Access Plans Inc (fka APNC)

[MoneyMan]

Smart Solution Plus website up and running.
http://smartsolutionplus.com/

The regulatory hurdle is no small task but it looks like they got it in most states.

They are currently offering their agents an extra 3 month advance with the major med carriers on top of the six month, IF they are selling a certain percentage of Smart Solutions Plus with the policies. Also each policy means more points for their cruise getaway prize.

This looks very similar to what AccessPlansUSA had in force before the merger, only theirs was much more expensive and might have had a few more insured benefits.

Smart Solution Plus is basically a discount plan with 5,000 accident and 10,000 AD&D or 10k and 20k.

The part that looks like it could be the big selling point is the "health insurance insurance". It is a premium protection that will be paid for 3 months in the event you become unemployed. If it covers any policy that an AHCP agent sells, then the $19.95 per month basic plan could be marketed with every policy they sell. That could be huge and will likely be the one that sells. If you are buying a policy for a few hundred dollars per month, adding a little $19.95 insurance policy on the insurance policy sounds like a decent idea.

Next Q will give us an idea of how this is working out.