Replacing a Med Supp that is Not Yet in Effect?

Jul 10, 2015

  1. finalexpenseguru
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    finalexpenseguru Super Genius

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    I am replacing a CP (Bankers Life) supp that is scheduled to go in effect 9/1/15 when she turns 65. Technically she is not replacing existing coverage because it is not in effect yet. The question is "do you have existing or in force coverage that you are replacing?" I assume I answer no? Heartland is the carrier I am writing her.
     
  2. MedicareAgent
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    MedicareAgent Guru

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    its not "in force" yet so go get em
     
  3. G.Gordon
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    G.Gordon Guru

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    You assume correctly. It is not in effect, therefore, NO to that question and you don't need the replacement form.
     
  4. finalexpenseguru
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    finalexpenseguru Super Genius

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    great thanks! Makes it easy :) :) She would have paid $102 per mth. Heartland was $75. Also replacing her overpriced BLC life policies.
     
    Last edited: Jul 10, 2015
  5. G.Gordon
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    G.Gordon Guru

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    Nice payday, good job!!
     
  6. sshafran
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    sshafran Guru

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    The Final Expense Guru becomes the Medicare Supplement Guru.

    Kudos.

    Being able to do both is rewarding. :biggrin:
     
  7. vic120
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    vic120 Guru

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    No replacement needed, But if a replacement was needed its a very powerful too to show same cove but lower premium on replacement form. You can usually always do that against bankers
     
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