I know I have the best term life insurance prices on the web, but this is ridiculous. Last week, I got a call from a Select Quote agent. You know who Select Quote is, right? They’re the company all over the TV, all over the radio, and have a great web presence as well, and they are always boasting about the great rates they have. So much to my surprise, this SelectQuote agent was calling me because he wanted to buy a term life insurance policy from me through Ohio National.
When he told me that he, himself was a life insurance agent, I tried to talk him out of buying from me. I tried to explain that he should be the agent on his own policy so he could get the commissions from it. This is what EVERY life insurance agent does. In fact, I change to a new policy every year or so, so I can get paid commissions again. I shared this strategy with him, but he said even with his commissions, it made more sense for him to buy from me, because my price was so much lower! The story ends with me taking an application from him and his wife last week.
Select Quote is one of those companies that offers what I call the core group of term life insurance carriers. When you get a quote from 95% of agents in the U.S. or companies online, they all offer the same group of carriers. These are carriers such as Banner, American General, Hartford, ING, and MetLife. This is a fine list; don’t get me wrong. I represent all these carriers. But they leave out a handful of quality carriers who consistently beat their price. Among these are Ohio National, Western Reserve Life, Savings Bank Life, and Cincinnati Life.
I succeed because I offer the lowest prices for term life insurance from ALL the best carriers, not just the core group. Update, since this post, I have now written a Select Quote Review. Click the link to read it. Thanks.
{ 2 comments… read them below or add one }
Chris:
Here’s a link to the comment I made regarding 1995:
http://www.term4saleDOTcom/warning.html
Thanks for your time…
Kind Regards,
Brent Ferguson
Hi Brent,
You may have found me through Term 4 Sale as that site is owned by Bob Barney, owner of Compulife, of which I am a subscriber. I’ve known Bob for about 4 years now, and I believe his site links to me. It is true that as life insurers have had to carry larger reserves, it has affected their ability to offer longer term guaranteed policies, especially in the past few years during the credit crunch. Many companies have since eliminated some of their permanent products.
Thanks for the post. I usually delete url’s included in comments, but of course, I’ll leave yours there to give you a little “link juice”.