At 65 they will qualify for medicare, med supplements, and medicare advantage.
This really does not help the 64 year olds though... _________________ Thinking about becoming a health insurance agent or just getting started out as one?
my carrier does not provide coverage for new clients at age 64 or above. Is there anything out there for people in this circumstance?
What type of insurance are you talking about? life, health or auto. Different insurance have different qualifying criteria. _________________ Register Now to have your Insurance queries solved.
Premium, in most cases, is directly related to the age of the applicant. Therefore, insurance companies often avoid insuring aged people as the premium rate will be skyrocketing.
Also the risks of covering an aged person are higher than covering the young. _________________ Register Now to have your Insurance queries solved.
Health insurance companies don't like to underwrite 64 year olds because they don't have enough time to recoup the costs involved in underwriting the policy.
Thanks for the advice, I am being provided with old leads to practice on with my agency and some of the people I talked to had turned 64 since they put in the lead and I did not know what to tell them.
You may want to find a carrier that offers Medicare supplement policies. This can be a very good market. Short-term policies can also help increase your income.
For age 65, there is a type of medical card package...
something like, he still pay for the monthly premium, anything happen, the premium increase. _________________ Register Now to have your Insurance queries solved.
Psst...firey....Let's talk..I can get you 100K for a little more than 25K FE insurance. _________________ Life moves pretty fast. If you don't stop and look around once in a while, you could miss it. - Ferris Bueller