advantageguard application and underwriting quick facts standard life and accident insurance company
TRANSCRIPT
AdvantageGuardApplication and Underwriting Quick Facts
Standard Life and AccidentInsurance Company
I. ApplicationsStandard Life has designed two distinctly different applicationsspecifically for different age groups.
A. The application for ages 26 – 59 is in an 8.5 x 11” one-color (black ink only) format and includes questions about occupations, etc.
B. The application for ages 60 – 80 is included in a pocket sized, full-color 4 x 8.5” application/brochure combination.
B.
A.
Standard Life and Accident Insurance Company
AdvantageGuard
1. The agent can call at the point of saleand the telephone interview can be performed on the spot. Now what could be more convenient?
AdvantageGuard
Standard Life and Accident Insurance Company
II. Underwriting Guide
2. For your convenience, the Height/Weight Chart has been included in the Underwriting Guide so that you can have the specific requirements at your fingertips.
AdvantageGuard
Standard Life and Accident Insurance Company
3. The Underwriting Guide includes a list of conditions in alphabetical order that will quickly tell you what will qualify as standard or substandard, and which conditions will be declined.
AdvantageGuard
Standard Life and Accident Insurance Company
4. Check the second page of the Underwriting Guide for the underwriting requirements and don’t forget to schedule a Para Med for clients who fall under category D. When the chart requires a Para Med exam, you are responsible for scheduling the exam. The approved Para Med companies are listed along with theircontact numbers.
AdvantageGuard
Standard Life and Accident Insurance Company
Sample:
Female, Age 64, Non Tobacco User, $5,000 C.O.M.
$ 42.88
x 5
$214.40
+$60.00 (policy fee)
$274.40
X .0895
$ 24.56 monthly
III. Rate CardStandard and Substandard rates are readily available with the AdvantageGuard rate card.
Precalculated rates are available for
$5,000, $7,500, $10,000, $15,000 and $25,000 face amounts.
Standard Life and Accident Insurance Company
AdvantageGuard
IV. Submission of Applications by FaxProcess your life applications faster by faxing the applications directly to our Administrative Office at 866.894.0317. Everything you need is online – an explanation of the process and a Fax Transmittal sheet can be downloaded from the Standard Life website.
Once you are logged on to the Standard Life private site, go to Agent Services on the menu.
Follow the extended menu to Marketing Support and go to Faxing. Under the Faxing extended menu select Life.
Standard Life and Accident Insurance Company
AdvantageGuard
V. U.S. Patriot ActLastly, on a very important note, please be aware that in compliance with the U.S. Patriot Act, the “USA PATRIOT Act Notification and Customer Identification Verification” form (ST-1813) must be submitted with all life and annuity applications to comply with federal regulations regarding Anti-Money Laundering (AML). To access the form, visit our website at www.slaico.com, login to the agent portal and go to Products in the menu. Click Products by state and click your state. The form can be found on each link to life and annuity products.
For information further regarding AML, please visit our website at www.slaico.com, login to the agent portal and click on the “USA PATRIOT Act” link at the bottom of the page.
AdvantageGuard
Standard Life and Accident Insurance Company