Graded Benefit Final Expense

senior-advisor-indiana · 06-30-2007, 08:23 PM

Who has the best rates for a graded benefit on Final Expense? Not gaurantee issue.

Also, Who do you guys use for your regular Final expense. I am thinking of using Monumental? Any bad things about them? THey also have a nice fast start recognition program.

I have a client that is insulin dependent diabetic. Is there a company that would be best for diabetics?

GreenSky · 06-30-2007, 09:45 PM

Oxford will accept insulin if they started using after age 50. I have yet to find anyone with lower rates. American Amicable is also a good choice - they also have a graded policy.

I work with a G.A. in Northern California. Good guy and knows the market. He represents a bunch of carriers.

Rick

redzalez · 06-30-2007, 11:50 PM

Columbian Life has some pretty good rates and from my experience they beat American Amicables; but you can almost pretty much cover almost anybody with AA. I wrote a lady that had full blown aids on american amicables graded policy. As far as final expense rates go though no one right now beats Oxfords but they are little more tight on the underwriting.

senior-advisor-indiana · 07-01-2007, 02:26 PM

I have never heard of AA. Whos is your GA greensky?

GreenSky · 07-01-2007, 07:53 PM

Quote:

Originally Posted by senior-advisor-indiana

I have never heard of AA. Whos is your GA greensky?

My GA for Oxford and AA is ADR Marketing, Alan Rooke. You can reach him at (530) 477-1111. He has a toll free number but I never use it. His email is ADRMRKTNG@aol.com. You can however go to Oxford directly but I get the same commission and Alan is a good guy.

Rick

*midwestbroker* · 07-02-2007, 03:32 PM

Monumental is ok for non-graded plans.

I know that Assurant is cheaper when it comes to graded policies.

InsuranceJosh · 07-02-2007, 05:02 PM

In NC no graded life can ask ANY health questions. So the only one I know of that I can offer is Presidential Life... I wish I had more options

allhealthandlife · 07-03-2007, 10:36 AM

I'am glad i found this site because of information like this. Oxford has the lowest final expense rates i have seen in Florida. I'am going to get appointed with them.Could you tell me what's the top GA contract they offer?

senior-advisor-indiana · 07-03-2007, 11:14 AM

50% is street level. Send me an email.

allhealthandlife · 07-03-2007, 11:53 AM

i'am new here, where would i email you my email is allhealthandlife@comcast.net thanks

GreenSky · 07-03-2007, 11:57 AM

Quote:

Originally Posted by senior-advisor-indiana

50% is street level. Send me an email.

He's joking with you. Street level is somewhere around 105%. You can contact Oxford directly or use a GA. See my prior posts for the guy I use.

However, they won't write anyone on disability, so for your people with bad backs that qualify for Medicare under age 65, you'll have to look elsewhere. Also, they only have one plan - either you qualify or you don't. Have a second choice when you see a prospect.

Rick

senior-advisor-indiana · 07-04-2007, 02:29 AM

Wow, maybe I should ofer 50%

I could sit at home all day.

Cenla Agent · 07-10-2007, 05:30 PM

Transamerica is a major player for final expense. That seems to be the main company PPMG recommends.

I think Presidential has good rates for graded benefit, but there are some others out there too.

GreenSky · 07-10-2007, 07:02 PM

Quote:

Originally Posted by Cenla Agent

Transamerica is a major player for final expense. That seems to be the main company PPMG recommends.

When I was looking into carriers for Final Expense I considered Transamerica. They pay a very high commission, I think 130% was offered to me without any prior production or promises. However, this was reflected in their rates which were not even close to reasonable. Maybe things have changed.

I'm happy knowing that the few policies I write are with a low-cost carrier. I'd be embarrassed if someone said they could get the same thing from another agent at 30% less premium (Transamerica vs. Oxford).

Keep in mind, I'm not active in the Final Expense market and things may have changed.

Rick

senior-advisor-indiana · 07-10-2007, 09:53 PM

Quote:

Originally Posted by GreenSky

When I was looking into carriers for Final Expense I considered Transamerica. They pay a very high commission, I think 130% was offered to me without any prior production or promises. However, this was reflected in their rates which were not even close to reasonable. Maybe things have changed.

I'm happy knowing that the few policies I write are with a low-cost carrier. I'd be embarrassed if someone said they could get the same thing from another agent at 30% less premium (Transamerica vs. Oxford).

Keep in mind, I'm not active in the Final Expense market and things may have changed.

Rick

So I guess this is your answer to your question about offering the life plan with the lowest premiums.

Cenla Agent · 07-12-2007, 08:41 PM

This the website for Oxford? http://www.oxfordlife.com/

DanBran · 07-03-2008, 12:30 PM

Quote:

Originally Posted by Cenla Agent

This the website for Oxford? Oxford Life ® Let Our Knowledge Be Your Security®.

Thanks for the link