Single Premium Life

[goillini52]

You will go as broke as the average FE prospect waiting fro someone in the FE market to buy a single premium policy. They think single premium is only paying one month.

That's got to be one of the funniest posts I've ever read!!!

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And good luck getting a decision at the end of the call. I stopped doing the "enhanced" call because you can't do it on speakers and they weren't giving an answer anyway.

I just picked them up and haven't written my 1st app with them yet. You're saying that they don't make a decision at the end of the enhanced POS? Lot's of companies don't want the speaker on...I can usually hear the interviewer well enough w/o the speakers to give hand signals to the client. I know that we're not supposed to coach the client, but sometimes they can't hear well or just don't understand what the interviewer's saying....especially with those southern accents! I notice that they have some heavy drawls at Settlers.

 

[jdeasy]

That's got to be one of the funniest posts I've ever read!!!

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I just picked them up and haven't written my 1st app with them yet. You're saying that they don't make a decision at the end of the enhanced POS? Lot's of companies don't want the speaker on...I can usually hear the interviewer well enough w/o the speakers to give hand signals to the client. I know that we're not supposed to coach the client, but sometimes they can't hear well or just don't understand what the interviewer's saying....especially with those southern accents! I notice that they have some heavy drawls at Settlers.

I did a handful of the enhanced POS. The are supposed to give an answer at the end. Once the call got dropped and we had to start over again and they couldn't give an answer because of the dropped call. Another time they applicant too many Rx for the interviewer to give an answer. Another one they couldn't give an answer for some unknown reason.

Too much trouble to not get an answer. Settlers is supposedly a "niche" company. I just haven't been able to find that niche. I did replace a couple Settlers yesterday.

 

[goillini52]

I did a handful of the enhanced POS. The are supposed to give an answer at the end. Once the call got dropped and we had to start over again and they couldn't give an answer because of the dropped call. Another time they applicant too many Rx for the interviewer to give an answer. Another one they couldn't give an answer for some unknown reason.

Too much trouble to not get an answer. Settlers is supposedly a "niche" company. I just haven't been able to find that niche. I did replace a couple Settlers yesterday.

Do you suppose they haven't got the bugs out of the enhanced POS...how long have they had it? Who'd you replace Settlers with? Were they Newby's policies?

 

[jdeasy]

Do you suppose they haven't got the bugs out of the enhanced POS...how long have they had it? Who'd you replace settlers with? Were they Newby's policies?

One Settlers I replaced with RNA. This was a 7 year old policy and I still got them a better deal. The other I replaced with Americo. it was just written in August. The lady is a smoker and Americo was $15/mo. less than Settlers for the same face amount.

There is a real interesting story about this agent that sold the Settlers, it wasn't Newby, but I'm not at liberty to go into that just yet.

Let's just say he is the most crooked agent I've ever run across and that includes some real Bankers losers.

 

[indiana260]

$23,884.00 buys that 61 year old $40,000 if he smokes...so not bad. Looking at the app, they appear to be ok on depression.

I pulled settlers up online. They say 25-35k it's the Max face. Is it different for single premium?

 

[goillini52]

I pulled settlers up online. They say 25-35k it's the Max face. Is it different for single premium?

I just looked and that's correct. Sorry about that, I was just trying to do the math for you and forgot all about the limits.I guess you'd have split it between 2 companies.

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One Settlers I replaced with RNA. This was a 7 year old policy and I still got them a better deal. The other I replaced with Americo. it was just written in August. The lady is a smoker and Americo was $15/mo. less than Settlers for the same face amount.

There is a real interesting story about this agent that sold the Settlers, it wasn't Newby, but I'm not at liberty to go into that just yet.

Let's just say he is the most crooked agent I've ever run across and that includes some real Bankers losers.

Seems like there's a crooked agent or two in every area. It's amazing that they keep getting away with it. I've had people complain about crooked agents. When I ask them if they turned them in to the DOI and they say no...I tell them they've got nothing to complain about, because they're letting him get away with it and keep on cheating other people too.

It's starting to look like Settlers is going to be for the Bronze(and they don't want those to be more than 20% of your biz) for those that don't have checking accounts(Kemper's cheaper than Bronze for male 50 and up and female 63 and up for $10k)and for those under 45.

 

[indiana260]

I just looked and that's correct. Sorry about that, I was just trying to do the math for you and forgot all about the limits.I guess you'd have split it between 2 companies.

No problem. I appreciate the info.