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: Wed Oct 29, 2008 09:43 pm Post Subject:
Final Expense. Policy geared directly to take care of funeral costs. Good for someone who might not be able to qualify for regular life insurance (uninsurable). No med test, 4 questions on the phone and policy can be issued.
Posted: Wed Oct 29, 2008 09:47 pm Post Subject: insurance
Thanks for the clarification. I never knew there was such a thing. Does the cost just depend on how much of FE you want? Is this a 'savings account' kind of thing......just keep saving until you get so much into the 'account? can anyone tell me their exsperiences( good or bad) on FE?
Posted: Wed Oct 29, 2008 09:47 pm Post Subject:
Very easy for a client. They don't have to take a exam or go see a DR. They are normally for clients that want 3k- up to 25k. You can do a lot of FE over the phone and in 20 minutes have a policy number. Not for everybody as you can see but has its rewards.
Posted: Wed Oct 29, 2008 09:50 pm Post Subject:
You pay a premium for what coverage you need. Like if you want 3k you pay a small premium until you die. Like INS said its hard to get a client on board that is 40 for FE. They could pay for 40 years but you never know when you'll die. If you want to read up on it I can send you info.
Posted: Wed Oct 29, 2008 09:50 pm Post Subject: inasurance
I can see how this WOULDN'T be for everyone. Would the 'rates' be cheaper than Life Insurance?
Posted: Wed Oct 29, 2008 09:50 pm Post Subject:
Yes. Check back on the first page of this thread. There are discussions about policy value and premiums, and more talk about what exactly this policy can do for you.
Posted: Wed Oct 29, 2008 09:53 pm Post Subject:
Rates...well, for a healthy person, we used an example of a 25K FE policy for 75.00 per month. I can get that same healthy person a 100K VUL for 82.00 a month.
For a healthy person who isn't concerned about passing the med tests, I personally don't think an FE would be ideal. However, for someone who isuninsurable, the FE would be good - no meds, etc.
For the uninsurable person, having something..anything..to help the family with expenses is a good thing.
Posted: Wed Oct 29, 2008 09:53 pm Post Subject: insurance
yes, MCAMPBELL....I would like you to send me some information on this.
Posted: Wed Oct 29, 2008 09:53 pm Post Subject:
Hi Wendy, Good to see you. How have you been?
Posted: Wed Oct 29, 2008 09:55 pm Post Subject:
Well put life is good. Charger fan I will send you a message and get your email.
Posted: Wed Oct 29, 2008 09:43 pm Post Subject:
Final Expense. Policy geared directly to take care of funeral costs. Good for someone who might not be able to qualify for regular life insurance (uninsurable). No med test, 4 questions on the phone and policy can be issued.
Posted: Wed Oct 29, 2008 09:47 pm Post Subject: insurance
Thanks for the clarification. I never knew there was such a thing. Does the cost just depend on how much of FE you want? Is this a 'savings account' kind of thing......just keep saving until you get so much into the 'account? can anyone tell me their exsperiences( good or bad) on FE?
Posted: Wed Oct 29, 2008 09:47 pm Post Subject:
Very easy for a client. They don't have to take a exam or go see a DR. They are normally for clients that want 3k- up to 25k. You can do a lot of FE over the phone and in 20 minutes have a policy number. Not for everybody as you can see but has its rewards.
Posted: Wed Oct 29, 2008 09:50 pm Post Subject:
You pay a premium for what coverage you need. Like if you want 3k you pay a small premium until you die. Like INS said its hard to get a client on board that is 40 for FE. They could pay for 40 years but you never know when you'll die. If you want to read up on it I can send you info.
Posted: Wed Oct 29, 2008 09:50 pm Post Subject: inasurance
I can see how this WOULDN'T be for everyone. Would the 'rates' be cheaper than Life Insurance?
Posted: Wed Oct 29, 2008 09:50 pm Post Subject:
Yes. Check back on the first page of this thread. There are discussions about policy value and premiums, and more talk about what exactly this policy can do for you.
Posted: Wed Oct 29, 2008 09:53 pm Post Subject:
Rates...well, for a healthy person, we used an example of a 25K FE policy for 75.00 per month. I can get that same healthy person a 100K VUL for 82.00 a month.
For a healthy person who isn't concerned about passing the med tests, I personally don't think an FE would be ideal. However, for someone who isuninsurable, the FE would be good - no meds, etc.
For the uninsurable person, having something..anything..to help the family with expenses is a good thing.
Posted: Wed Oct 29, 2008 09:53 pm Post Subject: insurance
yes, MCAMPBELL....I would like you to send me some information on this.
Posted: Wed Oct 29, 2008 09:53 pm Post Subject:
Hi Wendy, Good to see you. How have you been?
Posted: Wed Oct 29, 2008 09:55 pm Post Subject:
Well put life is good. Charger fan I will send you a message and get your email.
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