OPPORTUNITY OVERVIEW An increased death benefit final expense product to serve this fast growing market! Immediate point of sale underwriting decision! Ground floor opportunity available in 41 states!
Great Western Insurance Company is is an Ogden, Utah based company writing life insurance and annuities specifically to to fund final expense whole life insurance and preneed plans since 1983. Great Western is is licensed in in 46 states and the District of of Columbia. Our The financial strength company s has financial always come strength from has a dedicated always come focus from on a helping dedicated individuals focus on prepare helping for their individuals final expenses. prepare for their final expenses. Great Western s Surplus to to Liability Ratio is is among the highest in in the industry, exceeding the margin of of assets over liabilities and excess surplus standards averaged by by America s 25 largest life insurance companies.
GUARANTEED ASSURANCE Guaranteed Assurance final expense coverage has many additional benefits and is easy to apply for. In addition, this life insurance plan has two products built into one!
HIGHLIGHTS OF GUARANTEED ASSURANCE Immediate point of sale decision based on answers to 3 health questions Guaranteed Issue and Day One Coverage Underwriting Classes Available One-of-a-kind, 120% increased death benefit with Assurance Plus Important built In riders that increase coverage included free of charge Policies issued in 48 hours and commissions paid daily Draft Date Technology allows your client to choose the initial and ongoing premium draft dates to coordinate with Social Security payments. And, many more innovative product features!
Product Overview
GUARANTEED ASSURANCE REGARDLESS OF HEALTH Guaranteed Assurance offers two plans to provide valuable coverage regardless of health: Ø Guaranteed Assurance Ø Assurance Plus
GUARANTEED ASSURANCE Guaranteed Assurance offers coverage regardless of your client s health with absolutely no underwriting. Completely Guaranteed Issue, and your clients are not required to answer any health questions. For accidental deaths in the first two years, your clients receive the full face amount of the policy. For non-accidental deaths in the first two policy years, your clients receive 110% of the premiums paid. On any death after two years, you receive the full face amount of the policy.
ASSURANCE PLUS Assurance Plus is a one-of-a-kind product that provides day-one coverage and pays 120% of the full face amount benefit selected whenever the death occurs. Simplified underwriting and no medical exams. Coverage is based on answers to a few simple health questions. Assurance Plus underwritten policies will have a death benefit of 120% of any original face amount when all health questions are answered no.
SIMPLE APPLICATION Easy to use application process with NO additional underwriting!
SIMPLE APPLICATION Only 3 health questions for Immediate Coverage!
ONE RATE CLASS FOR BOTH PRODUCTS EXAMPLE: $10,000 Face Amount for a 60 year old Female Guaranteed Assurance $61. 25 per month for a $10,000 Death Benefit Assurance Plus $61. 25 per month for a $12,000 Death Benefit! Assurance Plus underwritten policies will have a death benefit of 120% of any original face amount when all health questions are answered no.
Important Riders that Increase Coverage
IMPORTANT RIDERS THAT INCREASE COVERAGE Spousal Bonus Rider Included at no additional cost* (Available on both plans) Accelerated Death Benefit Rider Included at no additional cost (Available only on the Assurance Plus plan) Dependent Child & Grandchild Rider For only $1 a Month (Available on both plans) *$1,000 Extra death benefit is available if both spouses apply for a policy at the same time and have at least $10,000 Face Amount.
BUILT IN RIDER AT NO ADDITIONAL COST Spousal Bonus Rider Included at no additional cost on both plans! Pays an additional $1,000 on the first death if both spouses apply for a policy at the same time. A minimum of $10,000 of Face Amount must be applied for on each person to qualify for this rider that is available on both Guaranteed Assurance plans. The death can t be during the graded period on the Guaranteed Assurance plan, and both policies must be in force at the time of the first death. Assurance Plus underwritten policies will have a death benefit of 120% of any original face amount when all health questions are answered no. ^$1,000 Extra death benefit is available if both spouses apply for a policy at the same time and have at least $10,000 Face Amount.
A ONE-OF-A-KIND FINAL EXPENSE SOLUTION Value of the Assurance Plus Product Example: A husband and wife each purchase a $10,000 policy and answer NO to the three (3) health questions. Their ultimate death benefit is 120% of the face amount and they receive an additional $1,000 on the first death with the Spousal Bonus Rider In this example they applied for $20,000 of coverage, but received $25,000 in total coverage!
BUILT IN RIDER AT NO ADDITIONAL COST Accelerated Death Benefit Rider Included at no charge on the Assurance Plus plan. This rider pays the present value of the death benefit if your clients are diagnosed with a terminal illness and have an expectation of less than 12 months to live or if they are diagnosed as needing assistance with two Activities of Daily Living. The accelerated death benefit can be used for any purpose.
ADDITIONAL RIDER FOR ONLY $1 PER MONTH Dependent Child & Grandchild Rider For only $1 a month Great Western will pay $2,500 on the first death of a dependent child or grandchild.
Incredible Opportunity
A ONE-OF-A-KIND FINAL EXPENSE SOLUTION Guaranteed Assurance Assurance Plus Issue Ages 40-80 40-80 Face Amounts $1,000 - $40,000 $1,000 - $40,000 Riders Spousal Bonus Rider Dependent Child & Grandchild Rider Spousal Bonus Rider Accelerated Death Benefit Rider Dependent Child & Grandchild Rider Death Benefit* Year 1 Year 2 Year 3+ Return of premiums paid + 10% in first 2 years.* 100% 120% of Initial Face Amount 120% of Initial Face Amount 120% of Initial Face Amount * Accidental deaths in years 1-2 are covered at 100% (subject to policy terms and conditions.)
AGENT FIELD MANUAL Better understand the product and the process to better serve your clients. Licensing New Business Commissions Riders Rates And much more!
PREMIUM DRAFT DATE Importance of Choosing a Draft Date Provides flexibility for clients Caters to specific budgets Necessary for demographics Try to match a client s monthly income deposit(s) Overall, it enhances persistency and creates a better block of business!
DRAFT DATE TECHNOLOGY Social Security Benefits Billing Accurate every month Takes out the guess work Revolutionary technology
PRODUCT AVAILABLE IN MOST STATES Pending: CA DC DE ME MT NM VT Not available: AK CT HI NY
A One-of-a-Kind Final Expense Solution Great Western Insurance Company is an Ogden, Utah based company writing life insurance and annuities specifically to fund final expense whole life insurance and preneed plans since 1983. An increased death benefit final expense product to serve this fast growing market! Great Western is licensed in 46 states and the District of Columbia. Our financial strength has always come from a dedicated focus on helping individuals prepare for Immediate point of sale underwriting decision! their final expenses. Ground floor opportunity available in 41 states! Great Western s Surplus to Liability Ratio is among the highest in the industry, exceeding the margin of assets over liabilities and excess surplus standards averaged by America s 25 largest life insurance companies. Get Started offering this incredible new product!
Call today to begin offering this incredible increased benefit final expense product! 888.622.9122