West Coast Life has introduced the second of its "Mod Life UL" products. The new "Mod 25" lowers the lifetime premium for the first five years by 25%, grades up in years 6-10, and levels in the 11th year and thereafter. The curve is less steep than the "Mod 50" and is a great way to step your clients into a lifetime UL premium.
Here's a special bonus. If you client has a West Coast term policy issued after 1/1/08 you can convert it through yearend into either the "Mod Life UL' series or the "Platinum Plus UL" product. This is an offer that won't be repeated and is far better than the usual conversion products offered by most carriers. Don't delay!
Genworth is paying full commissions on term replacements!!! You need to take advantage of this while you can. You can replace existing Genworth "Colony Term" products with the hot new "Colony Term UL" product and receive full first year commission. This is a first for Genworth, you know you have a lot of their term on the books, and this is a way to get paid for rewriting it!
Speaking of replacements here's a way to make money and NOT replace. If you have a fully underwritten term policy issued by a reputable carrier in the last three years at standard or better, ages 18-65 and up to $2 million, Nationwide will issue up to the same amount of their best, fully guaranteed, lifetime no lapse UL product, including the Long Term Care Rider if desired, without new evidence other than an MIB and Pharma screen - and you don't have to surrender the term policy! What a great way to place additional coverage with very little effort. Full commissions too on a very good product! Call us for an illustration.
