Admiral Life Can Kiss My ***

Cenla Agent · 11-01-2007, 03:35 PM

Are there any other carriers besides Admiral, Shenandoah, RNA and Sterling Investors that Wakely is the administrator for ?

retread · 11-01-2007, 03:45 PM

I think all Med Supps through AIMC, and that's about it. I really don't know for sure because I only carry Sterling Investors & Shenandoah under AIMC.

Cenla Agent · 11-01-2007, 03:49 PM

What's AIMC?

senior-advisor-indiana · 11-01-2007, 04:59 PM

AIMC had Lincoln Heritage also.

As far as Admiral goes.... They have gotten better. I have talked to agents that have no problems with UW at all. I have had them decline a few people that probably shouldn't have been. One case ther considered the prospect to have disabling arthritis because in the phone interview she said she uses a cane a lot. I called and said she didn't have DA and they said the client would have to pay for APS to get the decision reversed. So I sold a different company. I think they migth have 1 bad UW there.

retread · 11-01-2007, 05:37 PM

Quote:

Originally Posted by Cenla Agent

What's AIMC?

American Insurance Marketing Corporation [AIMC] - Serving all of your senior market insurance needs

Mr supplemental · 08-26-2008, 09:14 PM

AIMC dropped my company's contract with Sterling, Admiral, and Royal Neighbors and gave no other reason than to say we can because our contract says we can. We have placed a lot of business on their books in the time we have had them. I'm at a loss to explain why they would all of a sudden term our company's contract and all our agents' contracts, and not refund the appointment fees, even though some of the appointments were very recent. It's a huge inconvenience.

senior-advisor-indiana · 08-26-2008, 09:16 PM

Where are you from?

Mr supplemental · 08-26-2008, 09:20 PM

The great state of Mississipi.

Mr supplemental · 08-26-2008, 09:42 PM

I was just trying to get a handle on whether we were dropped because of some problem with our FMO or whether it was a system wide problem with the company itself. Why else would they turn their noses up at the kind of business we were generating?

patch36 · 08-26-2008, 10:20 PM

I wrote about 10 Admiral policies this last year. I had a small problem with an older husband and wife, but the Admiral underwriter helped me through it and got it issued. I am in a state that does Guarantee Issue each year on the policy anniversary date, so maybe that is why I haven't had any real issues. At the time they were the cheapest for the clients.

Mr supplemental · 08-27-2008, 09:26 AM

"What's AIMC?"

It stands for "An Increase Must Come" or maybe "Agents Income Means Crap" or "Agents Increase My Commission."

senior-advisor-indiana · 08-27-2008, 12:57 PM

I like AIMC. You obviously were let go for a reason that you are not willing to share. Maybe you were rolling business? I have not had any problems with them since I originally started this thread.

Mr supplemental · 08-27-2008, 02:48 PM

Really, it was nothing of the kind. I liked them and promoted them to our agents, and they were priced well in a number of states. That's why it's disappointing.

SportsNut · 08-27-2008, 03:06 PM

Quote:

Originally Posted by senior-advisor-indiana

I like AIMC. You obviously were let go for a reason that you are not willing to share. Maybe you were rolling business? I have not had any problems with them since I originally started this thread.

That is funny. You blast them to kingdom come in the first post of the thread, albeit well over a year ago, and now the are sweet. Chuckling...

So were you able to get the original two policies issued, or did you place them somewhere else..? Just curious, cause I like to keep all this stuff straight.

senior-advisor-indiana · 08-27-2008, 04:35 PM

I was able to get them placed somewhere else. They have POS interview now that really helps out.
I learned that you really shouldn't post something in the heat of the moment. I was frustrated about money and didn't hold back.

patch36 · 08-27-2008, 05:54 PM

Quote:

Originally Posted by senior-advisor-indiana

I was able to get them placed somewhere else. They have POS interview now that really helps out.
I learned that you really shouldn't post something in the heat of the moment. I was frustrated about money and didn't hold back.

I do the same thing, too often. There should be a two week delay on some of my posts.

Mr supplemental · 08-27-2008, 08:27 PM

Well, maybe, God willing you'll never have any trouble with them. I'm just looking for a first cause. I heard they were owned by Wells Fargo, and that bank may have just been added to the FDIC list of troubled banks, since they took some huge losses this year, but then I was told Wells Fargo had sold them 2 years ago, so there went my theory. Of course they may still be in financial trouble. If anyone else gets a termination letter without cause let me know.

senior-advisor-indiana · 08-27-2008, 11:09 PM

They ain't gonna term this mega million doller producer.