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
