We strive to continue to offer ground breaking and competitive life insurance products that you can use in your practice on a daily basis. Today, I am going to show you a life product with an app that has only 4 health questions and you can write it online or the prospect can go to a link that YOU provide to apply for the coverage. You can even put the link on YOUR website and prospects can actually apply for coverage without you being directly involved.
20 YEAR TERM PRODUCT:
Our ‘really easy life’ is offered as a 20 year Term Plan that is fully convertible. At the present time, the death benefits are $25,000, $50,000 and $100,000 ($150,000 and $250,000 are coming soon). The product has Unisex rates and is offered in non-tobacco and tobacco rate bands. Each case is issued on a Table 4 basis so your client can have some mild medical issues and still have the policy issued at the rate we quote. Monthly premiums can be paid either with a bank draft or a Credit Card or Debit Card. The client can also pay quarterly, semi-annual or annually. If you would like to see the rates – CLICK HERE.
There are four questions that the client must answer in order to apply for the coverage:
1) Have your used tobacco products in the past 12 months,
2) Yes or No to a list of medical issues,
3) Have you used illegal drugs in the last 7 years,
4) Have they been denied Insurance – ever.
In addition to these 4 questions, the company will run a prescription check and an MIB.
There is NO MEDICAL EXAM and if the client qualifies, the policy will be issued within 5 business days. Commissions are paid weekly.
NO SOCIAL SECURITY NUMBER REQUIRED:
This is where this product begins to stand out from all of the other products. The applicant can buy this coverage even if they don’t have a social security number. They only need an ITIN (individual Taxpayer Identification Number). Sales materials and applications are available in both English and Spanish.
The plan is issued with or without ROP benefits – your choice. You may also add a $10,000 children’s rider if you wish.
DIRECT SALES TO THE PROSPECT!
This product would be ideal in a P&C agency where the front line person could go through this 10 minute process with the client after they discuss their home owners coverage. The easy question to ask and get into the sale is, “Do you have someone who handles your life insurance?” Most people will answer No. “Our agency offers a low-cost term plan that doesn’t require a physical exam and I can handle it for you in less than 10 minutes.”
It would be excellent where there are a lot of Non-English speaking citizens. It would also be a great product for worksite marketing. If you are in the Medicare Supplement market or the health markets – THIS would be an excellent product to write on your existing clients!
You can put a link into a form email and email your clients with sample rates and give them a link where they can go and APPLY for the coverage while they are watching American Idol. There is NO SIMPLER PROCESS anywhere.
You can put the link on your website and list it as, “APPLY FOR LOW COST TERM INSURANCE HERE.”
There are probably dozens of other ways to sell this product and you are only limited by your imagination.
SIGN UP HERE!
If you would like to market this product, CLICK HERE and complete the online appointment. The online process is quick and easy and you will hear on the appointment within 3-4 days. This product is underwritten by the Manhattan Insurance Group through their Family Life Insurance Company. If you have questions – give me a call. I will be happy to answer them for you.
DON BOOZER & ASSOCIATES