Who/What is ABA? Assuming it's an association?
AIDS (HIV Positive)
- Thread starter gordon112
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Who/What is ABA? Assuming it's an association?
- 26,140
At what age does it terminate? Are the rates guaranteed life time? Is this an Association?
Read more: AIDS (HIV Positive)
- 3,764
I believe he is referring to ABA as American Benefits Association...They had an identical plan this summer, underwritten by Mutual of Omaha...the rates went up every 5 years, and I think at age 70, the Benefit amount decreased....My problem with ABA was after releasing the product, 2 months later they canceled it...I wrote 3 policies, and had to explain to people and it was a headache...I have a feeling this new transamerica deal will fall thru in about a month..It appears they just want to collect a bunch of premiums, hope the clients don't die, then cancel the plans, and ride off into the sunset
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- #14
I would not doubt most of these are not worth sending clients to. The one that I just got licensed with is through USA benefits group. The policy is underwritten through Met Life term to age 80.
Here is a link to there site, but the coverage is relatively new and I don't want to represent a company that might drop the plan quicker then they can offer it. (or raise the rates so high the clients are forced to give it up)..its hard to put your name on a plan like that.
USA Cares
http://tc29562.usateamcorp.com/Default.aspx
Here is a link to there site, but the coverage is relatively new and I don't want to represent a company that might drop the plan quicker then they can offer it. (or raise the rates so high the clients are forced to give it up)..its hard to put your name on a plan like that.
USA Cares
http://tc29562.usateamcorp.com/Default.aspx
USA Benenfits has been around for years. It also does not provide an immediate benefit. Some of the other association plans do. I'm not saying they are worth selling in that the association will either disband or just remove the life benefit at some point once the administrator finds out that we are signing up people who are otherwise uninsurable purely for the purpose of obtaining GI life coverage.
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- #16
- 26,140
May I speak to your HIV clients?
there are ROP GI companies like Vantis and others (do a search) that will take them, a few like Degree of Honor or possibly Setllers with a graded but they limit the number of there almost GI policies to a small percentage of your business, or refer it out to a Mutual of Omaha agent who can write it with their GI
- 3,764
I will help you rewrite her clients as well. Let me know when you want to do this
- 26,140
This forum is a great resource for solutions to people's problems.
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