GT100
Anthony took out a $75,000 GT100 Paid up at 65, how much of the policy is coming out of their gross pay?
The first $50,000
Is the family Cancer Endurance Plan pre tax or post tax?
Pre-tax.
What is the minimum amount someone can pay per week into the policy?
$1.00
How much is this policy for an individual per week?
Zero.
Maria is 57 years old, she currently has $20,000 in coverage. How much additional coverage can she add of the group term paid up at 65?
zero. past the age for eligibility of paid up at 65 option.
How much daily pay is for chemotherapy and radiation treatment?
Up to $500 per day.
Is this policy pre tax or post-tax?
Post-Tax
How much is the accidental death payout for a spouse covered if it was any type of accident?
$12,500
Mark has a wife and 2 children in elementary school. Mark has already had a stroke. Of his three family members, how many of them are able to be covered on the critical illness protector?
Only his spouse. You must be 18 years old to participate.
Marcus is 9 years removed from cancer and has diabetes without insulin. Is he able to get the GT100?
No, you have to be at least 10 years removed from cancer. Diabetes is okay, as long as there is no insulin.
Jeff had a melanoma at the age of 3. He is 40 and hasn't had any medical issues since, incredibly healthy. Can he partake in the policy?
No, once you've had cancer, you cannot be issued the cancer endurance. The only exception is if it was a form of skin cancer BESIDES a melanoma.
What is the maximum amount of coverage able to be issued on this policy for the employee, and then the maximum for a spouse/dependent?
$50,000 is the maximum the policy can have in coverage on any person on the worksite.
What is the daily stay pay for hospital confinement when only having the policy in force for 16 months?
Greg is receiving a $40,000 payout on the cash cancer, how much in taxes does he have to pay on that?
Zero.
What is the maximum amount of coverage a spouse of an employee can get of the GT100 in North Carolina and South Carolina? And how much is able to be pre-tax?
North Carolina- $50,000
South Carolina- $10,000
No spouse or dependent can get pre tax life insurance
What is the daily stay pay for hospital confinement?
First 90 days is $250.00 per day. 91 days or more is $600 per day.
What is the price percentage increase when transferring the ownership of the policy to the employee's dependent?
Zero.
What is the ambulance coverage max payout?
$300
Ashley took out the cash cancer family plan for $50,000 in coverage. Her and her husband were diagnosed with cancer at the same time. Who is going to receive the $50,000 payout?
They both will.
Stephen is 57 years old. What is the total amount allowed in coverage for the GT100?
$50,000
There's no maximum; as long as you're getting the treatments, we'll keep paying.
Brenda currently has cancer and had a heart attack 4 years ago. Is she eligible to get coverage on the policy?
Yes, however, whole life coverage gets rated.
Example: Brenda submits $50,000 for $23.48 per week. However, with her medical history, she will be rated to where that coverage will drop to $1,200 for the same price.
How many claims is an insured able to file in one calendar year?
Unlimited
What is the starting cost per week for the Cash cancer and Critical Illness?
Cash Cancer- $1.22
Critical Illness- $0.86