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Well, that's good to hear. I did some price comparisons as well between them and a couple different companies. At most, I saw Monumental just change to a buck or so cheaper. However, I do understand Monumental can get those with health issues in with an immediate benefit and no waiting period before the death benefit actually kicks in. As well as their accelerated payment program where they pay you a portion of that deferred earned money on written policies every month. Not to mention some slightly higher commission levels, right? Damnit, I want my Monumental contract back :( haha
Is there any other company I can write for that will offer an immediate benefit to someone, say with COPD?
But no, I think I am pretty confident I will be able to write business with any company. After all, you are selling yourself and very rarely does the client even care what company they are taking out the policy with (so I have been told). I read that some people say they have lower retention rates with other companies. However, I plan on doing a tremendous job at making an attempt to retain business and service clients. I will start by delivering their policies to them personally and going over anything they need. Basically, giving them a sense that I am really there to help them and am at their beck and call. I plan to mail them each a thank you note or some kind of card at the end of the week or month in which I write them a policy. I also plan to mail them out a card every year. If anyone else has any suggestions, I'd gladly consider those, too.
Nothing special about Monumental. Especially theior commissions. Their rates are nothing special either. They are also quite difficult to work with and are terribly "amendment happy".
I've been a full time fE agent for going on four years now and been wrting FE for seven years or more.
I have only had a Monumental contract for less than a year. If I lost it tomorrow it wouldn't bother me.
Pick up RNA, Americo, AmCon, Foresters and 5 Star and you will never miss Monumental.