Simplified Issue GUL

[HoosierLife]

Nor mine..... Sagicor is not really a replacement for the FE Client looking for easy placement because of poor health. The GUL product is not priced that way.

It is a pure Non-Med Simple issue plan Preferred to Table 2 to age 65.

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Would you say Sagicors GUL is a good option instead of fully underwritten whole life? Like if you had somebody that was relatively healthy, would it be less expensive to put them with Sagicors GUL than RNAs Essental Life?

When you say its non-med to 65, that just means after 65 they will have to do a Paramed correct?

Can you give me some comparison rates versus Essential Life?

What's street comp? And is $25K the lowest you can write?

 

[TwiLight]

Would you say Sagicors GUL is a good option instead of fully underwritten whole life? Like if you had somebody that was relatively healthy, would it be less expensive to put them with Sagicors GUL than RNAs Essentail Life?

When you say its non-med to 65, that just means after 65 they will have to do a Paramed correct?

Can you give me some comparison rates versus Essential Life?

What's street comp? And is $25K the lowest you can write?

I have attached the Agent Spec Sheet so you can see the details.

66+ in age and $250k+ is Full Medical with Paramed, Blood/Urine.

It is a less expensive option than RNAs Essential Life. I prefer to sell the RNA plan after age 65 rather than Sagicor..... It's all about the guarantees at that age.

My personal preference is to sell GUL to the 42-62 Age Group. It is a low cost permanent coverage at that age..... Med is no big deal when I sell it as I usually sell $250k or more in coverage when I sell it.

Sagicor does go down to $25k Face.

The Street commission on the Electronic App is 100% FYC and the Paper App with Phone interview is 85% FYC. Both offer a renewal of 2%.

The Simplified Issue Electronic App is available on the GUL and the 10/15/20 year term products....

 

[StanTheInsMan]

I agree that Sagicor is the way to go. Non-med to 250k up to age 64. All clients need labs 65 and up under no-lapse UL

 

[HoosierLife]

Can anybody send me an app/UW guide for IN?

 

[TwiLight]

Can anybody send me an app/UW guide for IN?

Shoot me your email on a PM and I will send it right over....

 

[WinoBlues]

Shoot me your email on a PM and I will send it right over....

Skipper, any skinny on Sagicor' SIWL coming out onto the 20th?

 

[TwiLight]

Skipper, any skinny on Sagicor' SIWL coming out onto the 20th?

Sagicor Life Insurance Company (Sagicor) is pleased to announce these product changes for the new year.

• Sagicor is introducing the Sage Whole Life product. The whole life insurance product will be available for sale effective December 20, 2014 using eApplications and the Sagicor Accelewriting® process only. Sage Whole Life is available for ages 16 to 85 years with face amounts starting as low as $25,000. Keep in mind that since this product is available on Accelewriting®, you can work with your clients to complete an application and receive an underwriting decision within minutes of submitting the completed application!

• Sagicor is lowering the issue age for the Fixed Indexed Single Premium Whole Life (FISPWL) product. Currently, the FISPWL is only available for clients who are 45 years or older, but effective December 20, 2014, the minimum issue age will drop to 18 years old.

• Please note that our Platinum Universal Life product will no longer be available for sale as of December 20, 2014.

This was the email blast that went out today.... Their website for producers has been down today. Off and on... Due to the traffic. I will post a product Spec Sheet as soon as I can.

 

[WinoBlues]

Sagicor Life Insurance Company (Sagicor) is pleased to announce these product changes for the new year.

• Sagicor is introducing the Sage Whole Life product. The whole life insurance product will be available for sale effective December 20, 2014 using eApplications and the Sagicor Accelewriting® process only. Sage Whole Life is available for ages 16 to 85 years with face amounts starting as low as $25,000. Keep in mind that since this product is available on Accelewriting®, you can work with your clients to complete an application and receive an underwriting decision within minutes of submitting the completed application!

• Sagicor is lowering the issue age for the Fixed Indexed Single Premium Whole Life (FISPWL) product. Currently, the FISPWL is only available for clients who are 45 years or older, but effective December 20, 2014, the minimum issue age will drop to 18 years old.

• Please note that our Platinum Universal Life product will no longer be available for sale as of December 20, 2014.

This was the email blast that went out today.... Their website for producers has been down today. Off and on... Due to the traffic. I will post a product Spec Sheet as soon as I can.

It would be great if it works as well as the GUL.

 

[pcbinsurance]

I'm looking forward to this product. I have a perfect candidate for it right now. I hope it's priced well.

 

[TwiLight]

It would be great if it works as well as the GUL.

That is the plan. It should be the same product they pulled Dec/2012.