Many seniors who are eligible for Medicare often need some supplemental insurance to help cover costs that aren’t included with original Medicare. Medicare Supplements can help provide additional coverage to pay for copays and deductibles. Many times seniors often have a need to life insurance to cover burial expenses as their life insurance is expired now that they are no longer working. Fortunately, more and more insurance carriers are simplifying the application process by combining the Medicare Supplement and final expense plans into a single application process.
Advantages of Selling Final Expense & Medicare Supplement Dual Applications
There are several advantages and incentives by enrolling clients into a dual final expense and Medicare supplement plan:
- Efficiency
- Dual applications save time for both the agent and the client. Applications will be received, processed, and issued by the carrier typically in 1-2 business days.
- Organization
- Clients who enroll in a dual final expense and Medicare supplement plan are less likely to cancel or change plans. This helps agents increase their persistency and keep clients on the books.
- Clients will only have to deal with one insurance carrier instead of multiple carriers.
- Evaluate Multiple Carriers using the Pinnacle Financial Final Expense & Supplement Quoting Software
- Pinnacle Financial Services is a national FMO with 150+ carriers specializing in Medicare, Life, Final Expense & Long-Term Care. Pinnacle’s intuitive quoting software will help agents find the best dual plans for their clients.
- Commissions
- Dual applications typically pay higher commissions than standalone Medicare supplements or final expense plans. Commission payouts are typically 100% or more.
What Carriers Offer Final Expense & Medicare Supplement Dual Applications?
Some of the top carriers that offer dual final expense and Medicare supplement applications include Mutual of Omaha, American Continental (AETNA), Accendo Insurance Company (CVS Health), CIGNA, American Home Life, and Lumico. All of these carriers offer direct contracts that can be obtained by signing up through Pinnacle Financial Services.
Click Here to start your contracting with Pinnacle Financial Services today!
Where Can I Find More Information on Pinnacle Financial Services?
Pinnacle Financial Services offers direct contracts with dozens of insurance carriers in the senior market. Whether you are selling Final Expense, Annuities, or even Medicare, our seasoned sales directors can help you get started and guide you through the contracting process. Call Pinnacle today at 800-772-6881 or visit us online at www.pfsinsurance.com to get started!
Selling Final Expense? Need Leads? CLICK HERE!
1 (800) 772-6881 x7731 | sales@pfsinsurance.com
Mark Bolger
Senior Sales Director | Life, Annuity, & LTC
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Contact a Pinnacle Representative if you have any questions.
1 (800) 772-6881
support@pfsinsurance.com
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