- 1,255
PTNA Tanks Alot
- Thread starter MedSuppPro
- Start date
- 9,744
I woulda thunk...this has been going on for ten years!
As a matter of fact, I warned about it in another thread just a few weeks back.
I hate to say I told you so, but I told you so.
- Staff
- #3
- 1,704
Probably 90% of the companies are operating on a thin margin.
Underwriters
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(Sorry about that) Meant to say that most companies are losing ground financially unbeknowst to us.
Today, National Underwriters posted a short article about the Dutch government adding billions to prop up Aegon....because they had losses and they didn't want them to falter. Now i'm waiting to hear about Big Orange.
Come on....this whole financial services thing is a house of cards.
Underwriters
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(Sorry about that) Meant to say that most companies are losing ground financially unbeknowst to us.
Today, National Underwriters posted a short article about the Dutch government adding billions to prop up Aegon....because they had losses and they didn't want them to falter. Now i'm waiting to hear about Big Orange.
Come on....this whole financial services thing is a house of cards.
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Didn't anyone read my post about PTNA back last May?
- 1,704
Anyone here know anything about Penn Treaty offering buy-outs to existing clients who have lifetime benefits on LTC?
One of my clients called to say her Penn Treaty letter offered a refund of half of her past paid premiums, minus any claims, if she turned in her policy. Does this ring true? She does not have non-forfeiture riders, to my recollection on the LTCTP 6500.
So how would that affect any past paid commissions, I wonder?
One of my clients called to say her Penn Treaty letter offered a refund of half of her past paid premiums, minus any claims, if she turned in her policy. Does this ring true? She does not have non-forfeiture riders, to my recollection on the LTCTP 6500.
So how would that affect any past paid commissions, I wonder?
- 1,704
Just found out they will not be paying renewal commissions on existing business starting in July 09
