What Are The Top 10 Easiest & Fastest Final Expense Insurance Products To Write?...

[FETalk]

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 .

If you don't mind sharing, could you provide the names of those carriers?

 

[inreverse]

GTL for starters

 

[theinsuranceman]

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 .

Good for you. All the other features that Sr Life has, that other carriers seem not to have, more than make it worthwhile for me. And the charge back on GI during year #1 is just like an "immediate coverage" plan after 4 months on the books. None of that "full charge back" on month 12 nor 50% charge back on months 13-24 on GI plans. But glad you're happy as that helps withstand the brutality of the FE market.

 

[tribetime32]

1. Prosperity Life - quick and simple and gives the agent what MIB and RX codes pop up
2. American Amicable
3. Royal Neighbors
4. Liberty Bankers
5. Aetna/CVS
6. GTL
7.Americo - easy to use but horrible product
8. MoO - instant decision, but a little tedious
9. UHL - EApp but still need phone interview
10. Trans - well its trans

 

[DonP]

If you don't mind sharing, could you provide the names of those carriers?

GTL . All you need are AmAM , Rna ( fatties and great heart / insulin combination)Family Benefit ( great price and underwriting combo ), Prosperity ( for de) , accendo ( copd ) Trans ( copd de) and Gtl(95% of most GI) and Gw for rest .

 

[FETalk]

1. Prosperity Life - quick and simple and gives the agent what MIB and RX codes pop up
2. American Amicable
3. Royal Neighbors
4. Liberty Bankers
5. Aetna/CVS
6. GTL
7.Americo - easy to use but horrible product
8. MoO - instant decision, but a little tedious
9. UHL - EApp but still need phone interview
10. Trans - well its trans

What do you think about TA's new shorter FE application that they came out with last week?

 

[DonP]

Still won’t use outside copd de . They cut renewals 60% and they won’t take multiple pain meds level .Many fe clients on them . Do you really want to take a chance with a paper app and it gets declined and gave to go back out ?

 

[noah]

LBL 18-80 Blind crippled or crazy 120%
Am Am 120%
RNA 120%
Trans COPD T DE 115%

GI?......Pick it.......not going to make huge difference. What are most guys picking up ? $300-$700 a month ? 70%

GW....Simple E App can be done offline. Easy signature.I work rural 40% no signal.

Am Am and RNA you need a random phone interview 2- days after submission of a paper app.

RNA has a 7k minimum face amount.

None of the carriers require E&O

 

[JBVette]

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").



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Source: difficult process By yasar kemal turan | Politics Cartoon | TOONPOOL

Could not agree with you more !

 

[Dumbledood]

RNA
LBL
Prosperity
GI - Sons

Second the Liberty Bankers Life, I always wrote them when I could with my last IMO, and when it was also in the clients best interest of course. Worse one is probably Trans in my opinion...