Term Vs Whole Life
Provides lifelong coverage and builds cash value.
What is whole life insurance?
Easy entry point for servicemembers 18-44 to get all the benefits of Membership and up to $100,000 coverage.
What is BeyondBasic®?
Bread-and-butter term product. We sell the most of this policy (42%).
What is Level Term II?
Flagship whole life product.
What is VAWL?
Audience for Generations Plus.
What are young children / grandchildren?
Temporary, affordable coverage for a set number of years.
What is term life insurance?
Eligibility requirement for BeyondBasic.
What is a qualifying military physical within the last 9 months or military career enhancing school acceptance?
Type of underwriting for Level Term II.
What is full underwriting?
VAWL feature that can change yearly.
What is the crediting rate?
Two products guaranteeing acceptance.
What are Guaranteed Acceptance+ & Final Expense+?
Two differences between term and whole life.
What are coverage duration, cash value accumulation, or cost?
Entry-level policy for ACTIVE servicemembers aged 18-49 and their families.
What is Level Term I?
Short-term bridge product.
What is 5-Year Renewable Term?
Two products that are the same policy.
What are Guaranteed Acceptance+ and Final Expense+.
Ranks eligible for a CAP loan with a policy.
What is E4-O5
What happens to term premiums if you outlive the term
What is the policy ends with no payout (unless you have a return of premium rider)?
Policy that requires no exam, but you must answer 5 questions.
What is Simple Term?
Age Level Term I death benefit decreases.
What is age 50 (40 for nicotine users)?
Why choose Annuity Life nearing retirement
What is guaranteed lifetime income?
Strategic purpose of CAP.
What is attract young servicemembers?
Two reasons whole life premiums are higher.
What is guaranteed pay out when you die, builds cash value over time (which you can borrow or withdraw if needed) and premium is locked in for life (even when you age or your health changes)?
ELIGIBLE for jet-issue up to $400K
What is Level Term I?
Product that we do not technically market.
What is 5-Year Renewable Term?
Can be purchased for up to $1M coverage, with a 2.5% crediting rate
What is Wealth Builder?
Least number of policies sold last year.
What is Wealth Builder and AnnuityLife® (52 policies)?