National Guardian Life Guaranteed Issue Whole...
Transcript of National Guardian Life Guaranteed Issue Whole...
National Guardian Life
Guaranteed Issue Whole Life
• Headquartered in Madison, Wisconsin
• Founded in 1910
• NGL is a Mutual Life Insurance Company
• Assets: $3.1 Billion
• NGL’s Rating A- (Excellent) with A.M. Best
All figures are derived from consolidated GAAP results as of December 31, 2013.
Ratings current as of 5-3-13.
National Guardian Life Insurance Company is not affiliated with The Guardian Life
Insurance Company of America a.k.a. The Guardian or Guardian Life.
Guaranteed Issue Whole Life:
Product Overview and How to
Complete the Application
Absolutely Guaranteed
issue
NO under-writing
ZERO health
questions
Permanent WHOLE
life FREE
irrevocable trust
assignment option
Level premiums
Cash value
accumulates over time
Pro
du
ct
Fe
atu
res
Product Details
Great commissions*
Face amounts
from $2,500-$25,000
Credit and debit cards accepted
Available for ages 40-80
*For questions about commissions, please contact NAA.
Easy to complete ONE page application!
How to Complete the Paperwork
Standard NGL Guaranteed Issue Whole Life Application Form
ICC14-4000-I (02/14)
(Applications will vary by state; before writing new business,
please verify the current version approved for your
use on www.MyNGLIC.com)
Application Example: Insured Information
Be sure to indicate Male or Female.
Any missing information could result in an issuance delay.
Where should the policy be mailed?
Complete all information on this line
Complete all information on this line, if applicable
Complete all information on this line
Payment Methods & Modes
Payment Mode
1. Write in your selected face amount
2. Calculate your premium
3. Select EFT (monthly, quarterly, semi-annual or annual) or Credit card
5000.00
X
As calculated
Example: Monthly Payment
Example
• Female client
• Age 65
10,000.00
X
83.30
• $10,000 policy
• EFT monthly
83.30
$8.33 x 10 = $83.30
Fill in information
for Credit Card OR
Bank Account
Check this
box
Indicate checking,
savings or credit
card and then write
in Draft Date for
ongoing withdrawal
X
Beneficiary Information
When assigning to an NGL Trust, please be sure to
specify the full name of the trust:
NGL Estate Planning Trust.
NGL Estate Planning Trust
Th
e S
ign
atu
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ecti
on
(s)
Owner Signature
NGL Agent
# Here
%
City where sale was made State Application was signed in
Insured signature and date application was signed
Agent Signature Agent’s Name Printed X
50
Additional Agents Signature Additional Agent Printed Name Additional NGL Number
If your state application
includes any replacement
questions, all of the questions
must be completed.
Date
Trust Assignment: NGL Estate Planning Trust
NGL Estate Planning Trust
Assignment Form (#2591-EPT)
Excess proceeds are paid to the
beneficiary named on the form
Policyholder must sign.
If Power of Attorney (POA),
include POA paperwork.
John E. Smith
Mary K. Smith
John E. Smith, Jr.
Owner Signature Date
Reminders and FAQs
Helpful Reminders
To ensure that your application can be processed quickly, please remember:
Indicate where/to whom the policy should be sent on the top of the application.
If EFT is being drawn from a:
Checking Account: Please include a voided check.
Savings Account: Please have the applicant contact the bank to get the correct bank information and verify that EFT withdrawals are allowed.
EFT cannot be done from Cashier Checks or Money Orders.
Common Application Errors
Incomplete/Missing Information
Agent statement and replacement questions are
incomplete
Signature Date is missing
Missing or incomplete state requirements such
as disclosures or trust assignment forms
For any contract or policy changes, please contact the Agent Support Team!
Submitting Applications
Please submit all NGL applications to NAA
Policy Issuance
Applications are processed immediately.*
In most cases, applications are issued the
next business day!
*Upon receipt of all necessary paperwork.
NGL Agent Website: MyNGLIC
Expanded view of
navigation
Sample view of the
MyNGLIC
homepage
Quick, Easy Reporting through NGL ReportLink
NGL ReportLink
Updated daily
Access via agent website (MyNGLIC) Quick Links
Reports available include: New Business
Commissions
Past Due
Additional Training Resources
Located under “Marketing”
NGL Estate Planning Trust
Located under “Agent Information”
How to Use MyNGLIC (Agent website)
How to Order Supplies
How to Use NGL ReportLink
Please find this presentation on www.MyNGLIC.com
under the Agent Information, Training.
Call NGL Agent Support:
800-988-0826 (Option 1)
Mon – Thurs: 7am – 7pm CST, Fri: 7-5pm CST
Questions? Concerns?
© 2014 National Guardian Life Insurance Company, Madison, WI. GIWL-BS 04-14 For agent use only.
Insurance coverage provided by National Guardian Life Insurance Company. National Guardian Life Insurance
Company is not affiliated with the Guardian Life Insurance Company of America, a/k/a The Guardian or Guardian Life.