Yearly Discount?

Apr 22, 2008

  1. Krono
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    Do any individual carriers offer a discount if premium is paid 1 year in advance?
     
    Krono, Apr 22, 2008
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  2. STIBROKER
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    STIBROKER Like My post and enter the DRAWING,,,, Moderator

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    what kind of individual carrier.....
     
  3. Krono
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    Uh...this is in the Individual Health Insurance Forum Section.

    You know, the usual suspects...Unicorn, BC/BS, Humana, GR, Celtic, Assurant & Aetna.
     
    Krono, Apr 22, 2008
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  4. STIBROKER
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    STIBROKER Like My post and enter the DRAWING,,,, Moderator

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    not only no but they would not take a annual payment.......
     
  5. senior-advisor-indiana
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    Are talking about 2 years in advance or just paying one annual premium?
     
  6. Krono
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    1 annual.

    BTW...I checked w/Unicorn. They will take an annual payment via cc, but no discount...12 x monthly...
     
    Krono, Apr 22, 2008
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  7. senior-advisor-indiana
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    Thats wierd. I "assumed" that it would be cheaper to pay annual. SOme of my senior market companies are like that.
     
  8. jbage007
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    Would you stop pacing up and down for a second and listen to me?

    Well, ok never mind.

    Yes, those companies DO take annual payments, but no discounts (that I know of).

    Why?

    The discounts have to be made up for with ROI on the dollars collected up front. Returns are so miserably low that companies were actually losing $$ by encouraging people to pay 12 months up front by offering a discount. If they offered a realistic discount, nobody would jump on it, so they just basically blew it off.

    Of course, I'm sure they might be willing to cut your commish in order to provide greater discounts.
    :idea:
     
    jbage007, Apr 22, 2008
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  9. senior-advisor-indiana
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    I would LOVE that!!
     
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