Bankers Life and Casualty?

[blb52086]

Re: Bankers Life and Casualty not participating in crossover?

You are selling EIA's to seniors? Have you no conscience?

Give me a break, seniors want their money safe. EIA's provide bigger rates of return then CD's they are probate planned for and grow tax deffered so no 1099. Some people who dont have any clue what they are bad mouth them and those people are just ignorant so let them say what they want. They still have some liquidity so there money is never tied up. Unlike a CD Annuities have Convelescent Care Riders and Terminal Illness Riders. We also have to sign three different suitability forms and we havent had one complaint from the BBB in over 3 years. So please educate me on why it is bad for a senior. They are not right in all cases but in some it is perfect.

 

[blb52086]

Re: Bankers Life and Casualty not participating in crossover?

Not gonna argue with you....

But Bankers has low commissions because you guys are captive....

Not attractive to people who wanna own a business...

I hear ya, if you want to own your own business then yeah its def not attractive. Im not too interested in starting my own business right now so i feel it fits my certain situation, different strokes for different folks.

 

[Bill W.]

Re: Bankers Life and Casualty not participating in crossover?

Ummm your a little bit off on the vesting Bankers vests years 1thru 5 of renewals after 10 years year 6 thru 10 is gone immediately and each year one drops off so after 5 years its gone completely.

 

[MedSuppPro]

Re: Bankers Life and Casualty not participating in crossover?

For a supplemental policyholder subscribing to automatic claims services, payments will be made directly to your providers who accepts Medicare assignment.

If your doctor doesn't accept assignment then the claim still goes directly from provider to Medicare and then to the Insurance carrier via automatic claims. It's the payment that goes to the insured. This is my point. The lady mentioned above may think she is no longer on auto claims because her provider no longer accepts assignment and she is getting all this "paperwork" (checks).

 

[somarco]

Re: Bankers Life and Casualty not participating in crossover?

Give me a break, seniors want their money safe. EIA's provide bigger rates of return then CD's

Sorry, but no breaks.

Annuities, including EIA's are better for you than your senior clients.

And don't give me the CD vs. annuity BS sales pitch.

You really are a bum, aren't you?

 

[Frank Stastny]

Re: Bankers Life and Casualty not participating in crossover?

For a supplemental policyholder subscribing to automatic claims services, payments will be made directly to your providers who accepts Medicare assignment.

If your doctor doesn't accept assignment then the claim still goes directly from provider to Medicare and then to the Insurance carrier via automatic claims. It's the payment that goes to the insured. This is my point. The lady mentioned above may think she is no longer on auto claims because her provider no longer accepts assignment and she is getting all this "paperwork" (checks).

I didn't see any mention of the word "checks" in his original post I did see the word "bills" and "claims". Did you just assume that he was talking about checks?

Sman originally stated: "She stated that they told her they were no longer participating in Medicare crossover and now she has to collect her doctor bills and submit her claims to Bankers Life and Casualty."

That is what I thought you were responding to and was what prompted my comments. The term "crossover" apparently can be used to mean several different things.

That is the problem in trying to communicate in writing. Sometimes people just kind of make up terms and expect everyone to know what they are trying to communicate. I looked at exactly what he said.

 

[theinuranceguy]

Re: Bankers Life and Casualty not participating in crossover?

I hear ya, if you want to own your own business then yeah its def not attractive. Im not too interested in starting my own business right now so i feel it fits my certain situation, different strokes for different folks.

Ya I stroke different than you I guess... haha

Why dont you just go independent, do exactly the same thing, and make triple the money....

People making 55k at bankers would make 150k+ independent...

Just my observation...

 

[senior-advisor-indiana]

Re: Bankers Life and Casualty not participating in crossover?

We have a whole thread dedicated to arguing about annuities. Take your gloves over there.

 

[sman]

Re: Bankers Life and Casualty not participating in crossover?

I didn't see any mention of the word "checks" in his original post I did see the word "bills" and "claims". Did you just assume that he was talking about checks?

Sman originally stated: "She stated that they told her they were no longer participating in Medicare crossover and now she has to collect her doctor bills and submit her claims to Bankers Life and Casualty."

That is what I thought you were responding to and was what prompted my comments. The term "crossover" apparently can be used to mean several different things.

That is the problem in trying to communicate in writing. Sometimes people just kind of make up terms and expect everyone to know what they are trying to communicate. I looked at exactly what he said.

I'm with you Frank. Poll 1,000 Medicare recipients and I bet no more than 10 can tell you what "crossover" is. She specifically asked me about Medicare crossover. I don't think she came up with that on her own. She specifically stated that two people at BLC said they were no longer participating in it.

It looks like too many people want to shoot the messenger. I just report it like I see (or hear) it. All I'm asking is whether anyone can confirm. It doesn't look like anyone can.

 

[Bill W.]

Re: Bankers Life and Casualty not participating in crossover?

Actually I can. She is correct bankers chooses not to participate in the crossover. They prefer the Dr. to bill them after they receive the medicare remittance