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The MedLife 360 Plan - Health Insurance sales made easy!
VJ Says "be careful what you ask for because you just might get it." Well for all of you health insurance agents that wanted, no wait, demanded, a health insurance policy that differentiates itself from the rest, MedLife 360 has arrived.
Underwritten by Madison National Life and exclusively distributed by MedLife (it gets a bit complicated) this Health Policy offers an ROP term policy that has a Critical Illness Rider included and an optional Disability Insurance Rider.
Agents around the country are giving us great reviews on the Home Office's willingness to work with them on problem resolution but more importantly. in many states, the premium with $25,000 of ROP term & $10,000 critical Illness coverage included is about the same, if not cheaper, than most of the competition's health plans.
The "Street Level" compensation on this product is 20%-5% for the Health part of the policy and 90%-4% (Years 2 though 5) and 3% (Years 6 though 10) on the ROP portion. Remember guys and gals, that is the baseline street level comp, I have seen higher contracts for proven health insurance movers and shakers.
Instead of boring you to tears with more verbiage, my graphic art department has been kind enough to create a chart with all of the relevant facts included:
For agent use only. Not for consumer distribution or solicitation.
This information is a brief outline of The 360 Plan's features. Plans offered may be subject to change. For additional information regarding the plan's benefits, exclusions, limitations and eligibility requirements, refer to the product brochure an dthe life and health insurance policies and riders. The policies are underwritten by Madison National Life Insurance Company, Inc. and issued to Communicating for America, Inc. for its members. Health insurance policy form: MNL GP 107; Term insurance policy form: MTL09P 0207. The plans and availability may vary by state and are not available in all states. Accelerated death benefits paid under certain life insurance policy riders may be taxable.
One of our clients, The Insurance Exchange of the South, has a pretty good website dedicated to the MedLife 360 plan. http://www.ixsouth.com
Your opinions are welcomed. If you would like to give me your opinion on The MedLife 360 Plan or if you would like to voice your opinion on this website, email me: bono@insuranceiq.com
Until then, CIAO and Good Selling!
Vincent J. Bono is the Founder of Insurance IQ. The opinions Vince expresses in this column are strictly his own, and based on the feedback he receives on a daily basis from the 1,300,000 Agents and Securities Reps in the IQ database.