Settlers... When Can We Start....

[HoosierDaddy]

Not surprised. Do you find them ethical to agents at all? Just curious.

There must be a story? You have to the share the story now... What happened? Where you treated unethical by Settlers?

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---------- They won't contract me and I'm known in annuities, so my opinion is biased.

Do you think this is because of you, or that they don't want Annuity business. Interest rates being low for so long I think a lot of carriers are tapping the brakes on Annuities... I have no idea really, just drawing my own conclusions.

Travis

 

[lifeagent007]

Not surprised. Do you find them ethical to agents at all? Just curious.

Oh yes from what i've found they are a very ethical company, just very slow to get things done I.E. their approval on "enhanced POS" or "new apps that can allow cc's and match ss payments"

I wonder why you had trouble getting contracted, they are nice to have if you write annuities as i'm sure you have opportunities for single premium life from time to time which they are very competitive rate wise.

 

[KRobby]

There must be a story? You have to the share the story now... What happened? Where you treated unethical by Settlers?

I initially thought they were fantastic, looked perfect for fe.

I can't get contracted for fe (settlers or any other) due to credit issues from years ago (laid off from an insurance auditor job). I take responsibility for being confused at the time as to my next career choice, like 2010) but I was EASILY able to submit annuity premium with a simple email explaining my situation. Here's 100k premium plus a simple paragraph, done, here's your commission direct deposit. With fe, no luck.
Just my story to share, no hard feelings at all.

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Oh yes from what i've found they are a very ethical company, just very slow to get things done I.E. their approval on "enhanced POS" or "new apps that can allow cc's and match ss payments"

I wonder why you had trouble getting contracted, they are nice to have if you write annuities as i'm sure you have opportunities for single premium life from time to time which they are very competitive rate wise.

My annuity business is from Guggenheim, Forethought (mostly), and Allianz.

 

[HoosierDaddy]

I initially thought they were fantastic, looked perfect for fe. I can't get contracted for fe (settlers) due to credit issues from years ago (laid off from an insurance auditor job). I take responsibility for being confused at the time as to my next career choice, like 2010) but I was EASILY able to submit annuity premium with a simple email explaining my situation. Here's 100k premium plus a simple paragraph, done, here's your commission direct deposit. With fe, no luck. Just my story to share, no hard feelings at all.

Do you write FE now? If you do and actively working the FE market I bet there is an IMO out there that may be able to help you out with your Settlers problem.

However, your situation does not implicate Settlers has being unethical. Many carriers have strict guidelines to credit for agents. They can choose us like we can choose them. I wouldn't want Lincoln Heritage going around accusing me of being unethical, because I refuse to write their product. Same thing here... Just because they took a pass on the risky business.

 

[KRobby]

Do you write FE now? If you do and actively working the FE market I bet there is an IMO out there that may be able to help you out with your Settlers problem.

However, your situation does not implicate Settlers has being unethical. Many carriers have strict guidelines to credit for agents. They can choose us like we can choose them. I wouldn't want Lincoln Heritage going around accusing me of being unethical, because I refuse to write their product. Same thing here... Just because they took a pass on the risky business.

Probably not settlers specifically, just fe in general. Frustrated that they would pass when I'm writing big annuity commission.

 

[Newby]

Probably not settlers specifically, just fe in general. Frustrated that they would pass when I'm writing big annuity commission.

Think about it. With annuities you submit $100,000 premium and collect $7,000 commission.

FE you submitt $100 premium and walk away with $1,500 commission.

Which one do you think insurance companies get screwed over on by agents more often?

 

[indiana260]

Probably not settlers specifically, just fe in general. Frustrated that they would pass when I'm writing big annuity commission.

Why not just pay off the debt

 

[KRobby]

With annuities you submit $100,000 premium and collect $7,000 commission.

Aren't they great?

So glad I taught myself how to sell them when starved.

 

[HoosierDaddy]

Aren't they great? So glad I taught myself how to sell them when starved.

Whom should have taught you?

 

[TwiLight]

I can't get contracted for fe (settlers or any other) due to credit issues from years ago

There are plenty of FE carriers that will take you..... Just as long as you have no Tax Issues or Child Support Arrears.

Financed too. Send me a PM and I will give you a list of carriers to check out.