New to Insurance and this forum

[100% ETHICAL AGENT]

Yeah.

What happens to your client with the 10k deductible and the supplemental accident if they need to have their gall bladder removed? (that's usually not an accident)

Well, if the operation isn't higher than their ded. then it would be out of pocket however everything you spend oop goes toward the ded. per calender year. After the deductible is met it covers 100% up to 25,000,000 on everything....prescriptions, doctor visits. This is major medical coverage. I deal with business owners mainly and my agency provides all my leads, materials, and training support.

 

[100% ETHICAL AGENT]

Assurant may be great for some clients, however for others it may not work. I don't sell in Florida so I'm not aware how they are price wise there. I can tell you that in Michigan they are quite a bit higher than United Healthcare. Assurant however does have more lenient underwriting than United Healthcare... and in certain situations I'll place a client with them simply because I know it will be better off for them.

That's the main point here.... no 2 clients are exactly the same. Only offering 1 company makes it tough to always do what is in the clients best interest.

Are you by any chance working with "Americas Health Team"?? I know that they only sell Assurant. Why are you only allowed to sell 1 company? Are you being provided with leads??

Well, i'm sure you already know that in the insurance business, you get what you pay for. Assurant is more expensive however it provides the most coverage per dollar than any other i have seen so far. Most policies are used due to accidents. So, if you add the AIG ded. rider for up to whatever you ded. is set at, you would only pay $100 oop then after that the Assurant 1 ded. plan covers 100% no if, ands, or buts.

 

[moonlightandmargaritas]

Well, i'm sure you already know that in the insurance business, you get what you pay for. Assurant is more expensive however it provides the most coverage per dollar than any other i have seen so far. Most policies are used due to accidents. So, if you add the AIG ded. rider for up to whatever you ded. is set at, you would only pay $100 oop then after that the Assurant 1 ded. plan covers 100% no if, ands, or buts.

I know you are new to the business, and I wish you all good luck. However at this point in your career, you don't know what you don't know.

You are drinking the kool aid from...what are they called...Executive Insurance here in Tampa?

First off, Assurant/Time doesn't provide "the most coverage per dollar". A 25 mil cap is a worthless benefit. 5 mil is MORE than adequate.

Second of all, who told you "most claims are due to accidents"? Your trainer? Due you have any hard, cold FACTS to back up this assertion?

Don't you have the insurance in case it's an accident or not?

Here's the scoop...

Assurant is virtually NON-COMPETITIVE in Florida (especially here in the Bay Area). These guys have to raise the deductibles past reasonable in order to get in the ballgame. I can offer 'em Humana with better benefits, a $2,500 deductible, and 20% less premium. THAT'S more coverage per dollar. The renewals will be about 6% vs. 20+% for Assurant/Time as well.

Based on a lot of experience - make a move before you're in too deep. If you are going to be "captive", find a good Blue Cross FL Gen'l Agy, and learn there.

 

[100% ETHICAL AGENT]

100% EA,

I wish you the best of luck. I'm also from the restaurant business and I'm just starting out as are you

Lou

Thanx bro and good luck! I love this job because i feel like i'm making a difference in people's lives with providing them with coverages that will protect families from financial stresses that life can throw at them. There are ALOT of horrible stories out there about people who thought they were covered but come to find that there are major loopholes in their policies. I feel for these people.

 

[Crabcake Johnny]

Yet your clients in FL are paying over and over again in the way of increased premiums:

Tampa: 40 male, 40 female, 2 kids - preferred - HSA:

$5,800 ded Assurant w/Suite Solutions: $620
$5,800 ded Golden Rule: $320

Difference: $300 per month or $3,600 per year

Jacking your client's premium by $3,600 every year to justify accident production is not proper.

 

[The Rabbi]

find a good Blue Cross FL Gen'l Agy, and learn there.
Great advice. I learned the most about health ins from them. Too bad the president was an *** and put us out of business.

Use the captive agency to learn the ropes and then get out on your own. Don't fall in love with the agency or the ins carriers. Be very careful about your enthusiasm. I once sold a 10k ded w/ an accident plan and the baby needed an operation. Of course, it was all OOP and a cancellation of the policy. I never sold it again to someone with children. They need a copay plan usually.

Best of luck. Remember to cross the Ts and dot the Is

 

[moonlightandmargaritas]

Yet your clients in FL are paying over and over again in the way of increased premiums:

Tampa: 40 male, 40 female, 2 kids - preferred - HSA:

$5,800 ded Assurant w/Suite Solutions: $620
$5,800 ded Golden Rule: $320

Difference: $300 per month or $3,600 per year

Jacking your client's premium by $3,600 every year to justify accident production is not proper.

No, no I love this!

I'm lickin' my chops for when I get in behind...HumanaOne with a $5,000 deductible is probably $275, AND it's a Florida filed plan to boot.

 

[Crabcake Johnny]

You don't learn the ropes with an agency that's teaching you wrong sales methods. Then when you go indie you not only have to learn the other carriers but also have to deprogram.

Learning bad habits while selling your clients the wrong products isn't the way to get into this business.

 

[100% ETHICAL AGENT]

I know you are new to the business, and I wish you all good luck. However at this point in your career, you don't know what you don't know.

You are drinking the kool aid from...what are they called...Executive Insurance here in Tampa?

First off, Assurant/Time doesn't provide "the most coverage per dollar". A 25 mil cap is a worthless benefit. 5 mil is MORE than adequate.

Second of all, who told you "most claims are due to accidents"? Your trainer? Due you have any hard, cold FACTS to back up this assertion?

Don't you have the insurance in case it's an accident or not?

Here's the scoop...

Assurant is virtually NON-COMPETITIVE in Florida (especially here in the Bay Area). These guys have to raise the deductibles past reasonable in order to get in the ballgame. I can offer 'em Humana with better benefits, a $2,500 deductible, and 20% less premium. THAT'S more coverage per dollar. The renewals will be about 6% vs. 20+% for Assurant/Time as well.

Based on a lot of experience - make a move before you're in too deep. If you are going to be "captive", find a good Blue Cross FL Gen'l Agy, and learn there.

Thanx for the heads up From what I have learned Humana has loopholes everywhere in their policies. It doesn't cover squat when it comes to cancer ,serious illness, or organ transplants. $5 mill. is nothing when it comes to these types of problems. Humana is cheaper however you get what you pay for

 

[moonlightandmargaritas]

I once sold a 10k ded w/ an accident plan and the baby needed an operation. Of course, it was all OOP and a cancellation of the policy. I never sold it again to someone with children. They need a copay plan usually.

But Rabbi, he said, "most claims are due to accidents..."