Which Companies Are Thr Easiest to Beat?

Nov 30, 2015

  1. FinalExpenseDojo.com
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    FinalExpenseDojo.com Guru

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    I've heard a lot of talk about Lincoln Heritage and Bankers Life being easily beatable. What other companies like these are easy to beat ?!

    Just looking for the typical companies that are usually higher priced for term life and perm life products.

    Thanks!
     
    Last edited: Dec 2, 2015
  2. WinoBlues
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    WinoBlues Guru

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    The company (& agent) the client does not hear from.
     
  3. FinalExpenseDojo.com
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    FinalExpenseDojo.com Guru

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    very very useful information here...
     
  4. walthamny
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    walthamny Guru

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    Any company is beatable with a better fact find and custom solution for the client. Find out what the customer wants, what they value and present it in a manner that makes sense for them. If price was the only factor, we would be all drinking walmart cola instead of CocaCola or Pepsi.
     
  5. WinoBlues
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    WinoBlues Guru

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    As open-ended as the question.

    Beatable how? Price? Value? Included benefits? Non-Forfeiture? More death benefit per premium dollar? More Cash Value per premium dollar? Guaranteed cash values or mostly guaranteed cash values? Guaranteed death benefits or DBs that can be changed? Company ratings or service?

    The two companies you mentioned are FE companies. I can beat many FE policies on a Std health 60 male with a traditional Life policy by price, death benefit and or value. If that same male had a heart attack two years ago probably not.

    How is knowing what companies someone can beat going to help?

    Oh, then you add the value the agent brings to the table.

    ----------

    If you give us more detail on what you want to accomplish maybe we can answer for you.
     
  6. DHK
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    DHK "YOU CAN'T HANDLE THE TRUTH!"

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    If every company was beatable by another company... wouldn't that eventually create a monopoly by the "unbeatable" company?

    The truth is that it all depends on the client's circumstances, health, and financial objectives. There is no "one company fits all", and no "policy fits all", especially with impaired health.

    So, if that's the case between companies... then the defining area becomes the ways that agents serve their clients (or lack thereof). It's easy to beat out other agents in the area of service. All you have to do is... get this... DO IT! Most agents don't. They sell for today and don't do anything to serve their policyholders to help with their future needs.

    https://www.youtube.com/watch?v=3hgRrPb2gFU
     
    DHK, Nov 30, 2015
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  7. TwiLight
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    TwiLight Guru

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    There is always a bigger fish in the lake.

    For you city folks.... that means, every company is beatable eventually at any level.
     
  8. FinalExpenseDojo.com
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    FinalExpenseDojo.com Guru

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    Just looking for the typical companies that are usually higher priced for term life and perm life products. LH seems to be always over priced and they still sell, they were just the first in the door.
     
  9. DHK
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    DHK "YOU CAN'T HANDLE THE TRUTH!"

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    Primerica is another company that's generally very easy to replace. They have higher priced term than most companies and it is often not properly represented &/or understood by the client as to what they really bought. What they thought they bought and the reality... are often quite different.
     
    DHK, Dec 2, 2015
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  10. Newby
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    Old American, American Memorial, State Farm, Senior Life, offer some of the whole-life you are seeking. Plus the GI plans that are marketed to healthy people who buy it without understanding it. You'll find these from Met Life, MOO and AARP.

    Any company marketing "mortgage" term will be higher priced term.
     
    Newby, Dec 2, 2015
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