2013 Equitable L&C Rate Decrease

Is their underwriting really easy?
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Question for the ones who got their commission rate dropped. Is it just on new business or also on older polices?

They can't change the commission rates on inforce polices. The commissions are contractually guaranteed. You will make less commission becasue the client pays less premium but they can't reduce the rate.
 
They had better get ready for adverse selection. The only business they will get from me are things I can't place anywhere else.
Diabetics, Rhematoid,Chronic breathing conditions not treated by Oxygen. They are trying to shave the agent and it's will bite them.

You sometimes wonder how carriers managed to survive this long with stupid moves like this.

And writing this business, even with underwriting, means there will be pressure to raise rates in the future.
 
I wouldn't think they should lower your commissions on in force business just because they lower their rate. You don't see companies paying higher commissions because the rate goes up on existing clients.
 
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