Mortgage Protection is DEAD

tex · 09-20-2008, 01:10 PM

[COLOR=Blue]?

Mortgage life - is it still a viable product in terms of
Making the bread and butter sales or is it gone...

[COLOR=black] I'm not asking if you would sell it - I'm asking if the
Specific ROP, unemployment, disability term life
Product is a no-sale these days do to the economy
Or any other reason.[/COLOR]

I know people / brokers don't like the product, but at
Least for a while - it was a real door opener to any
Type of product sales.

Thanks[/COLOR]

Daytona_Guy · 09-20-2008, 03:42 PM

Yes, it's all dead in the mortgage industry. Stick a fork in it.
No doubt, hesitation, capitulation, or question about it. - DEAD. You need to look at something like finalexpenseagents dot biz (not com)

Originally Posted by tex

[COLOR=Blue]?

Mortgage life - is it still a viable product in terms of
Making the bread and butter sales or is it gone...

[COLOR=black] I'm not asking if you would sell it - I'm asking if the
Specific ROP, unemployment, disability term life
Product is a no-sale these days do to the economy
Or any other reason.[/COLOR]

I know people / brokers don't like the product, but at
Least for a while - it was a real door opener to any
Type of product sales.

Thanks[/COLOR]

Franz Kafka · 09-20-2008, 04:07 PM

Originally Posted by tex

[COLOR=blue]?[/COLOR]

[COLOR=blue]Mortgage life - is it still a viable product in terms of[/COLOR]
[COLOR=blue]making the bread and butter sales or is it gone...[/COLOR]

[COLOR=blue][COLOR=black]I'm not asking if you would sell it - I'm asking if the[/COLOR]
[COLOR=blue]specific ROP, unemployment, disability term life[/COLOR]
[COLOR=blue]product is a no-sale these days do to the economy[/COLOR]
[COLOR=blue]or any other reason.[/COLOR]

I know people / brokers don't like the product, but at
Least for a while - it was a real door opener to any
Type of product sales.

Thanks[/COLOR]

Huh? People don't die anymore because economy's bad??

tex · 09-20-2008, 05:34 PM

Well they are hard pressed to pay for all the riders
As appose to just a flat term policy, the leads is what
I was interested, but I believe the MP market is fairly saturated.

Newby · 09-20-2008, 06:24 PM

Originally Posted by Daytona_Guy

Yes, it's all dead in the mortgage industry. Stick a fork in it.
No doubt, hesitation, capitulation, or question about it. - DEAD. You need to look at something like finalexpenseagents dot biz (not com)

Better look at both www.finalexpenseagents.com
AND www.finalexpenseagents.biz

One of them had Americo contracts at 115% and the other at 105%

Looks like some friendly competition going on.

somarco · 09-20-2008, 08:17 PM

People don't die anymore

They don't die any more, or any less than they did before.

But now they are dead AND upside down.

GreenSky · 09-20-2008, 08:33 PM

Originally Posted by somarco

They don't die any more, or any less than they did before.

But now they are dead AND upside down.

They're being buried head first?

Rick

Daytona_Guy · 09-21-2008, 02:18 PM

Upside down is right.. Here in Florida, they're eliminating home equity lines of credit, sometimes while people are mid-project in remodeling, etc. because the values of the homes are crashing fast. They can no longer support even the first mortgage, much less the line of credit.

..and I think we've only just begun to see the meltdown..

pfsthib · 09-21-2008, 06:11 PM

Every week I see men and women write over $20K AP a WEEK. I don't think mortgage protection is dead.

mickeyma · 09-23-2008, 11:58 PM

Originally Posted by pfsthib

Every week I see men and women write over $20K AP a WEEK. I don't think mortgage protection is dead.

I'd like to see that. Especially in today's market. I have 30 yrs in Mtg Prot.

pfsthib · 09-24-2008, 08:45 AM

Send me a pm and I'll shoot you my phone number. You can call me. We can go over the weekly report.

nka245 · 01-29-2009, 11:02 AM

People will always need protection on their mortgages. It is never going to die. Real Estate is the most valuable asset known to man because it is exactly that, real estate. Regardless of how much the market goes down; it will never completely die unless it is the end of the World. Having said that; people will always need to protect that asset. Mortgage Protection may drop in numbers but it will never die. Furthermore, for at least the next 3 years I am going to be on a mission to replace every darn high priced OM and Forester's policy I can, thusly leaving me sitting in a pretty position.