Costco?
- Thread starter jacodaro
- Start date
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- #2
How can they accept lower commission? Or more importantly, how can they offer the same plan for a different premium? I thought all states were pretty universal in the fact the premium is the premium is the premium, no rebating or discounting.
Of course, they may have a separate plan that is a 'Costco' plan, that can only be sold by associations with over 100,000 members, etc, etc, etc, where the carrier gives a break because the commission is lower. They would still need a licensed agent to be selling it.
Dan
Of course, they may have a separate plan that is a 'Costco' plan, that can only be sold by associations with over 100,000 members, etc, etc, etc, where the carrier gives a break because the commission is lower. They would still need a licensed agent to be selling it.
Dan
- 15,319
The first part of this is not true. There is an exclusive product for Costo members which can be sold by agents at a reduced commission. There is one general agency that has the arrangement - sort of like AARP did with UHC for the med supp. You can write it but I think it pays 5% (in Calif).
That being said, it's no better than what you can get elsewhere.
Rick
- Thread starter
- #7
- 10,275
Actually, it is available in four other states (Hawaii, Oregon, Nevada & Washington).
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- #9
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