Attained Age Vs Issue Age in Indiana

[Newby]

I can't understand why any informed consumer would choose an issue age policy. Why would I agree to pay a LOT of extra premium in the first 10-15 years and trust the insurance company to have smaller rate increases in the later years? I prefer to pay less and then FIRE the insurance company when they get out of line and hire their competitor.

I don't care about number of increases. I care about total amount of premium paid.

 

[Guest]

With all due respect , even our boneheaded government can see this and this is wht they have the clauses I quote; Why don't u pull out someone who has been medicare a/b since ages with a g plan age 65 4years ago and pull out the percent of the raise and dollar amount. What is their rate now?Would you put them I a ter plan for estate plan or permanent plan for estate planning

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Earlier I was told, You didn't care about premium increasing. Only what they.

Do you know the rule of 72 or the rule of115?

 

[senior-advisor-indiana]

With all due respect , even our boneheaded government can see this and this is wht they have the clauses I quote; Why don't u pull out someone who has been medicare a/b since ages with a g plan age 65 4years ago and pull out the percent of the raise and dollar amount. What is their rate now?Would you put them I a ter plan for estate plan or permanent plan for estate planning

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Earlier I was told, You didn't care about premium increasing. Only what they.

Do you know the rule of 72 or the rule of115?

Do you speak English? I have no idea what you are trying to say. Are you still referencing a 2003 "Buying a Medigap Policy" guide? You do know it's 2013?

 

[Guest]

i speak Enslish and I am quite certain because you can neither stay on task or have inability research this topic fully. Please, read this thread entirely. I am not saying you but some the folks here can never see the value of an item and only see it cost.
price
When it comes time to do other types of insurance, would you quote the best or the best value? Would you rather your client have C rated company if you were selling it to seniors, or anyone else. I would welcome the opportunity because I bet we have more in common than we differ

 

[senior-advisor-indiana]

i speak Enslish and I am quite certain because you can neither stay on task or have inability research this topic fully. Please, read this thread entirely. I am not saying you but some the folks here can never see the value of an item and only see it cost.
price
When it comes time to do other types of insurance, would you quote the best or the best value? Would you rather your client have C rated company if you were selling it to seniors, or anyone else. I would welcome the opportunity because I bet we have more in common than we differ

Ok. I'll try to stay on track here.

What is the risk of a client going with a C rated company? I was quoting Cigna which I believe is A rated? Not sure on that because it doesn't matter to me. They all have to pay their claims in the same time frame.

Why do you think having the ability to get a colonoscopy every year is such huge benefit? What type of client would need a colonoscopy every year? How often is this claim utilized through pmic?

 

[Newby]

Anyone I've ever found in an issue age plan took a huge leap of faith in the insurance company. None of them came out ahead in the long run.

Some thought they would not have any rate increases.

 

[sman]

With all due respect , even our boneheaded government can see this and this is wht they have the clauses I quote; Why don't u pull out someone who has been medicare a/b since ages with a g plan age 65 4years ago and pull out the percent of the raise and dollar amount.

What specifically are you asking here? "Pull out someone who has been medicare a/b since ages" What does that even mean?

As far as someone 4 years ago on Plan G, I'll go back to June 2010 since ALL carriers started a new book of business that month. I just grabbed one real quick, she wasn't 65, she was 73 in June 2010 when she took out a Plan G. Her premium was $100.20. Today, at age 76, her premium is $121.59. That's after three annual rate increases (8% in 2011, 8% in 2012 and 6% in 2013). So what's the point you're trying to make?

What is their rate now?Would you put them I a ter plan for estate plan or permanent plan for estate planning

Again, what are you asking? I can only assume you meant to ask, "would you put them in a term plan...." instead of what is highlighted above. Just curious, what does that have to do with the topic at hand about Med Supp policies?

Earlier I was told, You didn't care about premium increasing. Only what they.

Another one of those, what are you saying moments? Only what they

Do you know the rule of 72 or the rule of115?

Again, what does this have to do with the topic at hand? We're talking about Med Supps and why a person should or should not pay a higher premium.

 

[jdeasy]

Watch out now, you are dealing with a B/D from 2003.

What specifically are you asking here? "Pull out someone who has been medicare a/b since ages" What does that even mean?

As far as someone 4 years ago on Plan G, I'll go back to June 2013 since ALL carriers started a new book of business that month. I just grabbed one real quick, she wasn't 65, she was 73 in June 2010 when she took out a Plan G. Her premium was $100.20. Today, at age 76, her premium is $121.59. That's after three annual rate increases (8% in 2011, 8% in 2012 and 6% in 2013). So what's the point you're trying to make?



Again, what are you asking? I can only assume you meant to ask, "would you put them in a term plan...." instead of what is highlighted above. Just curious, what does that have to do with the topic at hand about Med Supp policies?




Another one of those, what are you saying moments? Only what they



Again, what does this have to do with the topic at hand? We're talking about Med Supps and why a person should or should not pay a higher premium.

 

[sman]

Watch out now, you are dealing with a B/D from 2003.

I just caught an error in my post. I said June 2013. I meant June 2010. Now corrected.

I realize B/D stands for Broker Dealer, but maybe not in this case.

 

[Guest]

When you have issue age plan you have on for age for changes in medicare.....I think your omitting something not intentionall. Also, what state are you in