Hot Med Supps for Indiana Agents – Q1 2020

Hot Medicare Supplements for Indiana Agents Q1 2020
January 14, 2020

The top of 2020 is an exciting time for independent agents in Indiana. There are some hungry carriers with competitive rates and other perks for the writing agent.

We don't usually go into state-specific recommendations, but Indiana is a true exception as there are so many fantastic choices in the senior market right now!

It was difficult, but we've narrowed it down to the Top 3 Indiana Med Supp carriers for the beginning of 2020. If you're writing any Plan F, G, or N business, these are the carriers you need to have in your back pocket!

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Hot Med Supp Carrier #3: Great Southern Life

GSL Logo FINAL

Great Southern Life has an incredible 10% Household Discount in Indiana, which puts them right up there with the other major Indiana players. The qualification for the HHD is also extremely lenient, which means most of your clients are going to be eligible.

To qualify for the GSL Household Discount, the client must reside with at least 1 but no more than 3 other adults at least 60 for the last 12 months. If the other adult is a spouse, the 12 month and 60 year old age requirement is waived. Civil union or domestic partner will be considered a legal spouse when the state recognizes this.

Get the Household Discount Cheat Sheet

If you're not running quotes with the Household Discount applied, you're probably missing out on how competitive Great Southern Life is on F and G, not to mention all of the other incredible perks for the writing agent.

The GSL process is one of the best in the Medicare Supplement industry, and we don't put out a statement like that lightly. We've interviewed many independent agents in Indiana, and the theme is the same: GSL makes it incredible EASY to do business with them.

  • Instant underwriting decision
  • NO need to enter prescriptions or doctor information on the app
  • Easy e-application (takes 10 minutes)

On top of an easy application process, you can't forget about the UFirst Rewards Program, which earns you a 10% cash bonus if you hit at least $30,000 in production. 

For agents who prefer cash instead of trips, GSL is right on the money. We've taken the liberty of highlighting the rates where GSL is extremely competitive in Indiana.

  Plan F Plan G Plan N
65 y/o Female $116.26 $91.99 $78.79
65 y/o Male $133.70 $105.79 $90.61
70 y/o Female $140.82 $112.39 $83.51
70 y/o Male $140.82 $112.39 $96.03

Indiana zip code 47715, 2/3/2020 effective date, Household Discount applied

Get contracted with Great Southern Life

Hot Med Supp Carrier #2: Lumico

LUMICO-Q4-2018-Incentive

If you're a big Plan G writer, Lumico is the most competitive carrier in Indiana right now. For 65 and 70 year olds, their Plan G rates are #1! 

On top of great rates for your clients, Lumico also rewards the agent with some cash bonuses for production. Their current cash bonus offers $100 for underwritten and $50 for non-underwritten Medicare Supplements. You must submit at least 3 apps in a month to qualify.

Lumico also has a 7% Household Discount in Indiana. The qualification for that is the client must reside with a Medicare-eligible adult who also has a Lumico Medicare Supplement policy.

If you're writing Plan G in Indiana right now, Lumico is a carrier you want to have in your stable. We've taken the liberty of highlighting the rates where Lumico really shines in Indiana.

  Plan F Plan G Plan N
65 y/o Female $125.08 $86.95 (#1!) $76.18
65 y/o Male $143.75 $99.97 (#1!) $87.65
70 y/o Female $136.71 $95.01 (#1!) $83.23
70 y/o Male $157.09 $109.27 (#1!) $95.63

Indiana zip code 47715, 2/3/2020 effective date, Household Discount applied

Get contracted with Lumico

 

Hot Med Supp Carrier #1: Capitol Life

Capitol-logo
The #1 HOTTEST Med Supp carrier in Indiana right now goes to Capitol Life, hands down.

The rates are some of the best – especially if you're a Plan F, G, or N writer – and there are so many nice benefits and perks for the agent... we can't contain our excitement about this one.

Like GSL, Capitol Life has a fantastic underwriting system which is called "red, yellow, and green." While an instant decision is fantastic, there can be pitfalls, like a client getting declined for something frivolous that just requires a little explanation.

Capitol Life has solved that underwriting problem by offering this new system where green light is approved, red light is denied, and yellow light is a quick phone interview to clarify some details.

The reaction from the field force has been phenomenal – the fastest app on record is under a minute!

We're confident that if you give Capitol Life a go, you won't look back. We've highlighted every single rate for Plan F, G, and N, because Capitol is extremely competitive – #1 in most cases – for Indiana producers!

  Plan F Plan G Plan N
65 y/o Female $113.42 (#1!) $90.47 $68.44 (#1!)
65 y/o Male $130.44 $104.04 $78.72 (#1!)
70 y/o Female $118.27 (#1!) $95.13 $78.04 (#1!)
70 y/o Male $136.02 (#1!) $109.41 $89.75 (#1!)

Indiana zip code 47715, 2/3/2020 effective date, Household Discount applied

Get contracted with Capitol Life

Do You Have the Hottest Med Supp Carriers In Your Portfolio?

Indiana agents – if you don't have these 3 Medicare Supplements carriers in your portfolio, we'd love to help you get set up. We make the contracting process easy – the gals in our office are some of the best in the game!

Let us know if we can do anything else to support your efforts, and good selling!

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