American General Elite Whole Life

bill3173 · 05-12-2009, 08:28 AM

Does anyone out there write this product?

I've had numerous calls for Whole Life policies lately, just an aberration I'm sure, but my commission on this product is 60%.

The price on this product is excellent, so I'd really like to know if anyone gets better than 6o%.

bluemarlin08 · 05-12-2009, 09:19 AM

At this point in time I wouldn't offer ANY AIG products, especially products with CV.

SportsNut · 05-12-2009, 09:30 AM

Originally Posted by bluemarlin08

At this point in time I wouldn't offer ANY AIG products, especially products with CV.

I would offer all other possibilities first, and with FULL DISCLOSURE about AmGen'l's situation and potential issues, then I would offer it when they are clearly the best u/w option. If the client acknowledges the situation, understands the peril and opts for AG, then as their agent you have done your job, IMO.

They are clearly not a choice if there are other equal and viable options. However, I do believe that anyone who is issued a policy today with AG will soon be writing their prems to ABC or XYZ Life; (in other words, another highly rated ins co will buy the operation).

But BlueM, I guess neither of us really addressed Bill's original question. Unfortunately I am too busy handling minusha as well as questions and comments on the Ins Forum to dig out the Comm Schedule to check it out for him... (or maybe I couldn't readily find it, would be more accurate).

dgoldenz · 05-12-2009, 09:41 AM

X2 on the above postings.....not sure I'm able to answer your original question though. Can you give some example premiums?

bill3173 · 05-12-2009, 09:55 AM

Maybe I need to re-state the question:

If anyone out there has a contract better than 60/1 on the American Elite Whole Life Product, offered by American General, let me know. I will gladly contract with you.

Thank you.

bluemarlin08 · 05-12-2009, 12:01 PM

You can get 70 and 1.5, let me know and I will send the contact info.

bobson · 05-12-2009, 12:04 PM

Originally Posted by bill3173

Maybe I need to re-state the question:

If anyone out there has a contract better than 60/1 on the American Elite Whole Life Product, offered by American General, let me know. I will gladly contract with you.

Thank you.

OMG. Isn't that part of AIG. Haven't you heard about them lately? Don't you know what is happening with them? Haven't you heard all the bad news? Have you turned on a TV? Didn't you hear Obama talking about them? Pelosi made a whole speech. OMG!

bill3173 · 05-12-2009, 06:25 PM

Originally Posted by bobson

OMG. Isn't that part of AIG. Haven't you heard about them lately? Don't you know what is happening with them? Haven't you heard all the bad news? Have you turned on a TV? Didn't you hear Obama talking about them? Pelosi made a whole speech. OMG!

Relax and take a deep breath and quit skipping your meds.

When you talk about American General sit up straight. All the other life carriers are a distant second to them and to Hank Greenberg.