Prosperity Life Insurance
Prosperity Life Insurance policies are available in 49 states.
This carrier is available in New York. Unlike some other life insurance providers, Prosperity Life has sold life insurance in New York since 1939. Prosperity Life offers several plans for term, whole, and universal life insurance. In addition, there are multiple underwriting risk classes for life insurance policies. This means; it is easier to qualify and receive rates based on health.
Family Freedom
This blog specifically addresses the new Family Freedom Term product. This product is not available in CA, CT, HI, ME, MT, NH, NY, ND, PA and SD.
Family Freedom is designed for individuals with either a mortgage or other loan on their home. Protect the investment asset of one’s home. These plans give peace of mind to the holder. Plans ensure their final expenses are properly covered. These expenses, in part, include the following: outstanding mortgages or home equity loans, funeral expenses, legal fees and medical bills.
These plans are issued by S. USA Life Insurance Company, Inc. (a member of Prosperity Life Group).
Plan Features
Plans are available for those aged 18 – 75.
Initial level premiums are available for 10, 15, 20, 25 or 30 years.
Offers coverage amounts from $50,ooo through $500,000.
Easy, instant decision e-application available.
No medical exam required! Eligibility is based on more than height/weight. Additionally, answers to health questions and information obtained from third parties factor in.
The policy is convertible to a whole life policy.
Prosperity Life Insurance: Quoting
No paper applications. Quoting is simple. Applying is simple. In addition to quoting, the e-app is available through Apptical. CLICK HERE FOR APPTICAL LIVE APP.
Benefits
In most cases, death benefits pay income tax free to beneficiaries.
Plans offer an accelerated benefit.
In addition, optional accidental death benefits are available.
The Waiver of premium is optional.
Furthermore, child term riders are available for amounts up to $15,000. Benefit applies to children or grandchildren.
Prosperity Life Insurance: Commission and bonus
This product has a street level commission of 115%. Additionally, higher level contracts are available. Both Agencies and high volume producers qualify.
There is currently an agent bonus program running through 2022. The bonus is measured quarterly and agents need $25,000 of annual paid premium in order to qualify in any quarter.
Marketing Flyer
Click here to download the marketing flyer.
Contracting
Contracting is easy! Click here to contract online.
Alternately, you can download a paper contract. Completed contracts are returned to lisa@croweandassociates.com. Be sure to include a copy of your license and E&O as well as voided check for commission deposits. Download a paper contract here.
Click here for broker portal details.
Crowe and Associates FMO benefits to agents and agencies
Work with one of the leading FMOs in the industry.
We have a dedicated team that works with agents. We assist with case preparation, quotes and applications as well as sales strategies.
All commissions are set up to pay directly to the agent. As a result, agents own their book of business. Additionally, most carriers offer up to a 9 month advance on sales commission payments. The commission rates are always set at street level or higher.
Do you also market Medicare? Click here to learn more about our Free Medicare Lead Program.
In addition, Crowe and Associates offers consistent training materials. You can either Visit our YouTube Channel or access training on our Go to Webinar channel.
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