Got Life?
Explain differences in 13Z & 29K
29K Graded, Different Issue Ages, Not Immediate benefit.
What are the (3) riders on our 13 Z life?
Accidental Death, Reinstatement, Accelerated Death
When's the best time to buy a Medicare Supplement.
See p. 77
Explain Power of Zero.
See Answers.
How much do we recommend clients leave liquid for annuity suitability?
25,000
What is Evaluate?
A tool used to factor someones Rate on underwritten life.
Explain the ROP Rider on LTCF+
Return of Premium, goes back to the client's estate. The amount returned depends on any claims filed on how long they have the policy in place.
What is an example of Creditable Drug Coverage.
See p. 84
Why is the 5&5 Annuity different than other annuities?
5 year surrender, fixed interest annuity.
Who is our Humana Representative?
Jason Hasman
What is the maximum face value on a 29K?
$30,000
Explain the ABR Rider on Universal Life policies and how it can be used.
Can be used to help pay for potential LTC costs.
When is the Annual Enrollment Period?
Oct 15-Dec 7
How long is the surrender schedule on ALL of our Fixed Indexed Annuities? (Security Builder, GLIA, FPBIA, etc)
10 years
Name at least 4 of the 6 ADL's
Transferring, Incontinence, etc.
See full ADL list.
What is a "Target Premium" for Universal Life?
Target premium should guarantee that the policy stays in force for the life of the client.
Explain inflation protection when it regards to LTC/STC?
IT allows the policy to grow each year to help keep pace with inflation.
How much is the Part D Late Enrollment Period?
1% per month of no coverage based off of the national avaerage of a PDP/month.
What makes the GLIA so unique in our annuity catalog?
No rider for Guaranteed Income, can turn income stream on and off, even though income stream is turned on it is not annuitized.
What year did Plan F stop being offered for new to Medicare clients?
2020
What is the minimum Face Amount on our Juvenile policy?
$10,000
Name at least (3) riders available on all UL series.
ADB, Children's Term, ABR Rider, Primary Insured Term, Unemployment Rider, Additioal Insured Term Rider
What page do they discuss Long Term Care in Medicare & You 2025?
see p.56
How many years is the Surrender Scheduled on our Fixed LA-06T Annuity
9 years
What is the difference between the CI 220 & CI 220 plan.
One covers Cancer, other covers Heart/Stroke/ESRD