Replacing Supps

Sep 17, 2015

  1. smokin goose
    Offline

    smokin goose Guru

    Posts:
    2,963
    Likes Received:
    3
    State:
    Kentucky
    Is it true that a supp can be reinstated the first 30 days after they cancel? Or would it be safer to just stop the draft like on FE?
     
  2. goillini52
    Offline

    goillini52 MAGA...Eat More Bacon & BUILD THAT WALL!!!

    Posts:
    18,426
    Likes Received:
    4,693
    State:
    Illinois

    Stop the draft and let it lapse. That way if something does go wrong, you can always put it back on draft for them.
     
  3. GoPokes
    Offline

    GoPokes Guru

    Posts:
    1,216
    Likes Received:
    153
    State:
    Oklahoma
    Id stop the draft until my new medsupp is approved for sure. But after I know mine is approved, I do call (w the client) and cancel the old one.

    Dont want to take a chance of both carriers paying claims and the client being double billed
     
    GoPokes, Sep 17, 2015
    #3
  4. goillini52
    Offline

    goillini52 MAGA...Eat More Bacon & BUILD THAT WALL!!!

    Posts:
    18,426
    Likes Received:
    4,693
    State:
    Illinois

    A couple of years ago, I was replacing a MOFO Plan N with an AFLAC Plan F(they were the only company he could qualify for). AFLAC called me to let me know the guy had been approved. I asked them if I could go ahead and tell him he'd been approved and they said yes...so I did. 3 days later I get an e-mail telling me they needed more info from his doctor. I went round and round with them, telling them they'd already approved it. Didn't do any good. To make a long story short, they declined him. He was pissed and so was I. I would never do business with that company again! Hell, they only lasted about a year.

    Anyway, that just reinforced to me why I won't cancel.
     
  5. smokin goose
    Offline

    smokin goose Guru

    Posts:
    2,963
    Likes Received:
    3
    State:
    Kentucky
    The reason I ask is I had a client that I replaced. We called the company together and she told them to stop draft and put her on quarterly direct bill.

    Instead, they drafted her account quarterly. She called me frantic about it. We called back and she, of course, got the full refund because the first call was recorded.

    I definitely want to avoid that happening in the future though.
     
  6. Justin Bilyj
    Offline

    Justin Bilyj Guru

    Posts:
    4,982
    Likes Received:
    106
    State:
    Ohio
    Seniors can be funny like that...they were gonna pay the bill either way
     
  7. smokin goose
    Offline

    smokin goose Guru

    Posts:
    2,963
    Likes Received:
    3
    State:
    Kentucky
    You obviously don't understand what I mean.
     
  8. senior-advisor-indiana
    Offline

    senior-advisor-indiana Guru

    Posts:
    11,282
    Likes Received:
    210
    State:
    Indiana
    I think he has been binge drinking. He started a thread wanting underwriting advice and never came back...
     
  9. Justin Bilyj
    Offline

    Justin Bilyj Guru

    Posts:
    4,982
    Likes Received:
    106
    State:
    Ohio
    Thats absurd, I dont binge, I am quite consistent with my consumption...

    With regards to the thread I abandoned, I knew my answer as I posted it, only one more conpany to try, only AARP doesnt offer plan G, only plan N and F.
     
  10. senior-advisor-indiana
    Offline

    senior-advisor-indiana Guru

    Posts:
    11,282
    Likes Received:
    210
    State:
    Indiana
    There is another company worth considering...
     
Loading...