and confirm his production.
Agents shouldn't think that you start captive and "graduate" to being independent. You can make the most money captive. And being captive doesn't mean your company provides bad service. My clients love the company. No mistakes no double billing no automated phones friendly servive fast claims.
If drinking the Kool-aid provides a carrier like this then call me addicted!

Do not take this as a knock. It is not intended to be. I do not care one way or the other about LH, SL, EEFS, Securus or any organization. Captive, Semi captive or otherwise all the same to me. However, sometimes you make statements that sound like LH is the only one that pays claims, does not make billing errors, pays the agents etc... And the way you say it almost sounds like a scare tactic. As in "I know that LH will pay me".

I have be writing business a few years also. I have never had a claim denied, I have always been paid, I get renewals as little as $20. a year from companies I have not written in 10 years. As far as service I do not hear any complaints, however I encourage my clients to call my 800# number not a companies. They truly are my clients, Not XYZ's.

Again, not knocking you. When I started at John Hancock I was mainlining the kool-aid. I am just saying all the attributes you are claiming are LH's are what we should all expect from all our companies.

Sounds like you are kicking ass. Good on you.

 

[WinoBlues]

Im sorry I guess I did come across that way. I didn't want everyone to think that LH was the only company like this. Some of the posts that I read on here make it seem that LH provides a terrible service or products and that you can't make money working with them.

Just curious is LH one of the companies you are appointed with.

No. But if they were the appropriate policy for a client I would write them in a heart beat. My knock on LH is the crazy lead balances some of the agenst have. Vector bait.

I am also not a FE only agent. Example I am working with two different 65 year old couples. One couple I am putting with Oxford. The other is getting a GUL and a ONL WL. So I look at FE companies through a different lens. It is all Life Insurance. Tools to fix a problem.

 

[jdeasy]

The only people that will tell you that LH is agent friendly are people that are recruiting for LH.

They are simply a terrible company for the clients and the agents. Anyone that says otherwise is either a liar or a recuiter for them or both.

 

[RonRoberts]

No. But if they were the appropriate policy for a client I would write them in a heart beat. My knock on LH is the crazy lead balances some of the agenst have. Vector bait.

I just received a notice today that one of my LH monthly direct SSI debit card policies was replaced (not lapsed)...reason was due to "better deal." At the time I felt it was the appropriate policy for the ciient but obviously not the lowest price...another one bites the dust.

 

[WinoBlues]

I just received a notice today that one of my LH monthly direct SSI debit card policies was replaced (not lapsed)...reason was due to "better deal." At the time I felt it was the appropriate policy for the ciient but obviously not the lowest price...another one bites the dust.

You were new at the time and only knew what you were told. I am a bit crustier. Price is always a part of the equation. I wrote ULs in the mid 80s I really regret some of those.

On an other note. I saw in another post that you are going to hit Rick up. Good move. He is going to be my pick if I ever pull that trigger. Just my 2 cents.

 

[RonRoberts]

You were new at the time and only knew what you were told. I am a bit crustier. Price is always a part of the equation. I wrote ULs in the mid 80s I really regret some of those.

On an other note. I saw in another post that you are going to hit Rick up. Good move. He is going to be my pick if I ever pull that trigger. Just my 2 cents.

I have a good friend that sells nothing but UL's. He makes a good living and really seems to put his clients interest first. My only problem with that is that I do not believe that there is a "one product fits all" and he does.

Thanks for the 2 cents, I really appreciate your opinion.

 

[WinoBlues]

I have a good friend that sells nothing but UL's. He makes a good living and really seems to put his clients interest first. My only problem with that is that I do not believe that there is a "one product fits all" and he does.

Thanks for the 2 cents, I really appreciate your opinion.

Totally agree with that.

On the ULs your friend will tell you that many of the plans written in the 80s are or have already imploded. My point was I was a young agent that believed what my manager said.