Email on New GI Issue Product!

[gordon112]

Anybody have the new GI issue National Guardian Life (NGL).

Email features.

This new product from NGL includes these features:

• Issue ages 20-85
• Face amounts from $ 2,500 to $ 25,000
• Extremely competitive premiums
• Agent Street commission of 70%
• Renewal commissions
• Advance Commissions available of up to 6 months (50%) with no interest on advance balance
• Full commission chargeback for death or lapse in the first year only
• Approved in 40 states + DC (not in KS, MA, MN, MT, NJ,NY, OR, PA, VT & WA)
• (This product is not approved for telesales)

Ok, so what are the rates compared to MOO, Vantis, and Gleanor?

 

[SamJackson]

It doesn't beat Vantis for most all rates.

 

[Daytona_Guy]

Anybody have the new GI issue National Guardian Life (NGL).

Yes, I have it.

• 100% Chargeback if death occurs in year one. Nothing beyond that.
• Age 40 to 59 has a three year waiting period (ROP+10%) two year waiting period for all ages 20-85
• Easy one-page application.

 

[gordon112]

Thanks Daytona, doesn't look like it is worth it for older folks over 65.

 

[Daytona_Guy]

Thanks Daytona, doesn't look like it is worth it for older folks over 65.

Nope.. anyone actually selling Gerber G.I. now??

 

[360]

Looks like it's going to be good for younger ages primarily and it will be great to have something for the age 81-85 crowd.

 

[hockeyday]

ok why would you sell kemper vs NGL or vantis?

 

[Mattschmidt]

ok why would you sell kemper vs NGL or vantis?

all three companies have their sweet spots...NGL covers people as young as 18, while Kemper's minium age is 40...Vantis minimum age is 50.... So depending on the situation, one company may be best....Or some people may want a larger amount of coverage, so you would have to write multiple carriers....

 

[Daytona_Guy]

ok why would you sell kemper vs NGL or vantis?

Just one factor in the consideration is the commission on a G.I. product. Save the attacks, I'm saying it is but one factor in your business.

Where Kemper is 55%
NGL is 70%.
I'm not sure what Vantis is.. 30% is what I'm hearing.

Chargeback Policy:

Kemper: 100% chargeback if death occurs in months 1-6, 75% chargeback in months 7-12. Nothing after month 12.

NGL: 100% chargeback in months 1-12. Nothing after month 12.

Vantis: 100% chargeback month 1-2. 50% chargeback in months 12-24.


Issue ages:
Kemper up to age 80
Vantis up to age 80
NGL up to age 85.
- - - - - - - - - - - - - - - - - -

NGL covers people as young as 18,

Almost. They (NGL) cover 20 - 85.
Important to note though that the graded period is two years except the ages of 40-59, where the waiting period is three years.

 

[GoCubsGo]

ok why would you sell kemper vs NGL or vantis?

So you can see it's different situations and your level of ethics. If you are just going to do what's best for our elder citizens, who are placing their trust in you to do what's right for them, you will place them with the best company for THEIR situation. If you are in it for yourself and are commission/chargeback driven you can BS them into the company that works best for you. Some people can sleep at night doing the later. Good for them I guess.