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.

iGO No Longer Supports Internet Explorer 11

NOTICE FOR INTERNET EXPLORER USERS Starting Monday, May 24, 2021, iGO e-App® will no longer support the Internet Explorer 11 (IE 11) browser. This means some browser features and content, such as the Credit Card Token process, will not be available. Browsers beware If you attempt to use iGO e-App® with IE 11, or any out-of-date browser, you will receive this message:     “Your browser is no longer supported. Some features and content may not work.”   Active Transamerica LifetimeSM & Transamerica Final Expense Solutions cases If you are using IE 11 and trying to complete a Lifetime or
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Categories: Industry News, Life Insurance, and Transamerica.

Important Heritage Plan Graded Benefit Update

We appreciate your business and efforts in offering GTL’s Heritage Plan to your clients! Effective June 1, GTL is implementing a premium increase for new business and updated face amount limits for our Heritage Plan Life Insurance product. See below for more details. The e-App update will be available soon. Visit GTLink for Updated Rates and Underwriting Guide     New Face Amount Limits Ages 40-85 $2,500 – $20,000 Ages 86-90 $2,500 – $10,000 Replacement Update Replacement of another agent’s in-force Heritage Policy will not be permitted. Two (2) policy maximum per insured. Updated Rates Effective June 1, 2021 Example:
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Categories: Guarantee Trust Life, Hospital Indemnity Plan, and Industry News.

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.

Children’s Whole Life Case Study Flyers

There are several important reasons for parents and grandparents to buy life insurance for their children. It can cover costs associated with an unexpected loss and it can help protect a child’s future insurability. Plus, it’s affordable! Here are some key features of Children’s Whole Life: Available for ages 14 days to 17 years Available in face amounts of $5,000 to $50,000 Simplified application No medical underwriting and limited health questions Rates never increase with age and benefits never decrease Builds cash value Allows additional policies to be purchased in the future without evidence of insurability Use our Protect Future
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Categories: Industry News, Life Insurance, and Mutual of Omaha (& Affiliates).

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.

AM Best upgrades GWIC’s rating to A (Excellent)

AM Best upgrades GWIC’s rating to A (Excellent) AM Best has upgraded the Financial Strength Rating to A (Excellent) from A- (Excellent) of American Enterprise Group’s six insurance company subsidiaries. These subsidiaries operate under the brands of American Republic®, Medico®, and Great Western Insurance Company (GWIC®). With the upgrade, the outlook of these Credit Ratings has been revised to stable from positive. As an independent, non-government company, AM Best does not recommend products or services but does provide independent opinions of a company’s overall financial strength. For the latest ratings, access www.ambest.com. Read press release     #goldencareagent #gwic #greatwestern
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Categories: Great Western, Industry News, and Life Insurance.

Ease Your Client’s Worries with Living Promise

Living Promise Whole Life Insurance is designed to help provide affordable protection that pays benefits directly to the person you choose to take care of your outstanding medical bills, unexpected expenses or debt that you may leave behind. Leaving you with nothing to worry about when you’re gone. Product Features Competitive premiums Simplified underwriting — no medical exam, coverage is based on answers to a few simple health questions Two coverage choices: Level Benefit Plan Policy issue ages: 45 – 85 Benefit amounts: $2,000 – $40,000 (in WA, $5,000 – $40,000) Accelerated Death Benefit for Terminal Illness or Nursing Home
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Categories: Industry News, Life Insurance, and Mutual of Omaha (& Affiliates).