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Came across IPA-America and considering selling their products.
What can you tell me about them? They are also associated with a group
High Road Leaders? ...
Came across IPA-America and considering selling their products.
What can you tell me about them? They are also associated with a group
High Road Leaders? I guess maybe they are the marketing organization?
Comments.
I just ran into them today. They currently are captive and selling World health plans. My understanding is they have been acquired by IHC and will soon (in June) be selling Medlife 360 underwritten by Madison National Life. I'm not a health guy but it seems like a good high deductible plan with CI, LI, and DI all part of the package.
Any of you true health guys have any feed back? It is greatly appreciated!
Medlife 360 underwritten by Madison National Life. I'm not a health guy but it seems like a good high deductible plan with CI, LI, and DI all part of the package.
I see no reason NOT to offer it if the premiums are reasonable. Unless I'm missing something (and if so, someone will be along soon to point it out), the plan combines many of the coverages people need.
The $1M limit really is not a problem and it does grow by $1M each year. Name one person who exceeded this limit?
My guess is that they may price themselves too high, especially for renewals.
We all need to differentiate ourselves. This could be the product that works for this purpose.
Rick
------------------------------------ ILIAA
Training, Community, Support, and Success Independent Life Insurance Agents Assn rick@iliaa.org
I have had at least half a dozen claims xs of $1M.
Package plans are usually designed to shore up other areas that are weak, make the plan seem much better than it is. (Think Mega).
Add-on riders (CI, DI, etc.) are almost always lesser plans than what you get if you were to buy the coverage outright. More window dressing than real benefit.
If someone wants a HDHP/HSA then buy it. Don't add on a bunch of junk to make it seem attractive.
I have had at least half a dozen claims xs of $1M.
Not questioning you but I just can't see a scenario other than custodial where an insurance carrier would pay more than $1M in a year. Maybe lifetime, but not in one year.
Three types of claims can climb to $1M+ in a matter of months.
Head & spinal cord injuries, burns and premies.
Over the years I have had several of each with the burn being the largest claim. $2.5M over 2 yrs but, like most large claims, the bulk of that was in the first few months.
Three types of claims can climb to $1M+ in a matter of months.
Head & spinal cord injuries, burns and premies.
Over the years I have had several of each with the burn being the largest claim. $2.5M over 2 yrs but, like most large claims, the bulk of that was in the first few months.
Trauma care is quite expensive, as is neonatal.
Wow! Never could have pictured a claim that high. Obviously it could happen.
Burns are something most do not consider unless they have been exposed to it.
The lady was burned in a house fire. Cannot recall how long in ICU, but literally months. PT, surgery, pain management . . . a long, expensive and very uncomfortable treatment.
She actually expired her benefits at $2.5M but the hospital (my client) where she worked kept paying for her care. No idea how large the claim actually got.
Overall, I like the idea of the plan-----it helps bring up the conversation and need of having these other coverages! I'd sell the health and CI. If life and DI were to be sold, I'd explain they could do better with a separate and individual contract.
People need help----and truth be told, any coverage is always better than none.
I'll be getting appointed and offering this contract!
Being new to health insurance, this opportunity has been brought to my attention but after having some bad past experiences being "captive", I'm a bit weary.
This Madison Life "Medlife 360" is a newer product and from a smaller company but it looks like this group Independent Producers of America (IPA) (actually a captive environment) may help get one's new career off the ground?
If you were starting in the health insurance business today (already licensed but not any health experience) what would be your path? I've made enough mistakes in the past and would truly be grateful if you vets could lead me in the best direction possible!
(I'd like to hire agents at some point in the near future if I can increase my learning curve, I figure that will help me do two things:make more money and help more people!!!
Thanks in advance!!!
(Oh yeah, like the majority, I have a very limited budget and need to make money/sales immediately!----Again, thanks!
What happended to the life insurance animal? Why are you trying to clutter things by selling health? Don't make the biggest mistake of finding something that works and then changing it.
If your set on health insurance, I probably wouldn't go this route. Just as you can help them find a more competitive option on the life and DI lines, it is the same with the health side as well. Given your sales experience, I would learn the plans of the main carriers in your state and just start prospecting.
A captive route can possibly help you with the immediate income, but I would try to find an arragement with access to more than two carriers. I've never gone the captive route before, but I've heard too many horror stories that I would at least proceed with caution.
IPA-America
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