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Rosemary Said:

What is a good final expense company that offers preset appointments for the agent in Alabama?

We Answered:

NOBODY is going to give you free, preset appointments. It takes HUNDREDS of telephone calls to make ONE!! No one is going to hand you sales leads for free, and the vast majority of purchased ones are useless.

That's what insurance sales are all about - and you're not going to make much of a living, with those small whole life insurance policies, either.

This is why 95% of new agents wash out - it's damned hard work getting the appointments. That's 99% of the job.

Rita Said:

Who would be a good insurance company to work for selling final expense policies?

We Answered:

Whichever A rated company wants to appoint you.

You can't make much of a living off of selling low limit life insurance policies, so good luck on that!

Derrick Said:

Life insurance: denied for too much coverage??

We Answered:

No insurance company wants to have a state insurance commissioner call them in for questioning.

If a person has more insurance than a 'reasonable and prudent man' would expect, then there can be a violation of guidelines or laws.

For example, if a mobster took out a million dollar policy on my ex-girlfriend (who is worth little more than a plugged nickle), what would happen if she accidentally died?
Can you imagine the investigation? Properly so, I might add.

No company should ever be at too great a risk on any one life.

There should never be a potential to 'profit' from the death of another person.

OK?

Cheryl Said:

Life Insurance Claim Question, This One's A Little Strange...?

We Answered:

Dad can't roll a policy over to cover him. It doesn't work that way. Life policies aren't transferrable mother to son - when the insured person dies, the policy pays out. End of policy.

The policy can't pay final expenses - it pays THE BENEFICIARY. Or the estate, if there is no beneficiary.

Whoever it goes to, it goes to. If dad wasn't the policy owner, he can't pick the beneficiary. Sounds like Grandma picked the nephew, to be the beneficiary of the policy, after she died. HER CHOICE.

The OWNER of the policy, not the insured person, picks the beneficiary.

You can't do anything. You don't get notified, of ANYTHING. Only the policy OWNER ever gets notified - that's the person who paid the premiums. You don't get any answers from the insurance company - you were not party to the contract, or either contract, it seems.


Sorry.

Tracy Said:

Getting life insurance for my grandparents?

We Answered:

Companies like Globe Life or Mutual of Omaha will issue a life insurance policy on a "guaranteed issue" basis, up until the age of 76.

After 76, you can still buy life insurance - but you won't get odds. You'll be making one lump sum payment, probably the death benefit plus 10%.

Additionally, there is no payout, unless they live a full two years after the policy is purchased.

There is no "term" life insurance, when you're in your 80's - because you WON'T outlive the term.

My recommendation is to not waste your money on insurance. You'd have to get their permission, also, which is another can of worms. Just start socking away $250 (what those two policies would have cost you) each month into the bank account, and whoever dies first, you have the money to pay for their funeral. And if it's MORE than a couple of years, you'll have the money to pay for both funerals.

Which is REALLY your reminder - if YOU want life insurance, buy it now.

Gregory Said:

Life insurance (Lincoln Heritage)?

We Answered:

First thing, the answer saying "they all lie" is untrue. There are bad seeds out there that give agents a bad rep.

Second, if they are charging you for leads, you are in the red before you even start. No reputable company will charge you to work for them.

There are too many insurance companies out there to work for one that charges for leads.

Ron, ChFC
Investment Advisor

Cynthia Said:

Why are drug and insurance companies lobbying to fight the Healthcare Bill?

We Answered:

Good question. They are like two-year-old spoiled-tyrant rich-kid mentalities in giant bodies throwing hissy-fit temper tantrums because an authority figure is trying to impose limits on their candy intake for the good of everyone being bullied by their sugar-fed misdeeds. They definitely could benefit from some discipline and structure, so I truly hope the Democrats show some spunk, some BACKBONE, and succeed in getting these reforms into law. The nation (and probably even the world) will be so much better for having done so.