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Old 06-28-2007, 03:47 PM   #1
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STIBROKER on U.S. Financial Life
 
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Announcement made at 4:00 p.m. today!

Effective July 20, 2007, U.S. Financial Life will no longer accept new business from their field force.

In a press release sent by the company President Tim Herr stated that "The impaired risk market - served by USFL is limited in size and has come under economic pressure as traditional carriers are increasingly expanding into substandard risk classes. Given these challenges, AXA Financial has decided to discontinue writing new business at USFL".


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Old 06-28-2007, 03:56 PM   #2
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Originally Posted by [email protected] View Post
Announcement made at 4:00 p.m. today!

Effective July 20, 2007, U.S. Financial Life will no longer accept new business from their field force.

In a press release sent by the company President Tim Herr stated that "The impaired risk market - served by USFL is limited in size and has come under economic pressure as traditional carriers are increasingly expanding into substandard risk classes. Given these challenges, AXA Financial has decided to discontinue writing new business at USFL".
How dare you post such lies? I'm reading this AND looking at my clock - it's only 1:55pm.

You have information before it happens! Tell me who wins every baseball game this weekend. I need to get to Vegas.

Rick

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Now offering Washington National contracts. Great cancer plans!
YIO is now available at http://yourinsuranceoffice.net/.

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Old 06-28-2007, 04:09 PM   #3
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U.S. Financial Life
If I posted an news item now it's 5:08 here but only 2:08 in CA.
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Old 06-28-2007, 04:40 PM   #4
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U.S. Financial Life
Don't forget the IPhone goes on sale at 6:00PM tomorrow (Friday) in each Time Zone!
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Old 06-28-2007, 05:09 PM   #5
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senior-advisor-indiana on U.S. Financial Life
 
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Seems like a new trend. Life companies not taking new biz.
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Old 06-28-2007, 08:15 PM   #6
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Originally Posted by senior-advisor-indiana View Post
Seems like a new trend. Life companies not taking new biz.
Arguably it is the opposite. More and more companies are accepting impaired risked business which cut into U.S. Financial's turf.

Winter
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Old 06-28-2007, 08:21 PM   #7
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senior-advisor-indiana on U.S. Financial Life
 
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U.S. Financial Life
I am not talking about impaired risk. I am saying that this is the third company that has stopped accepting new biz in the last 2 months.
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Old 06-29-2007, 06:54 AM   #8
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Originally Posted by senior-advisor-indiana View Post
I am not talking about impaired risk. I am saying that this is the third company that has stopped accepting new biz in the last 2 months.
What are the other two?

Winter
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Old 06-29-2007, 10:25 AM   #9
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senior-advisor-indiana on U.S. Financial Life
 
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unity life is one. i dont remenber the other. I will find out.
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Old 06-30-2007, 05:30 PM   #10
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I saw the same thing in my e mail. I wonder way they are not taking new apps?
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