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Overhead Expense, more competitive than ever

Overhead Expense, more competitive than ever

Effective June 12, 2018

 

REVISED PRICING

  • Substantially lower rates for people 40 and over.
         Sample pricing:
          
Insured: Male 40
non-smoker
Waiting period: 30M days
Occupational category: A
Sum insured: $1,000/month
Monthly ‘levelled’ premium:
          
Previous rate NEW rate!
$112.50 $51.43
A rate reduction of more than 50%!
  • Rate adjustments for people under age 40
  • Distinction between smoker and non-smoker rates
  • Change in the waiting period option “30 days”:
    • If due to accident, the waiting period goes from 0 to 30 days
    • The waiting period for “30M days” remains the same
  • The benefit will no longer apply to occupational category AO
  • Please note: existing contracts will not be affected

INCREASED COMMISSIONS ON NEW CONTRACTS FOR BROKERS

  • BLUE FLEX and Association Program: Overhead expense benefit commission rates are now the same as Disability benefits:
Scale 1
1st year - 40%
Years 2 to 5 - 20%
Subsequent years - 12%
Scale 2
1st year - 70%
Years 2 to 5 - 10%
Subsequent years - 5%  
  • SME Plan commission is not affected.
  • An amendment modifying Schedule B of your Representative Agreement will be uploaded shortly to the secured access section of our Advisor resources section of the website. Please note Blue Cross will not send paper documents.
TRANSITION RULES (For applications signed as of June 1st)

Waiting period:  

30 days 30M days
Applications signed and received until June 11
Old rates

 

Customers will be granted the best rates.

Applications received from June 12 until the 29 inclusive Rates based on the quotation received
Applications received after June 29 New rates

DOCUMENTS AND QUOTATION TOOLS
On June 12, 2018, a new version of the quotation tool will be available and relevant documents will be updated in the Advisor resources section of our website.

For more information, please contact your Regional Sales Director:

 

 

Jean-Gaston Baudart (Montréal, Outaouais, Laurentides and Lanaudière) - 514-214-3935

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Natacha Carrier (Montréal, Montérégie and Eastern Townships) - 514-347-1918

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Nathalie Lemonde (Eastern Québec) 4‌1‌8‌-‌5‌6‌9‌-‌8‌3‌6‌4

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