Simplified Vs Fully Underwritten Rates

Discussion in 'Life Insurance Forum' started by tomr15, Jul 28, 2017.

  1. Mattschmidt
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    Mattschmidt Guru

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    anyone who says RNA has Simplified issued pricing comparable to fully underwritten is an idiot and a liar.

    Probably the same type of person who advertises on their website they offer AAA, AllSTATE and Primerica. Avoid liars and false marketers like this
     

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  2. TwiLight
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    TwiLight Guru

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    These are two of the best priced MP products for SI Term:

    • American Amicable - Term Made Simple
    • Foresters - Your Term
     

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  3. Baseball7
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    Ok, rate the following

    Balt life Home Secure
    Foresters Your Term
    Americo HMS
    Omaha Term Express
     
  4. TwiLight
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    Best Rates in order
    1. AmAm Term Made Simple. Great rates 50-75
    2. Foresters Your Term non-med. Good rates ages 30-50. Better comp 15yr

    3. Omaha TLE. 25-30% higher base rates. Higher street Comp. Good underwriting
    4. Baltimore Home Secure. Comparable rates to Omaha. Higher street comp. Must have mortgage though. Only plan for functionally disabled.

    5. Americo HMS. Great comp for the IMO... Average comp for the agent.
     
    Last edited: Aug 27, 2017
  5. rousemark
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    How does UHL and Family Life SI Term compare premium wise?
     
  6. Baseball7
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    UHL seems to price highest but will take things like Insulin diabetics and others won't touch that.
     
  7. bluezebra48
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    Do you write that AmAm over the phone? Was not a big fan of the application process.
     
  8. TwiLight
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    I have. It is a bit tedious though. More of a f2f eapp guy. AmAm TMS has a very short paper app too.

    The foresters has igo app that is easy.
     
    Last edited: Aug 27, 2017
  9. Agentguy5
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    Whenever an agent calls me to see if we do Mortgage Protection, I always think "hmm, the Skipper"

    What is your top 5 simplified issued term carriers?
     
  10. TwiLight
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    TwiLight Guru

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    SI TERM
    1. American Amicable
    2. Foresters
    3. Mutual of Omaha
    4. Baltimore Life (MP only)
    5. UHL
    6. AMERICO

    NON-MED TERM
    1. ANICO / American National
    2. Transamerica
    3. SBLI
    4. Sagicor
    5. LSW

    You have to have good NonMed along side SI term for pricing.

    In the MP biz, the average age of people for DM leads are 58-60, so we also sell a lot of SIWL.
     
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