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TRANSITION Critical Illness Insurance Personalized Complete Affordable
MADE FOR YOU! Personalized Complete Affordable Qayam Lalji, BSc Director of Sales Invested in you.
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Sales Leader in the CI Market
2nd 1st Overall Brokerage network Source: LIMRA
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FOUNDATIONS FOR THIS NEW PRODUCT
Maintaining our competitive positioning in the PERMANENT market Strengthen our competitiveness in the TERM market Develop new market opportunities Introduce a Medical Second opinion program Provide a solution to suit all budgets
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The PRODUCT
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Product Enhancement New CI medical definitions Benchmark 2.0
Prevention + benefit Increase from 10% to 15% Addition of 3 illnesses (for a total of 7 medical conditions) Thyroid cancer Lymphocytic leukemia Intestinal cancer Benefit could be paid up to 4 times
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Flexible comprehensive coverage to meet your specific needs
TRANSITION Illnesses Flexible comprehensive coverage to meet your specific needs
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Flexible Comprehensive Coverage
25 ILLNESSES Term coverages Permanent coverages T10 T20 T75 T100 T year payment T year payment T25 *NEW*
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Permanent coverage only
Flexible Return of Premiums (ROPS) Permanent coverage only Permanent coverages: T75 T100 ROPS Good option for business owners 100% of premiums after 15 years
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Permanent coverage only
Flexible Return of Premiums (ROPS) Permanent coverage only Permanent coverages: T75 T100 ROPS Good option for pre-retirees 100% of premiums at age 65
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Permanent coverage only
Flexible Return of Premiums (ROPS) Permanent coverage only Permanent coverage: 100 T year payment ROPS 100% of premiums after 20 years Good option for children
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Early Access to Liquidity
35 Duration ROPS 15 ROPS 20 5 years 15% 10 years 50% 15 years 100% 75% 20 years We are the only insurer to offer a 15% refund after only 5 years NS $50,000 Duration ROPS 65 To age 55 15% To age 58 36% To age 63 70% To age 65 100% Automatic policy loan also available for premium holiday
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Return of premiums upon death (ROPD)
25 T10 T20 T25 T75 T100 T00 20-year Payment ROPD rider available on all term and permanent coverages
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A quick and affordable solution you can count on
TRANSITION Illnesses A quick and affordable solution you can count on
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4 ILLNESSES Cover 85% of all claims Cancer 85% Stroke Heart attack
Aortic surgery 85% Term coverages T10 T20 T25 *NEW* To offer your clients affordable solutions!
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4 ILLNESSES Term coverages T10 T20
New sales opportunities for the mortgage market T25 *NEW* Decreasing to 50% term coverages for T10, T20 and T25!
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4 ILLNESSES T75 T100 Provide even more flexibility
T year Payment All permanent options are available on the 4 illnesses product Provide even more flexibility All ROPS are available: ROPS 15 ROPS 65 ROPS 20 Return of premiums upon death available on all options
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Transition 4 illnesses An affordable solution
Average reduction vs Transition 25 illnesses Age 20 30 40 50 60 T10 T20 T25 T75 T100 T year payment -20% to -30%
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Transition 4 Illnesses Adapted to compete in the mortgage market
CI – Bank (3 or 4 illnesses) Transition – 4 illnesses Coverage decreases to 50% of the original protection Guaranteed and level premiums Life or disability insurance still valid after a CI payment Ability to choose the coverage amount Coverage is guaranteed for life Coverage decreases to 0 with loan balance Increasing premium No more life insurance after a CI payment Cannot choose the coverage amount Need to reapply when changing lender
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Even more affordable with the decreasing to 50% option
Average reduction vs Level coverage Age 20 30 40 50 T10 T20 T25 -10% to -15%
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Fast and Simple Application Process
4 8 simple questions in EVO or F1A 25 10 additional questions in EVO or F1A Instant acceptance for almost half of your clients
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TRANSITION A turnkey solution for young children or 25 4
All products and coverage are available for children Include 5 juvenile illnesses Include Prevention + benefit Juvenile diseases will be harmonized between our different children's products (Child – Life and Health Duo, Transition Child Rider, Transition)
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Transition is adapted to fit all budgets
$114.60/month Example: $$$$ 35 25 illnesses $$$ $93.42/month $$ $21.40/month 4 illnesses $ NS $50,000 $14.67/month T10 D T10 T20 D T20 T25 D T25 T75 T75 ROPs T100 T100 ROPs T100 QP20 ROPs D = Decreasing to 50%
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New feature in the software
Face amount Premium New feature in the software Comparison of available options: By premium By face amount Your client can choose
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CI rider provides a great mix with Life Insurance
T100 – QP 20 4 T10 Decreasing T20 Decreasing T25 Decreasing CI as a rider on: Traditional Insurance
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25 4 ILLNESSES T10 T20 T25 T75 T100 T100 – QP 20 OR ROPS15 or ROPS65
Decreasing ROPS15 or ROPS65 ROPS20 ROPD Available from age 0 to 65* Coverage from $10,000 to $2,500,000 5 juvenile illnesses for children Prevention + benefit included Second medical opinion program No medical testing < age 50 & < $200,000 Face Amount Base CI coverage available as riders on: Traditional insurance, Genesis UL, EquiBuild *Maximum age can vary depending the on plan
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Our Competitiveness T10 T20 T25 T75 T75 + ROPS 65 Very competitive
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Medical Second Opinion
Our new partner, based in the U.S., is a world leader in the medical second opinion field Millions of clients in over 40 countries Service will be available for existing and new clients Medical Second Opinion
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Medical Second Opinion
Simple and easy process One phone number to call (client) They collect all medical information from the client Within 10 business days of receiving the medical information, they provide the medical second opinion and a treatment plan The client can ask for a second opinion even if he or she has not sent a CI claim
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Here is the example of Christopher
Christopher is a 30 years old Occupation: Sales Representative – self-employed worker Stage of life: Buying a first property - condo Needs: Life ($800,000) and disability coverage ($3,000) Passion: travelling – annual budget of $3,000 Annual income: $100,000
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The best mortgage offer for Christopher
1 $800,000 Pick-A-Term T25 (Level) $67/month Disability Credit Rider $3,000 per month $48/month 2 $800,000 Pick-A-Term T25 (Level) $67/month Disability Credit Rider $3,000 per month $48/month CI4 T25 $100,000 - Level $22/month 3 $800,000 Pick-A-Term T25 (decreasing to 50%) $51/month Disability Credit Rider $3,000 per month $48/month 30 Finally a solution that includes Critical Illness Male Non-smoker $99/month $115/month $137/month iA $146/month Not available with a level face amount Banks
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Thank you INVESTED IN YOU.
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