Does anybody sell final expense? I just started in the FE field and wanted to know if I could make a living. Thanks!
Total Comments: 71
Posted: Fri Oct 24, 2008 03:36 pm Post Subject: sell final expense insurance
Don't know. What is the commission schedule? How many policies do you have to sell each week to make what you need to cover your expenses?
If I remember correctly, FE insurance usually maxes at 25K? 50K? Yearly premiums couldn't be that much could they?
Just for kicks...50 year old male, NS, good health. What would my premium be?
Posted: Fri Oct 24, 2008 03:43 pm Post Subject: FE
The policies are from 3k-25k and I am selling and trying to find top agents that want to sell FE. I have been using a lead program that generates final expense leads from a dialer. For a 50 yr old male it would be $11.00 to 72.00 a month. That is 3k-25k and if you would like to sell FE please let me know I get you on a top contract. They pay 9 month advance and the commission would be $900 on a 50 yr old male.
Posted: Fri Oct 24, 2008 03:47 pm Post Subject:
Do I assume it is 72 a month fro the 25k policy?
Posted: Fri Oct 24, 2008 03:50 pm Post Subject: FE
Yes it is 72 a month for 25k. One good thing about the product is- it is 100% final expense telesales, so the clients can sign up in 15 minutes on the phone. You also get a 30 day free look period.
Posted: Fri Oct 24, 2008 03:55 pm Post Subject:
Hmm...I can get someone a 100K VUL for about $85.00 a month. Granted, it takes more than 15 minutes and there is the med test but still...
Posted: Fri Oct 24, 2008 03:59 pm Post Subject: FE
I know that is why I wouldn't stick just to FE because the premiums aren't as much as a 100k policy. But I can make more sales because no driving and don't have to worry about no shows. There are positives and negatives. There isn't a med test involved they just have to anwser 4 questions.
Posted: Fri Oct 24, 2008 11:26 pm Post Subject:
What the heck is an FE policy? (asked the stupid adjuster)
Posted: Sat Oct 25, 2008 06:17 am Post Subject:
What the heck is an FE policy? (asked the stupid adjuster)
Well, I think its another name of the popular Funeral Insurance policy, suitable for the senior citizens. The final expense policy would help the seniors to build asset that may meet the final expenses. And when the funeral expenses may range between $5 and $1,000, it's a worthy purchase for many.
Posted: Sat Oct 25, 2008 07:25 am Post Subject:
The Final Expense Life policy may have a steady premium and may also accumulate cash value that the policy holder can leave behind for the family to meet other expenses, like-taxes and debts.
The Final Expense Life policy is different from the Burial Protection Insurance which typically covers only the burial expenses. Moreover, the final expense insurance doesn't need medical underwriting, i.e. the applicant can avail the benefits against paying the premium without undergoing the medial check-ups which are otherwise required for a life insurance policy.
Posted: Sat Oct 25, 2008 11:00 am Post Subject:
Wow learn something new everyday. Never heard of this type of policy ever. I am sure someone will disagree with me but when it comes to the Burial insurance why now just go to the funeral home you plan on using and pre set up for your death. Around here you can do that. Even buy your plot and stone.
Posted: Fri Oct 24, 2008 03:36 pm Post Subject: sell final expense insurance
Don't know. What is the commission schedule? How many policies do you have to sell each week to make what you need to cover your expenses?
If I remember correctly, FE insurance usually maxes at 25K? 50K? Yearly premiums couldn't be that much could they?
Just for kicks...50 year old male, NS, good health. What would my premium be?
Posted: Fri Oct 24, 2008 03:43 pm Post Subject: FE
The policies are from 3k-25k and I am selling and trying to find top agents that want to sell FE. I have been using a lead program that generates final expense leads from a dialer. For a 50 yr old male it would be $11.00 to 72.00 a month. That is 3k-25k and if you would like to sell FE please let me know I get you on a top contract. They pay 9 month advance and the commission would be $900 on a 50 yr old male.
Posted: Fri Oct 24, 2008 03:47 pm Post Subject:
Do I assume it is 72 a month fro the 25k policy?
Posted: Fri Oct 24, 2008 03:50 pm Post Subject: FE
Yes it is 72 a month for 25k. One good thing about the product is- it is 100% final expense telesales, so the clients can sign up in 15 minutes on the phone. You also get a 30 day free look period.
Posted: Fri Oct 24, 2008 03:55 pm Post Subject:
Hmm...I can get someone a 100K VUL for about $85.00 a month. Granted, it takes more than 15 minutes and there is the med test but still...
Posted: Fri Oct 24, 2008 03:59 pm Post Subject: FE
I know that is why I wouldn't stick just to FE because the premiums aren't as much as a 100k policy. But I can make more sales because no driving and don't have to worry about no shows. There are positives and negatives. There isn't a med test involved they just have to anwser 4 questions.
Posted: Fri Oct 24, 2008 11:26 pm Post Subject:
What the heck is an FE policy? (asked the stupid adjuster)
Posted: Sat Oct 25, 2008 06:17 am Post Subject:
What the heck is an FE policy? (asked the stupid adjuster)
Well, I think its another name of the popular Funeral Insurance policy, suitable for the senior citizens. The final expense policy would help the seniors to build asset that may meet the final expenses. And when the funeral expenses may range between $5 and $1,000, it's a worthy purchase for many.
Posted: Sat Oct 25, 2008 07:25 am Post Subject:
The Final Expense Life policy may have a steady premium and may also accumulate cash value that the policy holder can leave behind for the family to meet other expenses, like-taxes and debts.
The Final Expense Life policy is different from the Burial Protection Insurance which typically covers only the burial expenses. Moreover, the final expense insurance doesn't need medical underwriting, i.e. the applicant can avail the benefits against paying the premium without undergoing the medial check-ups which are otherwise required for a life insurance policy.
Posted: Sat Oct 25, 2008 11:00 am Post Subject:
Wow learn something new everyday. Never heard of this type of policy ever. I am sure someone will disagree with me but when it comes to the Burial insurance why now just go to the funeral home you plan on using and pre set up for your death. Around here you can do that. Even buy your plot and stone.
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