0 FOR PRODUCER USE ONLY – NOT FOR DISSEMINATION TO THE PUBLIC. Important Notice The following...
15
1 FOR PRODUCER USE ONLY – NOT FOR DISSEMINATION TO THE PUBLIC. Important Notice The following presentation has been developed and approved for use by authorized producers and agents of the insurers of American General Life Companies. This presentation must be used with the accompanying narrative notes which are included in the presentation. You must take the following steps to access these notes: 1. Save the presentation to your laptop or PC 2. Open the saved presentation; then click the “View” option in your menu bar in the upper left corner of your screen 3. From the “View” drop down, click “Notes Page” This will open the presentation with the narrative notes at the bottom of each slide. When making the presentation, these notes must be used without modification. Please contact your American General Life Companies representative with additional questions.
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Transcript of 0 FOR PRODUCER USE ONLY – NOT FOR DISSEMINATION TO THE PUBLIC. Important Notice The following...
1FOR PRODUCER USE ONLY – NOT FOR DISSEMINATION TO THE PUBLIC.
Important Notice
The following presentation has been developed and approved for use by authorized producers and agents of the insurers of American General LifeCompanies. This presentation must be used with the accompanying narrative notes which are included in the presentation.
You must take the following steps to access these notes:1. Save the presentation to your laptop or PC2. Open the saved presentation; then click the “View” option in your menu bar in
the upper left corner of your screen3. From the “View” drop down, click “Notes Page”
This will open the presentation with the narrative notes at the bottom of each slide. When making the presentation, these notes must be used without modification. Please contact your American General Life Companiesrepresentative with additional questions.
3FOR PRODUCER USE ONLY – NOT FOR DISSEMINATION TO THE PUBLIC.
AG Exam-Free Term Upgrade
AG Exam-Free Term Upgrade takes the anxiety out of keeping families protected. Eligible clients can increase their existing coverage, with no medical tests!
4FOR PRODUCER USE ONLY – NOT FOR DISSEMINATION TO THE PUBLIC.
AG Exam-Free Term Upgrade Eligibility
TIP: Rapid Rater drop-down shows all eligible carriers!
5FOR PRODUCER USE ONLY – NOT FOR DISSEMINATION TO THE PUBLIC.
AG Exam-Free Term UpgradeEligible Policies
Eligible Policies
-Standard level-premium term
-Return of premium term
6FOR PRODUCER USE ONLY – NOT FOR DISSEMINATION TO THE PUBLIC.
AG Exam-Free Term UpgradeAvailable Coverage
■ We will offer an AG Select-a-Term® policy up to the lesser of 3 times the face amount of the existing policy, or $500,000.
Example:
Existing coverage: $100,000
EFTU: $300,000
Existing coverage: $250,000
EFTU: $500,000*
*3 x original face exceeds max, will consider only up to $500,000.
TIP: Rapid Rater automatically calculates coverage amounts!
7FOR PRODUCER USE ONLY – NOT FOR DISSEMINATION TO THE PUBLIC.
AG Exam-Free Term UpgradeAvailable Durations
Calendar Year of Original Issue
2011 or 2010
2009
2008
2007
2006
New Policy Duration
Same as original
1 year less
2 years less
3 years less
4 years less
8FOR PRODUCER USE ONLY – NOT FOR DISSEMINATION TO THE PUBLIC.
AG Exam-Free Term UpgradeAvailable Durations
Exceptions■ 15 year = 15 year■ 10 year = 10 year
TIP: Rapid Rater automatically calculates durations!
9FOR PRODUCER USE ONLY – NOT FOR DISSEMINATION TO THE PUBLIC.
AG Exam-Free Term UpgradeRequirements
■ Client-completed application
■ Agent-completed Part B
■ EFTU Transmittal
■ Rx
■ MIB/MVR
■ Additional requirements may be ordered at UW discretion
10FOR PRODUCER USE ONLY – NOT FOR DISSEMINATION TO THE PUBLIC.
AG Exam-Free Term UpgradeRequirements
Important!
Submissions must include written proof of:
-carrier name
-name of insured
-date of issue
-face amount
-risk class
-original term period
11FOR PRODUCER USE ONLY – NOT FOR DISSEMINATION TO THE PUBLIC.
AG Exam-Free Term UpgradeForms
Forms are available in Forms Depot, accessible at eStation.aglife.com
12FOR PRODUCER USE ONLY – NOT FOR DISSEMINATION TO THE PUBLIC.
Special EFTU Transmittal
A special AG Exam-Free Term Upgrade Transmittal (AGLC101371-EFTU) will be bundled with all app packets in Forms Depot.
Regardless of how you submit (paper, fax or image), the EFTU Transmittal must be used so your business can be quickly and easily identified.
13FOR PRODUCER USE ONLY – NOT FOR DISSEMINATION TO THE PUBLIC.
AG Exam-Free Term UpgradeImportant Program Dates
■ Apps signed: between October 15, 2010 and April 15, 2011
■ Apps received in home office: no later than
April 30, 2011
AG Exam-Free Term Upgrade
15FOR PRODUCER USE ONLY – NOT FOR DISSEMINATION TO THE PUBLIC.
Important Information
Policies issued by:American General Life Insurance Company2727-A Allen Parkway, Houston, TX 77019AG Select-a-Term (07007), The United States Life Insurance Company in the City of New York70 Pine Street, New York, NY 10270AG Select-a-Term (09007N)
The underwriting risks, financial and contractual obligations and support functions associated withthe products issued by American General Life Insurance Company, Houston, TX (AGL) and The United States LifeInsurance Company in the City of New York, NY, NY (USL) are the issuing insurer’s responsibility. USL isauthorized to conduct insurance business in New York. Policies and riders not available in all states.American General Life Companies, www.americangeneral.com, is the marketing name for the insurancecompanies and affiliates comprising the domestic life operations of American International Group, Inc.,including AGL and USL.
Important: Prior to soliciting business, be certain that you are appropriately licensed and appointed with the insurer and that the product has been approved for sale by the insurer in that state. If uncertain, contact your American General Life Companies representative for assistance.
©2010. All rights reserved.
