Med Supp and Online Sales

[sman]

You aren't helping your cause by bashing another FMO. For what it's worth, I only have one carrier through Ritter. The lions share of my business is with MOO through SMS (and yes, I have a higher than street level contract). I have also used AARP, Family Life, Gerber, GPM Life and New Era is the new low cost carrier in Georgia where the majority of my business is. Until you can show me that Loyal is the least expensive carrier, I just have no interest in doing business with them.

No, I do not quote people that way. I have a notebook with the carriers rate sheets. I don't have Loyal American's rates so I relied upon Ritter's site. I am so happy you are concerned though. I welcome you to come to Georgia and start marketing your overpriced plans. I'll eat your lunch.

By your own admission, Loyal's rate for a plan N in Alabama (you didn't specify a zip code) is $78.57. Family Life is $71.00 and if a husband and wife apply together, the rate would be $66.03. I don't know about West Virginia, but where I come from both $71 and $66.03 are less than $78.57.

Sman,

The new rates are much lower they are going to become a major player now with the platform they have. Tell Ritter to get off his can and update that site better yet just move your stuff to a FMO that can help you. Let me know if we can help we have the best contracts and best lead programs as well.

Jim Sowder
Family 1st Insurance Brokerage
304-640-8914
fax: 206-337-3753
[email protected]
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Sman,

Is this how you quote people? Seems very dangerous using outdates stuff from a 3rd party. I would be carful doing business this way.

Jim Sowder
Family 1st Insurance Brokerage
304-640-8914
fax: 206-337-3753
[email protected]

 

[Frank Stastny]

I must be. According to Ritter's quote engine, a Plan N for a 65 year old female in Birmingham, Alabama (35201), Loyal is $86.84 for Plan N while Family Life is $71.00.

Plan G for Loyal is $107.64 while Gerber is $86.50.

Plan F for Loyal is $124.15 while Family Life is $101.50.

According to Ritter's site, the rates for Loyal were effective 06/23/2010. Granted, it's possible his rates are incorrect. Please let me know if these rates aren't accurate. I'm sure Ritter would want to know as well.

I noticed you used a specific zip code. With every company I represent the premiums are higher in metro areas than in rural areas.

For example, in Missouri a MOO Plan N ranges between $85.93 in the least expensive zip code to $98.45 in the highest zip code. Those rates are for a 65 F who has given up chewing. That is a $12.52 per month difference depending on where they live.

You stated your information the correct way by using a particular zip code. I think I know you well enough that you may use a quote engine as a general guide but that you go to the rate sheet for accurate information.

 

[sman]

You are correct Frank. And for what it's worth, I went back to Ritter's site and input a different zip code (35462). Guess what rate showed up for that zip code? Give up? The rate that Jim was posting and using to say that Ritter was wrong and tried to discredit me for using his quote engine.

As was stated before, Loyal American is not the least expensive carrier in Alabama no matter how much Jim wants to shout it from the roof tops that it is. But that won't stop Jim and agents like him from pushing this product because it's "easier" to enroll someone.

I don't expect Jim to come back and admit he was wrong.

Part of this thread has been moved to the fight club:

Insurance Agent Forum

I noticed you used a specific zip code. With every company I represent the premiums are higher in metro areas than in rural areas.

For example, in Missouri a MOO Plan N ranges between $85.93 in the least expensive zip code to $98.45 in the highest zip code. Those rates are for a 65 F who has given up chewing. That is a $12.52 per month difference depending on where they live.

You stated your information the correct way by using a particular zip code. I think I know you well enough that you may use a quote engine as a general guide but that you go to the rate sheet for accurate information.

 

[sman]

What do you mean you hope I got things straight? You're the one who needs to get things straight. I specified a zip code with a rate. You came back and said it was wrong and gave a different rate. Not once did you specify a zip code. I even gave the date that my rate was effective with the carrier (06/23/2010). You kept saying Loyal refiled their rates and mine were wrong. Which is idiotic seeing that I was using rates that were approved on 06/23/2010. I have yet to see a carrier file rates and then refile them one month later. For some reason you wanted us to believe that was the case. The FACT is, my rates are correct. Why don't you come back and tell us what the rates are for zip code 35201? I will bet you all I own that the rate you give us will be the same rate I gave that you kept saying was wrong.

After running quotes for an alternative zip code (35462) I saw that you were using a different zip code than I originally used. You were misleading people with your statements.

You can justify it all you want. Every rate comparison I've done shows there are carriers that are 10% less expensive than Loyal American and that includes in West Virginia. Why would you not use United of Omaha in West Virginia? My prospects get the rates of several carriers and an explanation. Nine times out of ten they choose the cheapest rate when they understand that benefits are identical among carriers.

Another telling sign in your statement is the commission issue. When an agent makes that their priority, they are no longer working on behalf of the client.

Lastly, your concern about my using or not using 3rd party quotes is ridiculous especially now that we know Ritter's quotes are accurate. Do us all a favor and get out of the business.

Hope you get things straight Sman the new rates for loyal are competitive and that is all I said. No one company is always the lowest we just look for competitive. They are competitive with new rates in WV as well and commissions are around 25% there which makes it very attractive for agents. Not sure on the compensation in AL that was just a case we just did. Also glad you are not using 3rd parties for your quotes.

Jim Sowder
Family 1st Insurance Brokerage
304-640-8914
fax: 206-337-3753
[email protected]

 

[craig_ritter]

If I can comment in regards to my Medicare Quote Engine:

1. It's a free tool for licensed agents. I don't require agents to contract with me to use it. My intent is to provide a useful tool to all agents and if agents see the value in giving me with their business, I'll reinvest my overrides in developing more tools and services.
2. This is an "agent use only" tool, in the terms and conditions, I advise to consult a rate sheet and I don't warranty the rates.
3. The MQE had one error thus far in 2010 which I corrected the same day. MQE generates more than 1,000 quotes/day.
4. Loyal announced rate reductions on 8/7 and I posted it to my blog the same day. I had the correct rate sheet on my forms engine the next day. I'm working releasing a new piece of software on my website for licensing, so these new rates will be released on Monday.

I think Jim should pick on another FMO. There are plenty of others to pick on.

I have additional tools in my pipeline including a PDP cost estimator and electronic enrollment links for 2011. See my services and future development here. Enrollment links are only for agents appointed with me since I'm paying all of the fees for use.

OK, I'm done being self-promotional. I'll get off my can and get back to work.

 

[Frank Stastny]

What do you mean you hope I got things straight? You're the one who needs to get things straight. I specified a zip code with a rate. You came back and said it was wrong and gave a different rate. Not once did you specify a zip code. I even gave the date that my rate was effective with the carrier (06/23/2010). You kept saying Loyal refiled their rates and mine were wrong. Which is idiotic seeing that I was using rates that were approved on 06/23/2010. I have yet to see a carrier file rates and then refile them one month later. For some reason you wanted us to believe that was the case. The FACT is, my rates are correct. Why don't you come back and tell us what the rates are for zip code 35201? I will bet you all I own that the rate you give us will be the same rate I gave that you kept saying was wrong.

After running quotes for an alternative zip code (35462) I saw that you were using a different zip code than I originally used. You were misleading people with your statements.

You can justify it all you want. Every rate comparison I've done shows there are carriers that are 10% less expensive than Loyal American and that includes in West Virginia. Why would you not use United of Omaha in West Virginia? My prospects get the rates of several carriers and an explanation. Nine times out of ten they choose the cheapest rate when they understand that benefits are identical among carriers.

Another telling sign in your statement is the commission issue. When an agent makes that their priority, they are no longer working on behalf of the client.

Lastly, your concern about my using or not using 3rd party quotes is ridiculous especially now that we know Ritter's quotes are accurate. Do us all a favor and get out of the business.

I think you caught someone "speeding". That can be a pretty expensive fine in this business.

Does that mean that you are not going to, "move your stuff to a FMO that can help you" and get some of them there "best" commissions?

That is too funny. Would you call street "the best"?

 

[GreenSky]

I think Jim should pick on another FMO. There are plenty of others to pick on.

Jim is really just a bottom feeder and needs to go away. He is here simply to recruit.

Ritter rarely posts and has how many thousands of more agents than Jim? Ritter doesn't need to recruit on the forum and when he does post, he adds value.

At the risk of this going to the fight club, Jim needs to go away, fix his website, get more than 3 years of experience, figure out how to live without having to take advances forever, and basically figure out how to be something other than a forum troll.

Rick

 

[sman]

Three years? Wow. I just looked him up and he started with Bankers. That's pretty much all I need to know. Although I will give him a little credit, he was smart enough to leave them.

Hey Jim, just curious, why was your Loyal American contract canceled in May and reinstated on August 2nd?

Jim is really just a bottom feeder and needs to go away. He is here simply to recruit.

Ritter rarely posts and has how many thousands of more agents than Jim? Ritter doesn't need to recruit on the forum and when he does post, he adds value.

At the risk of this going to the fight club, Jim needs to go away, fix his website, get more than 3 years of experience, figure out how to live without having to take advances forever, and basically figure out how to be something other than a forum troll.

Rick

 

[GreenSky]

In WV they are only 2-3 bucks on plan N from Mo in WV as well Just like the one we did in AL. LOL why should We leave the business? We make good money each year and help thousand of customers and agents each year. I would never use a 3rd party to quote from. I will leave it at this anyone that has the correct rates can see the new rates from loyal are very competitive in many areas AL and WV included only 2-3 bucks on plan N from MO in most cases.

This is coming from a recruiter with 3 years of licensing who still takes advances because he's living week to week.

Jim, you have zero credibility here. Nobody with half a brain will contract with you.

My promise is that I will follow your spam posts with a warning to others to be very careful if they believe anything you write.

Perhaps it's time you left and come back if and when you have some experience in this business. Maybe 2-5 more years.

See ya!

Rick

 

[sman]

2-3 bucks? Sure thing Jim. Care to PROVE it? And not with just an isolated case. Why didn't you bother to give the rate for the zip code I gave? And why do you keep referring to Plan N? Is that the only Med Supp people purchase these days?

Let's look at some rates: (zip code 25301 - Charleston WV - Female age 65)

Loyal American Plan F - $108.55
United of Omaha - $92.49

That looks like $16.06 per month (or 17.4%)

Loyal American Plan G - $94.10
United of Omaha - $75.84

That looks like $18.26 per month (or 24%)

Loyal American Plan N - $75.96
United of Omaha - $68.91

That looks like $7.05 per month (or 10.23%)

A person could get a Plan G with United of Omaha cheaper than they could get a Plan N with Loyal American. Now which plan would be better for the client, G or N?

Now let's look at those rates in Alabama you were bragging so much about: (zip code 35462)

Loyal American Plan F - $112.32
Philadelphia American - $98.85
United World - $101.46

PA is $13.47 (or 13.62%) cheaper and UW is $10.86 (or 10.7%) cheaper

Loyal American Plan G - $97.38
Philadelphia American - $85.90
Gerber Life - $86.50
United World - $88.27

Loyal American Plan N - $78.57
Philadelphia American - $69.20
Family Life - $71.00
United World - $75.59 (finally, one that is within $3)

It's ok to admit you were wrong. You might actually gain some respect if you swallowed a little pride.

As for why you should get out of the business, because you aren't being a fiduciary to your clients.

In WV they are only 2-3 bucks on plan N from Mo in WV as well Just like the one we did in AL. LOL why should We leave the business? We make good money each year and help thousand of customers and agents each year. I would never use a 3rd party to quote from. I will leave it at this anyone that has the correct rates can see the new rates from loyal are very competitive in many areas AL and WV included only 2-3 bucks on plan N from MO in most cases.

Jim Sowder
Family 1st Insurance Brokerage
304-640-8914
fax: 206-337-3753
[email protected]

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You missed one Rick.

Need Health Ins Broker in GA

This is coming from a recruiter with 3 years of licensing who still takes advances because he's living week to week.

Jim, you have zero credibility here. Nobody with half a brain will contract with you.

My promise is that I will follow your spam posts with a warning to others to be very careful if they believe anything you write.

Perhaps it's time you left and come back if and when you have some experience in this business. Maybe 2-5 more years.

See ya!

Rick