Equtable Life's Plan Increases

Mar 28, 2016

  1. eagles12
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    eagles12 Expert

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    One of my favorite companies to do business with has been Equitable Life and Casuaity. Last week, I received a notice the company was raising their rates for the Modernized plan F & N plans 9.5 %. Today I received a call from a client who's on Equitable Life's Plan F She told me her semi-annual rate was jumping "a couple hundred dollars" effective May 1.
    I went to my quote engine , after speaking with the client, to find that Equitable is now an AM Best "B" rated company. It was a B+ a few years ago when I was appointed.
    Should I be concerned for my clients? Thanks.
     
    eagles12, Mar 28, 2016
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  2. Chazm
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    Chazm Guru

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    How is G in your area?
     
    Chazm, Mar 29, 2016
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  3. rousemark
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    rousemark Still Here!

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    I have Equitable for my wife and myself.. The rating does not concern me. I don't think I have gotten a notice of the rate increase in TN yet. I plan to change to Equitable's G if I can pass the underwriting.
     
  4. somarco
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    somarco GA Medicare Expert

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    Log in to equiline. Look for directives for plan and rate changes
     
    somarco, Mar 29, 2016
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  5. rousemark
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    rousemark Still Here!

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    TN 5% on Modernized and Standardized plans.
     
  6. thomasm
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    thomasm Guru

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    Plan G increased 5% compared to Plan F's 9.5% in the states I market.

    Good time to educate your clients about Plan G.
     
    thomasm, Mar 29, 2016
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  7. somarco
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    somarco GA Medicare Expert

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    Is there ever a bad time?
     
    somarco, Mar 29, 2016
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