What companies to contract with?

[insurgal81]

Hi everyone. I am a Med Supp agent looking to cross sell Final Expense again. I used to do a lot of final expense 3+ years ago and I wrote mostly all Foresters Plan Right but now I am 100% remote....in the past Plan Right was in person only.

Who are the best companies to contract with? What are the commission levels? I want to make sure my FMO is giving me competitive rates if I choose to re-contract with them. I am independent so I can go anywhere.
Thank you!

 

[DonP]

Hi everyone. I am a Med Supp agent looking to cross sell Final Expense again. I used to do a lot of final expense 3+ years ago and I wrote mostly all Foresters Plan Right but now I am 100% remote....in the past Plan Right was in person only.

Who are the best companies to contract with? What are the commission levels? I want to make sure my FMO is giving me competitive rates if I choose to re-contract with them. I am independent so I can go anywhere.
Thank you!

For phone . Am Am , sbli , rna( no ht/wt aggressive underwriting) lbl , prosperity for direct express , Great western for Gi . That’s all you need. 120% on most of the above street and anyone will give you . If your tight with your fmo and do a little business or Medicare with him you can get 125-130% .

 

[myinsurebiz]

AmAm, SBLI and RNA + GW for GI = all you need. Maybe Baltimore Life.

All In One = Senior Life. Rates are high tho.

 

[Newby]

Hi everyone. I am a Med Supp agent looking to cross sell Final Expense again. I used to do a lot of final expense 3+ years ago and I wrote mostly all Foresters Plan Right but now I am 100% remote....in the past Plan Right was in person only.

Who are the best companies to contract with? What are the commission levels? I want to make sure my FMO is giving me competitive rates if I choose to re-contract with them. I am independent so I can go anywhere.
Thank you!

Most Final Expense carriers pay new agents 120%.

 

[brogers]

Is it true that most Guaranteed Issue policies take years to pay the benefit?

 

[goillini52]

Is it true that most Guaranteed Issue policies take years to pay the benefit?

Most GI covers accidental death immediately and if death not accidental, will return premium paid plus 10% interest during 1st 2 years, and full amount after 2 years. A couple of companies are 3 year return of premium.

 

[Newby]

Is it true that most Guaranteed Issue policies take years to pay the benefit?

Are you asking if they take years to pay after a death? Or if it’s not full benefit policy until after the 24th month? Big difference. The 2nd is true.

 

[insurgal81]

Thank you everyone! What are some good FMO/IMO's that give the 120%? I work with a small IMO now and I am starting to shop commission rates.

 

[Newby]

https://fexcontracting.com/final-expense-commission-levels/

Any IMO that makes it hard to find your commission level is not one to consider. Some companies don't want their levels posted online are generally right in line with the others. They just want to protect the pyramid style recruiters that start agents at lower levels.

 

[Todd King]

https://www.trkingim.com/

We don't show the levels, but we certainly don't hide them either. All of the companies you need are at 120% though, except for a GI FE company like Great Western or AIG.