Guaranteed Issue- Which Carrier Pays a Decent Amount?

[MedicareMegan]

I always try to get my clients the lowest rate. When they have health issues and can't get through with UW, I'll try to find a GI. However, IAC only pays $25/yr on GI and Aetna pays $10/month. I didn't worry about the commission and just did the right thing for the client, but what carriers with a decent rate pay a higher commision for GI? I can't be pretty much working for free! Thanks

 

[Ron Van D]

What state are you working in?

 

[MedicareMegan]

I'm in Missouri

 

[MedSuppRecruiter]

ARLIC_ American Retirement Life_ 11%

Plans F, G & N - Missouri
All Issue Ages (Yrs 1-6 / Yrs 7-10 / Yrs 11+) + GI 11.0% 5.0% 5.0% 10.0% 5.0

 

[GreenSky]

I always try to get my clients the lowest rate. When they have health issues and can't get through with UW, I'll try to find a GI. However, IAC only pays $25/yr on GI and Aetna pays $10/month. I didn't worry about the commission and just did the right thing for the client, but what carriers with a decent rate pay a higher commision for GI? I can't be pretty much working for free! Thanks

The right thing is to find a reasonable price. If Aetna is competitive then take the $120 and run. It's about 1/2 of what you get for underwritten but then again nobody gets turned down.

Rick

 

[socal401]

Rick is right. GI is like free money, just take the $120, put them with a competitive carrier and move to the next prospect.

 

[kstein]

Anthem pays full comp in Missouri and also lets you GI into Plan N. So does Aarp. Mutual of Omaha also pays decent.

If you need contracts let me know, I'm in Missouri.

 

[somarco]

Doesn't MO have the anniversary rule? Does everyone on this forum recruit?

 

[TDFnCali]

Doesn't MO have the anniversary rule? Does everyone on this forum recruit?

I don't recruit, but if you wanna move all your contracts under me... I won't mine!

 

[kstein]

Most carriers view anniversary rule as different than a GI situation. They typically pay a little more than GI, but not as much uw.