Pinnacle’s Final Expense Quoting Software

Pinnacle’s Final Expense Quoting Software

Pinnacle’s Final Expense Quoting Software
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One of the biggest challenges that agents face when selling final expense is finding the best product to fit their client’s needs. Most of the insurance carriers have different requirements to qualify clients, so whether it’s a specific lookback period on a health issue or a special type of medication that your client is taking, it is your job to find the best plan. Navigating through the various underwriting criteria can be time-consuming, exhausting, and frustrating. Fortunately, Pinnacle Financial Services has a software tool that will find the right plan for your client in a matter of seconds!

What is Pinnacle’s Expense Quoting Software?

It is an all-in-one final expense quoting software that contains everything you need to know about your carriers and helps you sell the right product for your client. Some of the key features include:

  1. Underwriting Assistant

    • Medication Handling – Find the right plan based on the client’s medication and prescription history.
    • Health Conditions – Find the right plan based on the client’s specific health conditions
  2. Intuitive Quoting

    • Best Plan Pro handles the difference between ongoing treatment and maintenance treatment automatically per carrier and understands implied conditions and medications.
  3. Evaluate Multiple Carriers

    • Our program will automatically process all of your carriers simultaneously, so there’s no need to be an expert on the underwriting questions with every carrier.
  4. Accessibility

    • Available on all platforms including Windows, Mac, iPad, Tablets, Android, and iPhones

How Can I Get Pinnacle’s Final Expense Quoting Software?

The  Final Expense Quoting Software typically costs $60 per month for agents. Right now, if you contract with Pinnacle Financial Services, then agents can get access for a discounted rate or no charge!

Click Here to start your contracting with Pinnacle Financial Services today!

Where Can I Find More Information on Pinnacle Financial Services?

Pinnacle Financial Services offers direct contracts with dozens of insurance carriers in the senior market. Whether you are selling Final Expense, Annuities, or even Medicare, our seasoned sales directors can help you get started and guide you through the contracting process. Call Pinnacle today at 800-772-6881 or visit us online at www.pfsinsurance.com to get started!

Selling Final Expense? Need Leads? CLICK HERE!

For more information, contact a Pinnacle Financial Services representative today

1 (800) 772-6881 x7731 | sales@pfsinsurance.com

Mark Bolger

Mark Bolger

Director of Sales | Life & Final Expense

x7705 | mbolger@pfsinsurance.com

Contact a Pinnacle Representative if you have any questions.

1 (800) 772-6881
support@pfsinsurance.com

Contact Us

Contact a Pinnacle Financial Service representative today for assistance.

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Pinnacle’s Final Expense Quoting Software

Final Expense Underwriting

Final Expense Underwriting
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Selling final expense life insurance is a great way to offer your clients affordable protection without the hassle of medical exams.  Final expense underwriting typically consists of just completing a few simple health questions but final expense life insurance can also be a true guarantee issue.

Final Expense Underwriting – A True Non-Medical Life Policy

    Final Expense Life Insurance are whole life policies, with small death benefits ranging from as little as $1,000 to a maximum of around $50,000. These plans are designed for seniors and are typically available for ages 50-85. Insurance companies realize that seniors are going to have some major to minor health issues, so they’ve simplified the underwriting process to just a few yes/no health questions. Client’s will qualify based on their answers to the yes/no health questions. To verify the health answers, the insurance company then performs a MIB & Prescription Check before making an offer. Overall, this process is simple and quick. No medical examination needed, no blood drawn, no doctor’s visits. Underwriting decisions are typically made within 24-48 hours, not weeks like traditionally underwritten life policies.

    Final Expense Underwriting Classes

      Typically, there are 3 main final expense plans which are offered to individuals based on their health status:

      • Immediate Benefit Plan (Level)
        • 1st Day Coverage
        • Best Rates for Clients
        • Must answer ‘NO’ to all health questions
      • Graded/Modified Plan
        • Limited Death Benefit for first 2 policy years
        • Moderate Rates for Clients
        • Allows 1-2 ‘YES’ answers on health questions
      • Guaranteed Issue Plan
        • Limited Death Benefit for first 2 policy years
        • Most Expensive Rates for Clients
        • No Underwriting – Automatically Accepted

      Advantages of Final Expense Underwriting

        One of the leading advantages of final expense underwriting is the simplified process. Absolutely no medical exams are required and many of your clients will certainly be attracted to this feature. Not only are the policies issued within a few days, but your client will know almost immediately if they’ve been approved or not. This is a great selling point, especially for clients that may have some minor health issues that would typically be rated or declined on a fully underwritten life policy.

        Are You Selling Final Expense?

          Many agents who have added final expense to their portfolios have increased their sales and income by as much as 40%. Pinnacle Financial Services has all the tools and resources needed to get agents set up to sell final expenses from start to finish. Give us a call today to set up an appointment with one of our marketing specialists.

          Need Final Expense Leads?

          For more information, contact a Pinnacle Financial Services representative today

          1 (800) 772-6881 x7731 | sales@pfsinsurance.com

          Mark Bolger

          Mark Bolger

          Director of Sales | Life & Final Expense

          x7705 | mbolger@pfsinsurance.com

          Contact a Pinnacle Representative if you have any questions.

          1 (800) 772-6881
          support@pfsinsurance.com

          Contact Us

          Contact a Pinnacle Financial Service representative today for assistance.

          CallEmail

          Pinnacle’s Final Expense Quoting Software

          Prosperity Life Final Expense

          Prosperity Life Final Expense
          Comments

          Prosperity Life offers a series of whole life products best suited for the senior market. These are simplified issue final expense plans that are offered in three rate classes: Level, Graded, and Modified. The plans are available for ages 50-80 with face amounts ranging from as little as $1,500 to a maximum of $35,000. This blog will discuss the key product and underwriting features. 

          New Vista Product Features

          Prosperity Life’s simplified issue final expense plan is called the ‘New Vista’ series and is available in most states except for Connecticut, Montana, North Dakota, New Hampshire, New York, and South Dakota. The New Vista plans offer immediate death benefit (Level), Graded Death Benefit (Year 1: 30% of Death Benefit, Year 2: 70% of Death Benefit), and lastly a Modified Death Benefit (Year 1: 110% Return of Premium, Year 2: 231% Return of Premium).

          The plan also offers an accelerated death benefit rider for no cost as well as an accidental death benefit rider for an extra cost. Premiums are level throughout the life of the policy with a guaranteed death benefit through age 121. 

          Application Options

          Prosperity Life offers multiple application options including paper applications, e-apps, and a new voice app that agents can use for clients to sign. This is a great option for those clients that have issues completing an e-app on a computer.

          Underwriting decisions will be based on answers to the application health questions, MIB, and prescription drug checks. Applicants must also fall between specific height and weight guidelines to qualify. The policy may be applied for at the point of sale by calling Apptical. This way the agent and client can complete the sale in one appointment. 

          Product Advantages

          Prosperity Life’s New Vista final expense plan has a few great advantages compared to other carriers/products.

          The first advantage is that this product allows telephone sales and phone signatures. Very few carriers allow this type of signature option so it’s a great feature to have for clients that have difficulty using computers.

          The second advantage is that this product allows multiple payment forms. Clients can pay using EFT from a checking/savings account or they can pay using a DirectExpress Mastercard. This payment method allows clients to pay using their social security.

          The third advantage is that this product pays the same commissions regardless of the plan that your client qualifies for. The Level, Graded and Modified plans all pay the same commissions.

          This is one of the only companies that have a unique commission structure like this, so certainly take advantage of getting contracted and appointed to sell this product. 

          Are you Selling Final Expense?

          Many agents who have added final expense to their portfolios have increased their sales and income by as much as 40%. Pinnacle Financial Services has all of the tools and resources needed to get agents setup to sell final expense from start to finish. Give us a call today to setup an appointment with one of our marketing specialists. 

          For more information, contact a Pinnacle Financial Services representative today

          1 (800) 772-6881 x6003 | lifesales@pfsinsurance.com

          Mark Bolger

          Mark Bolger

          Director of Sales - Life & Final Expense

          x7705 | mbolger@pfsinsurance.com

          Contact a Pinnacle Representative if you have any questions.

          1 (800) 772-6881
          support@pfsinsurance.com

          Contact Us

          Contact a Pinnacle Financial Service representative today for assistance.

          CallEmail

          Final Expense Telemarketing Leads

          Final Expense Telemarketing Leads

          Final Expense Telemarketing Leads
          Comments

          In today’s final expense market, it can be a challenge to find the right lead program that will provide quality, exclusive and consistent prospects for the final expense market. For any independent agent that is selling final expense, it’s important to understand what to look out for before ordering any final expense telemarketing leads.

          How Do Final Expense Telemarketing Leads Work?

          Generally, final expense telemarketing leads target demographics to generate life insurance leads between the ages of 50 to 80 years old and between the income ranges of $15,000-$45,000. Before finalizing your order, make sure that your lead program has the following criteria:

          1. Exclusive Leads – Leads that are exclusive to agents and not resold or recycled to other local agents.
          2. Detailed Information on Prospect – Make sure that you are provided with a Name, Phone Number, Address and Email Address
          3. Scrubbed Lists – Make sure that the lead company scrubs the lists in order to be compliant with DNC regulations.
          4. Lead Portal – A CRM system that allows for tracking
          5. Quick Delivery – A decent turnaround time for leads should be anywhere from 2-7 business days.

          Where Can I Purchase Final Expense Telemarketing Leads?

          While there are many lead vendors and marketing services to explore, we have researched some of the top vendors in the nation who offer some of the best final expense telemarketing leads. Discounted pricing available by working with Pinnacle.

          Here are a few to keep in mind:

          1. Lead Heroes – Offer over 6 different types of leads including live transfer, direct mail, and preset appointments. Exclusive leads, CRM included, discounts available.
          2. Target Leads – Reputable lead vendor with over 30+ years of experience. Exclusive leads, CRM included, discounts available.
          3. ARM Leads – Exclusive leads, competitive pricing, targeted mailings, discounts available.

          How Can I Get Started Selling Final Expense Telemarketing Leads?

          Pinnacle Financial Services offers discounted lead programs as well as direct contracts with dozens of insurance carriers in the senior market. Whether you are selling Final Expense, Annuities, or even Medicare, our seasoned sales directors can help you get started and guide you through the contracting process. Call Pinnacle today at 800-772-6881 or visit us online at www.pfsinsurance.com to get started!

          Selling Final Expense? Need Leads? CLICK HERE!

          For more information, contact a Pinnacle Financial Services representative today

          1 (800) 772-6881 x7731 | sales@pfsinsurance.com

          Mark Bolger

          Mark Bolger

          Director of Sales | Life & Final Expense

          x7705 | mbolger@pfsinsurance.com

          Contact a Pinnacle Representative if you have any questions.

          1 (800) 772-6881
          support@pfsinsurance.com

          Contact Us

          Contact a Pinnacle Financial Service representative today for assistance.

          CallEmail

          Pinnacle’s Final Expense Quoting Software

          Guaranteed Issue Final Expense Policies

          Guaranteed Issue Final Expense Policies
          Comments

          Guaranteed Issue final expense policies are extremely popular in the senior market due to its simplicity and no underwriting requirements. These plans are designed for clients who have recent or severe health issues that would normally disqualify them for any other life insurance policy. These plans are essentially the last option for anyone who has been highly rated or even declined for life insurance.

          In today’s competitive market, it can be a challenge to find the right insurance carrier that provides the best rates, coverage, and benefits for your prospects and clients in the final expense market. For any independent agent that is selling final expense, it would be beneficial to have at least one or two guaranteed issue plans to offer in your portfolio.

          What Are Guaranteed Issue Final Expense Policies?

          Guaranteed Issue final expense policies are typically available for ages 50-85 with death benefits ranging from $1,000 – $40,000 depending on the carrier. ‘Guaranteed Issue’ refers to the underwriting portion of the policy where clients are automatically accepted regardless of their health. The applications have no health questions but will also have a limited death benefit for the first two policy years. The limited death benefit is typically ‘return of premiums’ plus 10% interest. If death occurs after the first two policy years, then the full death benefit is paid out. These plans are easy to explain and even easier to qualify for.

          Who Offers Guaranteed Issue Final Expense Policies?

          Over the last few years, more carriers have entered the guaranteed issue final expense market. Here are a few of the top final expense companies who offer the best-guaranteed issue plans for your clients:

          How Can I Contract to Sell Guaranteed Issue Final Expense Policies?

          Pinnacle Financial Services offers direct contracts with dozens of insurance carriers in the senior market. Whether you are selling Final Expense, Annuities, or even Medicare, our seasoned sales directors can help you get started and guide you through the contracting process. Call Pinnacle today at 1 (800) 772-6881 or visit us online at www.pfsinsurance.com to get started!

          Selling Final Expense? Need Leads? CLICK HERE!

          For more information, contact a Pinnacle Financial Services representative today

          1 (800) 772-6881 x7731 | sales@pfsinsurance.com

          Mark Bolger

          Mark Bolger

          Director of Sales - Life & Final Expense

          x7705 | mbolger@pfsinsurance.com

          Contact a Pinnacle Representative if you have any questions.

          1 (800) 772-6881
          support@pfsinsurance.com

          Contact Us

          Contact a Pinnacle Financial Service representative today for assistance.

          CallEmail