F or G

[sman]

I realize many carriers used the same rates for Modernized plans. However, most carriers have a 12-month rate guarantee (at least they do here in Georgia). Since Modernized plans didn't start until 06/01/2010, if they are getting rate increases now, they didn't get a 12-month rate guarantee.

Is this what you are saying or are you simply stating those who have had their coverage for 12-months (and thus wouldn't be Modernized, but Standardized plans) are getting rate increases?

 

[ksigmtsu]

The rate increase doesn't apply until after the 12 month rate lock is up. Since the standardized are technically in the same block with UNL, all the standardized past 12 months got increased, and all new applications are going to have the increase.

 

[sman]

That's what I was thinking. When you said people with Modernized plans were already getting increases I thought that was a little odd. Here in Georgia, United of Omaha will likely have rate increases in December as that's when they started in the market here. So everyone who signed up with a 06/01 effective date will get increases next June and likely again next December.

The rate increase doesn't apply until after the 12 month rate lock is up. Since the standardized are technically in the same block with UNL, all the standardized past 12 months got increased, and all new applications are going to have the increase.

 

[medx]

I'' getting some good training and was wondering what others would choose F or G and why?? I went thru a gerber app.. they only sell A. F and G in California..

for ex.. a 68 non smoke female will pay 135.77 for an F
116.92 for an G
I'm told the only difference between the plans is that F pays the part B ded of $155 per year and G doesnt.

the policy diff per year is $18.85 per month.. ( 18.55 x 12 = 226.20 )

Can you tell me which you would choose and why

It really depends on the difference in premium
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