Benefits Basics
Cincinnati Life is the only carrier – Client is multi-state pls choose correct app link
Enrollment is until June 25
Payroll Deduction – July 15th first date / Contract Date is 8/1 (Coverage is date of app)
24 (Semi-Monthly) Deductions (If straight commish EE, they are Monthly)
Term Life / Term ROP
Whole Life 65 / 100
Application Links:
https://bnfts.us/pointenorth-cinfinapp-alabama
https://bnfts.us/pointnorth-cinfinapp-georgia
https://bnfts.us/pointenorth-cinfinapp-south-carolina
https://bnfts.us/pointenorth-cinfinapp-tennessee
Rate Table\
Cash Value info\
CinFin Underwriting Handbook
People
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ROP Term 20 for all ees under age 50 (or who will not attain age 50 by the contract date
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WL 100 for all ees age 51+ (or will attain 51 by Contract Date)
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As discussed prior, buying some form of permanent coverage, even in smaller amounts will serve ees needs for the long term
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We will use ROP T20 and WL rates with Waiver of Premium & Accidental Death Benefit and Children’s Term Rider if desired (see attached)
Highlights
CinFin offers three comprehensive options:
"IF”: Term Life insurance provides guaranteed protection for a specified time period and pays a benefit if you die in this period of time.
“WHEN” Whole life insurance is permanent life insurance and costs more than term because the policy is designed to cover you for your whole life.
”THEN”ー Return on Premium life insurance with a money-back guarantee after the 20 years.
Employee Guarantee – any combination of WL/Term/Term ROP.
Ages 18 – 50 = $100,000 / Ages 51 – 60 = $75,000/ Ages 61 – 70 = $25,000
Spouse Guarantee Must work outside the home 20 hours or more per week
Ages 18 – 60 = $15,000 WL Products Only / Ages 18 – 60 = $25,000 WL/Term/Term ROP with stipulation that employee purchased on self. Non Working Spouse can purchase
Ages 61 – 70 = Simplified Issue
Dependent Children Guarantee
Ages 15 days – 17 years = $10,000 WL Products Only
Ages 18-25 = $10,000 WL Products or $25,000 of Term/Term ROP.**
**Choose one of these options for Guaranteed Issue
Must be Full-time Students, unmarried, and not in the military.
Grandchildren
Ages 15 days -18 years = Simplified Issue Whole Life Products Only