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Hey everybody, I'm sure that this has probably been done before, but what are the top 10 final expense insurance companies that you feel every agent should have at his or her disposal?...
Here's mine in no particular order, what's your's?...
1) Foresters - First day coverage for people diagnosed with a heart attack or congestive heart failure, if they have not been treated in the past two years, low smoker and non-smoker rates, 1st day coverage for diabetics on insulin, advances paid upon approval, can sell FE policies over the phone.
2) Royal Neighbors of America - low rates for non-smokers, 1st day coverage for diabetics on insulin, advances paid upon app. approval, no weight restrictions, very good traditional whole life product.
3) Oxford Life - low rates , good SPWL life product.
4) Mutual of Omaha - Name recognition, good children's FE product with unisex rates for ages 0-25, good medicare supplement product.
5) United Home Life - lenient underwriting, all-in-one app with guaranteed issue product, 1st day coverage for diabetics on insulin.
6) Settlers Life - good 10-Pay and 20-Pay FE product, good graded and modified FE rates.
7) Americo - good all-in-one app, good guaranteed issue product, good rates for healthy individuals.
8) Baltimore Life - can sell FE over the phone, graded death benefit (1st year-25%, 2nd year-50%) for people with congestive heart failure, good SPWL product, decent rates.
9) Lincoln Heritage - Commission advances paid upon "Submit" , does not charge back commissions all at once, no phone interview, No MIB or Script Checks, takes credit cards, "No up-front fee leads".
10) American Continental - coverage for ages 45-89, No weight restrictions, No MIB or Script Checks, competitive premiums.
Here's mine in no particular order, what's your's?...
1) Foresters - First day coverage for people diagnosed with a heart attack or congestive heart failure, if they have not been treated in the past two years, low smoker and non-smoker rates, 1st day coverage for diabetics on insulin, advances paid upon approval, can sell FE policies over the phone.
2) Royal Neighbors of America - low rates for non-smokers, 1st day coverage for diabetics on insulin, advances paid upon app. approval, no weight restrictions, very good traditional whole life product.
3) Oxford Life - low rates , good SPWL life product.
4) Mutual of Omaha - Name recognition, good children's FE product with unisex rates for ages 0-25, good medicare supplement product.
5) United Home Life - lenient underwriting, all-in-one app with guaranteed issue product, 1st day coverage for diabetics on insulin.
6) Settlers Life - good 10-Pay and 20-Pay FE product, good graded and modified FE rates.
7) Americo - good all-in-one app, good guaranteed issue product, good rates for healthy individuals.
8) Baltimore Life - can sell FE over the phone, graded death benefit (1st year-25%, 2nd year-50%) for people with congestive heart failure, good SPWL product, decent rates.
9) Lincoln Heritage - Commission advances paid upon "Submit" , does not charge back commissions all at once, no phone interview, No MIB or Script Checks, takes credit cards, "No up-front fee leads".
10) American Continental - coverage for ages 45-89, No weight restrictions, No MIB or Script Checks, competitive premiums.
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