Introducing Tuition Rewards. Protecting Assets with LTC Insurance and Funding Higher Education...

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Introducing Tuition Rewards

Transcript of Introducing Tuition Rewards. Protecting Assets with LTC Insurance and Funding Higher Education...

Introducing Tuition Rewards

Protecting Assets with LTC Insurance and Funding Higher Education

• No-cost way to reduce the cost of college tuition

• Over 200 Private Colleges across the country – and growing continually

• Only Available to GoldenCare USA Agents and their clients

What Is Tuition Rewards?

• SAGE Scholars Inc. - Incorporated in 1995– Largest U.S. private college savings program

• Basically, an incentive program to help market financial products

• Tuition Rewards can save thousands of dollars off the cost of tuition at over 200 private colleges in 35 states

Why do colleges participate?

• Opportunity to attract qualified students who might not otherwise be familiar with their school.

• Colleges realize they need to remain affordable.

• They want to reward families who conscientiously save and prepare for their child’s education.

How it can work for you?

• Use as a lead generation to increase LTCi sales

• Offer free to prospects who set an appointment to discuss LTCi

• Annual follow-up sales potential

• Again, FREE of charge to you and your clients– Whether or not they purchase coverage

How Does It Work

• Contract with GoldenCare USA

• Register on site

• Offer to prospects

• Give qualified prospects your Access Code

• They immediately start receiving points upon enrollment

How Does Tuition Rewards Work?

• Each point = $1 in tuition reduction

• First, 5,000 bonus points are awarded upon enrollment with SAGE – 10,000 per couple!

• Each year, client can log on to validate account and will receive 2,000 additional points!

Individual Example

Redeeming Rewards

• Using the example – married couple has 50,000 points

• Assume one year’s tuition is $27,000 and the maximum award the school allows is 25,000 points

• They divide the maximum award by 4 to get 6,250 award points/year

• $6,250 scholarship awarded each year!

How Tuition Rewards Can Benefit Your Sales

• Provides you with a unique lead generation tool

• Creates opportunity to meet with prospects – now & in the future

• Helps grow your business while helping your clients fund a college education

Who Would Be Interested?

• Parents• Grandparents who want to assist

grandchildren and/or leave a legacy behind

• Aunts and uncles who want to help support their niece’s/nephew’s college education

• In fact, almost every LTCi prospect!

Here’s How To Do It

How Do I Register?

• Log on to: www.ltcrewards.com

Fill Out Registration

Any Active Writing Number with any of the

GoldenCare LTC carriers will be accepted!

• Pic of email

GC123456MN

Access Code

• After you register & receive your Access Code via email, keep it somewhere safe

• Your Access Code is the same for all of your clients

• Write Access Code on back of Consumer Brochure

GC123456MNFamilies with $200,000 in assets

(INCLUDING their house) OR $80,000 in income are eligible

When they register

• Clients register at www.ltcrewards.com

GC123456MN

Set up your

own

Account!

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After Your Client Registers

• Agent receives email notification

Set a reminder for 11 months later to contact clients for a

review as well as a reminder to validate their Tuition Rewards to earn the additional 2,000 points!

Tuition Reward Deadlines

• Enrollment – Must enroll students by June 30th following their

sophomore year in HS

• Allocation– Must award points to specific student(s) by August

31st before their senior year of HS

• Application– Must submit rewards statements to colleges along

with the student’s application to the college

Participating Collegeswww.tuitionrewards.com

Click on Participating Schools

Tuition Rewards

• Not only a Lead Generation System today, but an ongoing system for the future

• FREE & exclusive to GoldenCare USA agents

• We must monitor agent access codes for abuse… The “Rule of Ten” – 1 sale for every 10 Reward Packages

Our commitment to help you succeed!

Sign up Today!

• Go to www.ltcrewards.com

• Sign up as an Agent

• Get your access code

• Set up your own account

Take The 1st Step Today – Thank You!

GoldenCare USA -- 800-842-7799