AppMan^© Presents: "Buy Two for the Price of One"
 

AppMan^© has found a new diamond in the rough.  You now have the ability to offer your clients the best of both worlds; term and universal life, in one nice package. No decision is required today as to which product to sell because you can offer your client the new universal life product with term-like initial premiums from an “A“ rated carrier. 

This unique universal life insurance policy is designed to allow your client to choose periodic, planned premiums for death-benefit guarantees of 10, 15, 20 or 30 years that are comparable and often times less than traditional term premiums for the same periods. After the initial level period, this product offers a level premium death-benefit guarantee that will keep the policy in-force for life, even if the policy values are depleted.  

What if you could hold a crystal ball?

On a traditional term sale, future conversion opportunity is often times discussed. The problem with converting a tem plan is the uncertainty regarding the plan offered at the time of the future conversion. How would you like the ability to tell your clients what the premium will be after the guarantee period of the term has expired? No problem – the team at Financial Markets, Inc. can calculate it for you today on this new plan. No guess or speculation involved. You can inform your clients with 100% certainty what the premium will be after the guarantee period; and guess what – the new, increased conversion-like premium is guaranteed to age 105. Your clients no longer have to worry about what type of product will be available in 10, 15, 20 or 30 years after the initial level term has expired. They will know from day one as to their opportunity at the end of the term period.

Let’s compare this new product with a traditional term product with conversion options.

Our example: Male, Age 45, Preferred Non-Tobacco, $250,000 20-year term

Annual Premium:

• Genworth Life Colony Term UL 20

  • $409.32  Annual Premium Guaranteed Level 20-years

  • $5,608.37  Year 21+ Guaranteed Conversion-Like
    Annual Premium Guaranteed Level to age 105
     

• Company B Traditional 20-year term

  • $419.00  Annual Premium Guaranteed Level 20-years

  • $6,234.30  Year 21+ Conversion Annual Premium, Lifetime Guarantee
    Estimated Based on Current Conversion Product Offered

Click here to view the illustrations for the above calculations.

We know that the Insurance industry is ever-changing. Many carriers have changed the conversion opportunities of available products for in-force policy owners. Some carriers have even limited the products available to Non-Guaranteed Traditional Universal Life products or Whole Life Products only. You do not have a crystal ball to know what your client can or cannot convert to in 20 years on traditional term products. So why not select a product where you can document, for certain, what the clients' options will be after the initial guarantee period?

Do not misunderstand me here – AppMan^© still likes the traditional term products, and they will continue to fit very well in your portfolio. But now you have more options available to you. Click here to view the Colony Term UL Fact Sheet.

Now you can take the crystal ball with you to every appointment.

Contact the Financial Markets, Inc. Marketing Department for a quote today at 800-888-2829 or Marketing@fm-inc.com.

AppMan Riddle of the Day:

What kind of candle burns longer, a red candle or a green candle?

Email your answer to AppMan@fm-inc.com, and the first 20 agents that answer this riddle correctly will be put into a drawing for a gift from Genworth.

Written by: AppMan^©