EFinancial.net Pimping Fidelity Hybrid

HealthGuy · 10-24-2009, 02:43 PM

I have had EFinancial soliciting me to sell their "exclusive" Fidelity Hybrid product - a non med up to 1MIL of term. Non med, not really - they have 6 months to take a paramed exam, but the initial accidental coverage is issued on the spot. Questions:

1. Is this Fidelity Hybrid product a good product to sell?

2. What are the advantages (ease) of selling it for both the agent and client?

3. Anybody selling it successfully?

4. Is it truly exclusive to EFinancial.net?

Any information would be greatly appreciated.

WinoBlues · 10-24-2009, 04:51 PM

..."they have 6 months to take a paramed exam,"...

Then what? Non-issue or lapse? Sounds like a charge back magnet.

On the other hand would work for someone looking to cleanup before the piss test.

Heard THC is 30-45 days,

how long for tobbacco to clear the system?

souldeux · 10-24-2009, 08:47 PM

Originally Posted by WinoBlues

..."they have 6 months to take a paramed exam,"...

Then what? Non-issue or lapse? Sounds like a charge back magnet.

On the other hand would work for someone looking to cleanup before the piss test.

Heard THC is 30-45 days,
how long for tobbacco to clear the system?

21-30 days for tobacco, I think.

And I agree - this sounds like a boatload of chargebacks waiting to happen.

WinoBlues · 10-24-2009, 09:30 PM

Thanks, is that 30 days and not enough in system to show?

Sitting working on backed up quotes and sending out apps on a Saturday. Damn, this being your own boss is so liberating.

But, sure beats having a real job...

Originally Posted by souldeux

21-30 days for tobacco, I think.

And I agree - this sounds like a boatload of chargebacks waiting to happen.

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souldeux · 10-26-2009, 03:16 PM

Originally Posted by WinoBlues

Thanks, is that 30 days and not enough in system to show?

Sitting working on backed up quotes and sending out apps on a Saturday. Damn, this being your own boss is so liberating. But, sure beats having a real job...

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For a light smoker, yeah. If you've got a guy sucking down a carton an hour, then it'll take quite a bit longer.

Michael Honeysett · 11-18-2009, 03:50 PM

Hybrid Life is a patent pending product that is truly revolutionary. It provides quick policy issue (like non-med) on a fully underwritten product. And, Fidelity handles the "case management".

So, the agent is paid immediately, within 24-48 hours generally, and then does not need to worry about the back end paperwork.

The initial coverage is a "blend" of all cause and ADB. The customer has six months to obtain the paramed. If they don't do it. No problem. Their initial coverage is still intact.

However, if they go through the paramed process, then the "blend" is adjusted - up to 100% all cause.

This is a great way to sell insurance and will be the model for future life insurance sales. However, if an agent wants to wait for days or months before getting paid, then that is one's perogative.

dgoldenz · 11-18-2009, 03:59 PM

Yeah, that doesn't sound like a pain in the ass or anything. I think this has been talked about here before. I can only imagine the problems this would bring about. If only I had a nickel for every time I heard about something "revolutionary" and then it not being around 6 months later...

souldeux · 11-18-2009, 04:20 PM

Originally Posted by dgoldenz

Yeah, that doesn't sound like a pain in the ass or anything. I think this has been talked about here before. I can only imagine the problems this would bring about. If only I had a nickel for every time I heard about something "revolutionary" and then it not being around 6 months later...

Give me a call when you get a chance and I'll tell you about this zero premium policy I found!

GreenSky · 11-18-2009, 05:33 PM

Originally Posted by souldeux

Give me a call when you get a chance and I'll tell you about this zero premium policy I found!

I thought I was your partner and you don't tell ME about this?

Let me re-read our agreement.

Rick

WinoBlues · 11-18-2009, 07:24 PM

E&O and charge back magnet. IMHO

Originally Posted by Michael Honeysett

Hybrid Life is a patent pending product that is truly revolutionary. It provides quick policy issue (like non-med) on a fully underwritten product. And, Fidelity handles the "case management".

So, the agent is paid immediately, within 24-48 hours generally, and then does not need to worry about the back end paperwork.

The initial coverage is a "blend" of all cause and ADB. The customer has six months to obtain the paramed. If they don't do it. No problem. Their initial coverage is still intact.

However, if they go through the paramed process, then the "blend" is adjusted - up to 100% all cause.

This is a great way to sell insurance and will be the model for future life insurance sales. However, if an agent wants to wait for days or months before getting paid, then that is one's perogative.