Over 150.000 insurance professionals and consumers come to the Insurance Forum every month. Click here to register for FREE


Go Back   Insurance Forums > Insurance Agents and Brokers Forum > Employee Benefits Forum

Reply to Colonial VS Aflac     
Old 04-23-2010, 11:50 AM   #11
New Member
 
Join Date: Dec 2008
Posts:1
State: wkcmom is an Insurance Agent from Oregon
Colonial VS Aflac Re: Colonial VS Aflac
I disagree with your analysis....your not taking in to account the loss ratio as well as the when compairing policies you must compair apples to apples. If you can't get your claim paid (colonial) it doesn't matter what the they tell you on paper... MANY clients of mine employers and employees alike have told me horror stories of claims not being paid by colonial. Needless to say they are now happy aflac clients!!!!
------------------------------------

Last edited by wkcmom; 04-23-2010 at 11:54 AM.
  Reply With Quote to Colonial VS Aflac

Old 04-23-2010, 02:12 PM   #12
Guru
stuy119 on Colonial VS Aflac
 
Join Date: Mar 2009
Posts:1,896
State: stuy119 is an Insurance Agent from Illinois
stuy119 is a member of 1000 posts VIP club
Colonial VS Aflac Re: Colonial VS Aflac
Originally Posted by wkcmom View Post
I disagree with your analysis....your not taking in to account the loss ratio as well as the when compairing policies you must compair apples to apples. If you can't get your claim paid (colonial) it doesn't matter what the they tell you on paper... MANY clients of mine employers and employees alike have told me horror stories of claims not being paid by colonial. Needless to say they are now happy aflac clients!!!!
In 4 years, I've never had an issue getting a Colonial or Aflac claim paid.

And, on the flip side, as long as Aflac reps keep screwing up the billing and other administrative functions, I'll be able to keep replacing Aflac with Colonial.
- - - - - - - - - - - - - - - - - -
Originally Posted by wkcmom View Post
I disagree with your analysis....your not taking in to account the loss ratio as well as the when compairing policies you must compair apples to apples. If you can't get your claim paid (colonial) it doesn't matter what the they tell you on paper... MANY clients of mine employers and employees alike have told me horror stories of claims not being paid by colonial. Needless to say they are now happy aflac clients!!!!
In 4 years, I've never had an issue getting a Colonial or Aflac claim paid.

And, on the flip side, as long as Aflac reps keep screwing up the billing and other administrative functions, I'll be able to keep replacing Aflac with Colonial.
------------------------------------

Last edited by stuy119; 04-23-2010 at 02:21 PM. Reason: Posts merged
  Reply With Quote to Colonial VS Aflac
Old 08-18-2010, 11:26 AM   #13
New Member
 
Join Date: Aug 2010
Posts:2
State: bob.abg is an Insurance Agent from Illinois
Colonial VS Aflac Re: Colonial VS Aflac
Colonial only goes back 2 1/2 years to pay a claim. As long as the coverage was in force at time of claim, Aflac will pay the claim. Aflac pays more claims in one day, then Colonial has in total Assets. As far as the "customer service expansion" statement goes...you need to get your information straight. Aflac openned a second customer service center in Omaha Nebraska, in 2004.

Aflac is the number 1 Guaranteed Renewable Health Insurance Carrier. The next 10 carriers are still a long second.

Why? Because Aflac does it right. This is why Colonial and Allstate try to recruit Aflac Agents. Every year all they say is... Aflac does this, how can we beat Aflac...they want to be Just like Aflac.

That in itself, says it all. I know, becuase I was there. No one does it better than Aflac. No One!!
------------------------------------
  Reply With Quote to Colonial VS Aflac
Old 08-18-2010, 11:35 AM   #14
Super Genius
Pre-Paid Legal on Colonial VS Aflac
 
Join Date: Aug 2007
Posts:102
State: Pre-Paid Legal is an Insurance Agent from Undisclosed Location
Colonial VS Aflac Re: Colonial VS Aflac
And PPL. We should team up.

Originally Posted by bob.abg View Post
No one does it better than Aflac. No One!!

------------------------------------
  Reply With Quote to Colonial VS Aflac
Old 08-18-2010, 12:15 PM   #15
Guru
 
Join Date: Sep 2006
Posts:7,786
State: arnguy is an Insurance Agent from Pennsylvania
arnguy is a member of 5000 posts Super VIP club
Colonial VS Aflac Re: Colonial VS Aflac
Originally Posted by Pre-Paid Legal View Post
And PPL. We should team up.

Yeah, you two would make a great couple. The duck and PPL!
------------------------------------
  Reply With Quote to Colonial VS Aflac
Old 08-18-2010, 12:15 PM   #16
Guru
VolAgent on Colonial VS Aflac
 
Join Date: May 2009
Posts:12,987
State: VolAgent is an Insurance Agent from Tennessee
VolAgent is a member of 5000 posts Super VIP club
Colonial VS Aflac Re: Colonial VS Aflac
Originally Posted by bob.abg View Post
Colonial only goes back 2 1/2 years to pay a claim. As long as the coverage was in force at time of claim, Aflac will pay the claim. Aflac pays more claims in one day, then Colonial has in total Assets. As far as the "customer service expansion" statement goes...you need to get your information straight. Aflac openned a second customer service center in Omaha Nebraska, in 2004.
Really? According to Unum, which Colonial is a part of, they have 54 billion in assets. So If we limit ourselves to work days, Aflac pays out claims of 14.04 trillion a year? I smell something, and it sure isn't daisies.
------------------------------------
  Reply With Quote to Colonial VS Aflac
Old 08-18-2010, 01:39 PM   #17
Super Genius
 
Join Date: May 2010
Posts:166
State: kheyknee is an Insurance Agent from New Jersey
Colonial VS Aflac Re: Colonial VS Aflac
Originally Posted by ABC View Post
I really think the cheaper these supplemental policies are the higher enrollment you will get and higher retention.
Your enrollment rates and retention have far more to do with the working conditions you negotiate with the employer, the agent's ability to gain the confidence of employees, a consistent presence in the account by the agent, and a high level of service.

------------------------------------
Growing Family Benefits
  Reply With Quote to Colonial VS Aflac
Old 08-18-2010, 02:26 PM   #18
Guru
 
Join Date: Oct 2009
Posts:6,393
State: scagnt83 is an Insurance Agent from South Carolina
scagnt83 is a member of 5000 posts Super VIP club
Colonial VS Aflac Re: Colonial VS Aflac
I started my career with Aflac.
I still work in the business market but I sub out my supplemental to a colonial girl that does a great job for me.

They beat Aflac on most everything, especially price. The only thing of theirs that I consider high is their STD and the CI plan that includes cancer.

From a service standpoint, they beat Aflac again. I had tons of admin problems with aflac, from billing to them not cancelling policies... all kinds of crazy stuff.

But I will say that I have seen both companies pay claims on a timely and fair basis.
------------------------------------
  Reply With Quote to Colonial VS Aflac
Old 08-18-2010, 08:38 PM   #19
New Member
 
Join Date: Aug 2010
Posts:4
State: VT Hokies is an Insurance Agent from Virginia
Colonial VS Aflac Re: Colonial VS Aflac
Originally Posted by bob.abg View Post
Colonial only goes back 2 1/2 years to pay a claim. As long as the coverage was in force at time of claim, Aflac will pay the claim. Aflac pays more claims in one day, then Colonial has in total Assets. As far as the "customer service expansion" statement goes...you need to get your information straight. Aflac openned a second customer service center in Omaha Nebraska, in 2004.

Aflac is the number 1 Guaranteed Renewable Health Insurance Carrier. The next 10 carriers are still a long second.

Why? Because Aflac does it right. This is why Colonial and Allstate try to recruit Aflac Agents. Every year all they say is... Aflac does this, how can we beat Aflac...they want to be Just like Aflac.

That in itself, says it all. I know, becuase I was there. No one does it better than Aflac. No One!!
I like your enthusiasm but that is extremely unfactual and untrue. Aflac is not a good company, they are a terrible company that just lost another 20% last year. The hiring frenzies and turning and burning works for a little while and then it comes crashing down due to over-saturation, lack of expertise, and lack of commitment to the agents.

Ask everyone here how many good Aflac agents they have worked with...
------------------------------------
  Reply With Quote to Colonial VS Aflac
Old 08-18-2010, 10:40 PM   #20
Guru
 
Join Date: Feb 2009
Posts:391
State: coachd is an Insurance Agent from Illinois
Colonial VS Aflac Re: Colonial VS Aflac
anyone know where i can get a GTL and a Colonial contract for myself and some agents? What is a good commission with them?
------------------------------------
  Reply With Quote to Colonial VS Aflac
Reply to Colonial VS Aflac 

  Insurance Agent Forum > Insurance Forums > Insurance Agents and Brokers Forum > Employee Benefits Forum




Similar Threads with Colonial VS Aflac
Thread Thread Starter Forum Replies Last Post
Hey Aflac where is my product training ? newguyNY Getting Started Selling Insurance 45 06-11-2014 03:57 PM
First Week with Colonial VaDwayne Employee Benefits Forum 29 09-11-2013 04:37 AM
Aflac Vs. Farmer's Insurance jlite Getting Started Selling Insurance 14 05-28-2012 10:27 AM
Aflac Or Conseco? Scott C Getting Started Selling Insurance 53 02-22-2010 02:18 AM
Don't pay chargebacks - what can happen? Lynx General Insurance Agent Discussions 22 07-10-2007 10:13 AM



All times are GMT -5. The time now is 06:06 PM.

Forum enabled with vBulletin®
Copyright ©2000 - 2017, vBulletin Solutions, Inc.


Join the Forum - It's FREE

Share This Page



Weekly Poll

Where do we go from here? POLL
Nothing - No ACA fixes - status quo
29.82 %
HHS Rulings and band aid bills
17.54 %
Hail Mary repeal and/or replace bill
17.54 %
A bipartisan bill to fix ACA
35.09 %

Voters: 57. This poll is closed