I don't have much left for them to pay. All of the med-supps have either switched or lapsed, except one. I'm probably left getting $100-$150 a month in renewals.
Shenandoah Life Sales Suspended
- Thread starter Joe Moore
- Start date
I don't have much left for them to pay. All of the med-supps have either switched or lapsed, except one. I'm probably left getting $100-$150 a month in renewals.
I've had a couple of small death claims since they went under. They paid right away.
I don't blame any agent for switching someone that had a sizable policy with them. In this economy I'm not sure they will ever be bought. Odds are they will, but there's a chance they won't.
Hogfish
New Member
What companies are you replacing them with?
- 106
I dumped them a long time ago for the same reason. They were a very annoying company to deal with. I'm not surprised they ended up like this.
- 19,667
- 17,077
I would not be surprised if ForeThought was a buyer for Shenandoah. They each have products that the other was headed toward. ForeThought would like to have the additional life products and med sups. Shenandoah was just begining to get into funeral Preneed insurance when they hit the wall.
- 4,875
Did Shenandoah's super cheap rates help cause their predicament?
- 19,667
I wouldn't think so. Their rates were not super cheap. They wee middle of the pack.
If better rates were the downfall of a company, how would you explain RNA being around for 20 years longer than LH and counting?
What caused their downfall was investing in Fannie Mae/Freddie Mac.
Similar threads
Latest posts
-
-
Anybody familiar with applying for Medicare Savings Program in Ga. ?
- Latest: Special Agent
