americo financial life and annuity insurance company
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Americo Financial Life and Annuity Insurance Company. We will begin shortly. LifeCrest LT Universal Life Insurance. Agent Training Guide Why Americo? Life Insurance Overview Product Summary. - PowerPoint PPT PresentationTRANSCRIPT
Americo Financial Life and Annuity Insurance Company
Agent Training Guide
Why Americo?Life Insurance Overview
Product Summary
Questions? Comments? A friendly sales support representative is standing by to assist you. Call us at 800.231.0801, ext. 8410 today!
We will begin shortly
LifeCrest LTUniversal Life Insurance
06-143-7 For Agent Use Only Policy Series 259
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What Makes Americo Different?
One of the largest, independently held insurance companies in the United States*
Steadily increasing assets Dedicated to the independent agent
distribution Service driven Focused markets
Senior, Mortgage, General Life
Did you know?
Americo currently has
800,000 policies under administration and over $37
billion of insurance in force. That’s
growth of more than
67% over the past 10 years. *"Admitted Assets, Top Life Writers-2005," A.M. Best Co., as of July 2006.
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What Makes Americo Different?
Direct access to underwriter Superior Home Office support dedicated to
getting your business placed quickly and effortlessly
Online tools that help before, during and after the sale. Check out our agent website today, www.americo.com
Call your Americo
Underwriter today at
800.231.0801
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Peace of Mind A Business Tool Family Protection A Retirement Tool
Life Insurance OverviewWhat is Life Insurance?
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How much life insurance does a client need?
What kind of life insurance should your client buy?
When is the best time for your client to purchase life insurance?
Which company should you represent?
Life Insurance OverviewLife Insurance Questions
Did you know?
“More than two in ten
U.S. households
have no life insurance at all, and even among the households
with coverage, 40% believe they need additional coverage.”Source: LIMRA International,
Trillion Dollar Baby, The Sales Potential of the Underinsured Life Market, 2005.
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How much of a legacy do they want to leave behind?
How much debt do they want to pay off for family?
How long do they want to subsidize the lost income from their death?
What responsibilities do they have that may become a burden on the family?
Life Insurance OverviewHow much life insurance does a client need?
Did you know?
“Typical workers with dependents
need death benefits equal to
at least five times their
annual earnings. But death
benefits for the majority of
group life plans are equal to just one year of a
participant’s earnings.”
Source: LIMRA International,
Trillion Dollar Baby, The Sales Potential of the Underinsured Life Market, 2005.
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Term Permanent
Life Insurance OverviewWhat kind of life insurance should your client buy?
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Younger and healthier clients usually get lower rates.
If you wait too long, you may take the risk of not qualifying for any insurance.
Life Insurance OverviewWhen is the best time for your client to purchase life insurance?
Did you know?
“More than half of
consumers said they would like to review their life
insurance needs at
least every two years.”
Source: LIMRA International Press
Release dated April 6, 2005.
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A company that offers:Strong RatingsCompetitive ProductsGreat Service
Life Insurance OverviewWhat company should you represent?
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What is LifeCrest LT? It’s a Universal Life policy with:
Guarantees– Will never lapse with minimum premium*– Premiums will never increase*– Minimum interest rate of 3.5%– No Cost of Insurance deduction after age
100 Interest rate bonus years 11+** Quick pay and single pay options
available Zero net cost loans***
*As long as scheduled premium payments are made on time**.5% by current company practice***Certain restrictions apply
LifeCrest LTLifeCrest LT Product Summary
As seen in Life Insurance Selling!
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What is LifeCrest LT? Issue ages 18-75 (Age Last Birthday) Minimum face amount of $50,000
Standard Minimum face amount of $100,000
Preferred Level death benefit only Premium modes
• Annual • Semi-annual • Quarterly • Monthly
LifeCrest LTLifeCrest LT Product Summary
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Benefits Guaranteed coverage for a
lifetime* Guaranteed premiums* Limited pay and single pay
options Cash value Zero net cost loans** Accelerated Benefit Payment
Rider***
*As long as scheduled premium payments are made on time**Certain restrictions apply
***Rider Series 2127. Up to 50% of the death benefit, $250,000 maximum.
LifeCrest LTLifeCrest LT Product Summary
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Valuable Riders Children's Level Term Rider Accidental Death Benefit Rider Waiver of Monthly Specified
Premium Rider
Children’s Level Term Rider (Series 2022), Accidental Death Benefit Rider (Series 2019), Waiver of Specified Premium Rider (Series 2030). Riders are optional and available at an additional cost. Riders are not available in all states and vary by state. Certain restrictions apply.
LifeCrest LTLifeCrest LT Product Summary
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Provides level term life insurance for:• Child, stepchild, or legally adopted child by the owner through
the age of 25
Issue ages – 15 days to 19 years Up to $10,000 of coverage per child The child may convert to a level-
premium policy for up to 5 times the amount of coverage in force upon their 25th birthday.
If the child doesn’t convert to a policy on his 25th birthday, the rider coverage terminates.Riders are optional and available at an additional cost. Riders are not available in all states and vary by state. Certain restrictions apply.
LifeCrest LTChildren’s Term Rider
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May Provide an additional death benefit if the insured passes away due to an accident.**
Provided up to age 70 Insured must die within 90 days of
the accidental injury. Death must be a result of the
accidental injury.
Riders are optional and available at an additional cost. Riders are not available in all states and vary by state. Certain restrictions apply. **Certain restrictions apply
LifeCrest LTAccidental Death Benefit Rider
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Must be totally disabled for 6 months
Cost of Insurance, monthly expense charges, and rider charges may be waived
Retroactive to the date of the claim
Costs may be waived for the duration of the disability**
**The benefit terminates on the earliest of: the policy anniversary nearest the insured’s 60th birthday if the insured is not disabled at the time, the date the insured recovers if disabled on the policy anniversary nearest the insured’s 60th birthday or the date the base policy terminates.
Riders are optional and available at an additional cost. Riders are not available in all states and vary by state. Certain restrictions apply.
LifeCrest LTWaiver of Monthly Specified Premium
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All Niches Lifetime Guarantee Premiums guaranteed Single pay or limited pay option Competitive cash values Access to cash* Prospective interest rate bonus in
years 11+**
*Through policy loans and withdrawals. Certain restrictions apply.**By current company practice
Policy Series 259
LifeCrest LTProduct Positioning
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Easy to Sell How valuable is it to you to be
able to offer a product where the death benefit on the policy will never expire as long as the client pays his premiums on time?*
*The no-lapse guarantee provision may terminate due to loans, withdrawals, and changes in face amount.
LifeCrest LTProduct Positioning
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Questions? Comments? A friendly sales support
representative is standing by to assist you.
Call us at 800.231.0801, ext.
8410 today!
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Neither Americo Financial Life and Annuity Insurance Company nor any agent representing Americo Financial Life and Annuity Insurance Company is authorized to give legal or tax advice. Please consult a qualified, professional legal or tax advisor regarding the information and concepts contained in this material.
Products are underwritten by Americo Financial Life and Annuity Insurance Company, Kansas City, MO, and may vary in accordance with state laws. Some products and benefits may not be available in all states. Certain restrictions apply. For further information, please refer to the policy or contact Sales Support at 1-800-231-0801 x8410.