- 184
Anybody know who this is? I can not find them on AMbest and they have the lowest rates in the state this year.
United Commercial Travelers of America
- Thread starter InsuranceJosh
- Start date
- 9,744
Maybe that's why you can't find them in A.M. Best?
- 11,280
Probably because it is a fraternal company. There rates are decent here too and I believe they pay commissions for life instead of just 6 yrs.
- Thread starter
- #4
- 184
I just looked and the rates in 2007 for a 65yr old male on an F plan was 320 a month.
Now they are the lowest in the state???
Now they are the lowest in the state???
A
allhealthandlife
Guest
They use to be the lowest in Florida and i wrote over 200 between 1995 - 1998 and i am faithfully still getting 7 % renewals even though i haven't wrote a piece of business since then.
This is good opportunity to build a book business since we all know consumers mostly buy med supps on based on premium. In fact my selling tool when i was marketing UTC in Florida was theState Of Florida's Shopper Guide for Medicare Supplement that list all the plans and rates and i would show that UTC was lowest in the book.
- 1,183
They are the lowest or among the lowest in most states, and that's including when you factor in the fraternal fee. My understanding is that their rates aren't going up this year either. They are more selective with underwriting than companies like United World and Admiral in that they don't accept insulin dependent diabetics. Another good feature is that if you fax in the app and it is on bank draft, you don't have to collect the first month's premium.
The last time they were rated it was a C+, if I recall correctly, but they haven't been rated since about 2004. Since they are a fraternal company I don't think they have to be rated every year. They are reinsured by Gen re which I believe is A+ or A++
The last time they were rated it was a C+, if I recall correctly, but they haven't been rated since about 2004. Since they are a fraternal company I don't think they have to be rated every year. They are reinsured by Gen re which I believe is A+ or A++
- 11,280
None of my Med supp or Final Expense companies require me to collect the first months premium.
- Thread starter
- #8
- 184
same here
H
Humble_Opinion
Guest
The rumor I have heard on the company is that about 5 years ago they had to rate increase themselves out of contention. This might be why they are not rated with AM Best. I know that they have recently taken rate increases in several states. I do not believe NC was one of them.
- 1,183
Not United World, or am I mistaken in thinking that you sell for them?
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