Want to Sell Book of Business...

[xrac]

Nobody seems very encouraging. Anybody think otherwise?

 

[Todd King]

I think I spoke with them years ago when I was going to sell my captive block of med Supp business. I believe they offered me 2.5x the annual renewal. I highly doubt anyone would buy MA's though for the reasons others have stated. It could possibly be a good deal for an agent to buy the block and hope like hell that MA's go down the tubes and write them med supps, not for 2.5 x's though

Last I knew it was 2.5X. I agree wholeheartedly about the buying of the MA plans. I figured I would tell the agent to call and let the "experts" tell him what it's worth though. Who knows, maybe they'll offer that to him.

 

[senior-advisor-indiana]

I would probably buy it for 15k.

 

[Todd King]

I would probably buy it for 15k.

Do I hear $15,500? Anybody? I've got $15,000....looking for $15,500....do I hear a bid?

 

[Josh]

I would probably buy it for 15k.

Sounds like an overly generous offer to me!

 

[senior-advisor-indiana]

Sounds like an overly generous offer to me!

Depends on what company and area they are in.

 

[IndianaAgent]

Why wouldn't it be possible?

 

[GreenSky]

Why wouldn't it be possible?

We gave you a few reasons why WE don't think it is possible but none of us are the final answer.

Give it a shot and see what you can get.

If you don't like our answers, find someone who will agree with you.

Rick

 

[IndianaAgent]

Given the "iffy" future of Medicare Advantage in general and the likelihood that people will change their plans within 2 years (my experience), why would you think the renewals would be worth 2-3 times annual?

Why would you sell something generating almost $12K a year in renewals if you didn't think they'd continue.

Something doesn't smell quite right.

Rick

Sherlock,
what doesn't smell right to you? The "iffy" future of MA plans is one reason I would want to sell them, among other things. I didn't know I had to give an entire explanation for wanting to sell them. Maybe my 3 year old son has had some serious health issues and I need some extra money from time off work and medical expenses. I was asking if anyone knew of any companies that bought renewals. Of course I wouldn't do it if I didn't feel it was a fair offer.

 

[GreenSky]

Sherlock,
what doesn't smell right to you? The "iffy" future of MA plans is one reason I would want to sell them, among other things. I didn't know I had to give an entire explanation for wanting to sell them. Maybe my 3 year old son has had some serious health issues and I need some extra money from time off work and medical expenses. I was asking if anyone knew of any companies that bought renewals. Of course I wouldn't do it if I didn't feel it was a fair offer.

No need to insult me and yes, you did need to explain why you would sell this because several people asked.

Since you agree that MA plans have an "iffy" future, why would you even ask if anyone would pay 2-3 times annual?

Sorry about your son but I don't believe you'll find anyone to offer more that 1 to 1 1/2 times annual. I know I wouldn't.

Rick