Out of curiousity, what state are you writing in?
Most carriers frown on trying to do IFP's as a group replacement. Doesn't mean it can't be done.
This question is asked about once a month on the board. You'll get every answer under the sun.
Once you've been down the group vs IFP route a few times, you'll usually know in about 30 seconds of talking with the decision maker which way to go. Now, a lot of agents don't like writing group, some don't like writing IFP. it all depends. As you can tell in the conversation, it also varies by state.
In my experience, once you have over 10 employees, the discussion is always group. I know people will push IFP above that number, but you'll almost always run into at least 1 in 10 that have an issue that makes group a better deal overall (i.e, high cholestoral, overweight, high blood pressure, depression history, etc, etc, etc, all the same person....)
There are also tax complications if you go the IFP route. This can be addressed, but it's part of understanding the differences.
Dan
Most carriers frown on trying to do IFP's as a group replacement. Doesn't mean it can't be done.
This question is asked about once a month on the board. You'll get every answer under the sun.
Once you've been down the group vs IFP route a few times, you'll usually know in about 30 seconds of talking with the decision maker which way to go. Now, a lot of agents don't like writing group, some don't like writing IFP. it all depends. As you can tell in the conversation, it also varies by state.
In my experience, once you have over 10 employees, the discussion is always group. I know people will push IFP above that number, but you'll almost always run into at least 1 in 10 that have an issue that makes group a better deal overall (i.e, high cholestoral, overweight, high blood pressure, depression history, etc, etc, etc, all the same person....)
There are also tax complications if you go the IFP route. This can be addressed, but it's part of understanding the differences.
Dan