Foresters Changes?
- Thread starter donamese
- Start date
- 4,872
Probably other Co.'s that have cheap rates will follow suit. Some of these cheap premium Co.'s are probably not charging enough to cover risk, etc.
- 17,072
It has already been a trend. It's because their investment returns are not paying what they used to.
Already this year Settlers, Oxford, ForeThought and soon 5 Star Life have made adjustments to either rates or underwriting.
- 4,872
Looks like LH and SL were able to adapt to this trend quicker than others.
- Thread starter
- #5
- 17,072
I'm not sure what Senior Life has done but Lincoln Heritage sold off a huge block of their business to NGL.
Rates are only one piece of the puzzle. It's underwriting, rates, commissions, fixed overhead, and investment returns. They ALL affect every company out there.
That's why an independent has such an advantage. If a company gets tighter and there are better choices for the consumer, the independent agent can easily adapt.
- 15,041
I wouldn't say raising rates first is adapting quicker. They may have been unable to stomach poor investment returns for as long as other companies.
- 213
I actually hope they raise their rates enough so I never have to mess with their weird Canadian asses again. I've been looking for an excuse to not use them as much, but their low rates keep me slogging through. Fingers crossed.
- 213
Yep, wrote 2 last week. No complaints so far.
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