Medicare
What are the two parts of original medicare
A and B
What are the two types of life insurance.
Term and Perm
Whats one advantage of a Fixed Indexed Annuity
Principal Protection, market participation, tax advantage growth
What is one type of incidental we offer?
Dental, Hearing, Vision, Hospital Admission, ID Shield etc.
What animal is the Jax office mascot?
A shark
Name 3 Medicare Supplement plan types.
F, G, N, High deductible G, K, etc.
If a client decides they do not want a monthly premium but has excess funds what life product could we reccomend?
SPWL
What does a surrender charge mean?
Client gets penalized for taking money out early
Which incidental covers extractions cleanings and routine exams.
Dental
Whats the code to enter the building after hours
6225
Health Maintenance Organization
What kind of life policy has flexible premiums.
Universal Life
What is a par rate?
The participation amount the index takes in market growth
Does hospital indemnity insurance pay the provider or the policyholder?
The policyholder
Explain the agent levels 1-5 promotion . (Looking for the requirements to increase a level.)
1->2 15K commission
2->3 40K commission
3->4 70K commission
4->5 100K commission
How many months does a T65 have to sign up for Medicare penalty free?
7 months
What rider allows the policy holder to access death benefits while alive due to illness?
Accelerated Death Benefit Rider?
What does MYGA stand for?
Multi Year Guaranteed Annuity
What is a Recurrence Benefit
Allows payout multiple times after first diagnoses
What is Jordan's favorite color?
Red
What is the penalty for a late Part B enrollment
10% to your monthly premium for each full 12-month period
List 2 non-forfeiture options
Reduced paid up
Automatic Premium Loan
Cash Surrender Value
Extended Term
What tax advantage do annuities offer during accumulation?
Tax-deferred Growth
How is the Wednesday someone receives their social security check determined?
Their birthday
What is Tre's birthday?
August 1st