masterchoice eiul l.
Download
Skip this Video
Loading SlideShow in 5 Seconds..
MasterChoice EIUL PowerPoint Presentation
Download Presentation
MasterChoice EIUL

Loading in 2 Seconds...

play fullscreen
1 / 29

MasterChoice EIUL - PowerPoint PPT Presentation


  • 269 Views
  • Uploaded on

MasterChoice EIUL. MasterChoice EIUL. The Industry’s Best Equity Indexed Universal Life No Lapse Premium Guarantee to Age 100 15 Year Minimum Death Benefit Guarantee Outstanding Cash Accumulation Liberal “Catch-Up” Provision Two Years to Collect First Year Commission. MasterChoice EIUL.

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 'MasterChoice EIUL' - jana


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
masterchoice eiul2
MasterChoice EIUL

The Industry’s Best Equity Indexed Universal Life

  • No Lapse Premium Guarantee to Age 100
  • 15 Year Minimum Death Benefit Guarantee
  • Outstanding Cash Accumulation
  • Liberal “Catch-Up” Provision
  • Two Years to Collect First Year Commission
masterchoice eiul3
MasterChoice EIUL

The Industry’s Best Equity Indexed Universal Life

  • Extended Maturity Option
  • Unbeatable Liquidity with Surrender Charge Waiver
  • Current Illustrative Rates
    • 9.91% on Indexed Account
    • 5% on Fixed Account
  • 100% Participation Rate Guarantee
masterchoice eiul4
MasterChoice EIUL

The Industry’s Best Equity Indexed Universal Life

  • 17% Current Cap Rate with 3% Minimum Guarantee Cap Rate
  • Point-To-Point Annual Reset
  • Ultimate Flexibility – choice between Indexed Account (S&P 500) and Fixed Account Options
  • Simple Underwriting Guidelines
  • Liberal Preferred Underwriting Requirements
slide5

MasterChoice EIUL

  • Issue ages: 0 - 85 (age last birthday)
  • Minimum Face Amount: $100,000
  • Maximum Face Amount: None
  • Four Premium Classes
    • Preferred Nontobacco - 24 months
    • Nontobacco - 12 months
    • Preferred Tobacco
    • Tobacco
slide6

MasterChoice EIUL

  • Guaranteed interest rate: 1%
  • Current illustrative interest rates
    • Equity Indexed Account: 9.91%*
    • Fixed Account: 5% (guaranteed for 1st policy year)
  • Surrender charge period: 15 Years

* Based upon last 15 Years Performance of S&P 500

masterchoice eiul7
MasterChoice EIUL
  • Withdrawals and partial surrenders permitted after first year ($500 minimum with a $25 charge)
  • “Low Cost” policy loans for 1st 10 policy years (2% net cost)
  • “No Cost” policy loans available after 10th year
current illustrative rate
Current Illustrative Rate

S&P 500 Index Fixed

Year Growth Allocation Allocation

1988 23.51% 17.00% 5.00%

1989 4.40% 4.40% 5.00%

1990 13.40% 13.40% 5.00%

1991 10.53% 10.53% 5.00%

1992 8.08% 8.08% 5.00%

1993 2.48% 2.48% 5.00%

1994 17.13% 17.00% 5.00%

1995 25.96% 17.00% 5.00%

1996 28.82% 17.00% 5.00%

1997 24.53% 17.00% 5.00%

1998 22.55% 17.00% 5.00%

1999 7.68% 7.68% 5.00%

2000 -14.53% 1.00% 5.00%

2001 -17.70% 1.00% 5.00%

2002 -6.30% 1.00% 5.00%

allocation dates
Allocation Dates
  • Maximum of 4 purchase option dates per year
    • February 15th
    • May 15th
    • August 15th
    • November 15th
  • Premiums received prior to purchase option dates will earn a 5% fixed interest rate in a “short-term” account until the next allocation date
  • Premiums must be received 2 business days prior to the next allocation date
slide10

MasterChoice EIUL

Age 100 Death Benefit Guarantee

  • Target premium GUARANTEES the death benefit to age 100 at all issue ages

Target Male (PNT) Female (PNT)

    • Age 35 $ 7.08 $ 5.64
    • Age 45 $13.20 $10.56
    • Age 55 $18.84 $15.48
    • Age 65 $30.96 $26.40
slide11

MasterChoice EIUL

15 Year Minimum Death Benefit Guarantee

  • Minimum premium guarantees the death benefit for 15 years

Minimum Male (PNT) Female (PNT)

Age 35 $ 3.60 $ 2.88

Age 45 $ 6.60 $ 5.28

Age 55 $11.40 $ 9.00

Age 65 $26.64 $19.20

slide12

MasterChoice EIUL

Two years to collect first year target and get paid first year commission!

slide13

MasterChoice EIUL

Example: Male – 45 – PNT - $100,000

Target premium - $1,320

Client pays $660 per year for 15 years of guaranteed death benefit and 43 years of coverage on a current illustrative interest rate of 9.91%

Agent receives commission as follows:

First year commission rate X $660 in 1st year

First year commission rate X $660 in 2nd year

Total commission is two times

the first year premium

slide14

MasterChoice EIUL

“Catch Up” Provision

  • At the end of the 10th policy year and every 5 policy years thereafter, policyholder has right to pay any missed target premiums from prior years
  • By doing this, the No-Lapse Guarantee will not be forfeited
  • Allows policyholder to pay premiums they can afford now and “catch up” target premiums to keep no lapse protection in effect
slide15

MasterChoice EIUL

Surrender Charge Waiver

  • No surrender charge will be applied to all premiums paid in excess of target premium in any policy year minus a 5% premium load
  • Exceptional Liquidity for 1035 Exchanges and Over Funded Sales

Example:

    • Target premium is $1,320 with a 1035 Exchange of $10,000. The guaranteed surrender value in the first year is $9,603.18
slide16

MasterChoice EIUL

Extended Maturity Provision

  • $1 of cash value at age 100 will maintains the death benefit beyond age 100 with no further premiums

Example

    • Face amount is $1,000,000 at issue and has not been reduced for the life of the contract. If there is at least $1 of cash at age 100, the $1,000,000 death benefit will remain in force for lifetime.
slide17

MasterChoice EIUL

Ultimate Flexibility in Choice

  • Option to allocate premium payments between an Indexed Account and a Fixed Account
  • Option to choose percentage of allocation between accounts as long as percentage totals 100%
  • Allocation percentages between Indexed and Fixed Accounts can be changed on policy anniversary
  • Policyholder must give company notification of any percentage changes at least 30 days prior to policy anniversary
slide18

MasterChoice EIUL

Outstanding Features

  • 100% Guaranteed Participation Rate
  • Point-To-Point Annual Reset
  • 17% Current Cap Rate
  • 3% Minimum Guaranteed Cap Rate
  • 1% Minimum Guaranteed Interest Rate
  • Index Gains Linked to S&P 500
masterchoice eiul19
MasterChoice EIUL

Simple Underwriting Guidelines

  • No Blood (Exam and HOS Only)
    • through age 40 and $500,000
    • through age 50 and $250,000
  • Only four underwriting bands
  • Easier for client to qualify for best rates
masterchoice eiul20
MasterChoice EIUL

Liberal Underwriting Requirements

  • Liberal Height & Weight Chart
  • Liberal Blood Pressure Readings
    • 150/90 age 50 and younger
    • 160/95 ages 51 +

(blood pressure treatment allowed if controlled over

last 2 years)

masterchoice eiul21
MasterChoice EIUL

Liberal Underwriting Requirements (cont.)

  • Cholesterol Readings
    • 260 age 50 and younger
    • 280 ages 51 to 65
    • 300 over age 65
    • Cholesterol/HDL ratio cannot exceed 7.0

(Cholesterol treatment allowed if controlled over last 2 years)

slide22

MasterChoice EIUL

Available Riders

  • Accelerated Death Benefit
  • Accidental Death Benefit
  • Child’s Level Term Insurance
  • Disability Income
  • Waiver Of Monthly Deduction
  • Ultimate Income
masterchoice eiul summary
MasterChoice EIUL Summary

With MasterChoice EIUL you have:

  • an EIUL that provides upside growth potential with downside protection
  • an EIUL that provides lapse protection with death benefit guarantees
  • an EIUL that offers ultimate flexibility with choice between Indexed and Fixed Account Options
  • an EIUL that pays the agent for their hard work
  • an EIUL that benefits the client when excess premiums are paid
  • an EIUL that extends death benefit for lifetime with only $1 of cash value
masterchoice eiul25
MasterChoice EIUL
  • Full Commissions!
  • Non-Medical
    • No Medical Examination
    • No Blood
    • No HOS
  • Any fully-underwritten term or UL issued in last 5 years*

*consult ineligible carrier list

masterchoice eiul26
MasterChoice EIUL

The Hottest EIUL Product in America is Sizzling!

  • Term or UL to MasterChoice Exchange
    • Up through age 60
    • Face amounts from $100,000 to $500,000
  • Draft Initial Premium
  • Preferred Class Available
masterchoice eiul27
MasterChoice EIUL

Simple Process

  • Complete life application
  • Attached original policy and photocopy of app & medical exam
  • Complete transfer of ownership form
  • Complete exchange transmittal
  • Draft Initial Premium or PAC if requested
  • Replacement forms when needed
masterchoice eiul28
MasterChoice EIUL

Ineligible Carrier List

  • Fidelity & Guaranty Life and Americom Life
  • Empire General
  • Guaranteed Trust
  • Lincoln Benefit
  • Manhattan National
  • The Midland
  • Merit Life
  • State Life
  • United of Omaha
  • U.S. Financial
masterchoice eiul29
MasterChoice EIUL

Questions and Answers