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OK, this is about ready to happen.
It is to be available in Indiana, Kentucky, Tennessee and Ohio only. It is guaranteed issue with a 3-year return of premium (if death occurs in the first 3-years.)
This will be a great back-up product to have with you. This is not your main product.
Ages are 50-80 but if you have a younger case they will make you an offer. I already wrote a 36-year old who was completely uninsurable and they gave me a real low rate for him also.
Company is rated B+ with AM Best and has been in business for over 50-years. (I will give the company name and all thier info as soon as they have the final paperwork to me- probably later this week.)
You will have direct access to speak with their Vice President of sales if you contract.
The rates are very low.
Examples: (Smokers and non-smokers are the same rates)
50-year olds $15,000 Male $44.52 Female $41.47
60-year olds $15,000 Male $64 Female $59
70 year olds $15,000 Male $99 Female $91
80-year olds $15,000 Male $165 Female $151
I don't think you will ever find lower rates for guaranteed issue insurance.
Commissions will be 60% street level first year. There will be a small renewal for years 2-10 which I don't have the exact figure yet but will likely be around 4%
If you have 3 or more sub agents or can prove over $50,000 FE production I can offer you a higher contract.
If you know you want to be notified and sent the contract later this week, send an e-mail to me at [email protected] with the subject saying "Guaranteed Issue FE"
In the e-mail please put your name, town and state, how much FE production you do per year and how many years you've been licensed.
thanks!
PS. This may be in the wrong folder since this is will be recruiting venture for me.
It is to be available in Indiana, Kentucky, Tennessee and Ohio only. It is guaranteed issue with a 3-year return of premium (if death occurs in the first 3-years.)
This will be a great back-up product to have with you. This is not your main product.
Ages are 50-80 but if you have a younger case they will make you an offer. I already wrote a 36-year old who was completely uninsurable and they gave me a real low rate for him also.
Company is rated B+ with AM Best and has been in business for over 50-years. (I will give the company name and all thier info as soon as they have the final paperwork to me- probably later this week.)
You will have direct access to speak with their Vice President of sales if you contract.
The rates are very low.
Examples: (Smokers and non-smokers are the same rates)
50-year olds $15,000 Male $44.52 Female $41.47
60-year olds $15,000 Male $64 Female $59
70 year olds $15,000 Male $99 Female $91
80-year olds $15,000 Male $165 Female $151
I don't think you will ever find lower rates for guaranteed issue insurance.
Commissions will be 60% street level first year. There will be a small renewal for years 2-10 which I don't have the exact figure yet but will likely be around 4%
If you have 3 or more sub agents or can prove over $50,000 FE production I can offer you a higher contract.
If you know you want to be notified and sent the contract later this week, send an e-mail to me at [email protected] with the subject saying "Guaranteed Issue FE"
In the e-mail please put your name, town and state, how much FE production you do per year and how many years you've been licensed.
thanks!
PS. This may be in the wrong folder since this is will be recruiting venture for me.
Newby explained most of it. It is a 3 yr period before you get the full DB. I assume you atleast get your premium back if death occurs before the 3 yr period.
