Fun Question! How big was your largest individual policy sale?

fjman · 07-24-2008, 02:59 PM

I'm about to drop a WL app for $30K+ and wondering "what's everyone's largest individual life sale?"

I know 30K isn't much for some of the producers out there but I also realize its a big case for most.

So whats your biggest single case? What did you write and why? Let the egos fly!

healthagent · 07-24-2008, 03:05 PM

$11,000+ premium - former football player - went to his small mansion for a face to face. Wanted no more than a $500 deductible - I talked him into $1,000 but he wouldn't budget past that.

senior-advisor-indiana · 07-24-2008, 11:58 PM

Quote:

Originally Posted by healthagent

$11,000+ premium - former football player - went to his small mansion for a face to face. Wanted no more than a $500 deductible - I talked him into $1,000 but he wouldn't budget past that.

I have never seen a life insurance policy with a deductible? Is that unique to your state?

My biggest life sale was a $30k SPWL. Lady had POD CD's and we tranfered that money onto the SPWL. Gave her grandkids about double the money.

Also, my largest annuity was 184K. I sold it because I needed to pay off a gambling debt. She was 85, we put in every penny she had into a 30year contract.

theinuranceguy · 07-25-2008, 01:37 AM

Quote:

Originally Posted by senior-advisor-indiana

I have never seen a life insurance policy with a deductible? Is that unique to your state?

My biggest life sale was a $30k SPWL. Lady had POD CD's and we tranfered that money onto the SPWL. Gave her grandkids about double the money.

Also, my largest annuity was 184K. I sold it because I needed to pay off a gambling debt. She was 85, we put in every penny she had into a 30year contract.

My Grandma is still pissed off at you!

bill3173 · 07-25-2008, 09:24 AM

Quote:

Originally Posted by fjman

I'm about to drop a WL app for $30K+ and wondering "what's everyone's largest individual life sale?"

I know 30K isn't much for some of the producers out there but I also realize its a big case for most.

So whats your biggest single case? What did you write and why? Let the egos fly!

Take it from me, $30K is a large premium to anyone selling life, even people from Ct. My largest thus far was a $36K on a 15 year term. 18 months later he converted the policy to a UL and the commissionable premium was $55K. The premium was fully commissionable at 85%. From what I understand though, this is a bi-weekly occurence for Ct. Life agents.

bluemarlin08 · 07-25-2008, 10:22 AM

$575,000 annual premium for 2 fifteen million second to die policies.

CHUMPS FROM OXFORD · 07-25-2008, 10:55 AM

Well...I was going to post my all-time huigh (Second-to-die with Phoenix Life). But after seeing bluemarlin's premium...I'm too embarrased to talk about it.

Hell of a job blue.

bill3173 · 07-25-2008, 11:00 AM

Quote:

Originally Posted by CHUMPS FROM OXFORD

Well...I was going to post my all-time huigh (Second-to-die with Phoenix Life). But after seeing bluemarlin's premium...I'm too embarrased to talk about it.

Hell of a job blue.

Please post it. I'm just starting to get back into writing life insurance with some regularity, and its good to know something about what's going on.

bobson · 07-25-2008, 11:02 AM

I once sold a guy in his 70's a homeowners policy. He couldn't see very well so I had to blow up the policy onto 17"x22" paper. That still is the largest policy I've ever sold.

*rimshot*

arnguy · 07-25-2008, 11:03 AM

Huh? I too never heard of a life insurance policy with a deductible. I wonder what it was that John P. sold that football player.

fjman · 07-25-2008, 01:21 PM

$575,000 is pretty freaking huge!
Bobson, thats pretty good but not a life policy.......

TXINSURANCE · 07-25-2008, 03:32 PM

The biggest policy I ever sold was to myself.

Just don't tell my wife :-)

bluemarlin08 · 07-25-2008, 03:44 PM

Due to special circumstances, we rewrote this case 8 years later, divorce, for another 500,000 in annual premium and currently have same folks in UW for another 5 million (150,000) annual premium.
There are much larger cases than this being written daily, know an agent that wrote a case last year with an annual premium of 2 million.

senior-advisor-indiana · 07-25-2008, 09:24 PM

Blue,
What was the commission on 500k AP? $350,000?

DAX · 07-25-2008, 11:08 PM

Earlier this year place $702,000 annual prem (single life). The guy was rated 150%

DAX · 07-25-2008, 11:10 PM

Quote:

Originally Posted by bluemarlin08

Due to special circumstances, we rewrote this case 8 years later, divorce, for another 500,000 in annual premium and currently have same folks in UW for another 5 million (150,000) annual premium.
There are much larger cases than this being written daily, know an agent that wrote a case last year with an annual premium of 2 million.

Bluemarlin, with what company did you place the case?

Invain15 · 07-26-2008, 09:01 PM

Those AP numbers on one policy are just sick

fjman · 07-27-2008, 08:52 PM

you guys writing these cases WL, UL, VUL???? Premium financing?