Got this email today....
"Dear Valued Agent: Genworth recently notified the Florida Office of Insurance Regulation that we are withdrawing our Florida Medicare Supplement product on three Genworth Financial underwriting companies (American Continental Insurance Company, Continental Life Insurance Company of Brentwood, Tennessee, and Genworth Life and Annuity Insurance Company). The withdrawal requires that we no longer market the product after October 1, 2009. Upon receipt of this notification, agents should no longer be marketing the Genworth Medicare Supplement or Medicare Select products in Florida.
This change will not impact our existing Florida Medicare Supplement or Medicare Select policyholders or their premiums. Our valued Florida policyholders will continue to receive the same professional level of customer service they enjoy today.
Agents will continue to receive commissions on all active policies previously issued in Florida based on the commission schedule in effect at the time the policy was written.
Agents who have Medicare Beneficiaries who wish to apply for coverage must read the attached News Flash Bulletin #10709.
Call our Agent Services Team at 800 445.4254 (Option 2 Sales) should you have any questions.".........
I haven't written any med-supps for Continental Life in Florida since 2006. Rates are too high....15% commission w/a 6 month advance...phone interviews on every application after the company receives it...interest charged on advance.
Continental Life has nothing left in Florida.
"Dear Valued Agent: Genworth recently notified the Florida Office of Insurance Regulation that we are withdrawing our Florida Medicare Supplement product on three Genworth Financial underwriting companies (American Continental Insurance Company, Continental Life Insurance Company of Brentwood, Tennessee, and Genworth Life and Annuity Insurance Company). The withdrawal requires that we no longer market the product after October 1, 2009. Upon receipt of this notification, agents should no longer be marketing the Genworth Medicare Supplement or Medicare Select products in Florida.
This change will not impact our existing Florida Medicare Supplement or Medicare Select policyholders or their premiums. Our valued Florida policyholders will continue to receive the same professional level of customer service they enjoy today.
Agents will continue to receive commissions on all active policies previously issued in Florida based on the commission schedule in effect at the time the policy was written.
Agents who have Medicare Beneficiaries who wish to apply for coverage must read the attached News Flash Bulletin #10709.
Call our Agent Services Team at 800 445.4254 (Option 2 Sales) should you have any questions.".........
I haven't written any med-supps for Continental Life in Florida since 2006. Rates are too high....15% commission w/a 6 month advance...phone interviews on every application after the company receives it...interest charged on advance.
Continental Life has nothing left in Florida.