selfgen
Super Genius
I’m sure the insurance companies have the numbers on this.
I mostly do health insurance but over the years I’ve written several final expense policies , sometimes with the face value of $5,000 , $7,000 , $8000 etc.
Most often these premiums are drafted out of a bank account, and so, at some point they become inconspicuous, to where surviving family members may not be aware of them.
Although I’ve written several of these, I am rarely contacted to help with the claims process; Usually the policy in question was written maybe 15-20 years ago and I’m not always still in contact with the client.
so, I’m wondering what percentage of these final expense policies actually pay out.
does anyone know, industry-wide , what the numbers are?
I mostly do health insurance but over the years I’ve written several final expense policies , sometimes with the face value of $5,000 , $7,000 , $8000 etc.
Most often these premiums are drafted out of a bank account, and so, at some point they become inconspicuous, to where surviving family members may not be aware of them.
Although I’ve written several of these, I am rarely contacted to help with the claims process; Usually the policy in question was written maybe 15-20 years ago and I’m not always still in contact with the client.
so, I’m wondering what percentage of these final expense policies actually pay out.
does anyone know, industry-wide , what the numbers are?
