Just noticed that UHL charges back 100% (1st year) and 50% (second year) for death or lapse on their GI product. What companies do not charge back for death or lapse on their GI or graded plans. Columbian charges back on their FE 3 year ROP plan but not on their ordinary ROP plan.
Charge Back for Death or Lapse
- Thread starter rousemark
- Start date
I really don't know of any company that doesn't charge back when they rescind a policy. Lapses are a different story. AIG doesn't charge back for lapses after 3 months.
- 3,990
No chargeback for GI death on Settlers bronze and GW(assuming you don’t take a 6mo adv).
- 5,938
AIG will take back any unearned advance commission on lapses . . .
Then I'm sorry to hear that your contract is worse than everyone else's out there.
- 5,938
LOL. Todd - if you take a 6 month advance and the client only pays 3 months - they most def clawback the 3 unearned months.
Once again, sorry that your contract isn't like most others. I can prove what I say, can you? (see the attachment).
- 29,487
- 29,487
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