Life Product Highlights

Transcription

1 Life Product Highlights Personal and Commercial Products For Agent Use Only

2 SIMPLIFIED ISSUE LIFE Convenient and easy coverage issued instantly if applicant qualifies Products Easy Choice Term A simple low-cost, hassle-free, 5-year term life insurance product that covers short-term debt. Clients looking to cover short-term obligations such as loans for a new car, home remodeling project or debt consolidation Accept/reject underwriting based on simplified application process 5-year term plan with a one-time 5-year renewal option; renewal does not require evidence of insurability Convenient coverage option for clients with smaller amounts of temporary debt Issue ages Benefit amounts from $5,000 to $100,000* * Maximum benefit amount varies by issue age Guaranteed level premiums and death benefit for initial term period Instant Issue Term (iit) A term life insurance product applied for and issued instantly, while your clients are in your office. Youth Plus Term A small face term life insurance policy that provides vital protection during dependency years. Easy Choice Term is policy form ICC14ELP042/ELP042. Instant Issue Term (iit) is policy form ELP240. Youth Plus Term is policy form ICC14ELP040/ELP040 or ICC14ELP041/ELP041. Products and riders may vary or be unavailable in some states. In conjunction with the sale of another policy (P&C, major medical, mortgage/car loan) or a life event (birth or adoption of child, marriage, divorce) Younger client with no health issues, in excellent medical condition Quick coverage option for auto or homeowners; clients looking for one-stop shopping Parents or grandparents looking for an affordable gift that provides coverage during dependency years and offers future security for the children they love Available only online; no paper applications accepted Accept/reject underwriting based on simplified application process 5-, 10-, 15-, 20-, 25- or 30-year term plans Issue ages 18-65* * Maximum issue age varies by initial term period Benefit amounts from $25,000 to $250,000 Guaranteed level premiums and death benefit for initial term period Credit card payment accepted** ** Credit card payment is not accepted in MD, NC or PA. Annual credit card payment not available in ME. Accept/reject underwriting based on simplified application process Term life insurance policy to age 25 Convertible at age 25 to a permanent plan being offered by EMCNL, up to $25,000 without evidence of insurability Issue ages 14 days 24 years Benefit options of $5,000, $7,500, $10,000 or $20,000 Single premium or two-year payment plan options Credit card payment accepted* * Non-monthly modes only. Credit card payment is not accepted in MD, NC or PA. Annual credit card payment not available in ME. 2 Individual Products Simplified Issue Life

3 Products Easy Choice Whole Life A simple whole life product that provides coverage for long-term needs. Younger clients looking to lock in permanent coverage at affordable rates Clients seeking final expense coverage Accept/reject underwriting based on simplified application process Traditional whole life product Guaranteed cash values, level premiums and level death benefit Point-of-Sale Guaranteed Increasing Whole Life A whole life product with a guaranteed increasing death benefit and low face amounts. GIWL provides coverage quickly and easily with a telephone interview process. Clients seeking final expense coverage Issue ages Benefit amounts from $5,000 to $50,000* * Maximum benefit amount varies by issue age Underwriting based on a telephone interview and simplified application process Traditional whole life product with guaranteed increasing death benefit Guaranteed cash values and level premiums Issue ages Benefit amounts from $2,000 to $150,000* * Maximum benefit amount varies by underwriting class Single Premium Whole Life A product designed to provide an alternative to CDs and annuities by providing an income tax-free* way to transfer money. * income tax-free death benefit Clients looking to transfer money income tax-free* to their children, grandchildren or favorite charity Clients searching for ways to reduce their taxable income while increasing their estate * Income tax-free death benefit Two rate levels are available based on the answers to the simplified issue application Traditional single premium whole life product Guaranteed cash values and level death benefit Issue ages Benefit amounts from $2,000 to $250,000* * Maximum benefit amount varies by issue age and rate level Youth Whole Life A product that guarantees the price will stay the same and coverage will not be canceled regardless of future health conditions. Easy Choice Whole Life is policy form ICC12ELP026/ELP026. Point-of-Sale Guaranteed Increasing Whole Life is policy form ICC12ELP025/ELP025. Single Premium Whole Life is policy form ICC12ELP024/ELP024. Youth Whole Life is policy form ICC12ELP026/ELP026 or ICC12ELP024/ELP024. Products and riders may vary or be unavailable in some states. Parents or grandparents looking to lock in permanent coverage at affordable rates for the children they love Accept/reject underwriting based on simplified application process Traditional whole life product Guaranteed cash values, level death benefit and premiums Issue ages 14 days 17 years Benefit amounts from $2,000 to $50,000 Several payment options including continuous pay, 5-pay and single premium Individual Products Simplified Issue Life 3

4 FULLY UNDERWRITTEN LIFE A more traditional application process; larger death benefit amounts available if applicant qualifies Products Term Select A product for clients who want low cost life insurance. It is designed for temporary needs and is limited to a stated number of years. Clients looking for protection against the loss of income due to death Clients seeking an affordable, customizable life insurance solution to cover obligations that diminish in time 5-, 10-, 15-, 20-, 25- or 30-year term plans Issue ages (varies by term period) Benefit amounts starting at $50,000 Six underwriting classes; four rate bands Guaranteed level premiums and death benefit Businesses searching for key person insurance Whole Life Offers permanent life insurance protection with guaranteed level or increasing death benefit options. Whole life insurance can be paired with a term insurance rider for higher coverage at a lower rate. Younger clients looking to lock in permanent coverage at affordable rates Clients seeking final expense coverage Guaranteed level or guaranteed increasing death benefit options Guaranteed cash values and level premiums Issue ages Benefit amounts from $2,000 to $1,000,000 Six underwriting classes; two rate bands Add the term rider to cover both temporary needs (mortgages, children s college education, car loans) and permanent (final expenses) in one policy Single Premium Whole Life Provides an alternative to CDs and annuities by providing an income tax-free* way to transfer money. * income tax-free death benefit Clients looking to transfer money income tax-free* to their children, grandchildren or favorite charity Clients searching for ways to reduce their taxable income while increasing their estate * income tax-free death benefit Traditional single premium whole life product Guaranteed cash values and level death benefit Issue ages Benefit amounts of $250,000 and above Four underwriting classes Term Select is policy form ICC16ELP048/ELP048. Whole Life is policy form ICC12ELP024/ELP024, ICC12ELP025/ELP025 or ICC12ELP026/ELP026. ULTRA CHOICE UL is policy form ELP003. Products and riders may vary or be unavailable in some states. 4 Individual Products Fully Underwritten Life

5 Products ULTRA CHOICE Universal Life Offers permanent life insurance with an adjustable death benefit and flexible premium payments. It can be paired with a term insurance rider for higher coverage at a lower rate. Clients looking for permanent coverage with flexible premium payments Clients seeking final expense coverage Businesses searching for key person insurance Low benefit amounts from $10,000 or the amount $300 minimum premium will purchase Issue ages 14 days 85 years Five underwriting classes; three rate bands Cash values earn a competitive interest rate that can help build tax-deferred retirement savings Add the term rider to cover both temporary needs (mortgages, children s college education, car loans) and permanent (final expenses) in one policy Your Company of Choice for Life Individual Products Simplified Issue Life 5

6 WORKPLACE PRODUCTS Voluntary employee-paid benefits and group employer-sponsored benefits Products Workplace Term Life A product designed to provide cost-effective life insurance for a specified period to meet anticipated responsibilites. Workplace Whole Life Permanent life insurance coverage that can defray final expense costs and help protect the financial security of families in the event of death. Workplace (voluntary employer/ employee groups) Minimum of three employees enrolled for voluntary workplace products to establish a new workplace account Supplement to group term life insurance Provides higher coverage amounts with lower premiums than permanent life plans to help cover obligations such as mortgage, auto loans and credit card debt Workplace (voluntary employer/ employee groups) Minimum of three employees enrolled for voluntary workplace products to establish a new workplace account Supplement to group term life insurance 10-, 20-, or 30-year term or term to age 65 life insurance product Guaranteed premiums for initial term period Issue ages 18-70* * maximum issue age varies by initial term period Level death benefit Benefit amounts from $25,000 to $150,000 for employee coverage Spouse and children s coverage available No medical exams (simplified underwriting) Portable (employees can keep their coverage even if they leave their current employer) Traditional whole life insurance product Guaranteed level premiums, level death benefit and cash values Issue ages Benefit amounts from $5,000 to $150,000 for employee coverage Workplace Increasing Whole Life A product designed with a guaranteed increasing death benefit to provide peace of mind that families will be taken care of in the event of an untimely death, while safely building cash value. Combine permanent and temporary protection by adding a term rider to cover short-term obligations Workplace (voluntary employer/ employee groups) Minimum of three employees enrolled for voluntary workplace products to establish a new workplace account Supplement to group term life insurance Spouse and children s coverage available No medical exams (simplified underwriting) Portable (employees can keep their coverage even if they leave their current employer) Traditional whole life insurance product with a guaranteed increasing death benefit Guaranteed level premiums and cash values Issue ages Benefit amounts from $5,000 to $150,000 for employee coverage Combine permanent and temporary protection by adding a term rider to cover short-term obligations Spouse and children s coverage available No medical exams (simplified underwriting) Portable (employees can keep their coverage even if they leave their current employer) Workplace Term Life is policy form ELP240. Workplace Whole Life is policy form ICC12ELP026/ELP026. Workplace Increasing Whole Life is policy form ELP001. Products and riders may vary or be unavailable in some states. 6 Workplace Products

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