- 14,808
You can tell your RSD that he needs to check again if he's saying Assurant STM will cover a pro athlete who lives outside the US nine months of the year.
STM
- Thread starter somarco
- Start date
- 14,808
This is from the agent STM guide:
1) He needs to be a U.S. citizen with at least 1 year on the country
2) Hazardous activities and occupations aren't covered. Now it says college sports aren't covered but I don't think it's a stetch to assum pro athletes also aren't covered.
1) He needs to be a U.S. citizen with at least 1 year on the country
2) Hazardous activities and occupations aren't covered. Now it says college sports aren't covered but I don't think it's a stetch to assum pro athletes also aren't covered.
- Thread starter
- #13
He is a US citizen. The Time STM app for GA makes no mention of a residency requirement which is why I asked the RSD. I have it in writing from him. Sent him a follow up email to confirm.
Even if that is shot down, I still have KP and Petersen as options.
Frankly, he would be better off with KP.
Even if that is shot down, I still have KP and Petersen as options.
Frankly, he would be better off with KP.
- 14,808
All I'm saying it is clearly says it doesn't cover professional or non-professional sports. And the residency requirements aren't on the app but in the agent guidelines.
- Thread starter
- #15
Update.
After reviewing both the KP coverage and the STM from Time, the client has opted for the KP plan.
Neither plan has a residency requirement nor occ exclusion. This has been confirmed in writing from both carriers as well as a review of explicit language in the appropriate agent guide and application.
The KP coverage, while more expensive, is far superior in benefits.
Thx for the feedback.
After reviewing both the KP coverage and the STM from Time, the client has opted for the KP plan.
Neither plan has a residency requirement nor occ exclusion. This has been confirmed in writing from both carriers as well as a review of explicit language in the appropriate agent guide and application.
The KP coverage, while more expensive, is far superior in benefits.
Thx for the feedback.
- 14,808
What scares me is your RSD said STM would take him. Very odd.
- Thread starter
- #17
Yeah, I know.
He only has 14 years in the industry, 8 with Time. You would think if anyone would know how to read the agents STM guide and application he would.
I only have 32 years in the industry and 20+ years of dealing with Time.
You would think I would know better too.
Scary as Hell.
He only has 14 years in the industry, 8 with Time. You would think if anyone would know how to read the agents STM guide and application he would.
I only have 32 years in the industry and 20+ years of dealing with Time.
You would think I would know better too.
Scary as Hell.
- Thread starter
- #18
