Is It True About Mutual of Omaha....

[LadyYaYa]

I work in Missouri. I heard that Mutual of Omaha had around a 30% rate increase here this year. I just recently became independent and the top 3 companies i was going to sell were 1. National States (no longer around) 2. Heartland Financial (they haven't even gotten their 2010 plans approved) and 3. MOO (i was told they had a 30% rate increase).

Do i need to go back to my captive FMO?
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This is United of Omaha, not Mutual of Omaha

 

[jerry176]

supply and demand.

Well you cant sell #1 not around.
#2 you dont know where they stand.
# 3 if you know how to sell, then sell # 3.

What I hear, health insurance goes up every year, 30 percent seems kind of steep. I would do some further research, and verify the figure.
There is some guy from missouri, that knows med supps on the forum, look him up, I forget his name

 

[Longtimeagent]

I still havent received anything from Mutual/UWL on my current client base for a rate increase for 2010. I received in in mid April last year for their 7/1/09 increase. Maybe Frank has some info on their rate increases expected here in GA? Or are the rate increases nationwide (as a percentage)??

 

[billyg]

I would consider adding more companies to your brief case. MoO has done the same thing in Colorado, their approved modernized rates represent about a 20% increase, and they are not offering N here. As a result, I am selling a lot of Gerber and Loyal American. ACI should have their rates out in about 2 weeks, if they are good I will be selling a lot of them. If I find another company that has good modernized rates, I will contract with them. That is the advantage of being independent; when a company (like MoO) becomes too high priced (or otherwise unattractive), you can contract with and start favoring other companies' products.

 

[Frank Stastny]

MOO has filed M&N in Colorado, they just aren't approved yet.

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There doesn't appear to be a rate increase on United World in GA. United of Omaha has replaced United World in GA and there are no increases.

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The increase in MO is 20% on the existing standardized plans. The new Modernized plans are substantially less.

For the current standardized plans a female age 65, a Plan F is $153.60. For that same female the new Modernized rates effective June 1 a Plan F will be $128.00

 

[Professor Leads]

The increase in MO is 20% on the existing standardized plans. The new Modernized plans are substantially less.

For the current standardized plans a female age 65, a Plan F is $153.60. For that same female the new Modernized rates effective June 1 a Plan F will be $128.00

So, it is already starting.