|
Did you know a Standard rating can mean a lower premium payment on a life insurance case than the same case rated Preferred with another carrier?
Take a look at this example comparing North American's Custom Guarantee� universal life to competitors:
Male Age 45, $500,000 Death Benefit Single-Pay Premium to Guarantee to Maturity
| |
Company
|
Product
|
Risk Class
|
Guarantee Premium
| | |
North American
|
Custom Guarantee
|
Standard Non-Tobacco
|
$89,529
| | |
Principal
|
Universal Life Protector IV
|
Preferred Non-Tobacco (or second-best)
|
$90,507
| | |
American General
|
AG Secure Lifetime GUL II
|
$90,885
| | |
Lincoln Financial
|
Life Guarantee UL
|
$109,025
| | |
Protective
|
Protective Advantage Choice UL (guaranteed to 110)
|
$129,531
| | |
Banner Life Insurance Company
|
Life Choice UL
|
$164,173
| |
Male Age 55, $500,000 Death Benefit Single-Pay Premium to Guarantee to Maturity
| |
Company
|
Product
|
Risk Class
|
Guarantee Premium
| | |
North American
|
Custom Guarantee
|
Standard Non-Tobacco
|
$132,091
| | |
American General
|
AG Secure Lifetime GUL II
|
Preferred Non-Tobacco (or second-best)
|
$139,816
| | |
Lincoln Financial
|
Life Guarantee UL
|
$148,936
| | |
Principal
|
Universal Life Protector IV
|
$150,958
| | |
Protective
|
Protective Advantage Choice UL (guaranteed to 110)
|
$172,796
| | |
Banner Life Insurance Company
|
Life Choice UL
|
$220,006
| | |
Information taken from Winflexweb and is believed to be accurate and current as of 04/29/2014.*
|
|
* Competitor information is obtained from sources believed to be reliable, but its accuracy or completeness is not guaranteed. If there are questions regarding this information, please contact a representative from the applicable company. This data is for informational purposes and is not intended as a solicitation or a recommendation of any insurance product. All expressed information or opinions are subject to change without notice. Insurance Company names are strictly used for comparison purposes. North American Company for Life and Health Insurance does not have a business relationship with the companies being depicted nor does it offer products from any of these companies.
Custom Guarantee is issued on policy form series LS170 by North American Company for Life and Health Insurance, Administrative Office, Sioux Falls, SD 57193. Products, features, riders, endorsements or issue ages may not be available in all jurisdictions. Limitations and restrictions may apply.
|
|
FOR AGENT USE ONLY. NOT TO BE USED FOR CONSUMER SOLICITATION PURPOSES. NAH-2827 5/14
|
|
|
|
|
|
|
|
SNAP Services Brought To You By: SHAW AMERICAN
Get Forms and Illustrations in 15 minutes or less.
Policies Issued within 3 business days.
|
|
|
Confident in Your Index UL Illustrated Rate?
At the heart of every index universal life insurance sale is the illustration, which features the much-debated illustrated rate.
Ask yourself:
- What is your confidence level in your illustrated rate?
- What is your client's confidence level?
- How does that confidence level vary based on your client's needs and the products that you're illustrating?
Date: Thursday, May 22, 2014 Time: 2:00 EST |
|
Lincoln - Available as of May 12, 2014
LifeReserve IUL Accumulator (2014)
New Automatic monthly allocations
Please join the Competitive Services Group to discuss the new Lincoln LifeReserve� Indexed UL Accumulator (2014).
Date: Thursday, May 15, 2014
Time: 3:00 p.m. ET
Join Web Portion: Click here
Join Audio Portion: 888-764-3633; Passcode: 6591893#
|
|
|
John Hancock - LTC - Available as of May 19, 2014
PLEASE NOTE ALL LTC SALES ARE TEMPORARILY SUSPENDED IN CA AS OF MAY 19, 2014
Custom Care III featuring Benefit Builder - Compact States
-
Total increase on gender distinct rates is 15%
-
Total increase on unisex pricing (for sponsored group employer market only) is 27%
-
Couples/Partner discount for unisex rates is increasing to 35%
-
Waiver of Home Health Care Elimination Period rider cost is increasing to 17%
Custom Care III featuring Benefit Builder and Custom Care III - All States
-
Max issue age lowered to 75
-
Max daily benefit lowered to $400
-
Max monthly benefit lowered to $12,000
-
Removal of Compound Inflation through age 75
-
Removal of the 10-year benefit period
-
Removal of Survivorship & Waiver of Premium rider
|
|
|
Fit Maximum Face Amount Increased
Your clients don't have to be Olympic-caliber to qualify for Fit.
Our underwriting credit program just increased the maximum face amount to $5 million ($10 million GULS) and made some enhancement to the qualifying characteristics on April 28, 2014. Take a second look at the cases you have in your office and give us a try to see if you can get them a better rating with Fit credits.
Program Parameters:
- Age 18-75
- Minimum Face Amount = $250,000
- Maximum Face Amount = $5 million ($10 million for GULS)
- Nontobacco users
- Base rating after normal credits to table 4 or less
- Does not apply to flat extra ratings, rateable cancers, rateable CAD with onset before age 50, rateable stroke history, Type 1 diabetes or rateable substance abuse cases.
Available as of April 28, 2014
-
Premium caps increased to $2,000,000 on GUL, GUL Plus, AccumUL Plus, and AccumUL Answers
-
Premium caps increased to $1,000,000 on GUL Survivor
|
|
PruTerm One!
Introducing PruTerm One: PruTerm One is an annually renewable, convertible term product that can provide coverage for clients with short-term life insurance needs. PruTerm One offers clients:
-
Short-term death benefit protection
-
Competitive pricing for short-term durations (1-3 years)
-
Protection to fill a temporary gap in coverage
Get started today! The PruTerm One eKit contains materials you can use with clients as well as strategies to help you find and seize new business opportunities.
|
|
|
|
|
|
MAY IS DISABILITY INSURANCE
AWARENESS MONTH
Call our DI Sales Desk Today: 800-333-4340
DID YOU KNOW? Disability insurance is the most overlooked of the major types of insurance.
That's likely because many people think a disabling illness or injury will never happen to them. But according to a Life Happens survey, a person has a three in 10 chance of suffering a disabling illness or injury that would keep them out of work for three months or more during their career. That's why each May Life Happens coordinates Disability Insurance Awareness Month (DIAM). This campaign offers you the perfect opportunity to talk to people in your community about their disability insurance needs-at a time when it may already be on their minds.
Here are some great tools to kick off your own DIAM Campaign Efforts:
|
|
|
|
|
Copyright � 2014. All Rights Reserved.
|
|
|
|