Guess Who's Changing Their Comp on GI Med Supp?

[rousemark]

Believe Bankers Fidelity still pays full commission on GI. Don't see any footnote on my comission schedule to the contrary.

 

[goillini52]

Believe Bankers Fidelity still pays full commission on GI. Don't see any footnote on my comission schedule to the contrary.

Might be state specific, mine pays a one time $25 fee...but they pay full comp on Disability Med Supps and have one of the best U65 rates. Definitely the company to use for Disbility Med Supps.

 

[vic120]

Might be state specific, mine pays a one time $25 fee...but they pay full comp on Disability Med Supps and have one of the best U65 rates. Definitely the company to use for Disbility Med Supps.

That is good info. I am glad I added them this year

 

[goillini52]

That is good info. I am glad I added them this year

There're a lot of things to like about them. I wish they had a POS PHI. They stopped doing them for Med Supps right about the time I picked them up. I just wish they were a little faster getting them issued.

 

[vic120]

There're a lot of things to like about them. I wish they had a POS PHI. They stopped doing them for Med Supps right about the time I picked them up. I just wish they were a little faster getting them issued.

I just added them few weeks haven't used them yet, How long do they normally take?

Seems like They will take a lot of those hard cases is why I am excited to add them

 

[goillini52]

I just added them few weeks haven't used them yet, How long do they normally take?

Seems like They will take a lot of those hard cases is why I am excited to add them

They seem to be taking about 10 days. They seem to sit in UW for a week. Once they actually start looking at it, it goes pretty quickly.

Yes they will take the hard cases...especially heart/diabetes.

 

[somarco]

BFLIC takes about 5 business days for IEP. Have not tried them for GI or U65.

Underwritten cases about 10 business days.

During AEP they got swamped and things took forever. Some took 6 weeks to sort through.

Overall I have been pleased despite a few rocky places. I believe things will improve as they go along.

I don't think they had brokers until just recently. Seem to have a bunch of career agents with a rah-rah mentality.

 

[goillini52]

BFLIC takes about 5 business days for IEP. Have not tried them for GI or U65.

Underwritten cases about 10 business days.

During AEP they got swamped and things took forever. Some took 6 weeks to sort through.

Overall I have been pleased despite a few rocky places. I believe things will improve as they go along.

I don't think they had brokers until just recently. Seem to have a bunch of career agents with a rah-rah mentality.

They might've had both. I looked at them 10 years ago(might've been longer). They were marketing to independent agents, but I didn't pick them up. All of their products just seemed to be a little higher than most, so they didn't make since at that time.

Now they make lots of since with their UW and they have some of the better rates too.

 

[somarco]

They changed their rate structure a couple of years ago. Abandoned unisex rates and made a few other changes. Ran across an old field bulletin announcing the changes.

 

[goillini52]

They changed their rate structure a couple of years ago. Abandoned unisex rates and made a few other changes. Ran across an old field bulletin announcing the changes.

They're doing it right now.

I've been waiting for 4-5 months for Liberty Bankers to be approved in Illinois. They're showing up as being available here on 01/16/2016, but they're still pending. Can't even order supplies yet.

I don't think they'll be as lenient as Bankers, but they blow everybody out on the rates.