Great Western | GWIC updates Final Expense portfolio reminder

Great Western | GWIC updates Final Expense portfolio reminder

Great Western | GWIC updates Final Expense portfolio reminder
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GWIC updates Final Expense portfolio

On May 1, 2021, Great Western Insurance Company (GWIC®) will adjust the Final Expense product portfolio. 

What is changing

  • The minimum age on the Assurance Plus product will change from age 40 to age 50.
  • The minimum face amount will increase to $2,500 on the Assurance Plus product.
  • The chargeback period on deaths will now be 12 months on both Assurance Plus and Guaranteed Assurance products. 

Updated Agent Field Manual is now available 

The “Agent Field Manual: Final Expense Whole Life” has been updated to align with the new changes. Click here to view the updated guide.

Updated marketing materials will be available on May 1

Visit GWIC’s agent portal and click on “Order Supplies: Final Expense” to access the updated marketing materials.

What is not changing

Product availability

Both the Assurance Plus and Guaranteed Assurance products will continue to be available in their current participating states. 

MyEnrollerSM

The fastest and easiest way to enroll your clients in Final Expense insurance is by using GWIC’s electronic quoting and application tool. It shortens the application processing time by ensuring you are completing the correct forms and providing all the necessary information. A shorter processing time means your commissions are paid faster. Learn more about MyEnroller here

Access to forms and reports

GWIC’s agent portal provides easy access to reports and forms. Use the same login credentials as you used for MyNavigator. Click on “Reports” to view your business stats or “Order Supplies” to be taken to the ordering site, where you can filter by your state to access forms quickly.

Experienced administration

Our knowledgeable staff at GWIC makes doing business with us easy and convenient. Our experienced Agent Care and Underwriting teams are available to answer questions, and we pride ourselves on a fast-processing time.

  • Agent Care: Call 866-252-5594, option 2, Monday–Friday, from 7:30 a.m. to 4:45 p.m. Central time or email m1agentsupport@americanenterprise.com to speak to an agent rep.
  • Underwriting: If it is not clear if your client qualifies for the Level Death benefit under the Assurance Plus plan, call our prescreen line, 800-626-2068, Monday–Friday, from 7 a.m. to 5 p.m. Central Time, to speak with an underwriter. Prescreens is not a guarantee of eligibility for Level Death benefit coverage.

The need for Final Expense insurance in the senior market continues to grow. We hope you have great success with GWIC’s Final Expense product solutions. We are here to assist you.

For more information, contact a Pinnacle Financial Services representative today

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

Contact a Pinnacle Representative if you have any questions.

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

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Final Expense Quotes

Final Expense Quotes

Final Expense Quotes
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Pinnacle Financial Services makes getting the best Final Expense Quotes quick and easy. You can instantly get quotes from all of the Final Expense Companies we represent.

Final Expense Plans

Final Expense Policies have all the features and benefits found in traditional whole life policies and are quick and easy to purchase. We represent multiple insurance companies that offer Final Expense Insurance that can offer customers coverage from $1,000 to $50,000. Final Expense insurance policies can never be canceled as long as premiums are paid, and the monthly premium will never go up.

What Kind of Final Expense Plans are Available?

Customers who are healthy can apply for a Simplified Issue policy. There is generally two parts that ask health questions and if the customer can answer “No” to all questions, they can qualify for this plan. If the customer answers “Yes” in one of these parts, they can qualify for a Graded/Modified policy.  Usually, there is a two-year wait or the policy will pay a certain percentage of the death benefit the first two years. Customers who have severe or multiple medical issues will be able to purchase a Guaranteed Issue policy. There are no health questions for this policy to be issued. There is a two-year waiting period and if death occurs in that time, all premiums paid plus an additional interest rate will be given to the beneficiary.

What is the Average Cost of Final Expense Quotes?

The average Final Expense policy costs between $30-$50 a month. This quote depends on your age, sex, health, amount of coverage, and the carrier you choose. If you have significant health conditions, your premium will probably be higher and may cost between $70-$100 a month.

Where Can You Get a Quote?

To get a quote, go to our website, and click on Final Expense Quoting. For more information, you can watch a Final Expense Quoting webinar that was recently done.

Want to Cross-Sell Medicare? Check out our Medicare Team!

For more information, contact a Pinnacle Financial Services representative today

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

Director of Sales - Life & Final Expense

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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Cheap Final Expense Leads

Cheap Final Expense Leads

Cheap Final Expense Leads
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If you’re an insurance agent, at any point in your career, you probably have been promised cheap final expense leads. You’ve been told these leads are great and they’re really inexpensive. You’ve been told you should close 2 to 3 of them by accident and should sell another 2 or 3 with your skills. They say you get what you pay for! And most of the time, they are right.

Where Can I Get Cheap Final Expense Leads?

There are many FMO’s out there and you have many choices when it comes to where you place your business. Some FMO’s print their own leads and offer you the chance to buy directly from them. You can also get leads directly from lead vendors for a fee.

What’s the Difference Between Leads From FMO’s and Vendors?

There is absolutely no difference! Both hire people to obtain this information from the public records.  But when working with Pinnacle Financial Services as your FMO there are reduced costs many times.

What is the Cost Difference Between FMO and Vendors?

Leads that you get working with Pinnacle usually don’t cost as much due to bulk purchasing from the vendor. When producing a steady sales volume they can also be free due to lead credits.  Lead vendors usually have a direct mail lead program or a per-piece lead. Some vendors even offer FaceBook leads. Most vendors have the standard cost of doing business and operations cost that they need to pass on and therefore cost slightly more.

Does Pinnacle Financial Have Cheap Final Expense Leads?

At Pinnacle Financial Services, we’re not in the lead business, but we do partner with many lead vendors. With this partnership, we buy leads in bulk and therefore get leads at a discounted price that can be passed onto you, the agent. To find out more about our leads program, contact a Final Expense Sales Director at 1 (800) 772-6881 x 6003.

Do You Have Clients with Safe Money? Check Out Our Annuity Ratewatch Software

For more information, contact a Pinnacle Financial Services representative today

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

Director of Sales - Life & Final Expense

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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Burial Insurance

Burial Insurance

Burial Insurance
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Burial insurance, also known as final expense, is a type of whole life policy with a small death benefit ($1,000 – $50,000) designed to help cover the cost of funeral expenses. These are permanent policies with guaranteed cash value growth and a guaranteed death benefit to age 121.

What types of burial insurance plans are available?

Depending on your client’s health and budget, the following are three types of common burial insurance plans:

  • Level – Immediate Death Benefit, 1st Day Coverage (for clients with excellent/good health)
  • Graded – Limited Death Benefit for the first 2 policy years (for clients with fair health)
    • 1st Year: Return of premiums plus 10% interest
    • 2nd Year: 50% of Death Benefit
    • 3rd Year: Full Death Benefit
  • Guaranteed Issue – Limited Death Benefit for the first 2 policy years (for clients with poor health).
    • 1st Year: Return of premiums plus 10% interest
    • 2nd Year: Return of premiums plus 10% interest
    • 3rd Year: Full Death Benefit

Burial 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. 

Additional Benefit Riders for Burial 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.

Need access to burial 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

Director of Sales - Life & Final Expense

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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Final Expense Quote

Final Expense Quote

Final Expense Quote
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In this day and age of technology and high-speed internet, it has never been easier to run a complete and detailed final expense quote online. While there are plenty of services that offer monthly or annual subscriptions to quote final expense, Pinnacle Financial Services has agents covered for free.

Pinnacle’s quoting tools allow you to save, print, download, and compare rates with all of the top final expense carriers in the nation. We even have a free mobile app for iPhone and Android users that makes it even easier to run quotes at your fingertips! These tools are key to have in your pocket, especially when you have a client on the line and you need to provide them with quick and accurate rates in just seconds!

Visit our website for more information on how you can demo Pinnacle’s final expense quoting tools as well as our other quoting tools which include traditional life (term & universal), long-term care, annuities, and Medicare.

For more information, contact a Pinnacle Financial Services representative today

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

Director of Sales - Life & Final Expense

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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