Life Inverstors LTC

Aug 21, 2007

  1. Superchief
    Offline

    Superchief Guru

    Posts:
    462
    Likes Received:
    0
    Does anyone know anything about Life Investors LTC product?

    I cannot find anything about them on the Texas DOI, although many other companies have great info posted there.

    A new med supp client of mine has her LTC policy thru Life Investors and she just received a pretty healthy increase and asked if I might be able to find a better plan.

    I know what her current benefits / options are; I'm just trying to get info on Life Investors to see what they may have "built-in" to their policy.

    Thanks!
     
  2. Macdaddy
    Online

    Macdaddy Guest

    Are you sure it is with Life Investors? I write for them and just checked the agent website and cannot find any LTC materials.
     
    Macdaddy, Aug 21, 2007
    #2
  3. aufan
    Offline

    aufan Super Genius

    Posts:
    126
    Likes Received:
    0
    I write for Life Investors also, and am not aware of a LTC product for them?

    Could it possibly be a UL with a LTC rider? Should not have a rate increase in that case however?
     
    aufan, Aug 21, 2007
    #3
  4. wilkin
    Offline

    wilkin Guru

    Posts:
    261
    Likes Received:
    1
    I remember Life Investors did write LTC several years ago. But as I recall they, like many others, dropped that line. Probably sold their block to someone else. Existing policyholders would have been advised and are probably being billed by the new carrier.
     
    wilkin, Aug 21, 2007
    #4
  5. policy doctor
    Offline

    policy doctor Guru

    Posts:
    1,704
    Likes Received:
    3
    State:
    Georgia
    I think Life Investors had marketed mainly to retired teachers. Is your client an educator, by any chance?

    Anyway, there should be a phone # inside that policy, if you want to call their sales dept. You can always ask "what happened"?
     
  6. rocky top buzz
    Offline

    rocky top buzz Expert

    Posts:
    62
    Likes Received:
    0
    Yes, Life Investors did get out of the LTCi business around the same time as LBL
     
  7. Superchief
    Offline

    Superchief Guru

    Posts:
    462
    Likes Received:
    0
    Yeah, I found some info finally that said they quit accepting new policies in 2005.

    I also found an article written in 2007 that stated they were denying claims.

    I'm sure you can find that type of stuff on just about anyone though.
     
  8. Guest
    Online

    Guest Guest

    I used to write Life Investors LTCi, among others, until they stopped issuing new policies in 2005. They retained administration of policies on the books (didn't sell them). To cut costs, they offered lump-sum buy-outs of agent renewal commissions. I took it (and received a check for a tidy sum). I hadn't heard it before, but it doesn't surprise me that they're raising premiums.
     
    Guest, Sep 7, 2007
    #8
  9. STIBROKER
    Offline

    STIBROKER Like My post and enter the DRAWING,,,, Moderator

    Posts:
    10,507
    Likes Received:
    443
    State:
    Texas
    all I know is this fn' company screwed me on commissions on the life side....should have known better than to deal with a co. that works with NAA.....
     
  10. maxjlone
    Offline

    maxjlone Expert

    Posts:
    24
    Likes Received:
    0
    State:
    Alabama
    Spam Spam Spam
     
    Last edited by a moderator: May 4, 2009
Loading...