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Yesterday I dropped in on an orphan who had surrendered her policy to take one out from a different company. I asked what made her want to switch. She said an agent had stopped by and offered to review her coverage. Ok. So far so good. Nothing I wouldn’t do.
But then she said that her main reason for dropping the first policy was because the new agent told her that the other agent wasn’t licensed in Texas, so if anything happened to her, the company wouldn’t have to pay! Then he wrote her another policy for the same face amount, and nearly the same premium!
This policy was 27 months old, so past contestability. I wouldn’t have replaced it just because of that, even if the price was a little high. I realize that some might disagree if they felt that they could put the client in a better position. But I don’t think any of you would lie to get a replacement.
I don’t have a pricebuster in my bag, but I’m tempted to get one just so I can go back and get this liar charged back!
(I know, there have always been unethical agents out there. But it seems like I run into them a lot more these days!)
But then she said that her main reason for dropping the first policy was because the new agent told her that the other agent wasn’t licensed in Texas, so if anything happened to her, the company wouldn’t have to pay! Then he wrote her another policy for the same face amount, and nearly the same premium!
This policy was 27 months old, so past contestability. I wouldn’t have replaced it just because of that, even if the price was a little high. I realize that some might disagree if they felt that they could put the client in a better position. But I don’t think any of you would lie to get a replacement.
I don’t have a pricebuster in my bag, but I’m tempted to get one just so I can go back and get this liar charged back!
(I know, there have always been unethical agents out there. But it seems like I run into them a lot more these days!)