GTL

Discussion in 'Senior Insurance Forum' started by honestagent, Feb 4, 2007.

  1. honestagent
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    honestagent Guru

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    For those whom have sold or have heard other agents selling the Advantage Plus Plan (for the hospital indemnity and other bennies this product offers) what can you share?

    I've heard mixed about Continental and am shopping this company. Any good, bad, and indifferent you can share I would greatly appreciate.

    Also, how do the premium rates compare to Continental, if you know? Strict underwriting? I know Continental is strict with their underwriting and have heard GTL is a bit more flex. Do you agree?

    Are commissions advanced or as earned?

    Thank you in advance.
     
  2. pfsthib
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    pfsthib Super Genius

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    Just got a contract with them through http://www.medicareadvantageconsultants.com/. Call them maybe they can answer some of your questions. I got Continental through MSIS. They also offer GTL. 1-800-845-8765. Ask for the rep for your state. They provide leads. According to Mary they are good.
     
  3. honestagent
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    honestagent Guru

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    tx. i am also hoping to hear if any of u are selling or have sold this.
     
  4. midwestbroker
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    midwestbroker Guru

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    Could someone who has info on both do a comparison?

    Maybe for a 70 Male with a $200 5 day inpatient benefit. That way we can see which one is worth offering.

    Thanks!
     
  5. maryjd123
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    maryjd123 Super Genius

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    the main difference that i have seen between the two are as follows

    gtl has a max lifetime benefit of $2500

    where as continental has no cap -- it regenerates its benefits every 60 days just like medicare

    so if you have a client that in january has surgery on his arm -- 1000

    by march he could go back in and have surgery on his leg at another 1000

    and then may, july, sept.. doesnt stop

    this is great for the advantage plans -- some people could make money on the product --
    i think with humana ma -- its 180 a day for the first 5 days -- depending on what plan you are with -- or 500 for the total stay?
    so with that -- the person would only be out of pocket for their doc visits etc, not any hospital stays - cause it keeps regenerating itself

    it also pays the skilled nursing home benefit of 120 dollars on top of what your medsup or medadvantage plan is paying -- this goes to the customer not the facility -- so they would basically make an extra 120 a day paycheck --
    this also covers a 60 dollar a day benefit that is not included in part f of the medsup for an RN -- that would be part g --

    for a 70 year old it would be 30 dollars a month for continental

    personally i am not selling gtl because of the cap -- i dont think its worth the money to my clients -- if they use it all the first year -- 2500 -- the cost when i called was anywhere from 30 to 50 a month depending on the age
     
  6. Guest
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    First, If you are trying to decide which one of these to offer--check to see which one is available where you live. Continental is not offered everywhere.

    Second, GTL does not have a $2500 lifetime maximum. There is not a lifetime maximum with the Advantage Plus plan. There is, however, a $2500 maximum benefit with the ambulance rider.
     
  7. maryjd123
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    maryjd123 Super Genius

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    i copied this from their website -- under seniors - advantage plus


    Advantage Plus
    Advantage Plus means protection. Today, more than ever quality health care has become an absolute necessity. Without coverage, an illness could result in a financial disaster. It's a fact that even the best health care insurance plans have out-of-pocket expenses. GTL's new plan was designed to supplement your current health insurance plan. It is designed to fill some of the co-pays, deductibles or coverage gaps you would be responsible for should you need care. Back

    Benefits available for:
    Daily hospital Confinement
    Ambulance trips
    Durable medical equipment
    Skilled Nursing Care
    Lump Sum Hospital Confinement
    Accidental Death and Dismemberment

    Issue ages: 64.5 - 85 years old
    Freedom to choose a daily benefit amount between $100 and $600 per day/hospital visit
    Choose a 10-day or 21-day benefit period
    Lifetime benefit maximum of $2,500

    i did just call gtl and you are right they did say it was on the ambulance rider
    funny when i called before -- the guy was apparently looking what i was looking at on the web -- when i quoted from their website

    apologizies to all
     
  8. 0b1kanobee
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    I would like to see some comparisons as well.
     
  9. NCAgent
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    NCAgent Guru

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    FROM THE GRAAAAAVVVEEE.

    I'm sure those comparisons won't help much now.
     
  10. senior-advisor-indiana
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    senior-advisor-indiana Guru

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