Systems what?
The system used to record call details and process workflow.
What is Chorus?
I am the role that has all rights to the policy and request and information or request any changes.
What is the Policy Owner?
Type of product that can have fixed or flexible premiums.
What is permanent?
The types of Universal Life products available with Penn Mutual.
What are Fixed UL, Indexed UL, and Variable UL?
The system used to view policy details, financial transactions and quote values.
What is CK10?
I am an individual that works with the client on behalf of a company, for their benefit.
Who is the Financial Professional?
The level periods offered on Penn Mutual Term products.
What are 1, 5, 10, 15, 20 and 30 years?
This creates the need for client to purchase life insurance.
What is Risk?
The system used to verify the status of a Financial Professional.
Field Finder
I am an entity that requires an officer to call and speak on my behalf.
What is a Corporate Owner/Corporation?
An addition to a policy that provides enhancements or protection.
What is a Rider?
This is the amount required for the insurer to secure the death benefit on a policy.
What is Cost of Insurance (COI)?
System we can use to create policy summaries and see recent correspondence sent to the client.
What is Insight?
I am an individual who has legal authority to act on behalf of another individual.
Who is Power of Attorney (POA)?
Type of request that will permanently reduce the value of a policy, however has the potential to increase if annual awards are given to the policy.
What is a Dividend Surrender?
This is what determines if an individual or entity should own a life insurance policy on another individual.
What is insurable interest?
System we use for meetings and to communicate with our teammates, via message.
What is Zoom?
I am a role that would be calling to check the status of an outgoing replacement.
What is the 1035 Exchange Company?
The ways in which a permanent product can accrue value in a life policy.
What are interest credits, market returns or dividends?
This type of disbursement cannot be repaid and will permanently reduce the policy value.
What is a partial withdrawal?