V
Vinny B
Guest
Hi All,
I have two term policies [ING and Banner]. 250k each. I got licensed and the first polic[ies] I did were for myself. First was ING for 250 through Bisys [all online submission]. When ask for bene I put "other" since that was the only choice. When they questioned this, I told them it was my girlfriend...then fiancee. Is she? Not really. I told them we've been together for 10 years and lived together for five and now live separately. If and when...maybe we'll be married. That is true. They issued the policy. One year later, got another for 250k from banner. Said fiancee...issued.
Here's the deal:
I have asked everyone I know in the biz and they say "no problem".
Well, unless someone has been through the same exact scenario [through the death and payout], how do you know? You really don't. I know I'll never know if I'm hit by a truck tomorrow if they payout, but while I'm here, I'd like to know I did as much as I could.
Couple thoughts:
Just b/c the insurance companies issued the policies doesn't mean they'll pay, right?
What about a married couple who split and the husband continues paying for his ex?
To me, that's a similar scenario to me and g/f.
I know, marry her and no problem, right? Well, insurance problem anyway
I have no will. If I created one, would that make a difference?
This is also to help me when I'm out there talking to prospects as well because I often read the phrase "after a lot of...we got the policy issued." That sounds like you got one over on them or sold them on issuing the policy. I don't think you should have to convince the company to insure. Am I wrong? Or are they just now bound to pay b/c it's a contract...period?
Very much appreciated,
Vin
I have two term policies [ING and Banner]. 250k each. I got licensed and the first polic[ies] I did were for myself. First was ING for 250 through Bisys [all online submission]. When ask for bene I put "other" since that was the only choice. When they questioned this, I told them it was my girlfriend...then fiancee. Is she? Not really. I told them we've been together for 10 years and lived together for five and now live separately. If and when...maybe we'll be married. That is true. They issued the policy. One year later, got another for 250k from banner. Said fiancee...issued.
Here's the deal:
I have asked everyone I know in the biz and they say "no problem".
Well, unless someone has been through the same exact scenario [through the death and payout], how do you know? You really don't. I know I'll never know if I'm hit by a truck tomorrow if they payout, but while I'm here, I'd like to know I did as much as I could.
Couple thoughts:
Just b/c the insurance companies issued the policies doesn't mean they'll pay, right?
What about a married couple who split and the husband continues paying for his ex?
To me, that's a similar scenario to me and g/f.
I know, marry her and no problem, right? Well, insurance problem anyway
I have no will. If I created one, would that make a difference?
This is also to help me when I'm out there talking to prospects as well because I often read the phrase "after a lot of...we got the policy issued." That sounds like you got one over on them or sold them on issuing the policy. I don't think you should have to convince the company to insure. Am I wrong? Or are they just now bound to pay b/c it's a contract...period?
Very much appreciated,
Vin