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

Posted by Steve Eads, CLU on November 22, 2002 at 13:33:35:

In Reply to: Re: UNUM-3 out of 4 jurors recommend us!!! posted by Ron Downs on November 22, 2002 at 12:30:43:

Ron, thanks but that was a rhetorical question to my good buddy Scott. I am fully aware of all the UNUM plans. You solidified my argument however. Many times people (much like the media) only tell partial truths to sel a point or their position...PURE SPIN!!!

Thanks again,

Steve Eads, CLU
www.LTCiPro.com

: : : 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!!! : Ron, thanks but that was a rhetorical question to my good buddy Scott. I am fully aware of all the UNUM plans. You solidified my argument however. Many times people (much like the media) only tell partial truths to sel a point or their position...PURE SPIN!!! : Thanks again, : Steve Eads, CLU : www.LTCiPro.com : : : : 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

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