simplified advantage simplified life insurance solution for clients who want peace of mind and no...
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Simplified Advantage
Simplified Life Insurance Solution for clients who want Peace of Mind and NO MEDICAL EXAM
Typical Customer Profile
Wants Coverage Fast Doesn’t Like NeedlesWants To Maintain Privacy“White Coat Syndrome”May Have Medical IssuesEasier to Qualify – Fewer Underwriting
RequirementsPre-Underwriting Coverage
Underwriting Issues
BuildDiabetesDUI / Driving recordDrug or alcohol abuseForeign Travel
Depression / AnxietyBlood PressureCholesterolFamily health historyOccupation / Sports
Conditions making it hard to get coverage
Do you know anyone affected by one or more of these issues?
Simplified issue life insurance is a solution.
Simplified Advantage
o Permanent life insurance guaranteed level premium
o No medical exam, no APS, no fluids or needles
o Guaranteed cash values
o Maximum Face Amount $100,000
o NO PREMIUM MODAL FACTOR
o ACTUAL AGE CALCULATION
o Issued with limited proof of insurability (7 Questions)
Simplified Advantage
o Insurance amount doubles in case of accidental death
o Issue ageso Age 40 to 70 $5,000 to $100,000
o Age 71 to 80 $5,000 to $50,000
o Guaranteed cash value option after 3 years
Simplified Advantage
Living benefit50% of the sum insured in the event of a first-time occurrence of a terminal illness
Annual feepolicy $60.00rider (spouse) $0
Insurance coverage is immediate (no deferred option)Currently Paper application approved in 5 Business days
Medical Questions
Medical Questions
Build Chart
What about cost?Premiums for a simplified issue life
insurance are higher than those of a traditional whole life policy.
A higher risk is accepted by the insurance company on this type of product.
However, premiums for a simplified issue product may be lower than you think!
Rate Table
57 Male NS
La Capitale
Assumption Life
IA Equitable
10,000 35.30 38.47 37.29 37.59
25,000 80.75 88.07 85.12 87.23
50,000 156.50 170.73 164.84 169.97
75,000 232.25 N/A N/A N/A
100,000 308.00 N/A N/A N/A
70 Male NS
La Capitale
Assumption Life
IA Equitable
10,000 80.70 82.92 80.46 82.02
25,000 194.25 199.19 193.05 198.29
50,000 383.50 392.99 380.70 392.09
75,000 572.75 N/A N/A N/A
100,000 762.00 N/A N/A N/A
65 Female NS
La Capitale
Assumption Life
IA Equitable
10,000 45.30 46.36 45.70 45.46
25,000 105.75 107.80 106.16 106.90
50,000 206.50 210.20 206.91 209.30
75,000 307.25 N/A N/A N/A
100,000 408.00 N/A N/A N/A
Highest Commission in the Industry
FYC is 45% BONUS*
Loyalty Bonus Minimum ann. Prod. of $10,000 in FYC for Life plans Minimum of 12 issued applications Additional compensation percentage increases each
consecutive year.
Consecutive years Addn’l Bonus (% of FYC) 1 15% 2 20% 3 25% 4 30%
Qualifies For Convention
OUR MAIN FOCUS
Helping You Help Your Clients
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