Medical Life Insurance Updates
Qualify in 1999 for Medical Life Leaders Conference 2000
St. Thomas, Virgin Islands - March 16-20, 2000
"Product Sales Are Your Ticket to Paradise" is the theme for the next Medical Life sales excellence trip. Your sales of $100,000 of annualized premium (3 case minimum) of Medical Life products qualifies you and a guest to attend this event at the Marriott Frenchman's Reef Resort on St. Thomas, Virgin Islands. Eligibility is based on new business with effective dates between January 1, 1999, and December 31, 1999. The following Group Products' premium is eligible for qualification: Life, Accidental Death & Dismemberment, Dependent Group Life, Short Term Disability & Long Term Disability. Premium from Voluntary products including Portable Term Life and AD&D, Short Term Disability, Long Term Disability and Dependent Life can also provide qualifying premium to put this on your calendar for next year! Contact your CareFirst Broker Sales Representative for additional information.
Medical Life Insurance Co. Bonus Program
Would you like to make a 50% bonus of the first months premium on new groups? The following group sales qualify for this bonus!
- Life, Accidental Death & Dismemberment and Short Term Disability
- Life and AD&D with Voluntary Life or Voluntary STD
- Voluntary Life and AD&D
THIS BONUS IS PAID OVER AND ABOVE YOUR CURRENT COMMISSION!
Bonus = 50% of the 1st months' premium for the eligible lines of business.
The group's monthly premium must be at least $50.
No bonus is payable on Life and AD&D cases only.
Maximum bonus on any one case is $5,000.
Contact your CareFirst Broker Sales Representative for further details!
Medical Life Assigned "Api" plus Rating
Medical Life Insurance Co. of Cleveland, Ohio was recently informed by Standard & Poors rating service that they have been assigned a rating of single "Api" plus (Strong.) This rating is for their financial strength and stability including:
- Capital adequacy ratio of 206.9%
- Return on assets an excellent 5.2% over 5 years
- Liquidity Ratio in excess of 300%
- Rating is limited to the rating of its parent, Health Care Services Corp., which is single "A" plus.
Medical Life Insurance Company was awarded an "A" rating with A.M. Best Co. - the 15th consecutive year with an "Excellent" rating
