GIWL Product Details
What is the Death Benefit range for the GIWL?
What is $5,000-$25,000.
What are the issue ages for the product?
What is 50-80
What is false.
True or False: payment information is needed at the top of the application?
What is false. We do not as for any information until after the client has received an offer.
How often can a client apply for the GIWL?
What is once a year.
What is the maximum face amount?
What is $35,000
True or false: MIB is our primary source of gathering data?
What is False – we do not use MIB, background checks only
How long does it take to get an UW decision?
What is Instant – no human intervention, ever
What platform houses the GIWL application?
What is iPipeline.
What riders are included automatically on the level version of the product?
What is Terminal Illness and Nursing Home Confinement
Name at least 2 UW niches
What is Stage 1 cancers, diabetes with stable A1C and no daily insulin, some stable coronary conditions, arthritis, neuropathy and diabetic neuropathy
True or False:CBRG has up to 3 business days to change an offer?
What is false.
What is Chronic Illness Benefit Rider and Terminal Illness Benefit Rider.
What payment types are accepted on SIWL?
What is ALL - Bank Draft, Credit Card, Debit Card and Direct Express
When is the UW decision rendered in the application process?
What is EARLY! At the front of the application – before bene, payment, and signature date required
In what state is this product NOT approved?
What is What is New York
Premium Payments stops at or before what age?
What is age 90.
What is the name of the level version of the product?
What is SimpliNow Legacy Max
According to our Underwriting Niches, at what max level A1C on a non-insulin dependent diabetic could still qualify for level Death Benefit?
What is 8.6.
How are the benefits paid for the graded version of the product?
110% of DB if death in first 2 years – full DB paid if its an accidental death