FAQs
How do I add Accidental Death to a TruStage™ Advantage Whole Life sale? The option to add an Accidental Death policy is checked by default, with a default coverage option of $200K. Increments of $100K, $200K, $300K and $400K are available. Choose the option that works for your client, or unclick the policy addition default box to continue with the sale of TruStage Advantage Whole Life only. What if my client is eligible for TruStage Advantage Whole Life but is over age 70? Clients over 70 are not eligible for this bundled product offer and will be offered only TruStage Advantage Whole LIfe.
Is Accidental Death available with any other products? Not at this time.
Is Accidental Death available as a standalone product? Not at this time.
How is compensation paid? Comp is paid in two separate payments. Accidental Death comp is released the business day following the policy status change to Premium Paying. Payment is settled to the agent (if the agent is paid by Ethos directly) or agency (if otherwise) the business day thereafter. TruStage Advantage Whole Life comp is released the business day following the policy status change to Premium Paying. Ethos holds the transition of policy status to Premium Paying for 5 days from the payment date that was selected. If the payment date selected is on a weekend, payment will be processed on the next business day. Payment is settled to the agent (if the agent is paid by Ethos directly) or agency (if otherwise) the business day thereafter. What happens if one policy lapses? If one policy lapses, the other policy remains active as long as premium payments are made. Chargebacks will only be assessed on lapsed policies. If either policy lapses within the first 6 policy months, a 100% chargeback policy applies to the lapsed policy. Can my client specify different beneficiaries for each product? Beneficiaries are entered once for both products and are common to both. Separate beneficiaries can be set up post-activation by the client in the Ethos member portal.
ethos.com
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