Should I use Lincoln for final expense????

[MaineInsuranceGuy]

Looking to get into Final Expense, presently I only have experience with MA and need to change my direction due to the new cms guidelines. I'm trying to figure out which company is the best to work with for final expense? I was on Lincoln's site, looked appealing. Anyone who can offer their advise I would appreciate.

 

[HomeService]

If you are talking about lincoln heritage, my own personal experience is they were just trying to sell me leads. Just my own experience. Some people may do fine buying the leads.

 

[myinsurebiz]

There are many choices - look around.

Tom

 

[Todd King]

Lincoln Heritage is a bit on the expensive side from my experience.

 

[MaineInsuranceGuy]

If you were going to begin from scratch on promoting final expense who would you recommend for overall satisfaction? Any advise appreciated.

 

[Newby]

Americo, Oxford, Forethought, Baltimore, Royal Neighbors, Monumental, Shenandoah, Motorists, Columbas, Columbia, LaFayette, and Chessappeke (can't spell it)

These all have good final expense products. Commissions will be 105% or better with any of these.

 

[Finale]

When reviewing companies you may be requesting appointment with, I believe you may want to seriously look at the products as opposed the offering. It has been my experience, although extremely limited, that what might sound good from an agent offering stand point of the insurance company is not always the most liberal product. As an example: Americo offers final expense, but only to clients at least 50-80 years old. Lincoln offers final expense plans, including a Term product, 0-80, non-med. Now don't get me wrong, each company will have some benefit at some level specific point, so it might not be a bad idea to diversify.

 

[Newby]

That's true. Each company has strong and weak points.

Where Lincoln Heritage is strong is liberal underwriting, good riders, and a funeral assistance program.

Where they are weak is higher premiums and lower commissions than most other companies.

Not a terrible company. Just different.

 

[jdeasy]

That's true. Each company has strong and weak points.

Where Lincoln Heritage is strong is liberal underwriting, good riders, and a funeral assistance program.

Where they are weak is higher premiums and lower commissions than most other companies.

Not a terrible company. Just different.

I'm not finding LH's premiums to be out of line. I was told that they were by everyone on this board it seems, so, I went and got some other companies.

I just wrote a 69 year old male smoker with LH a $10,000 WL policy. Cost was $91/mo. Forethought was about $104 as was Chesapeake. RNA was $111/mo. The only comapny that I could find to beat it was Americo at $89/mo. I have the same contract with Americo as LH, but since it an LH lead, I wrote it with LH and the client got the funeral plan as well.

There are instances where those other companies are cheaper premium, but, not by much.

 

[HomeService]

I have a company here in TX I write- a smoker 69 male, it's $69 per month for 10K. They are not licensed in all states. Whole life.