Low Cost Non Medical Term Insurance
John Hancock has new low cost non medical term insurance called SmartProtect with Vitality. These insurance rates are competitive. In fact, They are the lowest cost fully underwritten term policies. They have 10 and 15 as well as 20 year terms with face amounts up to $1,000,000. Applicants need to be between the ages of 20-60 to apply. There is a covertibility feature, Healthy living discoutns towards premiums, discounts on groceries, vacations and more. Premiums on the policy are very low for a non med term and can go even lower if the insured participates in the Vitality program. The program allows your clients to earn points when they complete simple everyday things. These things include; exercise, eat well as well as get an annual health screening. They can even get a free Fitbit to track their progress toward a healthy lifestyle.
Compare these to other non- med term policies. In addition, these rates are even competitive with regular fully underwritten term policies!
Male age 46 in good health (Preferred plus) 20 year term with face amount of $1,000,000 is $121.30 a month. If they participate in the vitality program on the highest level, the premium can go down to $86.75 a month!
Commission is based off the normal commission amount for Hancock term policies. Please note: John Hancock will no longer provide an advance on their term policies. As shown above, agents receive the commission pay for this product “as earned”.
In a word, if you have completed a contracting kit in the past, just let us know you want to add this product and we can do it automatically. Either call us at 203-796-5403 or send an email to Admin@croweandassociates.com. If you have not completed a contracting kit, we include a link in this blog so you can get one. You can send completed contracting kits to our office either via fax 203-567-6235 or by email: firstname.lastname@example.org
Click links below for plan materials, client application, producer guide, sample illustration, commission level and also to listen to a recorded webinar.
Broker Contracting Kit (Only needed if you have not filled out our general contracting kit in the past)