Address Changes
In order to process an address change the policy status must be?
What is Normal Premium Paying
Provides a loan to pay overdue premiums; allowing the policy to continue in force as long as there is enough cash value to purchase one day's coverage.
What is Automatic Premium Loan (APL)
Current loan interest rate for the Premier Whole Life
What is 8%
Provides an additional death benefit if the Insured's death is the result of an accidental injury.
What is Accidental Death Benefit
What are the two currently sold products?
What are Farmers Essential Simple Whole Life (FESWL) Farmers Graded Death Benefit Whole Life (FGDBWL)
This is the acronym for Boulevard
What is BLVD
The available cash value minus any outstanding loan is used to pay the policy to its maturity date for a reduced face amount. Policy will have a reduced face amount with same maturity date. The loan is then wiped out and is no longer on the policy.
What is Reduced Paid Up (RPU)
How often is loan interest charged?
What is Annually
ABR - TI
What is Automatic Benefit Rider - Terminal Illness
Plan Code 105
What is Fixed Premium Whole Life
What tab in csA would you preform the manual address change/update on, for the policy owner?
The available cash value is used to purchase term insurance for the face amount minus any outstanding loan. Policy will have the same face amount but different maturity date.
What is Extended Term Insurance (ETI)
A loan interest statement is sent to the customer each year on what date?
What is The Policy Anniversary
This benefit provides the option for increases in coverage without evidence of insurability on the Insured's 25th, 28th, 31st, 34th, 37th, and 40th birthdays
What is Guaranteed Insurability Benefit (GIB)
Which of the Whole Life products had No Face Amount minimums or maximums?
This program can be used to change the address on a policy with a multiple address indicator
What is Life Workflow (Robot Worksheet) or LifeComm
On LifeComm NFO 3 is which option?
What is APL
When the the loan amount becomes greater than the cash value
What is Overloan
Waives all premiums due during a qualified disability of the Insured, providing that the disability lasts six consecutive months.
What is Waiver of Premium
This product was discontinued on 12/7/2019
What is Farmers Premier Whole Life (PWL)
To locate address changes in workflow, which work type should you filter by?
What is Address Chg
You may take a loan, but cannot add the deposit fund (if applicable) on which NFO type?
What is RPU
The minimum loan amount for a FESWL in New Mexico
What is $250
The cost of this rider is $10.50 annually per $1,000 of coverage.
What is Children's Term Insurance Rider (CIR)
This whole life product does not have guaranteed level premiums for life.
What is Variable Premium Whole Life (VPWL)