Return to Original Long Term Care Insurance Discussion Board Archived Index

Re: UNUM-3 out of 4 jurors recommend us!!!

Posted by Ron Downs on November 22, 2002 at 12:30:43:

In Reply to: Re: UNUM-3 out of 4 jurors recommend us!!! posted by Steve Eads, CLU on November 22, 2002 at 08:55:45:

: : Steve,

: : Maybe some misguided MGA's are explaining the UNUM policy that way, but that's not the way the policy is written. The Advantage I policy, even though it has a 'monthly benefit', it only pays 1/30th of the monthly benefit for each day that care is received. So, if someone receives one day of care, the policy pays 1/30th of the monthly benefit.

: : Scott A. Olson, CLTC

: So now I guess you want all of us to beleive that's UNUM's ONLY LTC policy??????

: NUTS!

: Steve Eads, CLU
: www.LTCiPro.com

Steve,
It's not Unum's ONLY policy, but it's the one they sell the most of, by a large margin! The Advantage I pays a DAILY indemnity, unless one buys the Total Home Care plan, which is MUCH more expensive.

The Advantage Plus, while a better plan, is rarely sold. The Advantage I plan is being retired from the market on December 31 of this year. It is to be replaced by a reimbursement policy, which will be priced higher than the Advantage I plan.

I don't yet have details on the new product.

Ron

Follow Ups:

Re: UNUM-3 out of 4 jurors recommend us!!! Steve Eads, CLU 13:33:35 11/22/02 (0)

Re: UNUM-3 out of 4 jurors recommend us!!! : : : Steve, : : : Maybe some misguided MGA's are explaining the UNUM policy that way, but that's not the way the policy is written. The Advantage I policy, even though it has a 'monthly benefit', it only pays 1/30th of the monthly benefit for each day that care is received. So, if someone receives one day of care, the policy pays 1/30th of the monthly benefit. : : : Scott A. Olson, CLTC : : So now I guess you want all of us to beleive that's UNUM's ONLY LTC policy?????? : : NUTS! : : Steve Eads, CLU : : www.LTCiPro.com : Steve, : It's not Unum's ONLY policy, but it's the one they sell the most of, by a large margin! The Advantage I pays a DAILY indemnity, unless one buys the Total Home Care plan, which is MUCH more expensive. : The Advantage Plus, while a better plan, is rarely sold. The Advantage I plan is being retired from the market on December 31 of this year. It is to be replaced by a reimbursement policy, which will be priced higher than the Advantage I plan. : I don't yet have details on the new product. : Ron

Return to Original Long Term Care Insurance Discussion Board Archived Index

Learn More About Your options...

Texas license # 1270417