Prosperity: A Simplified Issue Life Company
At A Glance
-
A-
-
50-80
-
$1,500-$35,000
-
Paper & electronic options
-
Required
-
AL, AK, AZ, AR, CA, CO, FL, GA, IA, ID, IL, IN, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, NE, NV, NJ, NM, NC, OH, OK, OR, PA, RI, SC, TN, TX, UT, VT, VA, WA, WV, WI, & WY
Overview of New Vista Product
Highlights
Lucrative First-Year Commissions: Competitive commissions for agents in the initial year.
Mandatory Errors and Omissions Coverage: Agents must maintain professional coverage for a secure working environment.
Diabetes-Friendly Underwriting: Accommodating underwriting process for individuals with diabetes.
Consistent Commissions Across Types: Uniform commission rates for level, graded, and modified business.
Competitive Rates for All Ages: Attractive premium rates across all age groups.
Ages 55-80 Coverage: Specifically designed for individuals aged 55 to 80.
Flexible Face Amounts: Coverage options from $5,000 to $35,000.
Convenient Payments: Accepting Direct Express and major credit/debit cards (VISA/MC).
Smoker Status Clarification: Smoker status considerations are limited to cigarette use.
Daily Commission Payouts: Efficient daily payouts for agent commissions.
Product
New Vista Whole Life Series:
Tailored for the senior market, offering simplified issue whole life products.
Three-Tier Classification:
Customers can qualify for Level, Graded, or Modified plans based on health history.
Issue Ages:
50-80 for Level, Graded, and Modified Plans (Age determined by last birthday).
Coverage Amount:
$1,500 to $35,000 ($35,000 aggregate max for multiple Final Expense policies, $5,000 to $35,000 in WA).
Billing Options & Premium Modes:
Direct Bill: Annual, Semi-Annual, Quarterly
EFT and Direct Express MasterCard: Annual, Semi-Annual, Quarterly, Monthly
Policy Fee:
Annual: $40.00
Semi-Annual: $20.60
Quarterly: $10.60
Monthly: $3.60
Product Continued
Simplified issue product with underwriting based on application health questions, MIB, and prescription drug check.
Applicants must meet specific height and weight criteria.
Some applicants randomly selected for personal history interviews.
Apptical for Point of Sale Approval available for a one-appointment sale process.
Riders:
Accidental Death Benefit rider available at 1X the base coverage amount.
Applicable for all three plan types.
Proposed insured must be age 74 or younger at the time of application, and the rider expires at age 75.
Death Benefit
Level Plan:
The policy provides a death benefit that matches the face amount right from the outset of coverage.
Accelerated Death Benefit (Not available in California):
This inherent feature enables the acceleration of up to 50% of the death benefit in case of Terminal Illness.
Graded Plan:
First Year: Death benefit equals 30% of the face amount.
Second Year: Death benefit equals 70% of the face amount.
After Second Year: Death benefit equals the face amount of the policy.
Accidental Death: Death benefit equals the face amount from the first day of coverage.
Modified Plan:
First Year: Death benefit equals 110% of the annual premium (excluding the policy fee).
Second Year: Death benefit equals 231% of the annual premium (excluding the policy fee).
After Second Year: Death benefit equals the face amount of the policy.
Accidental Death: Death benefit equals the face amount from the first day of coverage.
Lead Credit
Lead Credit
When Appointed with Posperity through Final Expense Brokerage you will receive $100 towards leads instantly.