Term protection during your Prime Term protection during your Prime TimeTime
Permanent protection for a Life Permanent protection for a Life TimeTime
PrimeTerm 70 RPUPrimeTerm 70 RPU
PrimeTerm 70 RPUPrimeTerm 70 RPU
Another innovative “No-Loss” Term PlanAnother innovative “No-Loss” Term PlanAvailable only through LBLAvailable only through LBLGoldGold and and SilverSilver level agents level agents
Designed for the individual who:Designed for the individual who:
Needs term insurance until retirement Needs term insurance until retirement age, andage, and
Does not want to “waste” life insurance Does not want to “waste” life insurance premiums for no permanent value!premiums for no permanent value!
PrimeTerm 70 RPUPrimeTerm 70 RPU
PrimeTerm 70 is a Term plan that will:PrimeTerm 70 is a Term plan that will:
Protect the insured for the full face amount Protect the insured for the full face amount to age 70, or for 20 years, whichever is to age 70, or for 20 years, whichever is longer. longer.
Become a permanent insurance plan 2 Become a permanent insurance plan 2 different ways.different ways.
PrimeTerm 70 RPUPrimeTerm 70 RPU Has a conversion option: Has a conversion option:
Starting the second year prior to age of 65.Starting the second year prior to age of 65.
Full face amount of coverage can be Full face amount of coverage can be convertible to a permanent plan without convertible to a permanent plan without evidence of insurability.evidence of insurability.
New commissions are generated by the New commissions are generated by the conversion on the increase in premium.conversion on the increase in premium.
PrimeTerm 70 RPUPrimeTerm 70 RPU
Traditionally, premiums paid for term life Traditionally, premiums paid for term life insurance went “out the window” unless:insurance went “out the window” unless:
A death benefit was paid, or,A death benefit was paid, or,
Extra premium paid for a ROP rider.Extra premium paid for a ROP rider.
LBL has a smarter way for an insured to have LBL has a smarter way for an insured to have value for their term life insurance premiums.value for their term life insurance premiums.
PrimeTerm 70 RPUPrimeTerm 70 RPU
Has a “No Loss” non forfeiture provision Has a “No Loss” non forfeiture provision built into the plan: built into the plan:
At age 70 (or 20 years) the plan becomes a At age 70 (or 20 years) the plan becomes a “reduced paid-up” policy where the face “reduced paid-up” policy where the face amount is equal to all of premiums paid. amount is equal to all of premiums paid.
Plus, there are no more premiums!Plus, there are no more premiums!
Guaranteed!Guaranteed!
PrimeTerm 70 RPUPrimeTerm 70 RPU
By choosing this plan:By choosing this plan:
Client does not waste the premiums paid for Client does not waste the premiums paid for term insurance . term insurance .
Client has a paid up policy that can be used Client has a paid up policy that can be used to cover his final expenses at retirement. to cover his final expenses at retirement.
Combined with an annuity, it can also Combined with an annuity, it can also become a great retirement building tool.become a great retirement building tool.
Where PrimeTerm 70 Fits……Where PrimeTerm 70 Fits…… Male Preferred , Non-Tobacco, Age 35 $250,000 Death BenefitMale Preferred , Non-Tobacco, Age 35 $250,000 Death Benefit
““$250,000 Term Coverage to age 70”$250,000 Term Coverage to age 70”
$59,000 Permanent Protection for Life with $59,000 Permanent Protection for Life with $0 Premiums!$0 Premiums!
20 Year Term*20 Year Term* 30 Year Term*30 Year Term* GNLUL**GNLUL** Whole Life***Whole Life***
$ 287.00$ 287.00 $ 422.50$ 422.50 $ 1,272.50 $ 1,272.50 $1,487.50$1,487.50 $ $ 2467.282467.28
$ 908.50 ROP$ 908.50 ROP $ 832.33 ROP$ 832.33 ROP
* Transamerica Life Ins co, Ultima Champion Term* Transamerica Life Ins co, Ultima Champion Term
** Genworth Life Insurance Co, Gen Guard UL (Guaranteed UL)** Genworth Life Insurance Co, Gen Guard UL (Guaranteed UL)
*** Sagicor Life Insurance Company, Gold WL*** Sagicor Life Insurance Company, Gold WL
PrimeTerm 70 RPUPrimeTerm 70 RPU
20 years of coverageConvertible
prior to Age 65“No Loss” RPU equal to ROP
Age 65 Age 85
Age 25 Age 70
45 years of coverageConvertible
prior to Age 65“No Loss”
RPU equal to ROP
PrimeTerm 70 RPUPrimeTerm 70 RPU
Male Age 30 PNTMale Age 30 PNT
Age 30 Age 70
40 years of coverage$100,000
Convertible prior to Age 65
$541 annual premium ($48.42 BD)
$23,300“No Loss”
RPU equal to ROP$12,700 CV
PrimeTerm 70 RPUPrimeTerm 70 RPU
Male Age 45 PNTMale Age 45 PNT
Age 45 Age 70
25 years of coverage$100,000
Convertible prior to Age 65
$889 annual premium ($79.57 BD)
$24,000“No Loss”
RPU equal to ROP$13,000 CV
PrimeTerm 70 RPUPrimeTerm 70 RPU
Male Age 65 PNTMale Age 65 PNT
Age 65 Age 85
20 years of coverage$100,000
$4,195 annual premium ($375.45BD)
$90,200“No Loss”RPU equal
to ROP$69,300 CV
PrimeTerm 70 RPUPrimeTerm 70 RPU
Issue Ages 18 – 65Issue Ages 18 – 65
$100,000 minimum face amount$100,000 minimum face amount
2 premium bands: 2 premium bands: 1.1. $100,000 - $499,999$100,000 - $499,999
2.2. & $500,000 +& $500,000 +
Preferred Non-Tobacco rates available Preferred Non-Tobacco rates available
PrimeTerm 70 RPUPrimeTerm 70 RPU
Guaranteed coverage to Age 70, or 20 Guaranteed coverage to Age 70, or 20 years if longeryears if longer
Reduced Paid Up (RPU) Face amount equal Reduced Paid Up (RPU) Face amount equal to or greater than all premiums paid, to or greater than all premiums paid, Guaranteed!Guaranteed!
20% first year discount available if paid 20% first year discount available if paid annuallyannually
No illustrations requiredNo illustrations required
Excellent riders available to meet family Excellent riders available to meet family needsneeds
Guaranteed coverage to Age 70, or 20 Guaranteed coverage to Age 70, or 20 years if longeryears if longer
Reduced Paid Up (RPU) Face amount equal Reduced Paid Up (RPU) Face amount equal to or greater than all premiums paid, to or greater than all premiums paid, Guaranteed!Guaranteed!
20% first year discount available if paid 20% first year discount available if paid annuallyannually
No illustrations requiredNo illustrations required
Excellent riders available to meet family Excellent riders available to meet family needsneeds
Commission Advance and Bonus ProgramCommission Advance and Bonus Program
Go for the GoldGo for the GoldLiberty Bankers Life Agents can qualify to receive advanced commissions without an interest charge. The amount of the advance and reserve is based on the agent’s own “Product Blended” Persistency. In addition, any agent at the Gold level is eligible to qualify for a renewal bonus. Agent’s performance will be reviewed quarterly. Newly appointed agents will have their persistency reviewed after the 7 th month.
GOLD: An agent with a 13th month persistency rate of 75%> qualifies for a 9 month commission advance (with appropriate salvage account) AND renewal commissions in years 2, 3, and 4 will be “BONUSED” up by 50%. This agent is also eligible to qualify for incentive trips!
SILVER: An agent with a 13th month persistency rate of 65% - <75% qualifies for a 9 month commission advance (with appropriate salvage account). This agent is also eligible to qualify for incentive trips!
Bronze: An agent with a 13th month persistency rate of 58% - <65% may qualify for a 6 month commission advance (with appropriate salvage account). Renewal commissions for year 2, 3, & 4 will be adjusted down by 50%.
Advance commission qualification is based on a favorable background checkinclusive of vector report
PrimeTerm 70 RPUPrimeTerm 70 RPUThe ideal term product for The ideal term product for Today Today
and and Tomorrow’sTomorrow’s insurance needs from : insurance needs from :
Peace of mind through innovationPeace of mind through innovation
When it comes to selling term insurance When it comes to selling term insurance
Do the right thing!Do the right thing!