GI: Everybody Makes A Big Issue About GI

[noah]

It pays as earned,lots of charge backs.
LH will take most apps written GI as modified,pay 40% advance. They'll take someone in a wheel chair,on oxygen,dialysis......
Why not have LH in your tool bag for this fit ?
I am in no way an advocate for LH,nor am I contracted with them. I am indy with street level like most on this forum.
Please help me understand.

 

[Rearden]

Settlers is good for almost-GI

 

[WinoBlues]

It pays as earned,lots of charge backs.
LH will take most apps written GI as modified,pay 40% advance. They'll take someone in a wheel chair,on oxygen,dialysis......
Why not have LH in your tool bag for this fit ?
I am in no way an advocate for LH,nor am I contracted with them. I am indy with street level like most on this forum.
Please help me understand.

The whole "true GI" v "fake GI" is a non issue to me. It is all life insurance. Just finding the right tool for the job.

I write GI and have pretty good luck with it. I have had one maybe two deaths inside the two years.

 

[GMDM100k]

It pays as earned,lots of charge backs.
LH will take most apps written GI as modified,pay 40% advance. They'll take someone in a wheel chair,on oxygen,dialysis......
Why not have LH in your tool bag for this fit ?
I am in no way an advocate for LH,nor am I contracted with them. I am indy with street level like most on this forum.
Please help me understand.

I'm confused???

Writing modified plans does not cut your advance with LH. They cut commissions %20 for modified plans but the advance would still be the same % as a standard.

The only thing that effects the advance is the payment method.

 

[noah]

Excuse me,you are absoltely correct. I meant to say 75% advance of 40% contact modified on LH. that's more than you make going as earned on GI with other carriers like Gerber.
I'm running into lots of stuff that's GI,modified,and getting declines too.

 

[TDFnCali]

Excuse me,you are absoltely correct. I meant to say 75% advance of 40% contact modified on LH. that's more than you make going as earned on GI with other carriers like Gerber.
I'm running into lots of stuff that's GI,modified,and getting declines too.

I prefer having SNL & GPM in my bag, between the 2, they will cover (and be cost competitive) 75-80% of GI or near GI cases I run into. The ones they wont or arent competitive, Id use Vantis or refer them to MoO. SNL & GPM pay closer to 80-100% for those cases.

 

[jdeasy]

It pays as earned,lots of charge backs.
LH will take most apps written GI as modified,pay 40% advance. They'll take someone in a wheel chair,on oxygen,dialysis......
Why not have LH in your tool bag for this fit ?
I am in no way an advocate for LH,nor am I contracted with them. I am indy with street level like most on this forum.
Please help me understand.

Who makes a big issue out of GI?

It's such a small part of the FE market it's not worth getting worked up about.

 

[deadhead]

Who makes a big issue out of GI?

It's such a small part of the FE market it's not worth getting worked up about.

Must just be my neck of the woods but I between 1 and 3 a week

 

[noah]

Your right about that.......My upline wanted me to add Gerber,I'm not getting with them. I thought it might be a good idea to get LH since they pay modified,and advance on insureds that go GI with the carriers most indy agents use.

 

[jdeasy]

Must just be my neck of the woods but I between 1 and 3 a week

I run into to 1-3 a week that other agents have offered GI to because they didn't have anything else to offer or they didn't know any better.

I can't imagine running into that many people truly needing GI. I've 10-12 appointments per week for over 5 years now in the FE market and run into maybe 2 a month that truly has to have GI. It's a simple matter of giving them the phone number to MoO.