True Stage

[jdeasy]

I love how any company that beats the price of kskj is not a true fe product . I guess accendo's not a fe product as they refer to underwriting a lot .I've written royal's almost Gi a few times . I'll test out their level product . Jd I personally have seen the guarantee fund in action 2 times and both times the policy holder was made whole on the transfer . When we talk fe whole life policys were talking small $5-$25k policys . Every single beneficiary will receive there FULL death benefit GUARANTEED period . No life insurance death proceed in the us has never not been paid by company backed by the state guarantee fund . Although highly unlikely you can't make the same GUARANTEE a fraternal policy holder will receive their full death benefit if there's an assessment by the company on all policys .

I've never said that any company that beats KSKJ FE is not an FE product.

I've said products that are not FE are not not FE products. Accendo is an FE product.

RA does not have an FE product. Illinois Mutual does not have an FE product.

KSKJ also has a non FE product. If you're going to compare non FE products to KSKJ then compare them to KSKJ's traditional whole life.

You do not understand how the state guaranty works. And you are misrepresenting it.

No state backs any insurance company.

Insurance companies are the fund. And they will fight tooth and nail to not contribute. Look at Colorado Bankers Life now.

Yes, those folks will eventually get their money. How many more years is the question.

And yes, the death benefit is fully guaranteed on a whole life policy from a fraternal and it's in writing.

 

[noah]

I would use them if they were here but they are not. It's not an FE product though. I would also use SoN if they were here. They are not in my state either.

And you know what, I don't whine about companies that aren't in my state. No other agents in my state have those companies either so it's a non issue.

They are on the final expense rate calculator I use.

So what type of product is it ?

 

[goillini52]

RA does not have an FE product..

I don't have RA, but it appears that they have both non FE and FE (SIWL). They have a Graded plan.
ROP 4.5%*25%*100%. I have no idea what their UW's like.

 

[jdeasy]

They are on the final expense rate calculator I use.

So what type of product is it ?

They have FU and FE. That quote was their FU.

 

[jdeasy]

I don't have RA, but it appears that they have both non FE and FE (SIWL). They have a Graded plan.
ROP 4.5%*25%*100%. I have no idea what their UW's like.

You're correct. But that quote was their FU.

Still, if they were in Ky I would use them. I write a lot of FU.

 

[jdeasy]

Yesterday I ran a card. He was a M,77,NT, preferred. Dude had a freshly issued ( in the free look period) Moo Living Promise $4k $47.58 .

This was a policy sold by one of those desk jockeys.

That's all he could afford.

Looking at the rates he's got a good deal.

Just curious. How much is KSKJ for him ?

Could you have replaced it ?

If he's healthy I would have sold him KSKJ $5K for $37/mo. Or $7K for $50/mo.

 

[DonP]

I've never said that any company that beats KSKJ FE is not an FE product.

I've said products that are not FE are not not FE products. Accendo is an FE product.

RA does not have an FE product. Illinois Mutual does not have an FE product.

KSKJ also has a non FE product. If you're going to compare non FE products to KSKJ then compare them to KSKJ's traditional whole life.

You do not understand how the state guaranty works. And you are misrepresenting it.

No state backs any insurance company.

Insurance companies are the fund. And they will fight tooth and nail to not contribute. Look at Colorado Bankers Life now.

Yes, those folks will eventually get their money. How many more years is the question.

And yes, the death benefit is fully guaranteed on a whole life policy from a fraternal and it's in writing.

Yes the death benefit is guaranteed but there can be an assessment that comes out of the death benefit and it has happened . Actually royal acrum got in trouble 8-10 yrs ago as I recall . I don't know if they put any assessments on the death benefit payouts . Your correct there's no money in the state guaranty fund . But it's an unwritten guarantee that no company will be allowed to renege on a death benefit . CO's will band together to make sure there paid as it will destroy the integrity of the whole industry . Just like a money market mutual fund has no fdic protection. But nobody will ever lose principle in one period . Even if the govt has to print $ to back it .

 

[noah]

If he's healthy I would have sold him KSKJ $5K for $37/mo. Or $7K for $50/mo.

Oh wow,that SIWL ?

No wonder you write 5k a week .

 

[goillini52]

You're correct. But that quote was their FU.

Still, if they were in Ky I would use them. I write a lot of FU.

Yes, FU $47.84., FE $68.90.

The FE product isn't competitive. I have 12 companies that beat that. Probably why I never picked them up.

 

[DonP]

Yes, FU $47.84., FE $68.90.

The FE product isn't competitive. I have 12 companies that beat that. Probably why I never picked them up.

Under fex quotes that good rate says " simplified issue whole life" .