Benefits Basics
Cincinnati Life is the only carrier
Payroll Deduction – Bi-Weekly
Term Life 10, 20, 20 ROP (return of premium)
Whole Life to 100, to 65
PLEASE TRY TO SELL ALL WITH ADB AND WOP AND USE THE CORRECT RATES
Term Life / Term ROP
Whole Life 65 / 100
EasySend Production Application Link
Copy and Paste company name above into Employer field on first page.
Monthly/SemiMonthly Rate table
Website about the company: https://www.ranchhope.org/
First Deduction date: July 9, 2021
Contract date: August 1, 2021
Coverage starts on the day they sign the application
The client offers term life with Equitable (37-39 policies in force that they will continue on a payroll deduction). Only 1 Aflac Whole life policyholder. Aflac up to 50K AP and Equitable up to 100K.
Employees are offered 1.5 times salary Equitable. (Not Portable) *USE PORTABILITY AS POSITIONING!\
*Equitable life info
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 (up to age 50 Only)
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
Census Lists for new hires:
May, 2021
https://drive.google.com/drive/folders/1DMRkxeaQ6V6dSAMTYpJVQ7LoRJdDrTt_
June, 2021
https://drive.google.com/file/d/1_zjFv9gUUCyIIL01AOLx9BdiHyzE4m-n/view?usp=sharing
March 2022