Equitable L&C exiting the FE business
- Thread starter rousemark
- Start date
- 30,589
Might as well toss Equitable in the trash bin. What have they got left. I won't sell their cancer policy anymore. Turns out that they won't cover a biopsy unless it's a minimum size. Nice to find that out when a claim is filed. I told them that was deceptive because nowhere in any material we have does it say that. I threw out their supplies, and will replace the cancer policies I've placed with them.
I used to really like Equitable. Things can sure change in a hurry.
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- 4,872
- Thread starter
- #6
No..mid-range
- 298
- 298
They just recently withdrew thieir Medicare supplements from North Carolina. I have written
7 Heritage Protectors the last month. I did not enjoy dealing wih their underwriting anyway.
7 Heritage Protectors the last month. I did not enjoy dealing wih their underwriting anyway.
- 1,912
A carrier stops selling a product for mostly one reason. They're actuarial projections went upside down. High lapse rate or claims rate. I dont know much about them, but I would suspect alot of agents used them in niche cases and messed up their projections.
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I've carried them for years because I got my E&O from them. Only ever sold one cancer policy for them, and it lapsed after a couple months. The FE product never impressed me, anyway. I've got better options for cancer policies, too, although I don't really write it (unless somebody pops up and asks me for it!). They seem to push med supp pretty hard, but I don't do that either. I won't terminate my contract, though. You never know - I might need something from them one day.
