They've both been pretty good to work with, especially LBL. No problems on this end. It does seem that Thrivent is just a little slow sometimes, but not too bad. They are worth picking up if they are competitive in your area.
Thrivent Financial and Liberty Bankers Life Med Supps Released
- Thread starter SeniorMarketDesign
- Start date
They've both been pretty good to work with, especially LBL. No problems on this end. It does seem that Thrivent is just a little slow sometimes, but not too bad. They are worth picking up if they are competitive in your area.
- 2,055
Thrivent just emailed their MS in PA are all increasing by 9% as of March 1st EXCEPT for N, which is increasing 0%.
I've been pushing N. These people are used to small co-pays, coming off of group plans or ACA. I'm tired of the increases on Plan G. I spent a lot of time during AEP re-writing those I could from an old block of Aetna's business to other carriers as they had a big increase.
Or they can have MA. I'm starting to like it more and more and am going to be like one of these female Philly agents that keep telling me I'm crazy to stop being the "suburban" agent I am.
People need to be better educated in their 50s they will need more money than they think for retirement and healthcare.
I've been pushing N. These people are used to small co-pays, coming off of group plans or ACA. I'm tired of the increases on Plan G. I spent a lot of time during AEP re-writing those I could from an old block of Aetna's business to other carriers as they had a big increase.
Or they can have MA. I'm starting to like it more and more and am going to be like one of these female Philly agents that keep telling me I'm crazy to stop being the "suburban" agent I am.
People need to be better educated in their 50s they will need more money than they think for retirement and healthcare.
- 2,055
Discontinue Medicare Supplement Sales Effective 04/28/2020
In September of 2019, The Capitol Life Insurance Company, a member of the Liberty Bankers Insurance Group, launched its new Medicare Supplement plans. With competitive rates and “On-the-Spot” underwriting, Capitol Life has been experiencing rapid growth.
For this reason, Liberty Bankers has made the decision to discontinue acceptance of new business applications for Liberty Bankers Life Medicare Supplement product, effective April 28, 2020, and will focus efforts and resources toward The Capitol Life Medicare Supplement program, while continuing to provide excellent service to existing policyholders. This decision does not impact current policy holders, and they will continue to receive the highest level of customer service.
On behalf of Liberty Bankers Life, we appreciate all your hard work and support, and would like to extend an invitation to you to continue to sell, through The Capitol Life program. For information on rates, state availability, incentive programs and to become contracted, contact your FMO or Marketing Director today!
IMPORTANT DATES
Applications signed on or before 04/28/2020, with policy effective dates on or before 4/28/2020, and received by 04/30/2020 will be accepted. In the event an application is received and found to have pending requirements, all pending requirements must be received by 05/08/2020 in order to complete an underwriting decision. Incomplete applications as of 05/11/2020 will be withdrawn.
Applications received and issued after today’s date will be paid As Earned. Commissions will continue to pay as earned for all previously issued business.
Effective 04/28/2020, all sales materials and resources will be disabled.
Your state appointment to sell Liberty Bankers Life Medicare Supplement plans will not be renewed. You will receive a copy of your termination letter, not for cause, when your state appointment comes up for renewal.
In September of 2019, The Capitol Life Insurance Company, a member of the Liberty Bankers Insurance Group, launched its new Medicare Supplement plans. With competitive rates and “On-the-Spot” underwriting, Capitol Life has been experiencing rapid growth.
For this reason, Liberty Bankers has made the decision to discontinue acceptance of new business applications for Liberty Bankers Life Medicare Supplement product, effective April 28, 2020, and will focus efforts and resources toward The Capitol Life Medicare Supplement program, while continuing to provide excellent service to existing policyholders. This decision does not impact current policy holders, and they will continue to receive the highest level of customer service.
On behalf of Liberty Bankers Life, we appreciate all your hard work and support, and would like to extend an invitation to you to continue to sell, through The Capitol Life program. For information on rates, state availability, incentive programs and to become contracted, contact your FMO or Marketing Director today!
IMPORTANT DATES
Applications signed on or before 04/28/2020, with policy effective dates on or before 4/28/2020, and received by 04/30/2020 will be accepted. In the event an application is received and found to have pending requirements, all pending requirements must be received by 05/08/2020 in order to complete an underwriting decision. Incomplete applications as of 05/11/2020 will be withdrawn.
Applications received and issued after today’s date will be paid As Earned. Commissions will continue to pay as earned for all previously issued business.
Effective 04/28/2020, all sales materials and resources will be disabled.
Your state appointment to sell Liberty Bankers Life Medicare Supplement plans will not be renewed. You will receive a copy of your termination letter, not for cause, when your state appointment comes up for renewal.
- 2,055
Thanks for the short notice... I only have a couple folks with this carrier, and will be moving them now, if they can pass uw.
- 29,487
I just piched my stuff. They haven't been competitive for a while.
I've been happy with my LBL Med Supp, and I'm stuck with them.
- 4,023
I just sent contracting in for Capitol so I can write my wife with them. I’m glad to hear you’ve been happy with LBL. Hopefully we’ll have the same experience, since she’ll probably be stuck, too. How have they been for rate increases?I just piched my stuff. They haven't been competitive for a while.
I've been happy with my LBL Med Supp, and I'm stuck with them.
- 29,487
Good for the 1st 2 years then a 14% jump this year. It's still not too bad, but I'd switch if I could.
- 2,055
Whenever a block closes, I like to try and move my people due to the potential rate increases.
- 5,778
Is it me or have over the last several years companies been making shifts and changes without giving much notice to the field force.
Seems to me, and I am no expert, that product shifts are swifter and in larger blocks.
Are the bean counters better now than in the past, or are they using these new business predictive models to base all future business off. I think they just woke up to a new and different world.
LBL actually announced this some time back. Those that were with LBL were supposed to have been automatically contracted with Capitol Life a few months ago.
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