Medico introduced the Dental, Vision & Hearing (DVH) Plus product in 2013. Though they report that their projections for the product’s loss ratio are running well, the persistency in the first year is below the pricing of the product. This is requiring Medico Insurance Company to make a change and unfortunately reduce the commission percentage. As Medico’s DVH Plus commission level was one of the highest in the industry, the new commission level will still be competitive.
New commissions are posted HERE, so you can see what the changes will be for you in your market. The changes will be effective on applications dated on or after March 1, 2016. The premium is still less than $50 per month, guaranteed issue and covers services that Medicare does not.
Questions? Email Michele@agent-link.net