Name one company that tripled their rates this year.
1000’s of p&c agents moving into Medicare
- Thread starter DonP
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- 30,315
Almost all Med Supps pay commissions on original premium, not on premium increases.
- 30,315
When I have to renew a DI policy (which is not often b/c most are non-cancelable), I get paid renewals on the increased premium.
- 30,315
That would be nice.
Thousands of agents, including me, left the U65 health insurance market when Obamacare rolled out.
Some stayed, most didn't.
Unless they are pushing a product that is in a race to the bottom and offering more free stuff this year than last, then they won't last long. They will steal policyholders looking for the next good deal but clients are harder to move.
One more thing . . .
The sky is falling and we will all die
Some stayed, most didn't.
Unless they are pushing a product that is in a race to the bottom and offering more free stuff this year than last, then they won't last long. They will steal policyholders looking for the next good deal but clients are harder to move.
One more thing . . .
The sky is falling and we will all die
the P&C agents moving in is mostly temporary. The mentality of an P&C agent and a L&I agent is totally different.
the product is totally different.
The only similarity they have is that they share the name "insurance"
once the P&C market recovers, most the agent will return to P&C and never look back
the product is totally different.
The only similarity they have is that they share the name "insurance"
once the P&C market recovers, most the agent will return to P&C and never look back
- Thread starter
- #18
Name one company that tripled their rates this year.
I’ve read some agents saying that . My State Farm rates up about 75% last 3 yrs with no wrecks . I have a few cars with another carrier that only went up 15% in that time . I’ve read stories of homeowners rates in disasters areas doing some doubles and triples . A equation we’re seeing big the last few yrs on some areas we didn’t see much before is fires .
talk to homeowners in Pinellas County Florida, or even worse Dade County. You will hear stories by the thousands of rates doubling, or triplingName one company that tripled their rates this year.
- 30,315
I had the impression you were talking about Med Supps.
My State Farm just went up for the 1st time in years, also no accidents. Went up 15%.
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