The I Love Door Knocking "December to Remember" Christmas Extravaganza Thread (powered by bacon)

[goillini52]

Yeah, when I am comparing comp I look at the first year of course but also really look at the 5 year and 10 year total pay out. Five year weighing the most.

I am looking at a couple of my companies to decide who will be my main ones this coming year. Five and ten-year comp is towards the top of the comparison chart.

That's because your business stays on the books.

 

[rousemark]

Yeah, I am getting emails to sign the new contract.

Think I will pass. I get about that with Sagicor Term plus renewals. Add the 15% bonus it is much higher. On SITerm UHL is at least that. I need to re-look at MoO TLE as it has come up lately on some comparisons. All can be done telesales.

I 'plan' on tightening up my primary companies this next year. The plan changes with all the companies is making this a good time to re-examine some of these contracts.

UHL doesn't pay any renewal on term.. I was told that Columbian would..

 

[WinoBlues]

Did you get the notice on the UHL GI?. Going to cut it from 3 year ROP to 2...Might have to look at it since Columbian is dropping theirs.. Been a long time since I looked at the UHL contract.. Do they place a restriction on what percentage of your business can be GI?

I wrote my first two this year and I do not believe so. Comp will be about twice Columbian plus renewals.

 

[WinoBlues]

UHL doesn't pay any renewal on term..

Sagicor.

 

[rousemark]

That's because your business stays on the books.

I wonder what the average life of a life plan, both FE and others is. Washington National said in a webinar that the average life of their cancer polices was 14 years. ,I know I have larger percentage cancer plans written than life plans that have been on the books 20+ years.. That is the reason that life time renewals of 15%+ is so attractive. Those plans actually pay long enough to make it lucrative. Just wish I had written more of them.. ..

 

[goillini52]

I wonder what the average life of a life plan, both FE and others is. Washington National said in a webinar that the average life of their cancer polices was 14 years. ,I know I have larger percentage cancer plans written than life plans that have been on the books 20+ years.. That is the reason that life time renewals of 15%+ is so attractive. Those plans actually pay long enough to make it lucrative. Just wish I had written more of them.. ..

With all the replacements of the "typical FE clientele", I wouldn't think they have a very long life.

 

[WinoBlues]

UHL doesn't pay any renewal on term.. I was told that Columbian would..

I Ewrote a 48 yr old prd NonT 250,000 20 yr term with $250,000 ADBR this morning. (from a how ya doing call). Premium was $71mo.

What would Columbian be? They do not come up on FEXQuotes

 

[WinoBlues]

I wonder what the average life of a life plan, both FE and others is. Washington National said in a webinar that the average life of their cancer polices was 14 years. ,I know I have larger percentage cancer plans written than life plans that have been on the books 20+ years.. That is the reason that life time renewals of 15%+ is so attractive. Those plans actually pay long enough to make it lucrative. Just wish I had written more of them.. ..

One of my 'plans' this next year is to pick your brain on Cancer and CI plans. Just seems like an easy add on to offer my book.

 

[WinoBlues]

With all the replacements of the "typical FE clientele", I wouldn't think they have a very long life.

That is why I only have contracts in a dozen or so states. All of these replacement killers out there. Sure not teleselling Kentucky!

 

[goillini52]

That is why I only have contracts in a dozen or so states. All of these replacement killers out there. Sure not teleselling Kentucky!

Yeah, because you know that JD would just replace your biz.