United Commercial Travelers of America

Feb 8, 2008

  1. InsuranceJosh
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    InsuranceJosh Super Genius

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    State:
    North Carolina
    Anybody know who this is? I can not find them on AMbest and they have the lowest rates in the state this year.
     
  2. moonlightandmargaritas
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    moonlightandmargaritas Guru

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    State:
    Florida
    Maybe that's why you can't find them in A.M. Best?
     
  3. senior-advisor-indiana
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    senior-advisor-indiana Guru

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    State:
    Indiana
    Probably because it is a fraternal company. There rates are decent here too and I believe they pay commissions for life instead of just 6 yrs.
     
  4. InsuranceJosh
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    InsuranceJosh Super Genius

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    State:
    North Carolina
    I just looked and the rates in 2007 for a 65yr old male on an F plan was 320 a month.

    Now they are the lowest in the state???
     
  5. allhealthandlife
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    allhealthandlife Guest


    They use to be the lowest in Florida and i wrote over 200 between 1995 - 1998 and i am faithfully still getting 7 % renewals even though i haven't wrote a piece of business since then.

    This is good opportunity to build a book business since we all know consumers mostly buy med supps on based on premium. In fact my selling tool when i was marketing UTC in Florida was theState Of Florida's Shopper Guide for Medicare Supplement that list all the plans and rates and i would show that UTC was lowest in the book.
     
  6. Cenla Agent
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    Cenla Agent Guru

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    State:
    Louisiana
    They are the lowest or among the lowest in most states, and that's including when you factor in the fraternal fee. My understanding is that their rates aren't going up this year either. They are more selective with underwriting than companies like United World and Admiral in that they don't accept insulin dependent diabetics. Another good feature is that if you fax in the app and it is on bank draft, you don't have to collect the first month's premium.

    The last time they were rated it was a C+, if I recall correctly, but they haven't been rated since about 2004. Since they are a fraternal company I don't think they have to be rated every year. They are reinsured by Gen re which I believe is A+ or A++
     
  7. senior-advisor-indiana
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    senior-advisor-indiana Guru

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    State:
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    None of my Med supp or Final Expense companies require me to collect the first months premium.
     
  8. InsuranceJosh
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    InsuranceJosh Super Genius

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    State:
    North Carolina
    same here
     
  9. Humble_Opinion
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    Humble_Opinion Guest

    The rumor I have heard on the company is that about 5 years ago they had to rate increase themselves out of contention. This might be why they are not rated with AM Best. I know that they have recently taken rate increases in several states. I do not believe NC was one of them.
     
  10. Cenla Agent
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    Cenla Agent Guru

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    State:
    Louisiana
    Not United World, or am I mistaken in thinking that you sell for them?
     
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