BREAKING NEWS! New, highly competitive graded final expense available now!

[Northeast Agent]

From Ritter:

Good morning.

We are pleased to announce a New Graded Final Expense Product from Guarantee Trust Life Insurance Company (GTL) available to sell now!

A leader in the Senior Market, GTL has introduced a highly competitive graded Final Expense Product that is the perfect complement for your client toolbox. This innovative product has a 5 question underwriting section with no height/weight chart. One set of highly competitive rates with no rate distinction for between smokers and non-smokers. Here are some of the Highlights for this product:

• Issue ages 40-90
• Face amounts from $2,500 to $25,000
• Available by e-APP only – NO paper application
• HIGHLY competitive graded plan – death benefit in Year 1 is premiums paid plus 5%, Year 2 is 50% of the face amount, Year 3 is 100% of face amount; Full face amount is payable on accidental death in Year 1 and Year 2.
• Smokers receive the same rates as non-smokers, making this the best rate for smokers available for most ages
• Minimally underwritten! This plan will accept COPD, oxygen use (except for 24 hour oxygen use), past cancer as long as they are not currently receiving treatment, even people who cannot perform all of the ADLs, wheel chair and walker use
• Application does not ask about diabetes, stroke, heart attack, lupus, anxiety, depression
• JIT appointments in all states except PA, but agents must be contracted to have access to the GTL portal to submit an application
• There is no height/weight chart, no MIB check or prescription check – underwritten only by the questions on the application
• ACH payments only - Social Security draft date available

To learn more, please view the links to additional product information below:*

• GTL’s Heritage Plan Agent Brochure
• GTL’s Heritage plan Client Brochure
• GTL’s Heritage Plan Rate & Underwriting Guide

 

[rousemark]

Looks like they copied the old United GI as far as benefits are concerned. Added a few health questions..

 

[goillini52]

Looks like they copied the old United GI as far as benefits are concerned. Added a few health questions..

Easy to qualify for. Somebody that weighs 1,000 pounds and just had a heart attack can get it. Only Graded. Expensive.

 

[marc82much]

Easy to qualify for. Somebody that weighs 1,000 pounds and just had a heart attack can get it. Only Graded. Expensive.

You have seen pricing? More expensive than AIG?

 

[HoosierLife]

You have seen pricing? More expensive than AIG?

Here's a breakdown between GTL, AIG and Prosperity's Prime Term 100 (near GI).

CLICK HERE

 

[NSRH]

Pricing doesnt matter....

The better question is how do they issue chargebacks and whats the comp for the desperate agent that feels the need to write GI...

 

[HoosierLife]

Pricing doesnt matter....

The better question is how do they issue chargebacks and whats the comp for the desperate agent that feels the need to write GI...

Comp looks similar to AIG. At least at the IMO level. Has a 12 month chargeback rule.

 

[WinoBlues]

Here's a breakdown between GTL, AIG and Prosperity's Prime Term 100 (near GI).

CLICK HERE

Looks pretty close though age 70.

What is the 'street' comp comparison?

Also charge back rules?


Ooops - I should have read through the thread. - what he said.

 

[marc82much]

Here's a breakdown between GTL, AIG and Prosperity's Prime Term 100 (near GI).

CLICK HERE

Nice, thanks.

 

[Newby]

Comp looks similar to AIG. At least at the IMO level. Has a 12 month chargeback rule.

Only for death.