Who Has Best RNA Contract

jacobtn · 07-03-2009, 12:27 PM

I'm looking to get contracted with RNA because of their fully underwritten life has better rates from what I have read on here. What is the best FMO here as far as commission? I don't need any support (I usually deal direct), just the best contract available.

I write about 100k yr whole life to 50+ ages. Just wanting to be competitive if I come across a replacement scenario.

jody108 · 07-03-2009, 01:02 PM

Ritter offers them at 105% but they offered my friend 115% when he pushed them ... worth a shot ...

Newby · 07-03-2009, 01:46 PM

Originally Posted by jacobtn

I'm looking to get contracted with RNA because of their fully underwritten life has better rates from what I have read on here. What is the best FMO here as far as commission? I don't need any support (I usually deal direct), just the best contract available.

I write about 100k yr whole life to 50+ ages. Just wanting to be competitive if I come across a replacement scenario.

RNA is pretty strict about giving out big commissions. Unless you commit to selling large volume through them you won't keep a 115% past the first year.

Ritter is a good place to go for it.

Travis Tubbs is the RNA expert here on the forum. He can give you as big a contract as anyone.

jody108 · 07-03-2009, 02:13 PM

Anyone had trouble getting paid by RNA? they decline a lot of my apps and they have only paid me a fifth of what i have submitted. I'm like one of the top producers right now and i'm broke ... any ideas?

WIN · 07-03-2009, 03:14 PM

105 - no production requirement
110 - 50k in production
115 - 75k in production
120 - 100k in production

moonlightandmargaritas · 07-03-2009, 03:17 PM

Originally Posted by jody108

anyone had trouble getting paid by RNA?

Are you saying Royal Neighbors is not too neighborly?

jdeasy · 07-03-2009, 06:26 PM

Originally Posted by jody108

anyone had trouble getting paid by RNA? they decline a lot of my apps and they have only paid me a fifth of what i have submitted. I'm like one of the top producers right now and i'm broke ... any ideas?

I hate when that happens!

I have the same trouble with RNA, they just don't want to pay me for the declines. Of course, I have problem with a lot of other carriers, too. These dang companies just won't pay when the coverage is not issued!!

jody108 · 07-03-2009, 08:26 PM

Really, you don't get paid for declined apps??

Why didn't someone tell me this ... %^%#@!!!!!

jacobtn · 07-04-2009, 08:14 AM

Thanks for the helpful info. by the way, do they advance? any interest charged on the outstanding advance amount?

jody108 · 07-04-2009, 12:54 PM

Originally Posted by WIN

105 - no production requirement
110 - 50k in production
115 - 75k in production
120 - 100k in production

brad??? why would they care what a producer does ... doesn't the extra percentage come out of the IMO/FMO?

Please fill me in ... kind of curious how it works.

Rna does advance but i don't know about any interest???

Daytona_Guy · 07-05-2009, 02:36 PM

Jody,

Yes, change carriers now and get paid more for your efforts on the ones that DO get approved. Some companies are aggressively courting final expense business, others are starting to discriminate against it. With your production (Jody), you'd immediately see $5,000+ more per month.

CW

Originally Posted by jody108

anyone had trouble getting paid by RNA? they decline a lot of my apps and they have only paid me a fifth of what i have submitted. I'm like one of the top producers right now and i'm broke ... any ideas?

JayJay · 07-09-2009, 10:43 PM

What is RNA?

arnguy · 07-10-2009, 03:19 PM

It is the flip side of DNA, also known as the reciprocal!

The Hunter · 07-10-2009, 04:16 PM

Originally Posted by JayJay

What is RNA?

RNA is A Insurance company that is called Royal Neighbors,
That specializes in Final expense

alexkane03 · 07-13-2009, 01:27 AM

I got RNA but stopped submitting when they declined 8k of new business right before the holidays , got better co better comm . love the name but gotta make cheez.

jody108 · 07-13-2009, 08:26 AM

Do you think that 8k in business would have gone through somewhere else? was it FE? or traditional? i get a lot declined by them ... but there FE questions aren't much different than anyone elses for immediate coverage ... what company do you find to be lineant?