Transcript Welcome to Assurity - National Insurance Agency

National Insurance
Agency
Ken Smith
Director Of Critical Illness and Disability Income
[email protected]
Who is Assurity?
 Located in Lincoln, Nebraska – successor to
Woodmen Accident and Life Company, founded
in 1890
 A- Excellent, (4th highest of 16 ratings for
financial strength) from A.M. Best Company
 Member of Assurity Security Group, Inc. whose
assets exceed $2 billion.
Who Is Assurity? (cont.)
 Offering a well-rounded portfolio of unique
products for the family market you reach
 Specializing in disability income, critical
illness, life, and annuity products
 Providing quality Home Office service to you
 New business 4 business day service
guarantee on simplified underwritten
products
NonMed Term 350
Life Insurance Policy
The Age of the Black Box
Policy Form I L0760
For Agent Use Only
The Big Deal
The Product
The Process
 NonMedical
Convenience
 Affordable Price
 Maximum Rider
Flexibility
 Convertibility
 Paper Application
 Home Office Submission
(Phase 1)
 Black Box Underwriting
(MVR, MIB, Script Check)
 Decision Rendered
70% Automated
 Refer to Underwriting
for offers up to Table 8
The Product:
NonMedical Convenience
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NO needles
NO fluids
Decisions in days not months
Higher face amounts for nonmedical
underwriting
 Standard nontobacco premium equivalent
to fully underwritten case
The Product: Affordable Price
$200,000 Face Amount 20 Year Level Term
(male, non tobacco, monthly premiums)
Age
LifeScape
Term
(Standard N/T)
LifeScape
Term
(Preferred)
Non Med
Term 350
(Select+)
Non Med
Term 350
(Select)
Non Med
Term 350
(Standard)
Fidelity Life
(Select)
American
Fidelity
(NT)
20
$ 27.28
$ 20.42
$ 16.90
$ 19.71
$ 26.05
$ 19.05
$ 23.40
25
$ 27.28
$ 20.42
$ 19.36
$ 21.47
$ 28.69
$ 19.05
$ 23.40
30
$ 27.63
$ 20.42
$ 20.24
$ 23.58
$ 31.33
$ 22.88
$ 26.48
35
$ 30.27
$ 22.88
$ 27.10
$ 32.31
$ 44.00
$ 27.93
$ 32.58
40
$ 39.25
$ 29.04
$ 38.37
$ 46.29
$ 64.59
$ 38.02
$ 48.42
45
$ 59.49
$ 42.59
$ 57.02
$ 69.17
$ 97.15
$ 53.68
$ 71.46
50
$ 89.76
$ 63.18
$ 89.58
$ 107.01
$ 147.66
$ 95.44
$ 111.96
55
$ 130.24
$ 90.82
$ 142.03
$ 167.90
$ 227.22
$ 167.65
$ 161.82
60
$ 202.22
$184.10
$ 212.96
$ 250.80
$ 337.22
n/a
$ 247.14
The policy descriptions of companies referenced in this document were not furnished by those respective companies. If there are questions regarding the descriptions
provided, please contact a representative of the particular company.
The Product: Rider Flexibility
 Disability Waiver of Premium Rider
 Monthly Disability Rider
 Two-year benefit; 90-day elimination;
simplified underwriting
(1.5% of face amount up to $3,000 maximum)
 Accident Only Disability Rider
 Children’s Term Insurance Rider
 Critical Illness Rider
 $20,000 - $100,000 lump-sum benefit;
signature Assurity category approach
 Return of Premium Rider
 Available for 20- & 30-year plans
 Other Insured Rider
Rider Form Nos. R I0762, R I0763, R I0764, R I0765, R I0766,R T25, R T27-E, A-R M35
Life Insurance
Simplified Whole Life:
 Special Marketing features:
 Has:
 Guaranteed and Level Death Benefits
 Guaranteed Cash Values
 Guaranteed and Level Premium
 Simplified Underwriting with Jet Issue.
LifeScape Simplified Whole Life Insurance
-- 3 great products options in 1 application -Modified Benefit
• $5,000 - $25,000
Graded Benefit
• $5,000 - $35,000
Level Benefit
• $5,000 - $50,000
• “No” to all health
questions in
sections A & B
• Coverage possible
for those finding
coverage hard to find
• No physical
• “No” to all health
questions
• No physical
Benefit payment
• No physical
Benefit payment
• 110% return of
premium in year 1
• 40% face year 1
• 75% face year 2
• 100% face year 3+
• 110% return of
premium in year 2
• 100% of full face
amount in year 3+
Life Insurance
Simplified Whole Life Portfolio:

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Non-illustrated product
Age 0 - 80
Available Face Amount $5,000 - $50,000
Simplified Application
Yes/No Underwriting
No Paramedical Exam
Tobacco & Non-Tobacco Rates, M & F
Personal History Interview
Simplified WL App
Simplified WL App
Simplified WL App
Acci-Flex –
Revolutionary New Product!
Accidental Life
+
Accidental DI Rider
+
Return of Premium Rider
Acci-Flex
 Issue ages 18 to 60 (age
last birthday)
 Issue amounts $50,000
to $250,000
 $45 policy fee
commissionable
 Underwriting =
male/female/non-medical
 Limited health questions
 Quick issue for qualified
applications
 Affordable for everyone
 Accidental DI Rider
 90 day elimination
 2 year benefit
 $1800 max monthly
benefit
 Waiver of Premium
 Return of Premium
Acci-Flex Sample Rates
Male age 40, $150,000 coverage, $1500 DI
Return of Premium
Non-Smoker
Industry Average Premium
New Acci-Flex Life
$100 Monthly
$32 monthly
Smoker
Industry Average Premium
New Acci-Flex Life
$175 Monthly
$32 monthly
Can you sell this?
Acci-Flex App
Critical Illness
Why Assurity?
AssurityBalance
Simplified Critical Illness (cont.)
 Return of Premium Death Benefit included: If
insured dies (of any cause) 100% of premiums
paid (less any benefits received) are paid to the
beneficiary
 CI Riders:
 Return of Premium Rider
 Disability Waiver of Premium Rider
 Accidental Death Benefit
 Spouse Rider
 Children’s Rider