Thoughts on Writing Policies.....

[pfs.bjohnson]

when they have no checking or savings account currently. I've heard from some who don't write them at all because they say they usually wind up lapsing and hurting your persistency rate. I've also heard from some who do write them on occasion and they wind up sticking. If you do write them/why? and if you don't write them/ why? Thanks for any feedback.

 

[ergammill]

Only write them if they pay annually. I sometimes will write Q or semi, but never ever monthly pay w/o a auto-debit

 

[Yoda]

when they have no checking or savings account currently. I've heard from some who don't write them at all because they say they usually wind up lapsing and hurting your persistency rate. I've also heard from some who do write them on occasion and they wind up sticking. If you do write them/why? and if you don't write them/ why? Thanks for any feedback.

If you did your job and made sure they were sold on the need for the product then they are going to send in those money orders religiously.