United Life

[billyb]

I recently contracted with United Life just to have a low price in competition. They only pay 80%, but they have 2 products that caught my eye-a GDB that offers ROP year 1, 50% of face year 2 and 100% of face year 3 and a 5YLT with a minimum $25,000 face that will beat AARP. In fact their 10YLT and 20YLT is cheaper in most situations than AARP. Not competitive at higher face amounts, but you can compete with those term buyers that say that is all they can afford. Beats walking away empty handed.

 

[myinsurebiz]

United Life?

 

[rousemark]

I recently contracted with United Life just to have a low price in competition. They only pay 80%, but they have 2 products that caught my eye-a GDB that offers ROP year 1, 50% of face year 2 and 100% of face year 3 and a 5YLT with a minimum $25,000 face that will beat AARP. In fact their 10YLT and 20YLT is cheaper in most situations than AARP. Not competitive at higher face amounts, but you can compete with those term buyers that say that is all they can afford. Beats walking away empty handed.

Have a friend that uses them and he loves doing business with them... But I thought he said they had moved the commissions back up to 90 or 95%.??

 

[indiana260]

I recently contracted with United Life just to have a low price in competition. They only pay 80%, but they have 2 products that caught my eye-a GDB that offers ROP year 1, 50% of face year 2 and 100% of face year 3 and a 5YLT with a minimum $25,000 face that will beat AARP. In fact their 10YLT and 20YLT is cheaper in most situations than AARP. Not competitive at higher face amounts, but you can compete with those term buyers that say that is all they can afford. Beats walking away empty handed.

I have them but use very little due to terrible chargeback rules. They cb if policy lapsed inin fir 12 months

 

[billyb]

I am sure there are agents who get more than 80%. I will probably not write enough with them to get bumped up.

 

[Rirwin]

I have them but use very little due to terrible chargeback rules. They cb if policy lapsed inin fir 12 months

Regardless of how low the rates are, it is hard to build a business around that cb rule.

 

[indiana260]

I am sure there are agents who get more than 80%. I will probably not write enough with them to get bumped up.

ActalluA 80% is really good on the graded plan. I can't remember the exact top comp but it isn't that much higher. They had weird levels like 68% 56% and 76%

 

[rousemark]

ActalluA 80% is really good on the graded plan. I can't remember the exact top comp but it isn't that much higher. They had weird levels like 68% 56% and 76%

I think he was talking about his comp on the WL. They had dropped it to 75% but then raised it back. I looked at them but they have a GA you have to go through and he requires assignment of commissions...

 

[HoosierLife]

I think Grange and KSKJ have the same stipulations.

I don't think they enforce it unless it becomes a problem.

 

[goillini52]

I think Grange and KSKJ have the same stipulations.

I don't think they enforce it unless it becomes a problem.

KSKJ has it in their contract for the 1st 12 months you're contracted with them. I don't know if they enforce it or not. Like you say, it's there for people that don't write good business.