National Western Life Presentation - Internet of Business
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Life Product Development; Reaching New Altitudes or Failure to Launch? Paul Garofoli, FLMI Vice President, Marketing and Head of NMO Distribution National Western Life Insurance Company National Western Life
Transcript of National Western Life Presentation - Internet of Business
Life Product Development; Reaching New Altitudes orFailure to Launch?
Paul Garofoli, FLMIVice President, Marketing and Head of NMO DistributionNational Western Life Insurance Company
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• $10.8 Billion in Total Assets• $20.9 Billion Life Insurance In Force• Publicly Traded, Closely Controlled• Life and Annuities• Accepts International Business• Speaks English, Spanish, Portuguese,
Chinese and Russian• Independent Distribution• Second to Market and Niche Focused
NWL Fast Facts
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The Path to Periodic Premium
• The Spark of Creation
• Integrating Underwriting Analytics
• Assembling Vendor Components
• Establishing and Managing Distribution Nat
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The Spark of Creation
• Product Meeting a Need or Niche
• Processing Quick, Simple and Easy
• Pay Competitive Commissions
• Presence Distribution Management
• Partnership Distributor Commitment
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The Spark of Creation
• Partnership MLM/Network Marketer
• Product 15, 20, 30 year Term with ABRs
• Processing E-App, Instant Decision
• Pay Multi-Level
• Presence Outrunning the Bear
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Integrating Underwriting Analytics
• Single Premium Life Success
• Starting Fresh
• Swimming in a Small Pond
• Legacy System Liability
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Integrating Underwriting Analytics
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Integrating Underwriting Analytics
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Assembling Vendor Components
• Product In House with Reinsurer
• RX Check Consulting Actuary
• eApp Insurtech Firm
• Software Insurtech Firm
• Analytics Customized with Reinsurer
• Objective 50% Point of Sale Approval Remainder-Underwriting Review
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Establishing and Managing Distribution
• Controlled and Focused
• One MLM/Network Marketer
• One Independent Distributor
• Freedom Term Express!
• Launching January 1st 2018! Nat
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Freedom Term ExpressProduction Commitment
MLM/Network Marketer $5,000,000
Independent Distributor $5,000,000
Total $10,000,000*
*Annualized Premium, Full Calendar Year
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Life Product Development; Reaching New Altitudes orFailure to Launch?
Paul Garofoli, FLMIVice President, Marketing and Head of NMO DistributionNational Western Life Insurance Company
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