Insurance Agent Forum

[senior-advisor-indiana]

Originally Posted by Newby

I understand. But even Senior agrees it passes the smell test...and we all know he has smelled some bad smells.

Some of those smells are blocked from my memory now.

[theinuranceguy]

Is this company out of Cini OH?

[HoosierDaddy]

I will also vouch for Newby, that guy knows is stuff. I am constantly surprised on how much time he spends putting quality information on this board for all of us...

As far as I know Presidential is the only other competitive GI product out there now... 3 year wait for under age 65. Only 5% yearly compound interest along with the premium if death is in "Return Period." They just had a rate change, and you are lucky if you have a 50% contract...

[Newby]

Here is the info (Ramaiz is correct) the company is Cincinnati Equitable Life of Cincinnati, Ohio. CELIC Login

I will be sending the contracting forms and rate cards out for the interested agents in Ohio, Indiana and Kentucky today. Tennessee is still a couple of weeks away but I can send you rate cards to review.

This is a very small family-owned company and has been very easy to work with. I have sold a lot of their FE over the last few months and have business associates that have worked with them for a couple of years.

If you are interested and are within these states, send me an e-mail to scott@newburyfinancial.com. You can also go to my website at The Burke Agency - Home to learn more about me and contact phone numbers for me.

(before I get the comments- I know I need to pay someone to build a proper web site for me. It's on my list but for now it's there just to give people a little background and history on me, my wife and our company. It's not a lead tool.)

The VP of sales for Cincinnati Equitable is Tonya Crawford and she is always willing to speak with interested or contracted agents also if there are questions beyond what I can give you.

[STIBROKER@AUSTIN.RR.COM]

Originally Posted by Newby

Here is the info (Ramaiz is correct) the company is Cincinnati Equitable Life of Cincinnati, Ohio. CELIC Login

They don't seem to be licensed in Texas.......

[Newby]

Originally Posted by STIBROKER@AUSTIN.RR.COM

they don't seem to be licensed in Texas.......

No...not unless Texas is in Ohio, Indiana, Kentucky or Tennessee.

[senior-advisor-indiana]

They don't seem to be licensed in Florida. Hmmmm.

[STIBROKER@AUSTIN.RR.COM]

Originally Posted by senior-advisor-indiana

They don't seem to be licensed in Florida. Hmmmm.

and Florida would seem to be the FE capital of the world.....

[senior-advisor-indiana]

Originally Posted by STIBROKER@AUSTIN.RR.COM

and Florida would seem to be the FE capital of the world.....

I would think that KY would be.

[STIBROKER@AUSTIN.RR.COM]

Originally Posted by senior-advisor-indiana

I would think that KY would be.

old people move to Florida to die.....

Florida Sucks! It's Full of Old People and the Weather Sucks! - Kobra's Corner

[insureitnow]

Originally Posted by STIBROKER@AUSTIN.RR.COM

old people move to Florida to die.....

Florida Sucks! It's Full of Old People and the Weather Sucks! - Kobra's Corner

OK,OK you guys are right, it sucks down here.......
Now, all you non-resident guys stay the hell out my state.
I'll take care of all the insurance down here!!

[SportsNut]

Originally Posted by STIBROKER@AUSTIN.RR.COM

old people move to Florida to die.....

Florida Sucks! It's Full of Old People and the Weather Sucks! - Kobra's Corner

The foks with the discretionary funds to move to FL aren't the typical FE candidate anyway. It is lower income folks w/o an accumulation of much more than yesterday's spit, that want and need to buy FE...

[senior-advisor-indiana]

I heard that due to breeding habits in kentucky that they need FE coverage at younger ages.

[Newby]

Originally Posted by SportsNut

The foks with the discretionary funds to move to FL aren't the typical FE candidate anyway. It is lower income folks w/o an accumulation of much more than yesterday's spit, that want and need to buy FE...

You might be very surprised. While I agree that most poor people do buy final expense, a whole lot of middle-class and wealthy people buy it also.

If you include funeral preplanning in with FE, then a WHOLE lot of wealthy people buy it. In fact I'd say MOST of them do. They just don't respond to the $255 gov benefit mailers.

A lot of them fall for the AARP marketing machine and then it's a simple task of showing them there are MUCH better deals out there.

[Newby]

To get the post back on track:

Agents selling final expense in Ohio, Indiana, Kentucky and Tennessee only have a brand new option which gives you a guaranteed issue product for ages 50-80. They will also quote younger ages on a case by case basis.

The advantage of this product is it's WAY less expensive from any other guaranteed issue product I've seen. It pays lower commissions (60% street with 6.8% renewals)

There is no rate up for smokers. It has 3-year return of premium (8% interest) and first day accidental death coverage.

The company is Cincinnati Equitable Life and they are rated B+ by AM Best.

You MUST have an agent number before you write business. You can get one by e-mailing me at scott@newburyfinancial.com and requesting the contracting info for Cincinnati Equitable Life.

I have made LOTS of sales with this product that would not otherwise have been made, no only to the very unhealthy but also to slightly unhealthy and smokers who would pay twice as much premium with other companies and won't buy because of high payments. This product allows you to give a very very low premium to EVERYONE regardless of health and regardless of tobbacco use.

I highly recommend you have this in your briefcase if you run FE leads in Indiana, Kentucky, Ohio, and Tennessee. There is no other product like it that I have found from any other company.

[senior-advisor-indiana]

Can we use them in Michigan?