I am contracted with Ohio National (great co) but they don't have what I need right now. Husband and wife, 34 and 35 yrs old, good health, 1 or 1.5 mil coverage each, 30 yrs term policies, best price, good rating co., convertibility not a priority, but if there, okay. They currently have two policies with AIG, 30 yrs term but paying too much.
I checked term4sale and I see who has the good prices but I just don't know much about the companies and how to choose one since they are not consistent in price for both clients.
I am in Los Angeles area. Also, I don't know of a good GA... if you could suggest someone I'd appreciate.
Thank you! I have learned a lot from you guys over time!
Only about $10. spread for both, between the lowest 12 carriers.
You may want to pick the company that fits your market thrust. Has the other products that interest you, that ONL does not. Maybe ROP and or GUL. Just my 2 cents.
Good GA for what kind of insurance? Makes a difference.
They currently have a 30 year term. Sure, it is not the best company, but AIG isn't going anywhere anytime soon. You claim they are paying too much and want to replace the policy. You are looking for a good company with a cheap 30 year term. First, how do you know they are paying too much? Second, if they are past the contestability period and the price difference is insignificant, how is it in their best interest to replace the policy?
If the 30 year policy is two years in and you can replace the policy for even another two years at the same premium, that's a win for the client in my opinion. All else being the same of course.
Thanks for reading and taking the time to give me your "2 cents".
They are 4 years into the policies and what the pay now is about $500 more a year than a good quote from term4sale.
I am looking for a good GA to do 30 yrs term and Disability.
Thanks for reading and taking the time to give me your "2 cents".
They are 4 years into the policies and what the pay now is about $500 more a year than a good quote from term4sale.
I am looking for a good GA to do 30 yrs term and Disability.
That extra $500 is probably more a function of what risk class they were assigned than another carrier being cheaper. West Coast is a good company, but their conversion product is no longer guaranteed for life. SBLI will probably be the cheapest on him. I'd guess Reliastar or SBLI would be cheapest on her too.
Which company will also be based on if you have E&O.
$500.? As dgoldenz states it may be Risk or maybe it was an ROP.
Originally Posted by newtoo
Thanks for reading and taking the time to give me your "2 cents".
They are 4 years into the policies and what the pay now is about $500 more a year than a good quote from term4sale.
I am looking for a good GA to do 30 yrs term and Disability.
ROP would be a much bigger difference than $500. I'd guess they were issued standard or standard-plus for whatever reason.
OP - You have to compare apples to apples when looking at those quotes on term4sale by changing the risk class.
Used the preferred health analyzer to determine if the clients qualify for the quote you ran. You don't have to wonder, the website will tell you if they pass or fail the published requirements.
Used the preferred health analyzer to determine if the clients qualify for the quote you ran. You don't have to wonder, the website will tell you if they pass or fail the published requirements.
Or do that....there's just no use in quoting them Preferred Plus rates if they won't qualify for them. Sounds like they didn't get P+ on their current policies.
what the pay now is about $500 more a year than a good quote from term4sale.
Quotes mean nothing.
Sounds like they didn't get P+ on their current policies.
You need to review their policies for risk class before jumping in with both feet (if you haven't already) getting them excited about paying less only to discover you have wasted their time and yours.
AIG was very strong 4 years ago and still is. Do your homework by actually looking at their policy before you embarrass yourself, promising something that you may not be able to deliver.
Echo the current advise, and keep in mind that underwriting at a lot of companies has gotten a bit tougher. Some companies are looking to buy the business. Sounds like you want to spread sheet this.
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If you want to be rich you must follow one simple rule...do what rich people do.
There is an IMO in Covina near you called AMG who has been treating me right. You might want to check with them.
Originally Posted by newtoo
I am contracted with Ohio National (great co) but they don't have what I need right now. Husband and wife, 34 and 35 yrs old, good health, 1 or 1.5 mil coverage each, 30 yrs term policies, best price, good rating co., convertibility not a priority, but if there, okay. They currently have two policies with AIG, 30 yrs term but paying too much.
I checked term4sale and I see who has the good prices but I just don't know much about the companies and how to choose one since they are not consistent in price for both clients.
I am in Los Angeles area. Also, I don't know of a good GA... if you could suggest someone I'd appreciate.
Thank you! I have learned a lot from you guys over time!
I don't write much life, but I have noticed that. A not-so-subtle way of getting a higher premium without raising rates.
Sorry, you no longer qualify for superman preferred but we can offer you a standard rate for 40% more.
100% more on term going from P+ to standard most of the time....seems like we've had more cases than ever coming back with modified offers for things that showed up on the exam or in doctor's notes but the person was unaware of. That's always a fun conversation. "Hey, did you know your blood pressure is 160/110? That's not good."
100% more on term going from P+ to standard most of the time....seems like we've had more cases than ever coming back with modified offers for things that showed up on the exam or in doctor's notes but the person was unaware of. That's always a fun conversation. "Hey, did you know your blood pressure is 160/110? That's not good."
I had a great one a few months ago. The underwriter called me, worried, and said that she had been trying to get in touch with my client to no avail. She went on to say "I can't disclose private medical information to you without her written consent, but...uh...well, if you can get hold of her, tell her to go to the doctor now." Turns out her liver was about to pack its bags and leave town, and she had no idea.
30 Yrs Term Companies
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