Over 150.000 insurance professionals and consumers come to the Insurance Forum every month. Click here to register for FREE


Go Back   Insurance Forums > Insurance Agents and Brokers Forum > Life Insurance Forum

Reply to Simplified Vs Fully Underwritten Rates     
Old 08-27-2017, 07:25 AM   #21
Guru
 
Join Date: Jul 2008
Posts:16,353
State: jdeasy is an Insurance Agent from Kentucky
jdeasy is a member of 5000 posts Super VIP club
Simplified Vs Fully Underwritten Rates Re: Simplified Vs Fully Underwritten Rates
Originally Posted by TwiLight View Post
SI TERM
1. American Amicable
2. Foresters
3. Mutual of Omaha
4. Baltimore Life (MP only)
5. UHL
6. AMERICO

NON-MED TERM
1. ANICO / American National
2. Transamerica
3. SBLI
4. Sagicor
5. LSW

You have to have good NonMed along side SI term for pricing.

In the MP biz, the average age of people for DM leads are 58-60, so we also sell a lot of SIWL.

The average age on the MP leads is 58-60? That's a huge change from my MP days. I would like that better.
------------------------------------
  Reply With Quote to Simplified Vs Fully Underwritten Rates
Old 08-27-2017, 07:39 AM   #22
Guru
TwiLight on Simplified Vs Fully Underwritten Rates
 
Join Date: Jun 2011
Posts:2,748
State: TwiLight is an Insurance Agent from Michigan
TwiLight is a member of 1000 posts VIP club
Simplified Vs Fully Underwritten Rates Re: Simplified Vs Fully Underwritten Rates
Yea. You are selling to the same people. They just got older.

People 30-50 only make up about 20% of the leads. I believe that age group doesn't even read any mail let alone reply/send back a DM reply.
------------------------------------
  Reply With Quote to Simplified Vs Fully Underwritten Rates
Old 08-27-2017, 07:52 AM   #23
Guru
 
Join Date: Jun 2015
Posts:1,393
State: Baseball7 is an Insurance Agent from Undisclosed Location
Baseball7 is a member of 1000 posts VIP club
Simplified Vs Fully Underwritten Rates Re: Simplified Vs Fully Underwritten Rates
So generelly MP is a healthier, more afluent 40-65, the oppsite of what you'd see with FE at those ages?

Are things like ROP, Disability and WOP Riders all that popular?
------------------------------------
  Reply With Quote to Simplified Vs Fully Underwritten Rates
Old 08-27-2017, 12:08 PM   #24
Guru
WinoBlues on Simplified Vs Fully Underwritten Rates
 
Join Date: Jan 2009
Posts:17,302
State: WinoBlues is an Insurance Agent from Undisclosed Location
WinoBlues is a member of 5000 posts Super VIP club
Simplified Vs Fully Underwritten Rates Re: Simplified Vs Fully Underwritten Rates
Originally Posted by Agentguy5 View Post
Whenever an agent calls me to see if we do Mortgage Protection, I always think "hmm, the Skipper"

What is your top 5 simplified issued term carriers?
That.

I have only spoken to him a couple times. His knowledge and use of targets filters is pure experience. I would not be surprised if he could tell you the most common eye color of leads in a certain zip code.

----------

Originally Posted by jdeasy View Post
The average age on the MP leads is 58-60? That's a huge change from my MP days. I would like that better.
All those Term orphans that are terming out are a gold mine.

------------------------------------
America's Sons and Daughters http://iraqwarheroes.org/

https://www.youtube.com/watch?v=Wt8y18YFH70

WinoBlues @ Gmail.com
  Reply With Quote to Simplified Vs Fully Underwritten Rates
Old 08-27-2017, 12:12 PM   #25
Guru
 
Join Date: Jun 2015
Posts:1,393
State: Baseball7 is an Insurance Agent from Undisclosed Location
Baseball7 is a member of 1000 posts VIP club
Simplified Vs Fully Underwritten Rates Re: Simplified Vs Fully Underwritten Rates
Kinda like all these crashing UL's have yielded some high premium FE cases.
------------------------------------
  Reply With Quote to Simplified Vs Fully Underwritten Rates
Old 08-27-2017, 12:51 PM   #26
Guru
Agentguy5 on Simplified Vs Fully Underwritten Rates
 
Join Date: Aug 2012
Posts:2,889
State: Agentguy5 is an Insurance Agent from Florida
Agentguy5 is a member of 1000 posts VIP club
Simplified Vs Fully Underwritten Rates Re: Simplified Vs Fully Underwritten Rates
Originally Posted by Baseball7 View Post
So generelly MP is a healthier, more afluent 40-65, the oppsite of what you'd see with FE at those ages?

Are things like ROP, Disability and WOP Riders all that popular?
Mariana and I both have Term ROP policies!
------------------------------------
  Reply With Quote to Simplified Vs Fully Underwritten Rates
Old 08-27-2017, 12:57 PM   #27
Guru
WinoBlues on Simplified Vs Fully Underwritten Rates
 
Join Date: Jan 2009
Posts:17,302
State: WinoBlues is an Insurance Agent from Undisclosed Location
WinoBlues is a member of 5000 posts Super VIP club
Simplified Vs Fully Underwritten Rates Re: Simplified Vs Fully Underwritten Rates
Originally Posted by Baseball7 View Post
Kinda like all these crashing UL's have yielded some high premium FE cases.
Yup, they do not fit the FE Market demographic but they do the SIWL / SI term Market.

----------

Originally Posted by Agentguy5 View Post
Mariana and I both have Term ROP policies!
Doug, what are your thoughts on the RdPdUp options some plans offer and SI term plans?
------------------------------------
  Reply With Quote to Simplified Vs Fully Underwritten Rates
Old 08-27-2017, 01:22 PM   #28
Super Genius
bluezebra48 on Simplified Vs Fully Underwritten Rates
 
Join Date: Apr 2015
Posts:54
State: bluezebra48 is an Insurance Agent from
Simplified Vs Fully Underwritten Rates Re: Simplified Vs Fully Underwritten Rates
Originally Posted by TwiLight View Post
I have. It is a bit tedious though. More of a f2f eapp guy. AmAm TMS has a very short paper app too.

The foresters has igo app that is easy.
I am 100% over the phone. Love the Foresters, good product. Sagicor is still my number 1, especially with the new lower rates.
------------------------------------
  Reply With Quote to Simplified Vs Fully Underwritten Rates
Old 08-27-2017, 01:47 PM   #29
Guru
Agentguy5 on Simplified Vs Fully Underwritten Rates
 
Join Date: Aug 2012
Posts:2,889
State: Agentguy5 is an Insurance Agent from Florida
Agentguy5 is a member of 1000 posts VIP club
Simplified Vs Fully Underwritten Rates Re: Simplified Vs Fully Underwritten Rates
Originally Posted by WinoBlues View Post
Yup, they do not fit the FE Market demographic but they do the SIWL / SI term Market.

----------
Doug, what are your thoughts on the RdPdUp options some plans offer and SI term plans?
My ROP term has a reduced paid up option so it will be nice to have that, if I chose to use it instead of taking the premium back.
------------------------------------
  Reply With Quote to Simplified Vs Fully Underwritten Rates
Old 08-27-2017, 01:51 PM   #30
Guru
 
Join Date: Jun 2015
Posts:1,393
State: Baseball7 is an Insurance Agent from Undisclosed Location
Baseball7 is a member of 1000 posts VIP club
Simplified Vs Fully Underwritten Rates Re: Simplified Vs Fully Underwritten Rates
Does Foresters Your Yerm pay noticably less then the other SI term products?
------------------------------------
  Reply With Quote to Simplified Vs Fully Underwritten Rates
Reply to Simplified Vs Fully Underwritten Rates 

  Insurance Agent Forum > Insurance Forums > Insurance Agents and Brokers Forum > Life Insurance Forum




Similar Threads with Simplified Vs Fully Underwritten Rates
Thread Thread Starter Forum Replies Last Post
Transitioning from SI WL to Fully Underwritten Term antireed Life Insurance Forum 8 06-10-2015 10:22 AM
For The Healthy Senior, Who Has Good Fully Underwritten Products? jtow Final Expense Forum 46 05-27-2013 11:36 AM
Dual FE and Fully Underwritten Carrier 0b1kanobee Final Expense Forum 16 02-02-2013 09:05 PM
Should You Sell Indexed UL? lachjs789 Life Insurance Forum 29 06-13-2012 12:44 PM
BCBS Reduces Rates for Small Group and Individual Plans SusieQ2 Health Insurance and Ancillary Benefits 1 01-09-2012 10:31 PM



All times are GMT -5. The time now is 01:48 PM.

Forum enabled with vBulletin®
Copyright ©2000 - 2017, vBulletin Solutions, Inc.


Join the Forum - It's FREE

Share This Page



Weekly Poll

Where do we go from here? POLL
Nothing - No ACA fixes - status quo
29.82 %
HHS Rulings and band aid bills
17.54 %
Hail Mary repeal and/or replace bill
17.54 %
A bipartisan bill to fix ACA
35.09 %

Voters: 57. This poll is closed