The couple I have used were for people that height challenged in relation to weight.. No problems..
What Are The Top 10 Easiest & Fastest Final Expense Insurance Products To Write?...
- Thread starter FETalk
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FETalk
Super Genius
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Is it just me, or has anybody else been running into a lot of MIB cases lately?
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FETalk
Super Genius
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I think PHI's are good, only if you can get an instant approval/decline decision at the end of the call, otherwise, I agree, they're a complete waste of time.
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FETalk
Super Genius
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One of the reasons why I posed the question originally, is because it seems like a lot of insurance companies make their FE application process unnecessarily long and/or difficult for no good reason whatsoever.
In my opinion, there's no reason why, in this day and age, any FE insurance company should:
1) Not have an electronic and/or telephonic app.
2) Have an application that takes longer than 5-10 minutes to complete.
3) Have an underwriting process that takes longer 24 hours for a decision (for "a clean app").
Source: difficult process By yasar kemal turan | Politics Cartoon | TOONPOOL
In my opinion, there's no reason why, in this day and age, any FE insurance company should:
1) Not have an electronic and/or telephonic app.
2) Have an application that takes longer than 5-10 minutes to complete.
3) Have an underwriting process that takes longer 24 hours for a decision (for "a clean app").
Source: difficult process By yasar kemal turan | Politics Cartoon | TOONPOOL
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PhxSunsFan
Guru
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an the winner is,,,,,,,,, Sr. Life,,
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I'll admit to being 100% in the dark on Sr Life. Don't see them on FEX Toolkit to even see how they compare.
Fill me in.
Higher than average rates for the plan most write..
- 4,872
But when the policy is bundled with the $4 monthly membership into Legacy the insured will get:
_Casket, vault, and monument locked in for $2950 for the life of the insured. This same merchandise can run over $7000 at the funeral home when Ms. Jones has a policy with a different carrier. That's a savings of approx. $4k right there.
_Discounts on hearing aids, diabetic socks, and diabetic shoes.
_Free hearing exam once per year
_24 hour telemedicine 7 days/week
_Legacy will negotiate the price of the funeral/cremation on behalf of the family for additional savings
_Up to 4 family members can be added, completely free, to this $4 monthly membership. This means these 4 family members can get the exact same savings as the insured completely free. So if another carrier was $50 a month cheaper this other carrier can only save Ms. Jones the $50 per month in her premium. Legacy saves approx. $4000 on funeral expenses immediately on the 1st day the policy is issued, no health nor age restrictions, on Ms. Jones as well up to 4 other family members each saving approx. $4000 on their funerals too. This, of course, is a much, much better savings for Ms. Jones than $50 per month the other carrier would provide.
They are not perfect, but they are good enough for me to have been writing business with this group since 1999. I could put a lot more bullet points of things they have that help their agents that other carriers don't have. Love the fact that leads can be financed and that charge backs come on the back end not the front end (advances). Simple one page app, no MIB's, no APS's, no phone interviews while at the prospects house, only an RX script check.
As far as higher than average rates it depends on the health condition being addressed. For ex they don't care if the proposed insured was taking insulin before the age of 40.
They've been growing rapidly the last few years so they must be doing something right; both for the agent and the carrier. Their TV commercials generate the best FE leads in America. And yes, I'm a big fan of Sr Life. Seems like most other carriers that are mentioned on this forum are mentioned as being horrible to do business with: no notices of missed drafts provided to the agent, being on hold for 45 min or longer on the phone in the prospect's house, no lead program for their agents, etc.
If anyone has any questions about their opportunity please feel free to call me at 252-292-3350
Greg that's why an individual agent finds the 4 or 5 carriers . For instance I can write someone that had cancer non active 1 week ago , heart attack 1 day ago , oxygen as long as not 24/7 .It has 50% 12 month and a day benefit for 1/2 your GI price and make 40% more commission with no mib or rx check . 30-40% of SL's policy's go GI I can get level and make 40% more commission .I agree many people need an organization and group to thrive .But real self starters don't .
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