Critical Illness

[arnguy]

Is anyone on this forum selling Critical Illness coverage (as stand alone)? I would appreciate any comments.

 

[CHUMPS FROM OXFORD]

Metlife used to have a contract. Simple coverage. Simple rate calculations.

It became available around 2003 and disappeared in 2006.

 

[johnrocks]

do u mean like heart attack strokes cancer type policies if so gtlic has one but i have never sold one i have spoken to other agents who have(so they say) been pretty successful with them especially with the lower income people who can't afford a lot

 

[BKrocko]

GTL - Guarantee Trust Life Ins. Co., has a product that serves a duel purpose of CI combined with a 10 yr. term life. K-Dub has had success with this product as an add on to individual health policies. Reasonable cost for the right age bands.

.............Sorry Johnrocks - I didn't see your post prior to this one.

 

[johnrocks]

that's ok glad u posted maybe i will start sharing this product with some of my clients if they are in the age bands

 

[arnguy]

I was thinking more along the line of stand-alone coverage of many different major illnesses.

 

[somarco]

MoO has (had?) an outstanding product. Only one I have seen that is a true health product.

http://www.mutualofomaha.com/criticalillnessinsurance/index.html

Most of the rest are built on a life product (GTL, Colorado Bankers, etc.)

Loyal American has one that is a rider to an Accident plan.

Assurity has one that seems to be decent. Not approved in GA so I haven't studied it that closely. Their plan might be a health product.

Frankly, if you look at the way the products are worded, chances of anyone collecting is slim. I think most of the CI products are more sizzle than steak.

http://www.westernsouthernlife.com/ps/ProductSubCategoryList.asp?sCategoryId=1004

http://www.unitedamerican.com/cancer_uaoffers.asp

 

[James]

You also have AIG Quality of Life policy or the Flex Pro Plus plan. I'm not sold on it yet, some words being used in their own brochures seems a bit weasley. http://www.americangeneral.com/lifeinternet2000/careerweb.nsf/contents/products_qualityoflife looks promising, think I'll need to study this one a little bit more.

 

[arnguy]

Thank you somarco and james.

 

[Biggz33]

arnguy,

I've sold CI policies stand alone with United American and now with Mutual of Omaha. I like MofO's muchhhh better though. Let me know if you want more info.