slide1 n.
Download
Skip this Video
Loading SlideShow in 5 Seconds..
Why Insurance Professionals Should Sell Qualified Plans PowerPoint Presentation
Download Presentation
Why Insurance Professionals Should Sell Qualified Plans

Loading in 2 Seconds...

play fullscreen
1 / 17

Why Insurance Professionals Should Sell Qualified Plans - PowerPoint PPT Presentation


  • 136 Views
  • Uploaded on

Why Insurance Professionals Should Sell Qualified Plans. James Hahn Vice President, Sales. For more information contact your General Agent or dial (866) 545-9058. Why Insurance Professionals Should Sell Qualified Plans. Michael Gunnar Senior Advanced Marketing Consultant. What’s New.

loader
I am the owner, or an agent authorized to act on behalf of the owner, of the copyrighted work described.
capcha
Download Presentation

PowerPoint Slideshow about 'Why Insurance Professionals Should Sell Qualified Plans' - cate


An Image/Link below is provided (as is) to download presentation

Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.


- - - - - - - - - - - - - - - - - - - - - - - - - - E N D - - - - - - - - - - - - - - - - - - - - - - - - - -
Presentation Transcript
slide2

James Hahn

Vice President, Sales

slide4

Why Insurance Professionals Should Sell Qualified Plans

Michael Gunnar

Senior Advanced Marketing Consultant

what s new
What’s New
  • New product enhancement
  • New qualified plan concept
  • New marketing materials
new product enhancement transsecure ii
New Product Enhancement…TransSecure® II

Lower minimum face amounts

New limited underwriting program

benefits of reduced face amount
Benefits of Reduced Face Amount

Increased opportunity to offer life insurance in qualified plans

Life insurance for lower-paid employees

Limited underwriting on face amounts between $5,000 and $24,999

transsecure ii s limited underwriting program
TransSecure®II’s Limited Underwriting Program

For producer use only. Not for distribution to the public.

How does it work?

  • Group must consist of at least seven participants
  • Policies with face amounts between $5,000 and $24,999 must go through limited underwriting
transsecure ii s limited underwriting program1
TransSecure®II’s Limited Underwriting Program

How does it work?

  • At least two lives must be fully underwritten consisting of at least 80% of plans death benefit
  • At least two lives must go through limited underwriting
transsecure ii s limited underwriting program2
TransSecure®II’s Limited Underwriting Program

Submitting new business

  • Prior approval must be obtained from Advanced Marketing
  • Submit cover memo with applications
new qualified plan concept cash balance plan
New Qualified Plan Concept…Cash Balance Plan
  • Opportunity to expand into new markets
  • Businesses with larger number of employees and/or owners
new qualified plan concept cash balance plan1
New Qualified Plan Concept…Cash Balance Plan
  • How does it differ from traditional DB plan?
    • “Hybrid” defined benefit plan
    • Additional plan design flexibility
sales tips
Sales Tips

Terrell Cook

Regional Marketing Director

new marketing material
New Marketing Material

Cash Balance Plan Consumer Brochure*

Cash Balance Plan CE Presentation*

Defined Benefit Plan and Profit Sharing in Combination Consumer Brochure*

* Coming soon

save the date october
Save the Date: October

Next Kick-Off Webinar:

You Can’t Take It With You,

But You Can Give It All Away

October 12, 2010

For more info contact your General Agent or the Sales Desk at (866) 545-9058

slide16

This material was not intended or written to be used, and cannot be used, to avoid penalties imposed under the Internal Revenue Code. This material was written to support the promotion or marketing of the products, services, and/or concepts addressed in this material. Anyone to whom this material is promoted, marketed, or recommended should consult with and rely solely on their own independent advisors regarding their particular situation and the concepts presented here.

Transamerica Insurance & Investment Group (“Transamerica”) and its representatives do not give tax or legal advice. This material is provided for informational purposes only and should not be construed as tax or legal advice. Clients and other interested parties must be urged to consult with and rely solely upon their own independent advisors regarding their particular situation and the concepts presented here.

Discussions of the various planning strategies and issues are based on our understanding of the applicable federal income, gift, and estate tax laws in effect at the time of presentation. However, tax laws are subject to interpretation and change, and there is no guarantee that the relevant tax authorities will accept Transamerica’s interpretations. Additionally, this material does not consider the impact of applicable state laws upon clients and prospects.

Although care is taken in preparing this material and presenting it accurately, Transamerica disclaims any express or implied warranty as to the accuracy of any material contained herein and any liability with respect to it. This information is current as of September 2010.

Transamerica Financial Life Insurance Company is authorized to conduct business in New York.Transamerica Life Insurance Company is authorized to conduct business in all other states.