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NEED VACATION CASH?
We've got some ideas that can generate real dollars for you, and quickly. Genworth's Total Living Coverage is a single premium "linked" life insurance product. It basically offers guaranteed death benefits of two times the premium paid and long term care benefits up to six times the premiums paid as well as essentially full access to all premiums paid if you surrender it.
HERE'S THE SIZZLE - "TLC" has minimal underwriting and will outperform most linked benefit products already on the books. If you want to make a quick hit look at replacing your clients' old linked benefit products - most have no surrender charge and you're giving the client a big boost up in coverage, even on policies up to 15 years old!
This product also works really well as a 1035 exchange from an older life policy that may no longer be needed. You keep access to the cash, some death benefit, and provide long term care benefits, all in one quick sale. |
THE BEST KEY MAN CONTRACT.
We very much like American General's ROP Term for this sale. We can "dial a term" to coincide with the key person's age 65 - 21 years, 17 years, 19 years, you name it. At the end of the term the company gets its money back while during the term you have true key person coverage.
What could be simpler? American General also uses its "special" base rate for rated cases. They're usually best in class for cases with the same table rating. Call us for a quote. |
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LONGEVITY CLUE!
According to Michael Laner at the Cleveland Clinic, "Among nearly all mammals, life expectancy is close to one billion heartbeats". What a number! What does it mean?
Here's the corollary. If your resting heart rate exceeds 70 beats per minute your mortality from all causes goes up by 40% and your risk of heart failure is 2.3 times that of the "under 70 beats" population. Oh, and by the way, diet and exercise are the two things that most affect resting heart rate.
We're indebted to Hank George's "Hot Notes" for this piece. Hank writes a monthly newsletter devoted to underwriting. It's free, highly informative, and you might want to consider subscribing. |
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THE BEST TERM RATE?
Consider West Coast's "Income Replacement Term". If your client agrees to spreading out the death benefit payments over five years (A great idea for personal planning or business buyouts!) the term premium is discounted approximately 15% off a very competitive rate base.
When you're in term competition, or just want to do the right thing, "Income replacement Term" is a very good option.
Thanks for your business always. |
