Big Cancer Policies ?

[UncappedIULforYou]

Debit, otherwise known as “Home Service” insurance is a system whereby the agent collects premiums directly from the insured in their home or workplace. Many companies, including some of the largest, started out with that system until a system was created to pay monthly premiums by automatic draft. But there are areas where a significant number of people either don’t have bank accounts, or don’t manage them well, or just don’t like auto drafts and prefer to pay the agent directly. LBL (or LBIG, like I just mentioned) has a Home Service division for clients like that, and for agents who enjoy that distribution system. (BTW, us debit agents laugh derisively at your 10% renewals. Chump change!)

Say What Now.
Let's speak at length about this

 

[UncappedIULforYou]

Cigna has one that goes to $100k. Also can be a price buster with their unisex rates.
p.s.- Cigna just raised their Plan N med supp comp to 26%. I guess they really want to push Plan N.

In what circumstance would you put someone on an N and not a G or F?

 

[goillini52]

View attachment 5668
FEX Quotes still has the old logo, which is fine since both of those are still companies within the “Group”. But when I go to the website, I see this:
View attachment 5668
On the company trip this year, they gave us jackets with the new logo.

LBIG is a lot better at keeping a secret than Adam Schitt.

 

[LostDollar]

In what circumstance would you put someone on an N and not a G or F?

Caveat:Not an agent.

There are (experienced agent) differences of opinion about that. The spectrum runs from NEVER to QUITE OFTEN. A most common answer would probably be something like: The potential client will buy Medicare Advantage before they will buy F or G. At that point the agent runs N premiums and plan characteristics up the flagpole to see how the person reacts.

You can see some discussion here:
https://insurance-forums.com/commun...y-sell-this-during-t65-open-enrollment.99944/

 

[PA Bill]

In what circumstance would you put someone on an N and not a G or F?

The circumstance that pays me 26%!

 

[shonceman]

Say What Now.
Let's speak at length about this

Didn’t we bring this up in a different thread in the FE forum? The laughing emoji makes me think you might be kidding. But if you’re really curious, pm me. I’m glad to answer any questions! (And I’m not a recruiter,)

 

[goillini52]

View attachment 5668
FEX Quotes still has the old logo, which is fine since both of those are still companies within the “Group”. But when I go to the website, I see this:
View attachment 5668
On the company trip this year, they gave us jackets with the new logo.

I just got an e-mail from LBIG about the Critical Illness plan.

 

[rousemark]

I just got an e-mail from LBIG about the Critical Illness plan.

I got that email too..I responded and they sent the brochures and contracting paperwork. Odd thing is they won't send you any rates until after you contract. I want to know if they are competitive before I go to the trouble of contracting..

 

[goillini52]

I got that email too..I responded and they sent the brochures and contracting paperwork. Odd thing is they won't send you any rates until after you contract. I want to know if they are competitive before I go to the trouble of contracting..

What did you think of it?

Does it fall under the life contract, or does it require a seperate contract?

 

[rousemark]

What did you think of it?

Does it fall under the life contract, or does it require a separate contract?

Separate contract... It was OK but didn't overly impress me other than it does have a great recurrence benefit.. It also has a 10 year ROP.. The way it was explained to me was it refunds 50% of premiums less claims at the end of 10 years and the other 50% as a death benefit to the family..