SPWL Products

Is permanent life insurance that guarantees a certain amount of money will be passed on to your chosen heirs at death. By funding a single premium policy, you will create an increased tax-free death benefit , 

• Minimum Death Benefit = $30,000
• Simplified Issue. No medical exam, blood work, or medical records
• Issue ages = 55-80
• Return of Premium
• Accelerated Benefits –  In the case of sickness, up to 75% of the policy’s death benefit can be received before death when certain conditions are met 
• Chronic Illness Benefit & Nursing Home (not available in CA & FL)
• 100% Guaranteed Return of Premium 
• Commission:
  10.00% (55-75)
  9.25% (76)
  8.50% (77)
  7.75% (78)
  7.00% (79)
  6.25% (80)
• Available in all states except AL, KY, MT, NY
  

• Minimum Premium = $10,000 / Maximum Premium = $200,000
• Simplified Issue. No medical exam or blood work. Telephone interview. APS required for ages 66-80 for $50,000+
• Issue ages = 45-80 / 45-72 for Substandard Non-tobacco / 45-71 for Substandard Tobacco
• Return of Premium
• Accelerated Benefits – Terminal Illness Rider – Max amount is 90% of death benefit up to $450K. 
• Critical Illness Rider – Min benefit is $2,500, max is 25% of death benefit up to $100K.
• Chronic Illness Rider - Max amount is 80% of death benefit up to $400K.  
• Commission: 11.00% (45-80)
• Available in all states except AL, AK, HI, LA, MA, NY

• Minimum Premium = $5,000
• Preferred & Standard UW classes
• Issue ages = 18-85 (Preferred) / 18-80 (Standard)
• Return of Premium
• Accelewriting – NO Telephone Interview. Sagicor orders Prescription Check, MIB, MVR, & ID verification.
• Accelerated Death Benefit Rider – Inability to complete 2 of 6 Activities of Daily Living (ADLs) or deVere cognitive impairment. Max benefit is lesser of death benefit minus $25,000 or $500,000. Amount paid out in 48 tax-free monthly payments. Indemnity plan, NO Reimbursement. Client can use funds for whatever they want….home improvements, care costs, ect. 
• Five Crediting Strategies 
• Commission:
  11.00% (18-75)
  10.25% (76)
  9.50% (77)
  8.75% (78)
  8.00% (79)
  7.25% (80)
  6.50% (81)
  5.75% (82)
  5.00% (83)
  4.25% (84)
  3.50% (85)
• Available in all states except CA, DE, FL, MT, ND, NY, SD

• Sagicor’s Sage IUL is available through Accelewriting® with NO telephone interview ever 
• Opportunity for an underwriting decision at point-of-sale, up to $1M in death benefit (depending on age) 
• Built-in Chronic Illness Accelerated Benefit rider, for NO additional upfront cost or additional underwriting 
• Multiple crediting strategy options for a customized approach
• Persistency bonus opportunity of 0.5% starting year 11 
• Potential for greater cash accumulation, with protection from downturns in the market 
• Tax-advantaged growth, distributions, and death benefit 
• IUL Comparison 
• Get an agent kit

 ADVANTAGES:

• An immediate increase in the amount passed to their chosen beneficiaries. 
• The continued growth of the cash-value accumulation, which is generally income tax-free. 
• Transfer of the death benefit to the beneficiary, if they are the named beneficiary, without probate charges. 
• Transfer of the death benefit to the beneficiary without income taxes. 
• Availability of the cash-value accumulation with any income tax charged only when the funds are taken from the policy.
• Accelerated Death Benefit PLUS Rider or Accelerated Death Benefit Rider is included in states where approved. 

MARKET DESCRIPTION: 

• The idea of paying life insurance premiums for a lifetime can be a daunting thought to some people because they may be nearing retirement and facing the prospect of living on a reduced income. They may have been paying premiums into a policy that will need more money to stay in force, or they may find themselves in a situation where they do not need as much coverage as they once had and would like to stop making premium payments. Many people have accumulated liquid assets that they intend to pass along to their children, grandchildren, or even a special charity. At the same time, they are hesitant to “lock up” or “tie up” their money in case it is needed for some unforeseen emergency.   

PRODUCT TYPE: Whole Life Insurance

MINIMUM AMOUNT ISSUED: 

• Non-Qualified Only
• No Tobacco/Tobacco: $25,000 
• Preferred: $100,000 

ISSUE AGES:

• 0–85 for Standard underwriting classes 
• 18–75 for Preferred underwriting classes 

RATE CLASSES:

• Super Preferred No Tobacco 
• Preferred No Tobacco
• Preferred Tobacco
• Standard No Tobacco
• Standard Tobacco
  Only a Standard class is available if age 0–17 

POLICY MATURITY: Age 121

PREMIUMS: Single Premium

DIVIDENDS: 

• Any dividends will be credited on the policy anniversary. Dividends are not affected by policy loans. Dividends are not guaranteed and may be changed by the company at any time.

DIVIDEND OPTIONS:

• Purchase Paid-Up Additions (PUA) 
• Accumulate at Interest 
• Paid in Cash 

POLICY LOANS: 

• Available when policy has accumulated net cash value. Loans will accrue interest. Loans and withdrawals may generate an income tax liability, reduce the cash value and the death benefit if not repaid, and may cause the policy to lapse. 

RIDERS: 

• Accelerated Death Benefit Plus Rider - No additional premium required  
• Accelerated Death Benefit Rider - No additional premium required 
• Guaranteed Purchase Option Rider - Yes additional premium required
• Single Premium Paid-Up Additions Rider - Yes No additional premium required
  Not available in North Dakota. 

STATES AVAILABLE:  AL, AZ, AR, CA, CO, CT, DE, DC, FL, GA, HI, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NC, ND, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, WV, WI, WY 

COMMISSION: 5.00%

BROCHURES:

• Fact Sheet
• Sample Quote
• Pricing

EXAMPLE CASH VALUES :

• Up to 80% of premiums paid after yr 1 
• Up to 88% of premiums paid after yr 5 
• Up to 95% of premiums paid after yr 10
  Values based on male, age 50, Preferred non-tobacco, $25,000 annual premium for 10 years 

MARKET DESCRIPTION: 

• Primarily designed to help provide valuable asset protection to businesses where permanent life insurance is appropriate. This includes: Deferred Compensation, Split-Dollar, Key Employee Coverage, Buy-Sell Agreements, and Section 162 Executive Benefit Plans. The lack of cash value in the early years of many insurance policies might concern policy owners. Sentinel 15 responds with non-guaranteed cash value that is almost 74% of the premium paid by the end of the first year; guaranteed cash value that is almost 40% of the first year premium; and a projected dividend* that is roughly 35% of the first year premium.  

PRODUCT TYPE: Whole Life Insurance 

MINIMUM AMOUNT ISSUED: 

• Qualified and Non-Qualified
• No Tobacco/Tobacco: $25,000 
• Preferred: $100,000 

ISSUE AGES

• 0–85 for Standard underwriting classes 
• 18–75 for Preferred underwriting classes 
  Qualified: minimum issue age is 18 

RATE CLASSES 

• Super Preferred No Tobacco 
• Preferred No Tobacco
• Preferred Tobacco
• Standard No Tobacco
• Standard Tobacco
  Only a Standard class is available if age 0–17 

POLICY MATURITY: Age 121

PREMIUMS: Payable to age 65 or 20 years, whichever is longer

DIVIDENDS:  

• Dividends are not guaranteed and may be changed by the company at any time and for any reason. Dividends are not affected by policy loans. Any dividend for the first policy year will be credited upon payment of the premium for the second policy year. (By current company practice and subject to change, the first year’s dividend will be payable upon the payment of the first modal premium of the second policy year.) Any subsequent dividend will be credited on the policy anniversary. A pro rata dividend for the current policy year is paid on death. Dividends will vary by issue age and duration, sex, tobacco usage, risk class and face amount band. 

DIVIDEND OPTIONS:

• Purchase Paid-Up Additions (PUA) 
• Accumulate at Interest 
• Premium Payment 
• Paid in Cash 

POLICY LOANS: 

• Available when policy has accumulated net cash value. Loans will accrue interest. Loans and withdrawals may generate an income tax liability, reduce the cash value and the death benefit if not repaid, and may cause the policy to lapse. 

RIDERS: 

• Accelerated Death Benefit Plus Rider - No additional premium required  
• Accelerated Death Benefit Rider - No additional premium required 
• Accidental Death Benefit Rider - Yes additional premium required
• Children’s Insurance Rider  - Yes additional premium required
• Guaranteed Purchase Option Rider - Yes additional premium required
• Level Premium Paid-Up Additions Rider - Yes additional premium required
• Single Premium Paid-Up Additions Rider - Yes No additional premium required 
• Spouse Renewable Term Rider  - Yes additional premium required
• Annual Renewable Term Rider - Yes additional premium required
• 10-year Term Life Insurance Rider  - Yes additional premium required
• Waiver of Premium Disability Benefit Rider  - Yes additional premium required
  Not available in North Dakota. 

STATES AVAILABLE:  AL, AZ, AR, CA, CO, CT, DE, DC, FL, GA, HI, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NC, ND, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, WV, WI, WY 

RIDERS: 

• Priced With 10 Yr Term Life Rider For Increased Death Benefit
• Accelerated Benefit Rider included at no cost

COMMISSION: 

• 99% Total Commission
  (18% year 1, 9% years 2-10)

BROCHURES:

• Fact Sheet