What is Bankers Life Doing with FE?

[joshInagent]

Yes, good health. He got it 2-3 month ago.

So you guys are telling me that a $25K WL policy from Bankers is $120/month for a 70yo male, when everyone else is $160 or higher? And it's a graded policy to boot?

My mistake. I assumed he probably purchased the policy when he was much younger.

If he got it in the last few months he is looking at roughly 300 a month for the bankers plan. I still have some of their rate charts. Something is not right. It's not a universal life if it is graded.

You really need to look at his actual policy, because what he has told should tell you one thing for certain. He doesn't understand what he purchased. You should be able to bring a lot of value to him by doing a policy review. That 25K policy can't be 25K Whole Life, a big chunk has to be an AD rider.

 

[nfl72]

75MNT for $125 a month? There is no way in hell. The client, just like 95% of them out there, has no idea what he has. You need to get a hold of his policy and show him what he really has. If he hasn't got a copy, call the company and then make him give them permission to discuss it with you. You know what to ask for and the client does not. Take charge of the situation and you will be his hero.

 

[Biggin]

I'm looking at a rate book for Banker's Life right now and it shows $25k 70 MNT at $3036.50 annual premium for 1st day level coverage whole life. $120.74 per thousand plus $18 policy fee.