Life Companies that do "bill direct"

[GP32765]

Do you guys know of any companies that allow the client to send in the payments for life insurance not automatic draft?
I have had some clients that just want this.

 

[somarco]

Most will do a quarterly, semi-annual or annual bill.

All my life clients are on annual payments. Can't think of a one that will bill monthly any more.

 

[Sam]

Monthly bill is a recipe for lapsed policies.

 

[WBunch]

The only company I have in the stable is United American, Brokerage Unit. Premiums are higher but hey some people don't have bank accounts...I might add, that i have written 3 policies in the 3yrs i'm appointed with them.

 

[Dave020]

Monthly bill is a recipe for lapsed policies.

I seem to remember a LIMRA study that showed that quarterly premium had the most lapses - this was probably 10 years ago.Annual is the way to go, costs less than the other options.

 

[MarkAU67]

I have one that does.

 

[jdeasy]

Since this thread is almost 4 years old, the OP has probably found the answer.

There are a few that will monthly bill. LH, AmAm, UHL, 5 Star, Monumental and Settlers all come to mind right away.

I'm sure there are more.

 

[WinoBlues]

I have one that does.

Welcome to the forum.

Suggestion: Next time name the company. Other wise it appears that you are recruiting.

 

[Mark]

Monthly bill is a recipe for lapsed policies.

When I use to be with Americo in 2004, over 70% of all direct bill would lapse. It was not long after they stop allowing it

Most of the companies that still allow it, won't advance you on that kind business.

 

[Newby]

Since this thread is almost 4 years old, the OP has probably found the answer.

There are a few that will monthly bill. LH, AmAm, UHL, 5 Star, Monumental and Settlers all come to mind right away.

I'm sure there are more.

I don't think Monumental does monthly bill.