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Reply to Picked Up LifeShield National     
Old 07-28-2017, 12:59 PM   #21
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Picked Up LifeShield National Re: Picked Up LifeShield National
No marketing materal to leave a client?
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Old 07-28-2017, 01:01 PM   #22
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Todd King on Picked Up LifeShield National
 
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Picked Up LifeShield National Re: Picked Up LifeShield National
Originally Posted by HoosierLife View Post
I've only had them for a couple months, but they have been issuing within 24-48 hours.
We haven't experienced any problems with them issuing either.
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Old 07-28-2017, 01:18 PM   #23
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Newby on Picked Up LifeShield National
 
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Picked Up LifeShield National Re: Picked Up LifeShield National
Fraternals definitely sell certificates not policies. That has advantages and disadvantages.
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Old 07-28-2017, 02:18 PM   #24
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Picked Up LifeShield National Re: Picked Up LifeShield National
Originally Posted by Newby View Post
Fraternals definitely sell certificates not policies. That has advantages and disadvantages.
Either way, it's merely a "promise to pay"!
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Old 07-28-2017, 02:35 PM   #25
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Newby on Picked Up LifeShield National
 
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Picked Up LifeShield National Re: Picked Up LifeShield National
Originally Posted by PA Bill View Post
Either way, it's merely a "promise to pay"!
Yep. That's what insurance is.
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Old 07-28-2017, 03:12 PM   #26
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Picked Up LifeShield National Re: Picked Up LifeShield National
Companies regularly use those terms in may way. I had an old MP client this call because she had lost her policy and needed a new one. We called F&G and asked for a duplicate. They wanted $25 for a duplicate but said they would send a certificate of insurance for free. That was satisfactory to the lady.

Is F&G fraternal now?

Besides the one I mentioned earlier I'm looking at my own policy from RNA and it says, "this certificate (policy) is a legal contract...."

I'm looking a Foresters contract too. I don't see policy on there yet.
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Old 07-28-2017, 03:33 PM   #27
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VolAgent on Picked Up LifeShield National
 
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Picked Up LifeShield National Re: Picked Up LifeShield National
Originally Posted by jdeasy View Post
Companies regularly use those terms in may way. I had an old MP client this call because she had lost her policy and needed a new one. We called F&G and asked for a duplicate. They wanted $25 for a duplicate but said they would send a certificate of insurance for free. That was satisfactory to the lady.

Is F&G fraternal now?

Besides the one I mentioned earlier I'm looking at my own policy from RNA and it says, "this certificate (policy) is a legal contract...."

I'm looking a Foresters contract too. I don't see policy on there yet.
Yep, a COI is just proof of insurance without being the actual policy. Happens all the time.

Why KSKJ has policy versus certificate on the contract is beyond me, but it is still a certificate because they are a fraternal.

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You can pay the premium or you can own the loss.
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Old 07-28-2017, 03:40 PM   #28
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Picked Up LifeShield National Re: Picked Up LifeShield National
Does Lifeshield now have marketing material for the client? Years ago they had none. Maybe they have more agents now and changed things.
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Old 07-28-2017, 04:04 PM   #29
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senior-advisor-indiana on Picked Up LifeShield National
 
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Picked Up LifeShield National
Originally Posted by BibH View Post
Does Lifeshield now have marketing material for the client? Years ago they had none. Maybe they have more agents now and changed things.
It is amazing that a company doesn't have a brochure. The cheapest Plan F in Indiana is with Prosperity (S. USA) and they do not have a brochure either. I tossed them....

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Old 07-28-2017, 04:12 PM   #30
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WinoBlues on Picked Up LifeShield National
 
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Picked Up LifeShield National Re: Picked Up LifeShield National
Originally Posted by Newby View Post
Fraternals definitely sell certificates not policies. That has advantages and disadvantages.
Who is JD's Upline?
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