- 1,926
When all this came to light, my brother is a career agent and I was originally part of the ambassador program. He got me number quickly but have heard they might have stopped issuing these numbers.
Genworth LTC Insurance Changes
- Thread starter LTC Connection
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- long term care
Arthur Rudnick
Guru
- 1,652
previously posted by bill berry
I was under the same impresion. Would having a number entitle you to receive leads directly from Genworth?
And, has Genworth also changed the benefits & comp on AARP policies?
I was under the same impresion. Would having a number entitle you to receive leads directly from Genworth?
And, has Genworth also changed the benefits & comp on AARP policies?
- 657
There are no changes on benefits or rates of the AARP plans (YET), nor comp to the career agents for selling it, giving the career agents an advantage over what we brokers can offer. I feel that will change in early 2013 when Genworth comes out with their new Genworth product.
Seems Genworth is trying to send Brokers a clear message to me.
And, I stand by my belief that no one can have an AARP writing number with Genworth but their Career agents. I believe Genworth and AARP are very clear on this.
Seems Genworth is trying to send Brokers a clear message to me.
And, I stand by my belief that no one can have an AARP writing number with Genworth but their Career agents. I believe Genworth and AARP are very clear on this.
- 1,926
I am independent and have a number BUT I have to let the career agent handle the sale and we split the commissions. I can't get leads from AARP. We just closed 2 cases with this relationship.
- 657
Do you mind sharing with us how you were able to get an AARP writing number? I have a Genworth number. Is that what are are talking about? The Genworth Career AARP agents have explicit instructions that they can not share an aarp plan sale with a non aarp agent. They were once able to, even with ambassador agents, but not anymore. As for how that agent interprets those instructions is up to them I guess. If Genworth is giving credit of a AARP policy sale to a non-AARP writing number for part of that sale, I guess those instructions do not mean anything.
Arthur Rudnick
Guru
- 1,652
Bill,
Do you know if the AARP policy is the exact same product as PCFlex or are they still selling PC?
If it's PC, I'd guess AARP is substantially less expensive than the open market policy.
Do you know if the AARP policy is the exact same product as PCFlex or are they still selling PC?
If it's PC, I'd guess AARP is substantially less expensive than the open market policy.
- 657
It's PCFlex, but still with preferred discounts, spousal discounts, lifetime benefits etc, that were available on flex before they made the changes. I don't think AARP approved those changes. Hence, career agents still have the old product to sell until 2013, when everything changes from what I understand.
All states are not the same though.
All states are not the same though.
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Arthur Rudnick
Guru
- 1,652
And, AARP used to offer a 5% discount to their members. Do they still do that? And, if so, I guess we're at a pretty big disadvantge.
Is that why Jack dumped Genny & went with Tranny?
Is that why Jack dumped Genny & went with Tranny?
- 657
I am not aware of a 5% discount. Must be a NY thing.
My understanding was that AARP offered no GNW discount. The 5% only applies to true employer groups, not associations. They did offer the other plan options along with the PCFlex...My Choice, my Select, etc. Its all in Straticision.
