Basic Life
What is the plan code for our basic life products?
13z/29k
Should you complete an Evaluate statement on a Term life?
Yes
What is the plan code for our Universal life products?
19f/20f
What are the plan codes for our SPWL products?
14Y/14Z
What is the minimum age for a Grade Basic Life product?
Age 50
What is the minimum face amount available for our term products?
$100,000
What are the Easy issue qualifications?
age 18-65, with a face amount under $150k
Beneficiaries must be immediate family
No to all health questions
No replacements
What is the commission rate for a 70 y.o purchasing a GBL policy through Bankers Life?
30%
Which product is more suitable for someone with diabetes who uses insulin daily?
29k
Susan is 65 and wants a 20 year term for $200k, what can you do to help her?
Susan unfortunately doesn’t qualify due to age for a 20 year term, You should let her know that Bankers offers a 10 year Guaranteed Renewable term that she does qualify for that suits that solves her need.
What is the maximum table rating on a Universal Life?
Table P
What is the commission rate on a 82 y.o getting a 13z?
22.50%
What is the look back period on Skin cancer?
There isn’t one! Q3 ask about INTERNAL cancer.
How does a policy conversion work on a Bankers life term policy?
You have the option to convert a term policy into a whole or universal life policy without answering health questions based on your qualification for a term; as long as the conversion happens before policy year 5 or age 70.
Charles is looking for more life insurance:he is 60 years and has a birthday approaching, he lets you know he has been in great health other than the heart attack he had when he turned 55. He is no longer being treated for the heart attack but he goes to see his specialist every 3 months. Does he qualify for a UL?
Most likely yes with a higher table rating, depending on how his doctor charts his medical record.
What is a MEC?
A modified endowment contract (MEC) is a cash value life insurance policy that has lost its tax benefits because it contains too much cash.
I’m 25 years old and have Sickle cell, I am prescribed an opioid for my chronic pain and complications. What can I get?
Likely a 13z, depending on other medicines prescribed over the last 3 years.
What is the plan code for our ReliaTerm Product?
5B3 for 10 year
5C3 for 20 year
What Riders are available on the Universal Life products?
WoP, Accidental Death, Term rider, ABR for Critical Illness
Log into evaluate on your phone and quote the following Universal life:
67 year old male with type 2 diabetes, with neuropathy
Non tobacco user, bp 140/80, 6’6’’ and 205lbs
Table D