Final Expense Whole Life - Secure Advantage. Underwritten by: Standard Life and Casualty Insurance Company
The 3Ws of Final Expense - Secure Advantage.
Who We Are? Being an independent company grants us the freedom to align our decisions with our values and core mission of helping policyholders achieve and maintain health, wealth, and security throughout their lives.
Why Final Expense? Our Final Expense plan is well- crafted to offer our clients peace of mind by ensuring stability and security for their family's financial future. Allows us to tailor coverage to meet our clients' specific needs with a competitive plan to support them throughout their entire life journey.
Working with ManhattanLife?
At ManhattanLife, we strive to provide you with a seamless experience! The Agent Resource Center, known as ARC, is your go-to tool for quick access to brochures, applications, and forms essential for policy and commission details. ARC simplifies your workflow and ensures you have all the necessary resources at your fingertips.
Plan Highlights & Available Max Benefit Levels.
• Rates will never increase. • Coverage will never decrease. • Builds cash value. • Benefits are Income-Tax free. • No waiting period for full coverage. • Permanent Insurance Policy. • Accidental Death Benefit Rider. • SSN/ITIN accepted.
Ages and Amounts • Issue Ages 0 – 85 / Available Max Benefit Levels* : 0 - 49: $50,000 | 50 - 80: $25,000 | 81 - 85: $15,000 States: AL, AR, CO, GA, ID, IN, KY, LA, MS, MO, NV, NC, OH, OK, SC, SD, TN, TX, UT Age Min. Face Amount Max. Face Amount 0-49 $3,000 $50,000 50-80 $5,000 $25,000 81-85 $5,000 $15,000 States: FL Age Min. Face Amount Max. Face Amount 0-85 $3,000 $25,000
Accidental Death Benefit Rider
Optional Rider: If the rider is selected, the applicant must have a face amount in the base policy that is equal to, or higher than, the Accidental Death Benefit Rider selected. For example: If Insured would like an Accidental Death Benefit Rider of $5,000, they must have selected a $5,000 or higher death benefit. (Rider available up to age 65.)
Product Availability Map
• State specific applications. AL, AR, FL, KY, LA, MO, NC, OH, OK, UT
Rate Guide - ARC • Issue Age Rates: Final Expense rates vary by rate class and age. Consult Rate Sheet per State. • Preferred Rating (non-tobacco) Standard Rating (tobacco). • (Male/Female rating apply) * Height & weight can affect rating in all states and in all age ranges.
Product - Key Features Overview.
Ineligible Persons include anyone who: • Is currently incarcerated, is on parole or was released from prison within the last 2 years. • Is terminally ill, in a psychiatric facility, or mental incapacity and/or lacks the legal capacity or mental facility to conduct their own affairs. • Has not been a permanent US resident for at least 12 months. • Infant is younger than 6 months old. 4 Non-Forfeiture Options (In the event the policy holder is unable to afford to their premium payments) • Cash Value: policy holder can surrender their policy for full cash value. • Paid up Insurance: policy holder can request, to place policy on paid up status. Cash value is used to purchase a reduced face value, and the policy holder will never have to make another premium payment. • Automatic Premium Loan: if we stop receiving premium, the policy holder can use available cash value to take a loan out and pay premium payment. • Extended term: cash value can be used to purchase coverage for the full death benefit amount for a certain period.
Policy holders can borrow against accumulated cash value at a 7.4% interest rate! (7.4% interest rate, is often lower than banks or credit cards) 10 Easy Steps in the Agent Guide
No Waiting Period for Coverage! (2-year contestability period from effective date applies)
Key Sales Points for your clients.
Save them money, get them more coverage for their premium dollar, maximize your renewals through the higher persistency expected from lower premium rates, and minimize the possibility of someone replacing the policy later.
Underwriting Key Points.
Final Expense product for your healthiest clients. The Secure Advantage product's Point-Of-Sale Application Processing uses Yes/No health answers, without judgment-based underwriting, and includes the application form, MIB report, prescription history, and a verification call with the applicant.
• High blood pressure and diabetes is an automatic decline. • If they have type II non-insulin diabetic- rated up 6- years. • If they have high blood pressure rated up 6- years • If they have type II non-insulin diabetic and over H/W- rated up 7 years. • If, they have high blood pressure and over H/W- rated up 7 years. • Height & Weight • If over Preferred Maximum Weight limit in Height/Weight Add 7 years to age • If over Standard Maximum Weight limit in Height/Weight Table Decline. Applicants 0-49
• Medical questions on application, point of sale telephone interview, prescription drug check and MIB check. • If insurable interest is questionable, a background check may be ordered. • We must order medical records: a. If client is age 80+ b. On all additional applications, reinstatements.
Applicants 50-85
• Insulin dependent diabetes is acceptable if units don’t exceed 50 per day. • Type 1 insulin diabetes is an automatic decline in the state of Florida. • Height & Weight • If applicant’s weight is at or below the Preferred Maximum, they qualify for Preferred Rating. • If applicant’s weight is above the Preferred Maximum and at or below the Standard Maximum, they qualify for Standard Rating. • If applicant’s weight is above the Standard Maximum, the applicant is declined.
Processing and Application Call-Outs!
• Available via E-App: ManhattanLife's online application enrollment/ quoting tool (10 Easy Steps in the Agent Guide).
• Submitting Paper Applications: Fax – 1-866-754-9350 Attention: New Business Mail – P.O. Box 510690 Salt Lake City, UT 84151-0690.
Required Information
Complete residential address
• • • •
Date of birth Plan selection Correct Premium
• Bank draft date/Policy effective date • Eligibility questions • Applicant’s signature • Agent’s signature • Agent Number
Required Forms: 1. Replacement Form is required if agent is replacing insurance. (GA state specific replacement form) 2. Bank Draft Authorization Form : If client’s elects to pay premiums via bank draft. (EFT) 3. HIPAA Authorization Form.
Agent Support and Sales Tools.
Final Expense Whole Life - Secure Advantage.
• Agent Resource Center (ARC) / ManhattanLife – Access E-App. • Marketing Collaterals and Training Videos.
• For end-to-end agent support T: 1-(800) 369-3600 E: aces@manhattanlife.comor SLACAgentSupport@manhattanlife.com
Our team of dedicated professionals is here to listen to your unique needs and challenges. By taking the time to thoroughly understand and assess your individual circumstances, we can tailor our support and services to meet your needs.
Thank you for joining us today!
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