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.
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