Arthur Rudnick
Guru
- 1,652
Originally Posted by scagnt83Image:
Did John Hancock take that into consideration when they raised rates 50%-90%?
Or.................
Genworth announcing that they want to raise their rates on the "majority" of their older policies 50% over 5 years and "many" of their new generation policies by 25% over 5 years.
Im not advocating for the rate increases contrary to what it might seem like. But by offering a GR policy w/ no non-can options, the IC is basically saying that they dont know for sure what the future holds, and thats why they are leaving room for changes.
As agents, we have to recognize this and communicate it effectively to our clients.
So, an applicant signs a form asking whether they could afford the premium if it jumps 20%?Did John Hancock take that into consideration when they raised rates 50%-90%?
Or.................
Genworth announcing that they want to raise their rates on the "majority" of their older policies 50% over 5 years and "many" of their new generation policies by 25% over 5 years.
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