Wellabe Discontinues Final Expense Sales

Wellabe recently announced the removal of final expense insurance from its product portfolio. New applications for final expense insurance will not be accepted after August 31.

The decision to remove final expense came from various factors, including low taken rates, billing issues, poor persistency, and agent fraud. Steps taken to resolve these issues only reduced profitability for both Wellabe and its agents.

Wellabe will continue to support the efforts of its contracted agents in selling available plans and provide quality insurance plans for clients. To learn more about this decision, please call Agent Sales Support at 866-252-5594, or read more here.