GPM Secure Mark 4

[Rearden]

I am not sure that all GI is "bad business", and I also think we could run down most all FE companies on here for something or other, but still, I understand everyones' concerns here.

However, I wonder if GPM is getting kind of a bad rap here, within this thread? Maybe not.....

There is really no perfect all-around FE company.

Most get close but miss the mark in some important fashion, for example:

-5Star -- Great product, great pricing, bad customer service.
-Monumental -- Decent product, okay underwriting, paperwork is a mile long and they are amendment-happy.
-Texas Life -- Easy underwriting, awe-inspiring customer service, but pricing is higher-than-average.
-Standard Life and Casualty -- Best all-around pricing, good customer service, underwriting tight (disability income recipients are knocked out), and is a B-rated company.

More reason to carry them all and apply them to the client on a case-by-case fashion.

 

[jjrardin]

I personally have received good agent support. They are not my main company due to the delay in PHI. I don't like it for the reasons stated by Newby, they have up to a few days to have buyers remorse and the news lady telling them that whole life is no good.
The rates are really good and they have a great program for child life insurance. If they'd do the PHI at time of sale, it'd would be first out of the bag almost every time for me.

Jim

 

[Daytona_Guy]

I have never heard one negative thing about GPM from my agents that write it a lot. The home office staff is great to deal with.

My experience has been PHI's conducted within 24 hours of submitting the case. Even the clients comment again on how nice the people at the home office were.

Their rates are great, and name/story go a long way toward their credibility, too. That's always a good thing.

I like GPM.

 

[HomeService]

Isn't Standard Life and Casualty that company that was owned or bought out by American National or something? Maybe I'm mixing them up with another Utah company.

 

[jdeasy]

I'm not a fan of POS interviews but if a company is going to do a phone interview on every case then I want to be there when it's done.

I would not fool with GPM for that very reason. Either do them at POS or don't do them except in cases where more info is needed.

 

[Newby]

I'm not dumping on them as a product. It's just the one feature that sounds like a barrier to doing business. Maybe it's not. I respect Chris Westfall's opinion. Sounds like he has no issues with it.

I like having more choices. It gives us ammo to offer the agents that are trapped in by Securus.

 

[inreverse]

it is more of a barrier in the states where their graded is not approved, no fall back if the PHI goes south

 

[papercutter]

Does GPM Life still approve graded policies for cancer & heart attacks? I thought I saw their current app and it looked like they may have tightened up on underwriting.

 

[PittAgent]

Does GPM Life still approve graded policies for cancer & heart attacks? I thought I saw their current app and it looked like they may have tightened up on underwriting.

That was thier big niche but no longer. They still have a nice fully underwritten participating life product that pays nice dividends.