Montana2
Expert
Which is why Agents should concentrate on other things. ( and let UoO work through their backlog, which does not really affect the writing agent)
United of Omaha Underwriting
- Thread starter VaDwayne
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Which is why Agents should concentrate on other things. ( and let UoO work through their backlog, which does not really affect the writing agent)
It is a Plan N in Utah so it's not actually GI, but there are no health questions. I don't know if that makes a difference at all. And no, I wasn't told to cancel it early. My first sale was today, and I didn't know any better. lol I didn't cancel his old policy yet. I'm working with Frank, so I think I'm in good hands. I just thought I would ask you guys real quick. I appreciate your help and sorry to the OP for hijacking the thread!
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The last several UW/MoO and Gerber apps I have taken I have pushed the effective date out an extra month and I have emphasized when I took the apps that they will take 5-6 weeks for processing due to the backlog. I have just been honest from the outset and tried to create a realistic expectation. Seems to work.
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Its hard to adivse them when it will be issued when they issue some in 3 or 4 days and others just sit there for a month
- Thread starter
- #15
Congratulations on the sale!!! In normal times you could get an app approved by 8-1, but these are not normal times, so plan on 4 weeks to get the approval.
I was the O.P. so it's cool.
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I write MOO/UO/UW, as well as AARP/UHC and others. I am relating this just to contrast a recent experience: I met with a client 6/30, signed her up with an effective date of 7/1 (Plan N, GI), and overnighted the app to UHC. AARP/UHC issued the app 7/2 with an effective date of 7/1. I got my commission statement 7/11 with the credit on her sale. All this, and one page with required signature missing! I faxed in the missing signature on 7/11 (coincidental date) to missing document fax number.
Two big things stand out: 1) Overnighting cost me about $25, but got the job done. 2) A company can issue a policy without a so-called "required signature" if they want to. In AARP's case, 3 signatures are required on the app, along with a dozen or so for membership, EFT, HIPPA, etc., etc. I missed the one signature of 3 required (each on a separate page) on the application.... not for related items.... the application. However, I did call in my oversight when I got back to my office on 6/30, and was told not to worry, but send the signed page in ASAP. They made good on their word.
One other thing: I disagree with pushing the effective date for a policy out just to avoid hassles with long UW approval times. If the company's producer manual provides effective dates soon after application, I would not want my client to pay additional monies to a policy they are replacing, or go without insurance (God forbid!) just so that I won't be hassled with questions about "Am I covered?". The agent must rely on the rules, and if the rules are met, give the client the effective date they request. Let the insurance company explain why they won't give the effective date requested, if they don't. I have yet to NOT get the requested date, but perhaps some of you have... I would like to know your situation for my own benefit.
Two big things stand out: 1) Overnighting cost me about $25, but got the job done. 2) A company can issue a policy without a so-called "required signature" if they want to. In AARP's case, 3 signatures are required on the app, along with a dozen or so for membership, EFT, HIPPA, etc., etc. I missed the one signature of 3 required (each on a separate page) on the application.... not for related items.... the application. However, I did call in my oversight when I got back to my office on 6/30, and was told not to worry, but send the signed page in ASAP. They made good on their word.
One other thing: I disagree with pushing the effective date for a policy out just to avoid hassles with long UW approval times. If the company's producer manual provides effective dates soon after application, I would not want my client to pay additional monies to a policy they are replacing, or go without insurance (God forbid!) just so that I won't be hassled with questions about "Am I covered?". The agent must rely on the rules, and if the rules are met, give the client the effective date they request. Let the insurance company explain why they won't give the effective date requested, if they don't. I have yet to NOT get the requested date, but perhaps some of you have... I would like to know your situation for my own benefit.
Maybe they will get caught up soon on Medicare Supplement applications
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American Seniors Insurance
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American Seniors Insurance
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Yup. Slow as mud over there. I'd rather write Gerber, but have been writing Sentinel here in Texas until things improve. Sentinel is turning business around inside of a week.
Comp is a little better too; I just don't know if I trust the product long term. We'll see.
Comp is a little better too; I just don't know if I trust the product long term. We'll see.
