Cross-selling Med Supp and Final Expense Product
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Beginning November 5, 2023, the MIB check will be included in the initial underwriting phase of the eApplication, similar to the Term Series application process. This means you and your client will receive a more complete decision earlier in the application process. While initial underwriting is happening, please continue to fill out the application as usual and submit it to Americo at the end of the application.
On Sunday, November 5, we will perform a system upgrade to Agent Tools to add this change. Agent Tools will be unavailable from 6:00 a.m. to 10:00 a.m. Central. You must close out any open Agent Tools Final Expense eApplications by midnight, Saturday, November 4. This does not affect Term Series eApplications.
If you have questions, or if we can be of assistance, please contact Agent Services at 800.231.0801 or agent.services@americo.com.
1 (800) 772-6881 x7731 | sales@pfsinsurance.com
1 (800) 772-6881
support@pfsinsurance.com
You can earn recognition and earn extra cash based on the number of placed applications between March 1st, and June 30th
| Place 3 policies |
$200 |
|---|---|
| Place 6 policies |
$500 |
| Place 10 policies |
$1,000 |
Don’t miss out on this incredible incentive to earn extra cash for 2023!
1 (800) 772-6881 x7731 | sales@pfsinsurance.com
1 (800) 772-6881
support@pfsinsurance.com
Since 1955, Aflac, a well-known and reliable insurance provider, has offered supplemental coverage to millions of policyholders. Aflac has established a strong brand identity and a reputation for offering high-quality insurance policies and responsive customer care. Aflac Medicare Supplement and Final Expense Plans stand out among the many insurance options they provide as worthwhile options for seniors, ensuring they can enjoy their golden years worry-free.
As individuals reach the age of 65, they become eligible for Medicare, the government-sponsored health insurance program. While Medicare covers a significant portion of healthcare costs, it may not cover everything. This is where Aflac Medicare Supplement Plans come in handy.
By covering deductibles, copayments, and coinsurance, these plans, sometimes referred to as Medigap policies, address the gaps in Original Medicare coverage (Part A and Part B). Aflac offers several Medicare Supplement Plans, each tailored to meet a different set of requirements and financial constraints. Seniors can rest easy knowing they’ll have complete health coverage and lower out-of-pocket expenses by choosing the proper plan.
While it’s essential to plan for healthcare expenses during one’s lifetime, it’s also crucial to prepare for end-of-life expenses. Aflac Final Expense Plans provide a whole life insurance policy designed to cover funeral costs, outstanding debts, and other expenses associated with the passing of a loved one.
Final Expense Plans offer a death benefit, which is a fixed amount of money paid to the designated beneficiary upon the policyholder’s death. This benefit can be used to cover funeral expenses, medical bills, or any other financial needs. Some advantages of Aflac Final Expense Plans include:
Aflac’s brand awareness is bolstered by its commitment to customer satisfaction, innovative products, and strong financial stability. With the Aflac duck as their mascot, they have created a recognizable and memorable identity that resonates with consumers. This recognition, coupled with their dedication to providing valuable insurance products, has solidified Aflac’s position as a leading insurance provider for seniors and their families.
Aflac Medicare Supplement and Final Expense Plans offer seniors and their families peace of mind and financial protection during their golden years.  Pinnacle Financial Services makes the Aflac Medicare Supplement and final expense plans available to all agents where available. Reach out to a Pinnacle team member today to get contracted.
1 (800) 772-6881 x7731 | sales@pfsinsurance.com
VICE PRESIDENT, MARKETING
1 (800) 772-6881
support@pfsinsurance.com
Final expense life insurance is a type of insurance policy that is intended to cover the costs of a person’s final expenses. Funeral costs, burial costs, medical bills, and other related costs are examples of these expenses. There are some critical reasons why an insurance agent should consider selling final expense life insurance to their clients:
Final Expense Life Insurance typically has a small death benefit ($1,000 – $25,000).
What types of final expense life insurance plans are available?
Depending on your client’s health and budget, the following are three types of common burial insurance plans:
Final Expense Life Insurance Underwriting
Due to the simplicity of these products, practically all insurance carriers who offer burial insurance will have non-medical, simplified issue underwriting for these plans. This means that your client will not have to take any medical exams and will just have to answer a few yes/no health questions to determine the underwriting classification. Graded and guaranteed issue plans are available for clients who can’t qualify with the health questions.Â
Additional Benefit Riders for Final Expense Life Insurance
Besides offering a guaranteed death benefit and guaranteed cash value accumulation, most burial policies will include an accelerated death benefit rider for no cost. This rider allows clients to accelerate a portion of the death benefit to use in the event of a chronic or terminal illness diagnosis.
Why Should Insurance agents sell final expenses?
Overall, insurance agents should consider offering final expense life insurance to their clients as it provides a cost-effective, simplified, and guaranteed option for covering end-of-life expenses. Additionally, it provides peace of mind to clients and can be an additional source of revenue for agents.
Why Pinnacle Financial Services
If you are an insurance agent looking to expand your product offerings and provide your clients with the best final expense life insurance options, I encourage you to contact Pinnacle Financial Services. Our team of experts can provide you with the resources and support you need to be successful in selling final expense life insurance. Don’t miss out on the opportunity to provide your clients with peace of mind and to grow your business. Contact Pinnacle Financial Services today to learn more.
Need access to final expense life insurance leads? Learn more about our lead programs and incentives
For more information, contact a Pinnacle Financial Services representative today
1 (800) 772-6881 x7731 | sales@pfsinsurance.com
Agent Care Specialist | Life, Annuity, and LTC
1 (800) 772-6881
support@pfsinsurance.com