life insurance of sales and distribution

BUYING LIFE INSURANCE TO COVER ELDERLY PARENTS

Wipro - Insurance>Solutions>Sales and Distribution Management
Life Insurance and Annuity · Property & Casualty · Agency and Broking · Reinsurance · Solutions . Maximize the value in your sales and distribution channels .
http://www.wipro.com/industries/insurance-solutions/sales-and-distribution.aspx

The State Life Insurance Company reports exceptional 2009 sales ...
Apr 14, 2010 . The State Life Insurance Company reports exceptional 2009 sales, expanded distribution for its asset-based long-term care products. Contact: .
http://www.oneamerica.com/wps/wcm/connect/oa/oneamerica/home/news+center/press+releases/the+state+life+insurance+company+reports+exceptional+2009+sales,+expanded+distribution+for+its+asset-based+long-term+care+products

AUL reports strong 2009 finish Sales and distribution growth reach ...
Mar 29, 2010 . AUL reports strong 2009 finish Sales and distribution growth reach record . AUL's life insurance sales grew by 33 percent, compared to a 16 .
http://www.oneamerica.com/wps/wcm/connect/oa/oneamerica/home/news+center/press+releases/aul+reports+strong+2009+finish+sales+and+distribution+growth+reach+record+levels

Allianz Life | Tom Burns Chief Distribution Officer
Allianz Life Insurance Company of North America . In this role, Burns leads the overall strategic direction of sales and distribution across all business to ensure .
https://www.allianzlife.com/about/executives/tom_burns.aspx

Bajaj+allianz+life+insurance+co+ltd Sales manager profiles | LinkedIn
Current: National Relationship Manager, Bancassurance-Sales & Distribution at Bajaj Allianz Life Insurance Company Limited; Past: Vice President Cross Sell- .
http://www.linkedin.com/title/sales+manager/at-bajaj+allianz+life+insurance+co+ltd/

Term Life Insurance (for healthy seniors)

Key features:

  • Medical examination required, to prove that the insured is in good health
  • Sales and Distribution Channels
    To grow your business, you will want to examine your sales and distribution strategies and determine if . Life insurance companies are being forced to change .
    http://www.entrepreneurship.org/~/media/Files/Resource%20Center/Communities/Entrepreneurship/Sales%20and%20Distribution%20Strategies%20and%20Channels.pdf

  • Insured covered up to the age of 90 or 95 (depends on insurance company guidelines)
  • Premiums increase towards the end of the Term
  • Many seniors outlive the fixed term so look for a policy that can be converted to whole life insurance
  • Consider purchasing Burial Insurance also, should the senior outlive the Term

Burial Insurance (for healthy seniors)

Key features:

  • No medical examination required
  • Insured person is covered for life
  • Premiums are locked-in and do not change
  • Moreover, cash value increases over time
  • If the insured is healthy, then you receive full benefit the day after you pay your first premium
  • Coverage cannot be canceled as long as you pay your premiums on time
  • Proceeds can be used for burial costs and other end-of-life expenses

 

Graded Benefits Burial Insurance (for seniors with health problems)

Key features:

  • No medical examination required
  • Insured person is covered for life
  • Premiums are locked-in and do not change
  • Policy increases in cash value over time
  • You typically only get partial coverage for the first two years, and the full insured amount only in the third year of the policy
  • Insurance company cannot cancel coverage as long as you pay premiums on time
  • Proceeds can be used for burial costs and other end-of-life expenses

Individual Life Market Update Trends in Sales and Distribution
?Term insurance steady growth over the last decade. 6. Term Insurance. Annualized New Premium. $Billions. Source: LIMRA's Individual Life Sales Survey .
http://www.soa.org/files/pdf/PurushothamHoward-5B-6A-pdact06.pdf

 

 

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