The Difference
We show you how to sell,
not what to sell! | |
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Underwriting Corner
All carriers order Motor Vehicle Reports (MVR) as a routine requirement depending on clients' age and the face amount applied for. Even your healthiest clients who are otherwise Preferred best risks will be charged higher rates if they have a poor driving record. Studies have show that this group does have a higher all-cause mortality risk.
When a carrier obtains a MVR they are checking the type of violation and the date of the violation. Moving violations, such as speeding, distracted driving, ignoring signs or traffic lights and even cell phone violations are checked. If more than one moving violations in the last few years, some carriers may not allow best rates. Each carrier has their own criteria (max number of moving violations in the past 1 to 5 years) that determines the risk class. Any
Driving While Impaired (DWI), Driving Under the Influence (DUI) or Reckless (Careless) Driving violations are looked at much more harshly and may even be substandard or declined. Of note, elderly clients with poor driving records may be subject to more stringent guidelines. If someone has been involved in any accident, it could appear on their MVR. It may help to obtain the details of the accident for the underwriter as your client may not have been at fault.
If client mentions any motor vehicle violations, it helps to check carrier Preferred guidelines prior to submitting any formal application.
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New Consumer Brochure!
When potential customers say "get me the best price, "what do you do?" Just run a spreadsheet? Or, do you promote top-tier term rates plus value-added benefits available?
Read
the new consumer brochure to see what more you get from Legal & General America. | |
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New SUL Protector II premium rates
(Effective 7/29/13)
SUL Protector II transition guidelines | |
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Business Value Enhancement Agreement (BVEA)
Announcement
(Effective 6/30/13)
Minnesota Life will suspend new sales of policies that include the BVEA.
Read More | |
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Are you using
"Insurance Protection Options"?
See how you can increase your comp 2x, 3x, 4x or more
Click HERE
to see how! | |
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Don't miss the Non-Medical Wave
"Click Here" | |
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Great Reference
Tool....
Growth of Money at Various Interest Rate Assumptions
CLICK! | |
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Are you using Business Valuations to get to your small business clients?
For a helpful
Q&A | |
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Effective 7/1/13
PruLife UL Protector
Now Offers BenefitAccess Rider
PruLife Universal Protector is being enhanced with the BenefitAccess Rider, which provides Chronic and Terminal Illness Benefits! |
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Keep Cool with Low GUL Rates
Temperatures are on the rise, but that doesn't mean your client's premiums have to be.
Click here to see that for yourself! |
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Preliminary Inquiry
This is NOT an application for life insurance. Use this form as a preliminary evaluation to assist in determing insurability only.
Click Here | |
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Your Comments
Email your questions and comments to our Marketing Communications Mailbox
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August 2013 ALB Office Closings
Please be advised that we are changing our
hours for the Summer
Effective May 31, 2013 thru Labor Day
Monday thru Thursday - 8:30 am to 5:00 pm
Friday - 8:30 am to 2:00 pm |
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Effective immediately LBL will no longer accept formal or
informal applications
The Allstate Corp. announced a definitive agreement Wednesday to sell Lincoln Benefit Life Co. to Resolution Life Holdings Inc., a British-owned U.S. company, for $600 million.
Resolution Life Holdings Inc., a company founded by Cowdery's London-based Resolution Group, agreed to buy Lincoln Benefit Life Co. from Allstate.
Resolution will begin servicing existing Lincoln Benefit customers after a 12- to 18-month transition, but the deal is expected to close later this year, the companies said.
For previously submitted business, there are extremely limited transition rules. For anyone that has any applications in house, call for transition rules.
Allstate Life continues to exist, but for captive agent's only | |
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NEW Protection SIUL
Protection SIUL surpasses the competition offering the growth potential of an IUL, the downside protection of a guaranteed 0% floor and competitve premium solves.
With a simple but powerful approach to estate planning, Protection SIUL offers clients a smart solution to their needs.
Click here for more information
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SURVIVORSHIP UNIVERSAL
LIFE PROTECTOR IISM
Protection you can count on rain or shine!
* Competitive, no-lapse guarantees to age 121
* Lifetime-, short- and single-pay
* One life can be uninsurable
* Automatic Standard Approval Program
(Table 3 to Standard) available 1,2
1 Subject to change
2 State variations apply and may not be available in all states.
Call for a Quote today!
908-756-9800 Ext. 125 | |
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Do you have clients who want a predictable way to reward their key executives?
An executive bonus plan, also known as a Section 162 Executive Bonus Plan, is a simple raise in pay that your clients deposit into life insurance policies covering their key executives. The executives own the policies and name their own beneficiairies. It's a simple arrangement that produces some powerful benefits.
CLICK HERE to learn more | |
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Effective August 16th, 2013, Securian Life Insurance Company will replace Advantage Elite Term with Advantage Elite Select Term in New York.
Existing policy holders will not be impacted by this change.
In order to take advantage of the current product, Advantage Elite Term, the following requirments must be met:
1) Applications must be signed and received in the Home Office by 4:00 p.m. Central Time Friday, August 16, 2013, and
2) Policy must be approved and premium must be paid by 4:00 p.m. Central Time Wednesday, October 16, 2013.
If the policy is not signed and received by August 16, 2013, your client will be issued an Advantage Elite Select policy. For any case that does not meet both requirements, you will receive a new Advantage Elite Select policy. | |
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Athena Survivorship
Universal LIFE (ASUL)
New ASUL IV Sales Idea
Read here to learn more about using ASUL IV to maximize premium flexibility through a "skip" design.
Use this client-approved flyer to demonstrate how clients can leverage IRA distributions effectively with ASUL IV. | |
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Effective April 29, 2013
Introducing the Promise Whole Life (PWL) Select Portfolio in all states.
The Select Series will feature three new WL products with guaranteed limited payment durations.
PWL Select 10 (ten pay)
PWL Select 20 (twenty pay)
PWL Select 65 (paid-up to age 65)
Call ALB for your quote today! | |
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Symetra Classic
Universal Life Insuarance
How's this for a sweet spot?
Symetra Classic offers the best of both worlds:
Low Premiums
&
High Targets
Call ALB for your quote today! | |
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PruLife UL Protector Now Offers BenefitAccess Rider!
Effective July 1, 2013
Effective July 1, 2013, A repriced PruLife Universal Protector is enhanced with the BenefitAccess Rider, which provides Chronic and Terminal Illness Benefits.
Click these links to view the ekit and Transition Rules. | |
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Disclosure
Not all products approved in all States, please check State approvals. | |
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YOUR ALB TEAM
Front left -
Bernie Connell - Underwriter
Janet Stumpf - Contracting & Licensing
Merin Powell - Case Manager
Jill Kinahan - Case Manager
Michael Inserra (not pictured) - Broker Services Specialist
Back left -
Mark Milbrod - Sales Vice President
Pam Broast - Marketing / Contracting & Licesning
Lori Ayers - Senior Case Manager
Millicent Hopes - Case Manager
Sharon Murray - Case Manager
Jeff Ridge - Case Design
Michael Milbrod - IT Department |
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Call today to speak with one of our
Case Consultation Specialists for information on these and other sales opportunities and see why ALB is The Business Partner
You've Been Looking For.
Mark Milbrod, CLU
Associated Life Brokerage, Inc.
135 Route 202/206, Suite #7
Bedminster, NJ 07921
info@associatedlifebrokerage.com
(908) 756-9800 Ext. 120
www.associatedlifebrokerage.com
Associated Life Brokerage, Inc., is a full service General Agency located in Bedminster, NJ handling your Life Insurance, Annuity, Long Term Care and Disability Income needs. We provide independent insurance agents with a comprehensive platform that includes, Expert Case Consultation, Premier Underwriting Services and a Fully Dedicated Case Management Team. With over 100 years of collective experience in advanced case design and underwriting, we are dedicated to giving you the tools you need to significantly increase your revenue. |
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