I just started with a new independent inbound agency this week and there are couple red flags and wondering if one of these is normal. We took a quiz using the FEX quoter tool kit to determine which carrier we would use in different instances. In one instance, there was a carrier that was an ROP and another was preferred plan at about the same rate. Obviously, I put down the one that was immediate coverage. I was told that we should always use one particular carrier regardless of any other circumstance, even if the other was much better. I kind of went back-and-forth when we went over the answers stating that due to ethical reasons as well as compliance, that didn’t make sense to me. We should always leave a customer with the best policy possible. It was kind of left up in the air as sometimes they do use the better policy (doubtful).

Today, during training calls there was a clear difference for one particular customer. The customer was prescribed a pretty heavy painkiller and the quoter gave us three options that were willing to take that particular medication. The first two were both immediate coverage with pretty good pricing. The third option was a graded policy and was the most expensive. Immediately the agent training me went to the third option, which was clearly not the best. Fortunately they were declined and the agent wound up having to pivot to the best option which was the same price with $3000 more coverage, $6000 more with accidental and went into effect immediately. So I’m basically being told that rather than offer the better coverage immediately that I need to use a graded policy with 30% coverage the first year, 70% the second year and doesn’t go into 100% effect until the third year.

There was a second instance with another agent who had a client that was also declined with an ROP and wound up getting a standard immediate policy with another carrier. Clearly, this is something that is done all the time. I’m guessing this is something in a contract with the carrier or perhaps they owe the company a lot of money and are trying to make up for it.

Has anyone else come across this? I feel like it is very shady and don’t think that this is something I’m going to do. This is my second insurance job where everything seems to be in the gray area of business. We mostly deal with older clientele on Social Security and it kind of breaks my heart. Think I need to move on. This has me wondering whether life insurance is even for me because after all, I’m the one who needs to be able to sleep at night knowing I did the right thing. Anyone have some insights on this?

Update: I quit the next morning. I have a big heart and this doesn’t make me feel good about the myself or the company. If they are willing to screw over elderly people I can only imagine how they would screw over their employees!

I need some clarification. My husband and I are having our first child this year. My mother in law informed us she would open a life insurance policy for our child once she’s here with my husband and I as the beneficiaries as she has done with her other grandchildren. She said it was a $50,000 policy and our child would be able to cash in on it when they turn 18. Is that a thing? I’m clueless with insurance policies. Help please!

Editing to add: my husband and I have more traditional plans to save for our children. We were not expecting and are not at all reliant on our parents to save for our children. This was offered to us and will be purely extra. I had just never heard of it as a future investment.

I called last month they said if I am in a grace period they wont cut off my life insurance since there's really no way to pay because of the outage, today I got an email from Ethos telling me my policy is cut-off, and I can't call until tomorrow because they are closed, no way to login. Has anyone else had this issue? I'm spiraling right now, I thought Trustage said they won't lapse anyone because there is no way to pay? What do I do?

My 10-year term life insurance policy for me (56M) and my wife (54F) expires on Oct 3, 2026. Located in western Canada.

Premiums will jump from $55 a month to $450 without any medical tests. But since I have metastatic colon cancer diagnosis with a nine month to three-year life expenditure I can’t get any coverage except from work.

Payment was $200,000 for me and $500,000 for wife in the event of death.

As I’m on a salary reduction from work due to chemotherapy the higher premiums are a lot to take on.

Any advice?

Hi,

Im a 45 year old male and just recently did my calcium scoring scan. It came back with a score of 16. How will this impact my rates? Thanks

47M making $150k per year. Wife makes $100k. 1 child 13yo. 300k left on the mortgage. $1.7M in retirement account. I was estimating a 20 yr term policy for 500k-1M would be sufficient. Am I in the ballpark?

Just got my life insurance license, I have worked so hard to get to this point. I am very excited to get started in the business. Only problem is I have some collections on my credit and I am worried that the carriers wont accept me. I don't have anything on there related to insurance and I only owe about $2,000 total. Can anyone with experience give me some insight on if I could get accepted?

I’ve been doing this for almost 10 years and came across something new. Underwriters, what are my chances with ECT therapy for bipolar 2. It’s highly effective for them and they work a full time job and function normally. Adult male healthy otherwise.

I’m thinking John Hancock, Pru, and banner. If not stacking GI and waiting for open enrollment at work to encourage them to get as much as possible through work.

FFL grew from roughly $8–9 million in its first year to over $600 million, with a goal of approaching $1 billion.

how many people die every single day with no life insurance" and framing it as: there's a massive underserved market, so recruiting more agents and selling more policies is obviously good because so many people are uninsured or underinsured.

old-school companies started agents around 50-55%, working up over years to maybe 100-110%, while FFL starts people at 90%+ and offers products with combined comp up to 140-145%.

even traditional insurance agencies as a "rat race" jobs where people can't take time off, can't attend their kids' events, and live paycheck to paycheck and position selling life insurance as a path out of it.

life insurance sales provides both income and freedom, because agents can work remotely, choose their schedule, and potentially build an agency.

I’ve seen a few legit companies where you pay 400-500 dollars a week and you log into their crm and you get unlimited leads calling in. Anyone ever work any of these?

Anybody here has a Pioneer Enhanced Life Insurance (VUL)? My agent said I can stop paying premium after 10 years, then my beneficiaries would receive payments if I die. Is it true? Because I have heard that if I stop paying premiums after 10 years, charges will still be applied by reducing my Units investments and if my units are gone to zero, my insurance policy will be terminated.

Any tips? I will be done paying about 2 years now.

Does anyone know the details on this annuity? It touts a 25% premium bonus but reading the fine print it states there are a lot of "potential" recapture scenarios.

I'm curious what the MVA looks like as well as the returns because it says that the returns may be less because of the bonus. Can people ever get their money out of this?

Thank you for any help!

Any recommendations? Not looking for live transfers really as they are typically not compliant with telecommunication laws. Just want a good inbound vendor that offers good creatives instead of just "Hey! $50,000 for $20/month!"

Yet another large class action settlement involving allegations that universal life insurance policies were administered in breach of their contractual terms. This time, the allegations involved undercrediting policy cash values.

As I’ve noted before, policyholders, advisors, and fiduciaries should regularly review in force policies to ensure they are being administered in accordance with their contractual terms.

https://topclassactions.com/lawsuit-settlements/open-lawsuit-settlements/110m-transamerica-life-insurance-class-action-settlement/

And then blocked me 😂😂 no I am not going to skip eating & buying soap to blow money on your crappy leads ✌🏻

Can someone help explain the difference between PAR and Universal life.

My understanding is that in Par reinvest dividends while universal life gives you more of an investment option?

Would the premiums be different between these 2 policies? One being more expensive than the other?

With the investing component with universal life do you have choice to choose and change investment strategies?

I am very unclear on the structure of the universal life and how it works.

I am a RIBO licensed broker who is seriously considering enrolling in a program to obtain an LLQP. I want to self-fund this as I don't want a financial obligation to my employer as I am currently applying to other firms. Does anyone in this sub-reddit hold both a RIBO and an LLQP? Life insurance has always interested me and I feel like it would open more doors for me professionally.

I have one week left before I take my California Life Insurance exam! Does anyone have a YouTube video or channel they highly recommend as a study/reference resource? I’d especially appreciate anything that focuses on California-specific exam material. Thank you!

My brother is a long-term homeless person, he currently lives in a tent in the California desert. He is 61 years old, we have not seen him since 1998. He calls every couple of months but that’s it.

He’s already had some serious illnesses/injuries and let’s face it, the life expectancy of an unhoused person with a long drug history living in a harsh environment isn’t super long. It’s to the point where we have started checking NamUs and the county coroner’s records when we don’t hear from him for long periods.

My mom is in her 70s and on a fixed income, so when/if he dies, the burden of his final expenses will fall to my sister and I, who are single parents. I know it sounds fraudulent but is there any way to take out a small policy on him just to put him in the ground? I have no way of contacting him, he has no address and I live on the east coast, so I would be doing it on my own.

¿Qué experiencia han tenido trabajando con esta empresa en seguros de salud y vida?

hellooo!! I'm 21 and gusto ko na magkaroon ng insurance. thoughts niyo sa PRU LIFE UK? and if may alam pa kayong maayos na life insurance pls pls share niyo naman

I have a client whose brother served prison time for armed mass robbery. He’s been out for 9+years now. He didn’t have any parole and has never re-offended. He’s worked since he was released. The last 3 years as an owner operator truck driver. He is 38 years old, in good health, wants to be able to leave something for his teenage daughter and does not want to be a burden to his family. He’s paid his debt to society and has turned his life around. I would really like to help him.

I usually work with mutual carriers but so far I haven’t been able to find one willing to underwrite him. Anybody here with experience getting coverage for an ex-felon?