New pre-lapse notifications can help you save the sale

New pre-lapse notifications can help you save the sale Starting July 16, 2021, Great Western Insurance Company (GWIC®) will be rolling out new email notifications to writing agents and their immediate upline whenever clients have a Final Expense policy in danger of lapsing. You’ll receive emails five days into the customer’s grace period and have an opportunity to remind them to renew their contract(s). Retaining customers benefits us all. If you have questions, please call GWIC Agent Care at 866-252-5594, option 2, or by emailing m1agentsupport@americanenterprise.com.   New pre-lapse notifications can help you save the sale     #goldencareagent #gwic
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Categories: Great Western, Industry News, and Life Insurance.

Product changes clarification and past due policies reporting

Product changes clarification and new past due policy reporting Clarification: Updates to Final Expense portfolio On May 1, 2021, Great Western Insurance Company (GWIC®) adjusted the Final Expense product portfolio. The only change that was made to the Guaranteed Assurance (Guaranteed Issue) product was the chargeback period on deaths is now 12 months. The Assurance Plus (First-day coverage) product’s changes are: The minimum age was changed from age 40 to age 50. The minimum face amount increased to $2,500. The chargeback period on deaths was changed to 12 months. View past due policies Previously named the Submitted and Pending Dashboard,
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Categories: Great Western, Industry News, and Life Insurance.

Remember to enter effective dates in MyEnroller

Remember to enter effective dates in MyEnroller When you’re enrolling clients through Great Western Insurance Company’s (GWIC®) electronic application program, MyEnrollerSM, please remember to enter effective dates to make sure clients are not charged more than once in the first month. If an insured has requested a specified draft date, you have the ability in MyEnrollerSM to select a specific date — from the 1st through the 29th — to withdraw the premium every month. If a specified draft date is not selected, the default draft date will be the day of the effective date. Premiums are drafted in the
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Categories: Great Western, Industry News, and Life Insurance.

GWIC Commission Schedule Reminder

Thank you for selling Great Western Insurance Company’s (GWIC®) Final Expense. Your continued support is appreciated. GWIC is committed to the Final Expense market and providing quality products to clients. After completing a thorough review of the Final Expense product, we have decided to change the commission chargeback rule in the event of death. If the death of the policyowner occurs within the first 12 months of the policy being issued, 100% of commissions will be charged back. In accordance with your Agent Agreement and Commissions Schedule, GWIC will apply the changes to the chargeback rule on May 1, 2021.
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Categories: Great Western, Industry News, and Life Insurance.

GWIC updates Final Expense portfolio

GWIC updates Final Expense portfolio On May 1, 2021, Great Western Insurance Company (GWIC®) will adjust the Final Expense product portfolio. What is changing The minimum age on the Assurance Plus product will change from age 40 to age 50. The minimum face amount will increase to $2,500 on the Assurance Plus product. The chargeback period on deaths will now be 12 months on both Assurance Plus and Guaranteed Assurance products. Updated Agent Field Guide Manual is now available The “Agent Field Manual: Final Expense Whole Life” has been updated to align with the new changes. Click here to view
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Categories: Great Western, Industry News, and Life Insurance.

Attention Agents Selling Heritage Plan Whole Life

Heritage Whole Life Update Social Security Drafting Information When selecting Social Security Drafting for GTL’s new Heritage Plan Whole Life Product, if approval date is after the selected draft option, please select an effective date for the policy to be the 1st of the following month in order to have the draft occur on the next expected Social Security payment date. Example 1 The client wants a July 1st effective date and a 2nd Wednesday drafting is requested. ► The first policy draft will occur on Wednesday, July 10th. Example 2 If the policy is effective July 15th and a
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Categories: Guarantee Trust Life, Industry News, and Life Insurance.

Heritage Whole Life Update: Social Security Drafting Information

Heritage Whole Life Update Social Security Drafting Information When selecting Social Security Drafting for GTL’s new Heritage Plan Whole Life Product, if approval date is after the selected draft option, please select an effective date for the policy to be the 1st of the following month in order to have the draft occur on the next expected Social Security payment date. Example 1 The client wants a July 1st effective date and a 2nd Wednesday drafting is requested. ► The first policy draft will occur on Wednesday, July 10th. Example 2 If the policy is effective July 15th and a
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Categories: Guarantee Trust Life, Industry News, and Life Insurance.

Attention Agents Selling New Whole Life Product

Proof of your AML completion is required in order to get your new Heritage Whole Life policies issued. If you are planning on selling GTL’s new Heritage Plan Whole Life Product and you have not yet done so, please send proof of your AML completion (e.g. an image) to agency@gtlic.com. If you have not completed AML training or have a completion date of older than 24 months, you can visit WebCE, QuestCE or Kaplan for online training. Thank you for your business!   Attention Agents Selling New Whole Life Product     #goldencareagent #gtl
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Categories: Guarantee Trust Life, Industry News, and Life Insurance.

Automated Underwriting – Our Instant Decision Solution

The application process for our Term Life Express and Living Promise Whole Life Insurance products is simple – no medical exam and only a few health questions. But did you know when you complete the application using our e-Application you will receive an instant underwriting decision? Automated Underwriting, our instant decision solution, provides you an underwriting decision in minutes, if not seconds, while you are completing the application with your client. New to our e-Applications? Check our our producer training videos below. You can select just the chapters that you need assistance on, or if you are brand new, watch
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Categories: Industry News, Life Insurance, and Mutual of Omaha (& Affiliates).

GoldenCare’s CSG Actuarial Tool Now Offers More Value

Great News! Our GoldenCare CSG Actuarial quoting & comparison tool has been expanded to include new features and additional product lines! Users will now have access to the Document Locker and Electronic Scope of Appointment, as well as have the capability to quote & comparison hospital indemnity plans and final expense!   Document Locker and Electronic Scope of Appointment Now you can sign and electronically store Scope of Appointments! CSG Actuarial is helping agents stay compliant and get to the Medicare Advantage sale faster with the Electronic Scope of Appointment and Document Locker. Benefits of using the eSOA: Scopes are
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Categories: GoldenCare News, Hospital Indemnity Plan, Industry News, Life Insurance, and Medicare Supp./Adv..