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What is the average premium for a company to charge for a client. I know it ranges from person to person but generally speaking what is the average?
What is the average premium for a company to charge for a client. I know it ranges from person to person but generally speaking what is the average?
Maybe Scott, Arthur or Bill can chime in.
Newguy, This might be a backward way to answer your question, but what I see a lot is consumers WANT their premium to be within $2000-$3000 per person.
So to get where a consumer wants to be an indy agent might use 4% or 5% inflation on the relatively inexpensive policies like Genworth or Omaha policy; a John Hancock agent might scale back benefits to only include CPI inflation. A State Farm agent might use simple inflation instead if compound to get its policy in a buyable range. A Northwestern agent might not recommend ANY inflation, i.e. purchase option. Anyway, this is what I see happening. Maybe Scott, Arthur or Bill can chime in.
Long Term Care Insurance Quotes, Reviews, Ratings & Costs - LTC Partner
I see the same thing. Partnership and cash plans have so many advantages and yet clients tend to gravitate towards "light" plans. It's not always a bad deal...after all, some coverage is still better than none.
Could you tell me what a "light plan" is? Thank you.
It is a made up term...I was just referencing clients taking policies with benefits less than those required of partnership plans.