Protect UHC Renewals with a Corporation?

[AttillaTheOne]

As an ICA with UHC, I am looking for advice on which might be the best type of Corporation to create in order to protect my renewal income in case of my death.

I love the idea of finally built my biz to the point of getting renewal income each month but recently realized, if I go to the bright white light, UHC keeps the GREEN.

Leaning towards a Chapter C corp and getting writing number for that corp and putting all future business under it. Ideas Please???

Thanks in advance for your advice. Feel free to PM if you need.

 

[Crabcake Johnny]

Who's going to manage your clients?

 

[TXINSURANCE]

You need to sit down with an attorney and CPA at same time. Same room. There are so many variables and plus minus of each both in regards to liability and taxation.

Then there is the fun of getting your company licensed and appointed and all the associated fees.

Small price to pay in the scope of business.

 

[Norwayguy]

Stupid question, but once your in that white light who is going to be recertifying for those plans each year...or has the rules changed?

 

[AttillaTheOne]

Hi Peter,

From the white light, my understanding is that there is a need to RECERTIFY to SELL !!!!
Not to collect renewals.

Thanks for the question.

And by the way, your great granddad is here and he was hoping you had become a piano player in a whorehouse and NOT an insurance agent.!!!! HE IS PISSED!!!

 

[Norwayguy]

Hi Peter,

From the white light, my understanding is that there is a need to RECERTIFY to SELL !!!!
Not to collect renewals.

Thanks for the question.

And by the way, your great granddad is here and he was hoping you had become a piano player in a whorehouse and NOT an insurance agent.!!!! HE IS PISSED!!!

I asked the question because I have as little to do with CMS as possible, however I thought I had seen some bs from carriers that you had to be recertified to continue recieving commission....

Oh could you ask my Great Granddad how he felt about his son becoming an Insurance Agent?

 

[policy doctor]

I have been notified by several carriers that you must be certified by them to receive renewal commissions for that year. Today's Options, Arcadian, UHC come to mind.

 

[GreenSky]

From the white light, my understanding is that there is a need to RECERTIFY to SELL !!!!
Not to collect renewals.

Your understanding is incorrect. CMS requires recertification to receive renewal commission.

Rick

 

[AttillaTheOne]

Your understanding is incorrect. CMS requires recertification to receive renewal commission.

Rick

Thanks for the info Rick.
Do you have a reference for that?

My upline seems to think the same way I do, that recerts are for selling and not for renewals.

In all seriousness, does anyone build a successful insurance business marketing Medicare Supplements and or MAPDs and leave it to chance that all their hard work will not be able to be left to their heirs?
FRANK????

 

[GreenSky]

Thanks for the info Rick.
Do you have a reference for that?

My upline seems to think the same way I do, that recerts are for selling and not for renewals.

I know I've seen this elsewhere, but here's what Aetna has to say:

All producers are required to complete the certification program and be licensed and appointed before engaging in any sales-related activities involving Aetna Medicare Individual plans (MA, MAPD, PDP). In addition, producers must successfully complete this certification program to receive renewal commissions in 2011 for Aetna Medicare Individual plans.

This is a CMS rule, not Aetna's.

Rick