Provada Can Help You Create Sales opportunities ….

Provide your clients a value added service (at no hassle to you), that will open the door to a life insurance sale… and much more!

This program will help your clients and prospects understand what they have, how it works, and the strengths and weaknesses of their current portfolio… worst case scenario the clients policy is performing as expected, and you have built a bond of trust that will stick with that client forever.

Why do your clients need a Policy Review?

In Just 10 years, changes have been made in the way life insurance is designed, priced and medically underwritten.  Provada’s Personal Policy Review Program has been designed to evaluate your client’s current insurance policies in the face of: 

· Changing Interest Rates

· Longer Life Expectancies

· Improved Underwriting Classes

· The Ability to Exchange a Non-Guarantee

   policy for a Guaranteed Policy

What you need to do….

Fill out the Policy Review Fact Finder as complete as possible regarding the client current health and financial objectives. If you are not the writing agent for the client’s current policy, you will need the client to sign an Authorization form, allowing Provada or yourself to obtain the inforce illustrations from the carrier.

Provada does all the work so that you don’t have to…

Provada will take the information you provide, and do an objective review of the client’s current policy versus what is available in today’s market place. We will provide you with a complete turn-key marketing kit that will help you present the findings to your clients. What do you have to lose?

Our kit includes:

• Pre-approach letters for Individual and Business clients

• Simple One Page Fact finder / Authorization forms to obtain the inforce illustrations

• Customizable brochure with your agency information and logo

Ideal Policies for Review:

- Policies 5 + years (dated on or before 2002)                         - Non Guaranteed Products

- Existing UL, Whole Life, and Term Policies                           - Face amounts of $250,000 +

- Policy owners over the age of 50                                              - Existing premiums of $10,000 plus

- Policies with cash surrender values of $10,000 plus

For more information, contact Provada at 415-369-9990.

Are your clients in need of steady income during retirement?
You could choose to finance a portion of this need through certificates of deposit (CDs), but you may run into problems…

Problem:
There is no guarantee a CD will last the clients lifetime - and your clients are looking for Guarantees.
Solution:
A single premium immediate annuity is the only financial product that can guarantee an income for life - "A Guaranteed Paycheck for life."

Problem:
CDs are subject to penalties if cash is withdrawn for unforeseen emergencies before the CD matures. 
Solution:
Many Immediate annuities now allow 100% return of principal on surrender, waiver of surrender charges for terminal illness, and 10% free withdrawals every year.  
Payouts can be tailored so that for certain medical conditions, payments increased up to 20%; or up to 50% for nursing home confinement. Options also include 3% inflation protection and survivor continuation. 

Annuity Bonus Round…
Immediate annuities avoid Probate upon an annuity owner’s death.  The cash value of the annuity will pass to the beneficiary outside of probate. Unless a CD owner has completed a “transfer upon death” form, the CD will pass through probate.

Higher Monthly Payouts, Immediate Annuities many times outperform CDs on payout rates because interest rates are only one component of annuity payouts. Distributions of principal contribute to the stream, as do mortality credits—the dividends that accrue to surviving contract owners. Mortality credits account for a growing share of the payment as you delay the start date

Also remember, insurers base their payout rates on corporate rates.  From 1919 to 2008, the average rate for long-term AAA corporate bonds was 6 percent.  Today, the rate is close to 6 percent and well above the lows of 2.5 percent in the late 1040’s.

Can your clients CD’s compete with this??

Click Here, to view a Case Study

For more information please contact Nickelle Leist at Nickelle@provada.com.

Save Time & Money!

TeleLife Program will Enhance Agent Productivity. 

WCL’s TeleLife program will streamline the way Term Life Insurance Applications are submitted and processed.

The Agents role…

1. You can make the sale in person or over the phone using a short one-page application.

2. Use the Pre-Qualification questionnaire to determine rate class

3. Writing agent signs the application (The client’s signature is not needed to submit the application; client signature will be obtained during the Medical exam.)

4. Submit the short application to Provada at applications@provada.com

or fax the application to: 415.369.9991

Remaining tasks are then handled by Provada and West Coast Life.

1. The phone interview is set-up and conducted with the client;

2. The client interview information is added to application;

3. The client records are ordered (APS’s, MVR’s, Inspection Reports, etc.);

4. Any outstanding requirements are followed up on;

5. The agent will be kept fully up-to-date on all activities.

Features and Benefits

• Application is completed during the 20-minute telephone interview
• Guaranteed completeness of pre-application and replacement forms
• 75% of the interviews are completed within 5 days
• Client signature is not required
• APS orders are reduced
• Expenses are reduced
• Placement ratios are improved
• There are no cost or fees to the Agent/Broker

The result is more sales… and more money!

WCL’s TeleLife Premium Min and Max:

Minimum face amount: $100,000; Maximum face amount: $10,000,000

For more information, please contact Provada at 415-369-9990.