- 1,240
Has anyone ever tried to move their Continental Life Medicare supplement business to another insurance carrier.
I had written a group of retiree's Continental Life's Plan F Medicare supplement because they had lost their group health coverage. They were all guaranteed issue plans because they lost their group coverage.
Now, 4 or 5 years later, Continental Life has had some big rate increases, and there are other companies with lower premiums that I'd like to switch them to. However, I've been told that if I do this, Continental Life will charge me, the agent, the annual premium for each person that I move.
I don't know how they can do this. I have never heard of another insurance company doing this.
Any suggestions????
I had written a group of retiree's Continental Life's Plan F Medicare supplement because they had lost their group health coverage. They were all guaranteed issue plans because they lost their group coverage.
Now, 4 or 5 years later, Continental Life has had some big rate increases, and there are other companies with lower premiums that I'd like to switch them to. However, I've been told that if I do this, Continental Life will charge me, the agent, the annual premium for each person that I move.
I don't know how they can do this. I have never heard of another insurance company doing this.
Any suggestions????