Settlers is Gone!
- Thread starter rousemark
- Start date
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- 4,307
I didn't get an email! I'm glad I saw these threads! I have an appointment on Tuesday who specifically asked for Settlers. I guess I'll figure it out by then!
- 4,307
It just occurred to me that I have another client who's due for a review. I originally wrote her a FE policy with Citizens Security, who were also acquired by NGL and shut down immediately. So when I reviewed her last time, I wrote her a Settlers policy. She gone get suspicious if I tell her that company's getting shut down, too!
- Thread starter
- #5
Just tell her truth.. They aren't shut down, they just aren't accepting new business and her current policy will remain in force, doing the exact same thing it was designed to do.It just occurred to me that I have another client who's due for a review. I originally wrote her a FE policy with Citizens Security, who were also acquired by NGL and shut down immediately. So when I reviewed her last time, I wrote her a Settlers policy. She gone get suspicious if I tell her that company's getting shut down, too!
- 17,077
It just occurred to me that I have another client who's due for a review. I originally wrote her a FE policy with Citizens Security, who were also acquired by NGL and shut down immediately. So when I reviewed her last time, I wrote her a Settlers policy. She gone get suspicious if I tell her that company's getting shut down, too!
Man I miss Citizens Security. That was the last holdout company that didn't charge more for smokers. They were high on non-smokers but unbelievably low on smokers.
That entire book of business has to be smokers paying way too low of premiums.
- 4,130
Was citizens security all debit business?
- 17,077
No. They had an FE product that independents could sell. Pretty average over all BUT no rate up for smokers. That was a huge niche. They didn't understand that no independent agent was going to put any non-smokers with them. Somehow that never occurred to them.
- 4,130
It's amazing how clueless some companies are. I've said if they'd just pay one of us 150k we'd solve a lotta problems.
- Thread starter
- #10
It is amazing how they don't consider the effect adverse selection will have on product'
