It s d j vu all over again
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It’s Déjà Vu All Over Again. Shelden Smollan Director of Wholesale and Specialty Products Spring 2014.

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It’s Déjà Vu All Over Again

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It s d j vu all over again

It’s Déjà Vu All Over Again

Shelden Smollan

Director of Wholesale and Specialty Products

Spring 2014


It s d j vu all over again

Insurance Supermarket Inc. (ISI) is a Canadian National Financial Brokerage. We provide a full spectrum of personal protection and investment products to serve the needs of our clients.ISI is also dedicated to providing prospecting opportunities (FACE TO FACE) to our network of qualified agents. In pioneering a centralized marketing system we are able to connect prospects in all provinces with local agents in their area. Shared Commission Only.


It s d j vu all over again

ISI has developed trusted relationships with a comprehensive list of leading Canadian insurance providers.

ISI added over 500 brokers in 2013, that sold over 9300 policies from over 39,000 appointments that were provided to them.


It s d j vu all over again

  • iApplication – Propietary application submission platform

  • Current carriers –BMO, Empire, La Capitale, Wawanesa, Industrial Alliance, SSQ, and coming Assumption, Transamerica


Simplified issue life insurance

No medical

No fluids

No APS

Simplified Issue Life Insurance


Customer profile

  • Wants Coverage Fast

  • Doesn’t Like Needles

  • Wants To Maintain Privacy

  • “White Coat Syndrome”

  • May Have Medical Issues

  • Easier to Qualify – Fewer Underwriting Requirements

  • Pre-Underwriting Coverage

Customer Profile


Underwriting issues

Build

Diabetes

DUI / Driving record

Drug or alcohol abuse

Foreign Travel

Depression / Anxiety

MS / Parkinson

Blood Pressure

Cholesterol

Family health history

Conditions making it hard to get coverage

Do you know anyone affected by one or more of these issues?

Underwriting Issues

Simplified issue life insurance is a solution.


It s d j vu all over again

Product features


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  • Terms available :

  • Simplified issue – no medical exam, no blood tests

  • Coverageisimmediate as soon as the policyisissued.

  • Non-participating term insurance

  • Guaranteedlevel premiums

  • Available as an individual policy or as a rider on:

    • InstaTerm or InstaTerm Deferred.

    • Golden Protection, Golden Protection Deferred or Golden Protection Plus on the same insured (maximum of 1 rider) or on a person other than the insured under the policy.


It s d j vu all over again

  • Minimum coverage : $50,000 or $20 per month

  • Maximum coverage : $150,000

    • The sum of all InstaTerm, Golden Protection, Golden Protection Deferred, Golden Protection Plus and Total Protection policies for a single insured cannot exceed $200,000.

  • Automatic renewal until the policy or rider anniversary nearest the insured’s 90th birthday.

  • Rates available for Smoker and Non-Smoker.


It s d j vu all over again

  • Issue age: 20 to 70

  • Annualfees: $80 policy, $60 rider

  • Conversion to Golden Protection

  • Coversion privilege is available if requested:

    • after the first InstaTerm policy anniversary; and

      the insured is at least 40.

  • If only part of the sum insured is converted, the policyholder may keep the balance in force, if the remaining sum insured is at least $50,000.

  • The sum of all Golden Protection, Golden Protection Deferred, Golden Protection Plus and Total Protection coverages for a single insured cannot exceed $50,000.


It s d j vu all over again

  • Termsavailable :

  • Simplified issue – no medical exam, no blood tests

  • Non-participatingtermproduct

  • Guaranteedlevel premiums.

  • The death benefit is deferred for the first two years.

  • Available as an individual policy or as a rider on:

    • InstaTerm or InstaTerm Deferred if the insured is a person other than the insured under the policy.

    • Golden Protection, Golden Protection Deferred or Golden Protection Plus on the same insured (maximum of 1 rider) or on a person other than the insured under the policy .


It s d j vu all over again

  • Minimum coverage : $50,000 or $20 per month

  • Maximum coverage : $100,000

    • The sum of all InstaTerm, Golden Protection, Golden Protection Deferred, Golden Protection Plus and Total Protection policies for a single insured cannot exceed $150,000.

  • Non-renewable

  • Non-convertible

  • Issue age: 20 to 70

  • Annualfees: $80 policy, $60 rider


It s d j vu all over again

Deferred protection

  • If death is non-accidental and occurs before the 2nd anniversary of the policy, the death benefit is equal to the sum of premiums plus interest of 3%.

  • The death benefit is equal to the sum insured:

    • After the 2nd anniversary of the policy;

    • or if death is accidental and occurs in the first 2 years of the policy.


It s d j vu all over again

Benefits

  • Living Benefit

    • the policyholder qualifies for 50% of the sum insured, if the insured’s doctor says the insured will not survive the next 12 months must occur after the 2nd anniversary of the policy,

    • Transportation Benefit

    • $2,000 will be paid, if death occurs over 200 km away from the insured’s primary residence.

    • Payable only after the 2nd anniversary of the policy.


It s d j vu all over again

Accidental Fracture Plus, Child Insurance Rider, and/or Accidental Death.

Other benefits available

Child Insurance Rider

Accidental Fracture Plus

Accidental Death


It s d j vu all over again

Qualification

  • Questions 1 to 11 – InstaTermDeferred and InstaTerm

  • Questions 12 to 27 – InstaTerm

    All questions must beansweredNoin order to submit the application


Competive premium comparison

Competive Premium Comparison


It s d j vu all over again

Med Questions


It s d j vu all over again

Med Questions


It s d j vu all over again

BuildChart


It s d j vu all over again

Med Questions


It s d j vu all over again

Med Questions


It s d j vu all over again

Med Questions


It s d j vu all over again

  • InstaTerm is Convertible.

  • InstaTerm is Renewable to Age 90

  • InstaTerm is priced competetively !!!

  • InstaTerm has a built-in benefits; Transportation benefit and Living benefit

  • InstaTerm makes it easy, a user-friendly e-application system.

Sweet spots


It s d j vu all over again

FYC is 35% T-10

FYC is 40% T-20

BONUS is paid


Getting started with assumption life

1 - Obtain a broker code: Complete the Broker Registration Form and send to your MGA.

2 - You will receive an email from Assumption Life indicating your username, passwordas well as your broker code.

Getting started with Assumption Life!


It s d j vu all over again

SHELDEN SMOLLAN

647 295 8376

[email protected]

If you see someone without a smile,

give them one of yours !!!


It s d j vu all over again

lia.assumption.ca


It s d j vu all over again

We pay 2x WEEK


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PERSONALIZED MARKETING SUPPORT


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EXCLUSIVE VIDEOLEAD GENERATING TOOL


It s d j vu all over again

OUR MAIN FOCUS

Helping You Help Your Clients

" It ain't over 'til it's over "


It s d j vu all over again

SHELDEN SMOLLAN

647 295 8376

[email protected]

If you see someone without a smile, give them one of yours !!!


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