Transcript PrimeTerm 70 RPU - Libert Bankers Life

Term protection during your Prime Time
Permanent protection for a Life Time
PrimeTerm 70 RPU
PrimeTerm 70 RPU
Another innovative “No-Loss” Term Plan
Available only through LBL
Gold and Silver level agents
Designed for the individual who:
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Needs term insurance until retirement age, and
Does not want to “waste” life insurance
premiums for no permanent value!
PrimeTerm 70 RPU
PrimeTerm 70 is a Term plan that will:
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Protect the insured for the full face amount to age
70, or for 20 years, whichever is longer.
Become a permanent insurance plan 2 different
ways.
PrimeTerm 70 RPU
Has a conversion option:
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Starting the second year prior to age of 65.
Full face amount of coverage can be convertible
to a permanent plan without evidence of
insurability.
New commissions are generated by the
conversion on the increase in premium.
PrimeTerm 70 RPU
Traditionally, premiums paid for term life
insurance went “out the window” unless:
 A death benefit was paid, or,
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Extra premium paid for a ROP rider.
LBL has a smarter way for an insured to have
value for their term life insurance premiums.
PrimeTerm 70 RPU
Has a “No Loss” non forfeiture provision built into
the plan:
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At age 70 (or 20 years) the plan becomes a
“reduced paid-up” policy where the face amount is
equal to all of premiums paid.
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Plus, there are no more premiums!
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Guaranteed!
PrimeTerm 70 RPU
By choosing this plan:
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Client does not waste the premiums paid for term
insurance .
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Client has a paid up policy that can be used to
cover his final expenses at retirement.
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Combined with an annuity, it can also become a
great retirement building tool.
Where PrimeTerm 70 Fits……
Male Preferred , Non-Tobacco, Age 35 $250,000 Death Benefit
“$250,000 Term Coverage to age 70”
$59,000 Permanent Protection for Life with $0
Premiums!
20 Year Term*
$ 287.00
$ 908.50 ROP
30 Year Term*
GNLUL**
$ 422.50
$ 1,272.50
$ 832.33 ROP
$1,487.50
* Transamerica Life Ins co, Ultima Champion Term
** Genworth Life Insurance Co, Gen Guard UL (Guaranteed UL)
*** Sagicor Life Insurance Company, Gold WL
Whole Life***
$ 2467.28
PrimeTerm 70 RPU
45 years of coverage
Convertible
prior to Age 65
Age 25
Age 70
20 years of coverage
Convertible
prior to Age 65
Age 65
“No Loss”
RPU equal to ROP
“No Loss” RPU equal to ROP
Age 85
PrimeTerm 70 RPU
Male Age 30 PNT
40 years of coverage
$100,000
Convertible prior to Age 65
$541 annual premium ($48.42 BD)
Age 30
$23,300
“No Loss”
RPU equal to ROP
$12,700 CV
Age 70
PrimeTerm 70 RPU
Male Age 45 PNT
25 years of coverage
$100,000
Convertible prior to Age 65
$889 annual premium ($79.57 BD)
Age 45
$24,000
“No Loss”
RPU equal to ROP
$13,000 CV
Age 70
PrimeTerm 70 RPU
Male Age 65 PNT
20 years of coverage
$100,000
$4,195 annual premium ($375.45BD)
Age 65
$90,200
“No Loss”
RPU equal
to ROP
$69,300 CV
Age 85
PrimeTerm 70 RPU
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Issue Ages 18 – 65
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$100,000 minimum face amount
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2 premium bands:
1.
2.
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$100,000 - $499,999
& $500,000 +
Preferred Non-Tobacco rates available
PrimeTerm 70 RPU
 Guaranteed coverage to Age 70, or 20 years if
longer
 Reduced Paid Up (RPU) Face amount equal to or
greater than all premiums paid, Guaranteed!
 20% first year discount available if paid annually
 No illustrations required
 Excellent riders available to meet family needs
Commission Advance and Bonus Program
Go for the Gold
Liberty Bankers Life Agents can qualify to receive advanced commissions without an interest charge. The
amount of the advance and reserve is based on the agent’s own “Product Blended” Persistency. In
addition, any agent at the Gold level is eligible to qualify for a renewal bonus. Agent’s performance will
be reviewed quarterly. Newly appointed agents will have their persistency reviewed after the 7th month.
GOLD: An agent with a 13th month persistency rate of 75%> qualifies for a 9 month commission
advance (with appropriate salvage account) AND renewal commissions in years 2, 3, and 4 will be
“BONUSED” up by 50%. This agent is also eligible to qualify for incentive trips!
SILVER: An agent with a 13th month persistency rate of 65% - <75% qualifies for a 9 month commission
advance (with appropriate salvage account). This agent is also eligible to qualify for incentive trips!
Bronze: An agent with a 13th month persistency rate of 58% - <65% may qualify for a 6 month
commission advance (with appropriate salvage account). Renewal commissions for year 2, 3, & 4 will be
adjusted down by 50%.
Advance commission qualification is based on a favorable background check
inclusive of vector report
PrimeTerm 70 RPU
The ideal term product for Today
and Tomorrow’s insurance needs from :
Peace of mind through innovation
When it comes to selling term insurance
Do the right thing!