Guaranteed Issue Term II

• Each insured is covered by an individual term life policy with guaranteed level term premiums for 10 or 20 years.
   
• Policies are issued on a Guaranteed Issue basis – eliminating the hassle and uncertainty of medical underwriting. 
   
• Comprehensive plan and policy administration services through Business Market Administration.
  
   

• Employers interested in offering key employee benefits with a minimum of 10 employees making at least $75,000 annually. Will consider groups between 5-9 lives for employers with Principal Group Term Life, Voluntary Term Life (VTL), or Guaranteed Standard Issue (GSI) Individual Disability Insurance (IDI).  
   
• Key person insurance to help the business recover costs associated with the loss of a key employee.
   
• Buy-sell strategies to help fund business ownership transitions.
   
• Supplemental coverage for participants of a nonqualified deferred compensation plan.
   
• Executive carve-out coverage to supplement company-sponsored group life insurance. 
  
   

• An employer/employee relationship must exist.
   
• 10 lives minimum. Will consider groups between 5-9 lives for employers with Principal Group Term Life, Voluntary Term Life (VTL), or Guaranteed Standard Issue (GSI) Individual Disability Insurance (IDI).  
   
• Group eligibility is determined based on a calculated group risk score involving a de-identified prescription check.
   
• Issue ages: 
  • 10-Year Term – ages 20-70 
  • 20-Year Term – 20-54 
     
• Premium rates increase after the level premium term on a one-year term basis based on attained age.
   
• Policy is convertible for the lesser of 5 years or until insured’s attained age 70. It can be converted to available GI permanent products according to current underwriting guidelines.
  
   

GI Term plan sponsor implementation email - key employee benefit (LF1334)
The financial professional should provide the employer this email template to use when communicating the enrollment process for their key employees. Note that some fields are variable and should be updated prior to sending.
Get Email (OFT)

GI Term participant enrollment email - key employee benefit (LF1335)
Provide the employer this email template to use when communicating the enrollment process to their key employees.
Get Email (OFT)

GI Term employee notification email - key person (LF1337)
Provide the employer this email template to use when communicating the consent form needed from their covered key employees.
Get Email (OFT)

These sales ideas are designed to help you generate sales.

Benefit restoration plan brochure (LH185C)
Typical group insurance coverage, and qualified retirement plans, have limitations for higher-earning key employees. Show your business clients how supplemental individual coverage can help them equalize their benefits. You can customize this to include any of the following: individual life insurance, disability insurance, and retirement solutions. (Use Google Chrome for best results.)
Customize

GI Term overview flyer (BB12437)
Shows employers how Guaranteed Issue Term can be a simple option to finance business solutions. It offers the benefits of life insurance with lower costs and fewer medical requirements.
View (PDF) • Order

GI Term Product Guide (BB12410)
Learn more about Guaranteed Issue Term product eligibility, uses, and the enrollment process.
View (PDF) • Order 

Multi-Life Business Underwriting Program Brochure (BB10097) 
Outlines complete program details and walks you through the review and offer process.
View (PDF) • Order

• Contact Us: 
  • Life sales support
  • Business and Advanced Solutions
  • Business Market Administration