What's the Deal with Colonial Penn

[Toranaga]

Their graded policy seems really well priced to me. I am having a hard time competing with it. Is there a catch?

Here's what I have in my bag - RNA, Monumental, and Americo. Can't get 5-Star. I have a pending contract with Kemper. Don't really know much about them yet.

 

[jdeasy]

Their graded policy seems really well priced to me. I am having a hard time competing with it. Is there a catch?

Here's what I have in my bag - RNA, Monumental, and Americo. Can't get 5-Star. I have a pending contract with Kemper. Don't really know much about them yet.

I didn't know they had a graded product. All I've seen is the 2 year ROP.

RNA doesn't have an ROP product. They have the graded which would be far better than an ROP plan. Americo's graded is decenht but not great. Their ROP is far too expensive to even consider.

Kemper is 2 yr ROP and not priced well. Mon is 2 yr ROP and not priced well.

For GI cases you will not compete with Vantis and MoO with any of those products.

 

[Newby]

Their graded policy seems really well priced to me. I am having a hard time competing with it. Is there a catch?

Here's what I have in my bag - RNA, Monumental, and Americo. Can't get 5-Star. I have a pending contract with Kemper. Don't really know much about them yet.

Why can't you get 5-Star?

We haven't run out of inventory yet. Plenty to go around.

 

[Mattschmidt]

Why can't you get 5-Star?

We haven't run out of inventory yet. Plenty to go around.

I think he was referring to EFES not offering 5 Star Life at this time...And obviously he doesn't want to sell an EFES lead with a company the he's not appointed with under them....

 

[Toranaga]

I think he was referring to EFES not offering 5 Star Life at this time...And obviously he doesn't want to sell an EFES lead with a company the he's not appointed with under them....

Bingo. I never asked but I would guess that would be frowned upon.

 

[mikeincolumbuso]

Newby, what do you mean by running out of inventory. Are you talking about having an over saturation of agents that you cannot get enough leads for them or what?

 

[Newby]

I think he was referring to EFES not offering 5 Star Life at this time...And obviously he doesn't want to sell an EFES lead with a company the he's not appointed with under them....

Oh. I didn't catch that he was with EFES.

Nope. He's correct to be loyal to those that are training you and treating you right.
- - - - - - - - - - - - - - - - - -

Newby, what do you mean by running out of inventory. Are you talking about having an over saturation of agents that you cannot get enough leads for them or what?

No. I was making a joke. Like there are only so many applications and then it's all used up.

Hey! That's a great idea! When I sold motorcycles if they brought out a limited edition, they always sold like hot cakes and brought over retail price.

One of the insurance companies should bring out a limited edition policy. Only 1,000 available. Sure to be a collectors item!

...hmmmm. Maybe not.

 

[SportsNut]

One of the insurance companies should bring out a limited edition policy. Only 1,000 available. Sure to be a collectors item!

...hmmmm. Maybe not.

I remember seeing these for newer companies years back called "Founders Policies" I really don't know or remember how they differed at that time... the idea was that they were essentially seed money to the company, in theory... as if you were an initial investor and therein getting some special rate of return. Right....

 

[pcbinsurance]

Why not tell us the Company name? Don't be shy.

 

[deadhead]

Why not tell us the Company name? Don't be shy.

Shhhh. Don't spook the turtle