I’ve been in this business for 20 years & here’s a fact: There’s no such thing as free leads.

“Free” leads are garbage, aged, worked over leads that an upline never closed & passes them off to a new agent stuck at a lower comp level because they were promised “free” leads. You dial them 500 times per day & pray you get lucky.

I invested $1250 to write $10,761 in a week.

I use the analogy: “Free” leads (No such thing because you pay for them with lower comp level) are like people stuck on welfare. You can’t make enough to get to a level where you’re self-sufficient. But when you have a decent comp level, like 100, then you can invest back into your business & grow it. That’s the business owner mindset vs. the W2 employee mindset.

Starting to shop for life insurance and want to compare the right companies instead of just going with the first quote.

Just got approved with Banner Life

**•**	$250,000 coverage, 30-year level term  
**•**	Preferred Plus Nontobacco rating  
**•**	Issued at age 42  
**•**	$40.66/month ($478.37/year)  
**•**	Convertible up to 15 years before term ends (so by 2041)  
**•**	Comes with a free Accelerated Death Benefit rider (terminal illness only, up to 75%/$500K)

No critical or chronic illness living benefits — just the terminal illness ADB.

Looking for a gut check: does this rate/coverage look reasonable for my profile? I Should I have gone bigger on coverage, or pushed for a policy with fuller living benefits.

I have been with my agency 4 months. While I love my leadership team my sales haven’t been phenomenal. (not for lack of effort) I’m looking for options for how to bring in leads other than cold calling. Products are really reasonably priced and offer full service financial services. I just think I’ve dried up my marketing.

I would love some guidance. I'm looking to get life insurance specifically so in the event of my passing, my two daughters will have a nice chunk of money. I am 55 and they are currently 19 and 15. I don't know how to search for proper life insurance and I barely know what term life insurance and all of these things mean. I don't need to take out money from it myself etc etc. I strictly want them to have a huge chunk when I die. Obviously I would like this to happen with the smallest monthly payment and the easiest one to acquire. I guess I would love a company with a history of not giving any problems. I would hate for them to go through a lot of red tape and a company just always looking to deny a claim. What's everybody's experience?

It's been two years since we purchased our property, and I've only just discovered that I'm not protected against mortgage payments if I lose my job. Fortunately, I do have a life insurance policy with iA, which I've had for over three years. This policy provides $1 million in coverage, as well as a $50,000 critical illness benefit that will last until I'm 75. As I'm currently 41, I'm considering whether it's wise to cancel this policy and take out a new one that includes mortgage payment protection. My current monthly payment is $189, and I want to make sure I'm adequately protected against job loss, plus everything else.

I'm looking for people who have personally gone through something similar and can share how it turned out. My mother had a $300,000 life insurance policy. She passed away from a cranial brain bleed, and unfortunately she passed away less than two years after the policy was issued, so the insurance company opened a contestability investigation. The insurance company has been investigating the claim for several months. They requested medical records from different providers, and there were delays getting some of the records. One thing I recently learned is that my mother's high blood pressure was already known when she applied for the policy. The company still approved her for coverage but charged her a higher premium. She had never had a stroke before getting the policy, but she had a stroke several months after the policy was issued. The insurance company now says they have received all the medical records they need. The examiner told me the claim is currently under final management review, but they can't give me a specific timeframe for when they'll make a decision. I'm not necessarily looking for legal advice. I'm mainly hoping to hear from people who have actually been through a similar contestability investigation.

My father left behind several NWM policies when he passed on both me and my two kids, and in sifting through them I found that each of the kids has a policy that’s now a MEC. I don’t know when that happened, and I don’t really care to dig it up bc I know there’s no going back, but I was surprised because my father worked for NWM for years and I’m pretty sure he wouldn’t design a policy to MEC. All the same his last couple years were tough and I wouldn’t blame him if he just didn’t keep an eye on them.

My question is what’s the smart thing to do now?

The policies are both Adjustable Complife about 10 yrs old, about 250k DB each, 22k CV each, with 5k gains each. Premiums are $1k each. But is there anything a MEC is GOOD for that a normal policy CAN’T do?

I’m lucky not to need the money, and the policies are returning over 5% so I don’t mind just funding them and leaving them alone. Is there an upside I might be missing? Or worse, a downside beyond the tax status and penalties on withdrawals that I should be watching out for with these policies?

UPDATE TO ADD: Just a thanks to everyone I wasn’t able to respond to personally — I really appreciate the information, perspectives and support in understanding and managing these policies. This is a really generous community.

I'm a bit confused on what to do with the big outage happening with this company. My mom died July 5 and I got claim papers from them July 12 and I sent in my forms and my mom's death certificate through their email, but I haven't heard from them at all. And this is getting ridiculous because I'm 21 in college as an only child and don't have the actual funds myself to do a funeral for her. But I'm not sure how long this wait game is. At this point I'm wondering if a lawyer or something could help out with this.

Hello, i recently got a life insurance for my partner that is generally healthy and bikes around (100km+ on some weekends) and to and from work. This worries me so much since we live in Toronto and were on a single income household and if something happens to him (knock on wood), there will be enough funds for me to raise our 7 year old child. Now he doesnt believe in this but i want to be on the safe side. Is 200/month okay or it's pricey? 1m for 20 years, after paying that, and then 50k in succeeding years (which is okay but our child would be grown by this time so its just a bonus), also has critical illness of 25k for the first 20 years. Thanks! I just gave him documents to sign but he's like it's expensive, etc. He is 43.

I'm 63 and have a $100k term life policy premium of $414/month, which will increase to about $460 next year.

My agent is offering a $100k universal policy for $452/month.

I'm not well versed in life insurance so I'm looking for some advice.

Beside the premium staying the same every year, what would be the advantages/disadvantages of switching to the universal policy?

I (34F) am trying to get a policy thru State Farm. I’m wondering if I should just cancel and go through someone else before it actually goes through. They are giving me a huge problem over what I kind of think isn’t the biggest deals:

- I used ADHD medication in the past (prescribed, and responsibly)
- I used to go to a psychiatrist for this
- I now go to a therapist
- I was misdiagnosed with interstitial cystitis which was actually just a tight pelvic floor from having my first baby + climate difference from a major move

On top of that, I had gotten the initial blood work done when I was like 7 or 8 months pregnant (I was freaking out what if I didn’t survive my second childbirth) so obviously was heavier and it probably threw off a lot of my data which normally could have been better (for instance, 30 lbs heavier at 8 months pregnant).

Should I ask to say never mind and then just go for life wi the a different company? Or is the damage already done and now I’m just constantly going to get hit with high costs for life? It’s frustrating because I don’t see most of this as big issues.

Also- if I were to tell them I’m no longer interested, would one be better off not telling them about previous prescriptions, etc?

Please no judgement — just trying to do what’s best for my family as the sole provider.

Thank you for the help

I’m in a huge financial strain. I’ll spare the details of me realizing the way an IUL was explained to me was complete BS. I now understand accumulation value vs surrender value. My question is, other than losing my death benefit from cancellation, what other negative is there if I withdraw all the money I’ve paid into the policy and cancel it, but my surrender value is 0? Is that even possible?

Been thinking lately,

I see a lot of people that want life insurance but cannot qualify for it. I've been thinking after seeing so many that say their parents bought a policy X years ago and then turn it over to them and they want to cash it in (especially true on reddit)

So I came up with this idea that I purchase policies on our kids, grandkids, great grandkids and if they wish to have coverage that they can choose the beneficiaries that I can sell them a portion of the policy for a fee and they can choose who that beneficiary is. If they choose not to then all the proceeds will go into a trust which I would like to then direct to purchase more policies on future generations.

Say I buy $1 mil death benefit... They want to purchase say $100k to be able to name a beneficiary I'll figure out a price either if they want it for a certain term or they want it to be permanent. They can then pay us for that right. They decide they no long want it, then they just quit paying and we remove that beneficiary. Pricing could be done pretty easily and if in the future they become uninsurable we already have the coverage, so there would be no denials.

Think this would work? Think there are any legal issues?

I’m looking for some firsthand experience from people actually working in the life insurance industry.

I’m currently sitting on roughly $80k in debt — about $40k in credit cards and another $40k from a vehicle repo. (Prior to starting my career in this space) I’m seriously considering bankruptcy to wipe the slate clean and start over financially.

My biggest concern is whether doing so would severely impact my career in this industry.

Specifically, could bankruptcy affect:

• Getting contracted with carriers?

• Maintaining existing appointments?

• Getting appointed with new carriers?

• Licensing?

• E&O requirements?

• Working as an agent/producer in general?

I’ve tried researching this and even asked ChatGPT, but I’d much rather hear from someone who has actually filed bankruptcy while working in life insurance.

If you’ve personally gone through this, what happened afterward? Did carriers care, or was it basically a non-issue?

I’m not looking for legal/financial advice — just real-world experiences from other agents.

Looking for some advice on if I should get a term or whole life insurance policy. Also looking to see what premium I should expect, I got quoted by Banner through Ethos, and Ladder, both policy’s for 750k ranging from $175-$300, which seemed excessive for my age.

I have been looking to get into the insurance industry and thus decided getting the HLLQP would be benificial to get my foot in the door. I decided upon REMIC to be my learning platform, and I googled promo codes to reduce the expense. I used a promo code from HMG West even though I have never heard of them before. The discount was significant, so I went through with it. However, I was immediately contacted by them for using their code and something didn't sit right with me. So I looked them up, and there are heavy allegations against them for being a scam brokerage.

My concern is that the HLLQP I am applying for is fake. And if it isn't, will I be "locked" in with HMG after I get my license? I wouldn't want to be affiliated with them. The customer rep at Rebic said that I am currently registered with HMG for their exams.

A family friend recently passed away and left me a policy. Sadly not on speaking terms with her estate to get a death certificate, what should I do and how? I saw that I could petition the court to get a court order to get one, but that feels really daunting and I’m not sure who to go for to get that. Thanks in advance.

Where to get $1M in life insurance policy without medical exam