During this unsettling time of concern regarding the spread of COVID-19 we wanted to take a moment and provide you with a few insurance-related tips to make it through the coming weeks.
Many people are social distancing, which impacts your ability to meet with clients and continue business as usual. However, this is the perfect time to make use of Madison Brokerage’s e-application platforms and accelerated underwriting programs, speed up your business while avoiding labs and exams when possible.
Try VIVE, a fast and paperless e-application platform highlighting 5 carriers: Prudential, Principal, Legal & General America (Banner), Protective and Pac Life.
- Quote, compare, and submit an order online in just 5 minutes.
- Carrier completes the application over the phone.
- Potential underwriting up to $1 million face amount with NO blood work or medical exam.
Try iGO e-applications, also available on our website.
- No pen to paper forms, convenient phone interviews and the elimination of unnecessary touch points.
- Securian, John Hancock, National Life and Penn Mutual will consider up to $5 million face amount with NO exam or labs!
If your client is ineligible for accelerated underwriting exams are still being conducted throughout the country, but rest assured that precautions are being taken:
- Examiners are sanitizing before and after individual exams.
- Examiners are hyperalert, wearing gloves and masks when possible.
- Examiners are instructed to refuse completion of exams at any sign of flu-like symptoms.
- Exams are being completed outside the client’s home if requested.
With the current stock market and economic uncertainty annuity companies will likely lower their rates soon, your clients may want to lock in the higher interest rate guarantees while they can. Please contact our office for the most recent updates at 888-539-3232.
In the meantime, we wish everyone safety and health in this turbulent time.