SIWL Product Details
The SIWL issue age is 45-85?
True or False
False: What is 50-80
True or False: A tele-interview might be required for the SIWL applicant?
What is false. never required
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.
What is the maximum face amount?
What is $35,000. Depending on their age.
True or false: MIB is our primary source of gathering data?
What is False – we do not use MIB, background checks only
T or F
If the client has HIV/AIDS, Uncontrolled diabetes, or severe mental health issues/suicide, CB doesn't have a product for them?
What is False:
SS#, can own/sign app, and 50-80, we have a product for them.
What riders are included automatically on the level version of the product?
What is Terminal Illness and Nursing Home Confinement
True or False: If a client has Cancer, they are automatically a GIWL prospect?
False: There is a page of stage I and II cancers that are eligible for level or graded DB.
True or False:CBRG has up to 3 business days to change an offer?
What is false.
What payment types are accepted on SIWL/GIWL?
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
If the client doesn't qualify for the SIWL, you can start a new application for the GIWL?
T or F
False: when prompted, the system will create a new application for you with the data already entered.
If a client doesn't know their current A1C, what risk options are available?
Level? Graded? Guaranteed?
What is Level.
With the recent changes in our diabetes automated underwriting, we have made adjustments to allow best risk (level) eligible for those that don't remember, or are unaware of their last reading.
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 9.9 (Was 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