Stonebridge/Transamerica Plan F Rate Increase in MO

Dec 8, 2015

  1. plannerman
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    plannerman Super Genius

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    Since they are taking 15% for 1/1/16 we are searching for a GI contract that will pay full commission. Does Manhattan life pay full commission on anniversary GI business in MO? What is a street level contract (mind you I will be looking for more than street). Do you have any other ideas specific to the plan F for GI?

    Thanks everyone!
     
  2. GreenSky
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    GreenSky Guru

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    I thought anniversary rule was open enrollment and paid full commission. I don't sell in MO but am I wrong? (Went all of 2015 being correct and hate to break that streak).

    Rick
     
  3. plannerman
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    plannerman Super Genius

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    We often get paid a flat $25 in MO for the annual anniversary GI option. The MO Dept of Insurance refers to it as your "Guaranteed Issue Rights."

    So I guess I hate to be the guy to break it to you this late in the year, but you are wrong:err:
     
  4. kstein
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    kstein Guru

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    What zips do you sell in MO? Anthem is competitive and will GI to Plan N on anniversary. They pay full commission also but you have to get to 25 cases before they do.
     
    kstein, Dec 8, 2015
    #4
  5. mchris
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    mchris New Member

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    Manhattan pays full comp on anniversary. However their Plan F commissions are somewhat low, they pay much better on Plan G.

    Combined is pretty competitve is well and pays alright, Mutual pays best but is really only competitive with the household discount.
     
    mchris, Dec 8, 2015
    #5
  6. Todd King
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    Todd King IMO/FMO Owner

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    This straight off of their street commission schedule:

    MO
    Plan Age Policy Years Policy Years
    1 - 6 7 - 10
    Plans ** All AGES (0+) 12% 2%
    **All Plans or ages may not be available in all states. Please refer to individual rate sheets for plan availability.
    Plan Age Policy Years Policy Years
    1 - 6 7 - 10
    Plan G All AGES (0+) 17% 2%
    CS 011-06 MO Compensation for GI (Guaranteed Issue) business will be reduced by 25%
     
  7. Newby
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    Newby Guru

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    I noticed in an Oxford email that states that have the birthday rule pay as GI.
     
    Newby, Dec 9, 2015
    #7
  8. midwestbroker
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    midwestbroker Guru

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    Here are some companies to consider:

    Manhattan Life
    UHC
    Mutual of Omaha (replacement commission but better than $25)
    American Continental

    Shameless self promotion warning: If you want to talk to someone, call Senior Marketing Specialists (in Columbia, MO) at (800) 689-2800
     
  9. GreenSky
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    GreenSky Guru

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    If you mean CA that was the case. You can thank me for Oxford reversing that and paying full comp.

    They saw the light and agree it's open enrollment, not GI.

    Rick
     
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