A specifically designed carve-out product for the institutional purchase of individual life insurance for executives, professionals, physicians and other highly compensated individuals – delivered on a specially tailored underwriting basis and pricing schematic.
Program: A-List Term Life insurance for highly compensated individuals
Insurer: Legal & General America
Plan Administrator: Dye & Eskin, Inc.
Why is A-List Term Better?
-High death benefits: Up to $3 million based on group size (restrictions apply). Higher amounts considered. Maximum determined by multiplying covered lives by $18,000 for groups of 10-24; by $20,000 for groups of 25 or more. $50,000 minimum face amount per life.
-Minimum participation requirement is low: groups of 10-24; 25 or more.
-Underwriting 10-24 lives: Simplified issue for all ages (age last birthday). Underwriting will include review of MIB, MVR and prescriptions.
-Underwriting 25 or more lives: One medical question for ages 25-70; simplified issue ages 71-75 (age last birthday).
-Average age of group cannot exceed age 50 for groups of 10-24; cannot exceed age 55 for groups of 25 or more.
-Competitive rate schedule guarantee for first 3 years of policy. Age and gender distinct; no distinction for tobacco use.
-Insurer cannot change pricing based on a single employer’s experience.
-Usually less taxable income.
-Individual term life policies: portable at same rate schedule upon termination or retirement.
-Increasing Death Benefit Rider syncs with salary increases.
-Free MediGuide Medical Second Opinion Program.
-Free Accelerated Death Benefit for qualifying terminal illness.
A-List Term Sales Opportunities:
-Carve-out group life and replace with A-List Term.
-Provide additional insurance on top of group life plan.
-Replace another carve-out plan.
-Insure corporate-owned plans: buy-out, key-man, etc.
Questions? Email Nick@agent-link.net
