Policies and riders we sell at AO.

Permanent Policies

KEEP IN MIND: You have to submit any ALP over $3500 ($291/mo) as a trial.

1. WLP – Whole Life Plan

• Permanent life insurance – coverage never expires as long as premiums are paid
• Fixed premium – rates never increase
• Available for adults and children
• Recognized by funeral homes as immediate payment for funeral/final expenses
• Builds cash value over time (4.5% rate from day 1)
  • After 3 years, the cash value can be used to pay the premium
  • When someone dies, they ONLY get the face amount
  • Reduced Paid Up – Can use cash value to reduce the face amount of the policy and no longer pay premiums (at age 65)

Options in EApp for writing coverage:

• WL: Whole life, anything under $35k
• PR: Preferred Life — $35k - $59,999k
• EX: Executive Life — $60k - $119,999k
• SL: Select Life — $120k +
• LPU65: Whole Life but bill stops at 65 — cutoff is 45

2. Senior Graded Whole Life

• Anyone over 60
• Max amount of coverage: $34,999
• Death benefit is graded: 1st year 25%, 2nd year 50%, 3rd year 75% 4th year 100% of the face value of the plan
• Limited underwriting
  • If they answer YES to any medical question in EApp (3-5), it’s an automatic decline

Term Policies

1. 10 R.C – 10-Year Renewable & Convertible Term

• Used for paycheck protection