Pan American Med Supp instant approval

[Devin01]

I just picked up Pan American, I know another Med Supp...

They are in the middle of refiling their rates, should be the lowest in many areas.

Anyway what I was told was their app for underwritten business has the ability to approve on the spot based on the rxs you add. So, no telephone interview if the client is"clean."

To my knowledge they are the 1st to bring this technology to the market.

THEY should be very very competive in alot of states.

 

[XpressInsurance]

Mutual of Omaha auto approves applications all the time, don't think that is new technology.

 

[Devin01]

I may be wrong here but it is my understanding this for open emeollmemt business with MOO, not an underwritten case.

I just did an underwritten case and it was assigned to an underwriter. PanAm will be approved an u derwritten case in 2 minutes if the client is not taking to many meds. This is great if u r doing phone sales.

 

[XpressInsurance]

I rewrote my parents in MOO 2 months ago both were auto approved within hour, no underwriter assigned. They are 79 & 80, both take 1 BP med & cholesterol, no health issues. I get this a lot with MOO. I know this is not just me, they have internal system that reviews it for auto approval, they have done this for at least 7-8 years that I remember.