People
Real Estate Agency – Face to face enrollment happening 10/28.
Meridio will be handling 80 or so real estate agents that all work remotely
Benefits Basics
Cincinnati Life is the only carrier
Enrollment is October 25 – Nov 12th.
Payroll Deduction – Bi-WEEKLY first deduction date is 12/10 Contract Date is 1/1 (Coverage is date of app).
IF the employee is commission only, and they only get paid when they make a sale, they are Monthly ACH. Same Deduction date, same contract date.
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.
BiWeekly/Weekly Rate Table For Payroll
Monthly/SemiMonthly Rate table For ACH
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