Looking for Guaranteed Issue/Limited Benefit Plan Info

[MyAgentSolution]

Good morning!

This is my first post to the Forum! I am looking forward to chatting with all of you. Your opinions on many topics are both sometimes hilarious and eye opening.

I am looking for info on Guaranteed Issue Products. To be more specific I am looking for:

• Companies that have them
• Typical commissions 1st Year and subsequent years
• Your personal take on which company/plan is the best and why.
• Which plan is best for the consumer and why.

A few companies that I know that have them now and could use some info on are:

AIM
Homeland
Assurant
Transamerica

If you know of others that would be great!

Thanks in advance...

Chuck

 

[STIBROKER]

Really Chuck..............

 

[magagent]

Do you need limited benefit plans for your prospect zone leads? Sorry...

 

[MyAgentSolution]

Come on, I am just looking for info...not useless remarks. I was told this Forum was a great place to gather information...not be ridiculed!

One mans trash is another mans treasure!

 

[magagent]

This is a great resource for all agents. It was a joke.... a sense of humor is mandatory in this business!

 

[YouGotMyMoney]

I have 2 considerations when looking at a limited medical plan.

1. Who is the insurance company that underwrites the plan?
Do they have questionable marketing practices?
Are the plan benefits mostly "smoke and mirrors"?

2. Compensation
Do they comp me on the enrollment fee?
A lot of these "Mini-Meds", have enrollment fees of $100 to $135, plus the monthly membership fee. I have a hard time getting excited about selling a plan with an enrollment fee, that only comps me 20% or even worse, nothing on the enrollment fee! If you want a plan that pays on the enrollment fee, Intelicare and Ican Benefit are two that come to mind.

 

[STIBROKER]

One mans trash is another mans treasure!

Up until the point when the client gets screwed.....

 

[MyAgentSolution]

Thanks guys! I appreciate the info and I will note the the "sense of humor" thing :-)

 

[STIBROKER]

Thanks guys! I appreciate the info and I will note the the "sense of humor" thing :-)

but really....what were you planning on doing with a limited medical discount plan.....

 

[leftsided]

Fairmont Specialty ( A rated Carrier ) - Core Health Insurance - no enrollment fees, instant issue, plus group coverage -

Assignable benefits and approved in 44 states - ONLY Fairmont Specialty ( U.S. Fire underwrites the policy )