Lifetime Renewals on MA - Can They Outlive Me?

Jan 7, 2016

  1. ICACharleston
    Offline

    ICACharleston Expert

    Posts:
    97
    Likes Received:
    29
    Now that MA plans are paying lifetime renewals (client's lifetime, not mine) is there a way to have the renewal outlive the AOR?

    I am thinking that if an agency rather than an individual is the producer, renewals will continue as long as someone in the agency is certified with the carrier.The contract states renewals stop upon the death of the producer.

    I just hate to think of those renewals going back to the carrier. i know I can't take it with me but I'd love to have a say where it goes.
     
  2. sman
    Offline

    sman Guru

    Posts:
    6,228
    Likes Received:
    252
    State:
    Georgia
    Even if commissions are paid to an agency (this is the way I have it done), I still list my agent info on the MA application so it isn't likely that the renewals will continue beyond your death. At least not after that year's certification requirements.
     
    sman, Jan 7, 2016
    #2
  3. axeman462
    Offline

    axeman462 Guru

    Posts:
    1,695
    Likes Received:
    49
    State:
    Florida
    Couldnt the agency itself have a writing number, and then use that writing number to submit all business?
     
  4. TN_agent
    Offline

    TN_agent Guru

    Posts:
    619
    Likes Received:
    37
    State:
    Tennessee
    if an agent assigns commissions, with some MAPD carriers it is possible to get the AOR reassigned to another active agent within the agency if an agent does not recertify. not sure about death, though, in this case it was just someone leaving the business.
     
  5. GreenSky
    Offline

    GreenSky Guru

    Posts:
    15,339
    Likes Received:
    455
    State:
    Nevada
    If you don't die, they won't outlive you.

    Yeah, I'm a problem solver.

    Rick
     
  6. Chazm
    Offline

    Chazm Guru

    Posts:
    4,811
    Likes Received:
    857
    State:
    Florida
    I plan on living forever as well. So far so good
     
    Chazm, Jan 7, 2016
    #6
  7. GreenSky
    Offline

    GreenSky Guru

    Posts:
    15,339
    Likes Received:
    455
    State:
    Nevada
    I just broke my personal record for consecutive days alive.

    Rick
     
  8. sman
    Offline

    sman Guru

    Posts:
    6,228
    Likes Received:
    252
    State:
    Georgia
    29,220... :yes:
     
    sman, Jan 8, 2016
    #8
  9. GreenSky
    Offline

    GreenSky Guru

    Posts:
    15,339
    Likes Received:
    455
    State:
    Nevada
    That was before Ricksmas a few weeks ago.

    Rick
     
  10. DS4
    Offline

    DS4 Guru

    Posts:
    4,107
    Likes Received:
    328
    State:
    California
    This thread bring to mind, "Weekend at Bernie's".
     
    DS4, Jan 8, 2016
    #10
Loading...