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I though IFP stands for "Individual family plans"?
I must be missing something here.
I sold for AMS back in the days before Pacific care bought them. They were a nice mutual company based out of Wis.
At the time I had a nice block of small group with them and wrote a good about of individual policies.
The mergers changed all of that.
So what does IFP stand for?
What are you confused about? This commission change is for individual and family plans (IFP), not group.
PacifiCare used to sell IFP plans direct to the public in CA with reduced premium (by the agent commission amount). They also sell IFP through Costco.
And the contract is non-vested.