With the fourth quarter already underway and the end of the year right around the corner, getting last minute business completed can be tough. Luckily, there are a few things you can do to help increase the chances of converting submitted applications to placed business by year-end.
Beat postal delays with Protective Velocity
With year-end deadlines coming up, the benefits of using electronic capabilities through Protective Velocity are more valuable than ever. If printed documents must be sent to Protective Life, we encourage you to leverage services like FedEx or UPS to avoid delays.
Our IUL delivers more value in $500,000 scenarios
Did you know that the average face amount of IUL policies sold in 2019 was $500,000?1 That means that while your go-to IUL solution may play well in large case scenarios — it may not be the best fit for your client.
Protective Velocity improvements
Continuous Velocity enhancements are being implemented making it easier and faster to do business with us. We are excited to share that even more updates have been made.
Advertising life insurance and annuities
The Advertisements of Life Insurance and Annuities Model Regulation (NAIC 570-1) provides rules for life insurance and annuity advertising. In order to comply with this Regulation, any advertising or marketing material referring to Protective – the Company name, logo, products or services – must be approved by the insurer prior to its dissemination.
Reminder: agent authentication process
In April 2020, we made key updates to our authentication process when agents call into the Customer Experience Advocacy Team (formerly Life Customer Service, Annuity Contact Center and Claims teams).
Recent enhancements to our ExtendCareSM rider
Offer clients an even stronger life insurance solution with a powerful combination of a Protective Life UL and ExtendCare. We have redefined the expectation of loss of Activities of Daily Living down to 90 days instead of 12 months, allowing your clients to address the financial burden a chronic illness could cause more quickly.