Big Cancer Policies ?

[somarco]

I am an old guy and some the terminology used today is foreign to me. Does "sick" mean bad or good.

Bad means good and good means bad.

 

[UncappedIULforYou]

You talking about Mark Headrick? Good guy.

Almost certain that's the guy!

 

[UncappedIULforYou]

Any recurrence benefit on that?

I have my own critical illness through Assurity. I consider that a cancer policy. Plus heart and stroke.

 

[goillini52]

Bad means good and good means bad.

And "gay" used to mean happy.

 

[Newby]

Any recurrence benefit on that?

If you are asking if it will pay for cancer now and then again for heart events on a 2nd claim, then yes it does.

 

[goillini52]

If you are asking if it will pay for cancer now and then again for heart events on a 2nd claim, then yes it does.

Some plans have a reoccurrance benefit. If you get your 1st occurrance benefit, instead of the policy ending, your benefit builds back up over time.

 

[rousemark]

If you are asking if it will pay for cancer now and then again for heart events on a 2nd claim, then yes it does.

Recurrence benefit would be that it would pay for cancer a second time.. Some plan will pay the initial benefit and then after a period of time will pay a second benefit upon a second diagnosis of the same disease..

 

[shonceman]

You talking about Mark Headrick? Good guy.

Yes, it’s Mark Headrick. He’s developed both cancer and critical illness products for LBL. I’m licensed to sell them, but haven’t really had a chance to study them. I signed up hoping I could use them for debit clients, but they don’t even allow a monthly direct bill. Since debit is my current focus, I’m afraid these products went “back burner” for me. But for anybody actively selling cancer/CI, they appear to be good lump sum benefit products.

 

[shonceman]

Also the new LBL CEO, Marty Martin, has extensive background in Medicare, both supps & MAPD, so I expect some good developments to LBL’s Medicare offerings in the future.

By the way, earlier this year they quit referring to the company as “Liberty Bankers Life”, and now use “Liberty Bankers Insurance Group” or LBIG due to their diversication of lines (Life, Supplemental health, Medicare, Preneed, and annuities).

 

[Newby]

Recurrence benefit would be that it would pay for cancer a second time.. Some plan will pay the initial benefit and then after a period of time will pay a second benefit upon a second diagnosis of the same disease..

It's never been my understanding that it would pay a 2nd time on cancer if it paid the full amount the 1st time. I could be wrong though. I've never had it pay the first time so not an issue for me personally at this point.

I also have an Aetna version. I've sold more of the Aetna so I always like to own what I sell.