Don’t Miss Out on PruFast Track’s New Requirement

To get more clients on their way to a faster, more convenient buying experience, beginning July 19, 2021, all PruFast Track eligible business MUST be submitted via Prudential Xpress QuickForm Worksheet or Drop Ticket.

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Effective June 28, 2021, PruLife Founders Plus UL^® Is Now Available in PA and WA.

Prudential recently updated Founders Plus with the addition of the Goldman Sachs Voyager Indexed Account and new pricing.

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Transition Period for Term Conversions to Survivorship Allowed Until August 9, 2021

We will allow a transition period for term conversions to survivorship policies until August 9 on an exception basis and subject to current retention limits.

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Executive Bonus Webinar: Attracting and Retaining Key Talent

Register now for this Advanced Planning webinar on Thursday, July 15 at 2:00 PM ET. Brett Berg, from the Advanced Planning team, will walk you through how the executive bonus strategies work. Brett will discuss the market opportunity, strategies, and funding options. Reserve your spot!

Register here

Underwriting Field Guide update and a reminder of changes to COVID-19 temporary guidelines

We’ve included a list of declined and postponed situations and impairments to our Underwriting Guide in order to assist agencies and advisors in their field underwriting and for consideration before submitting business for clients with these conditions.

Other updates include a section on Get More, Get Less customization now available for digital applications, as well as links to more information on our Lab Lift exam substitution program.

Note: The URL to this document has not changed so if your website links directly to our posted document, simply refresh to see the June 2021 version. If you have downloaded or posted previous versions, please remove and replace with a current copy.

June 3^rd Updates to Temporary Underwriting Guidelines
Last year, we implemented temporary underwriting guideline changes due to the COVID-19 pandemic. Our team has been closely monitoring the COVID-19 impact and while the situation remains fluid, we’re continuing to take positive actions to help more families and businesses get the coverage they need. See a summary of the underwriting guideline changes below:

New Age* and Risk Profile Postponement Parameters

Full consideration based on pre-COVID underwriting guidelines for ages 20 – 70. We will continue to postpone ages 71 and over with a tentative rating exceeding Table 2 AND the risk profile includes any of the referenced underlying chronic conditions.
*Age is defined as age nearest birthday

The advisor COVID-19 Response page has been updated to reflect these changes.

Did you know that you have Great Western Insurance Company in your portfolio? 

The GWIC product is a dual product that offers 1st-day coverage to those who can answer four questions no. If they answer yes to any questions, then they are moved to a two-year graded guarantee issue product. Here are some points where our product fits into your portfolio.

• Everyone who applies is guaranteed to be issued
• Liberal underwriting for first-day coverage
  1. No Ht. and Wt. requirements
  2. Multiple HBP Medications = 1st-day coverage
  3. Up to 2 oral medications for diabetes = 1st-day coverage
• Those who can answer a few questions “no” will receive additional benefits
  1. 125% bonus of the face amount – $10,000 applied for becomes $12,500
  2. Receives an accelerated death benefit with the access of up to 90 of the face amount
• GWIC issue age is from 40-80 for Guaranteed Assurance and 50-80 for Assurance Plus.
• $1000 to $40,000 face amounts for Guaranteed Issue
• We provide 6 months advanced on 1^st-day and Guaranteed Issue with a cap of $500 per policy.

Below is a link to our agent field manual, quoting tool, training video, and paperless application.

• GWIC Quote – No password or login needed
  • http://gwicquote.myenroller.com
• For training videos, click here.
• To view our Agent field manual and to learn more about our products, click here.
• Electronic Paperless Application; MyEnroller. Please use the following credentials for a demo of our paperless application MyEnroller. The MyEnroller link is a test system and is licenses in all states. The URL I’ve provided can be copied/pasted into a browser and will download to a Windows device (do not use this on other devices like an iPad or Mac). This promo link is appointed in all states, it will take a minute to download all the forms. You can go through the entire enrollment process and click ‘Complete Case’ without the app submitting.
  • Username: testgwic1
  • Password: Myenroller11
  • Link: http://www.myenroller.com/services/tabletsync/publish/publish.htm

We are here to help you be successful with our products and win your business. We have two stellar departments on standby to assist with your questions. We would love to hear from you.

• Underwriting: If it is not clear if your client qualifies for the Level Death benefit under the Assurance Plus plan, call our prescreen line, (800) 626-2068, Monday Friday, from 7 am 5 pm CST, to speak with an underwriter. Prescreens are not a guarantee of eligibility for Level Death benefit coverage.
• Agent Services: Call (866) 252-5594 option 2, Monday Friday, from 7:30 am 4:45 pm CST, to speak with agent services about any questions that you might have about the agent portal, ordering supplies, E app, and more.

We want to thank you for being part of the Great Western Insurance Company (GWIC^®) Final Expense family. GWIC has a long history of serving families during their time of need. When you choose GWIC, you enjoy the resources of a large company backed by the personal service of a small company.

We’re part of a financially strong organization with an AM Best rating of A (Excellent). We look forward to making a difference in 2021 together.

Important Reminders for the Week of June 21

In case you missed our announcements from last week, here is a recap on what you need to know:  

• LGA Webinar from June 15: 
  Did you miss our webinar about the latest enhancement to our Digital Application Platform? Click here to listen and learn more about the new Get More, Get Less Program providing advisors with the ability to customize coverage for clients in real-time.
• New term pricing was effective on June 16:
  We made premium rate changes to level term periods for Banner Life OPTerm products only with improvements targeting competitive positioning in the preferred rate classes in the 10-40 year term durations. Click here to review the details.

How to play it safe this summer:

Tips for you and your clients on having fun and protecting your family

We’ve put together a list of summer safety tips, including the importance of protecting your family with life insurance, that will help keep you and your loved ones protected all season long.