Do More with Term Insurance
Published on
August 27, 2020
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Do More with Term Insurance
Shopping for term insurance is more than just comparing spreadsheets. Each product has its own set of unique features, riders and benefits that may or may not fit your particular clients’ needs. Set yourself apart from the competition with these three stand-out term products that offer innovative features and sales opportunities for term insurance.
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More Than DOUBLE Your Coverage at Time of Conversion
Security Mutual Life's LT Security Plus 2 level term plans offer a unique rider, the Enhanced Conversion Rider (ECR). The ECR allows your clients to acquire additional life insurance coverage without additional underwriting and does not impact the underlying term policy and the full death benefit is still available for conversion. By maximizing the benefits of the ECR, your client could turn a $1,000,000 term policy into $2,500,000 of permanent life insurance (universal or whole life) without additional underwriting. All increases are fully commissionable and ARE NOT subject to company approval.
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Convert ART Term to Affordable 20-Year Term
American National (ANICO) has a unique ART product that offers term to term conversions (as well as the standard term to UL conversion). The ability to convert to 20 or 30-year term within the first three contract years (subject to age restrictions) or to permanent products can protect the client’s long term insurability while maintaining low out of pocket costs.
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Add Chronic and Critical Illness Protection to Term
Transamerica's Trendsetter Series combines all of the benefits of term life insurance with policy choices that meet a variety of client needs. Trendsetter LB features Chronic, Critical and Terminal Illness Accelerated Death Benefits built into the product (subject to state availability). Trendsetter LB also offers non-med underwriting options up to $249,999 and a choice of 10, 15, 20, 25 and 30-year level premium periods.
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We at GBS Insurance thank you again for your business. For more information or insurance quote requests, please contact your brokerage manager or give us a call at (800) 473-5966
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For agent use only - not for use with the general public.
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Corporate CA License No. 0D87913
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21820 Burbank Blvd., Suite 301
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GBS Insurance and Financial Services, Inc. do not provide investment, tax, or legal advice. The information presented here is not specific to any individual’s personal circumstances. To the extent that this material concerns tax matters, it is not intended or written to be used, and cannot be used, by a taxpayer for the purpose of avoiding penalties that may be imposed by law. Each taxpayer should seek independent advice from a tax professional based on his or her individual circumstances.
These materials are provided for general information and educational purposes based upon publicly available information from sources believed to be reliable—we cannot assure the accuracy or completeness of these materials. The information in these materials may change at any time and without notice.
© 2020 Arthur J. Gallagher & Co.
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