Simplified Life Insurance Solutions For Clients Who Want

Simplified Life Insurance Solutions For Clients Who Want Peace Of Mind.

Canadians Underinsured • Almost HALF of Canadian households (6 million) admit they would have immediate trouble meeting expenses if a wage earner died. • Not only are they underinsured … They know it !!! Source: LIMRA • About 2 in 10 households have NO life insurance at all. • Of those that have coverage over 30% believe they need additional coverage. • Only 23 % of all households had an opportunity to buy through a personal meeting with a life agent.

Simplified Issue: What is it? • Does not require a medical exam, blood test, fluid samples or doctor’s report. • Easier to qualify for this type of life insurance than for traditional insurance. • One of the fastest ways to get life insurance because of the simplified issue process.

Who is it for? People… – with certain issues that may cause a premium to be rated or a refusal on a traditional life insurance; or – who genuinely dislike needles or any type of medical exam; or – looking for a simple and fast process to get life insurance; or – who don’t want the value of their estate diminished by funeral costs and other final expenses; or – who want the tax-free death benefit to be paid quickly.

Addressing Procrastination • Many Canadians put off buying insurance because they anticipate a difficult process, thinking it’s complex and confusing. 1 • Simplified issue products are: Ø easy to understand; Ø easy to apply for. 1. Source: Billion Dollar Baby - The Sales Potential of the Underinsured Life Market in Canada (2007), LIMRA

Underwriting ü With simplified issue products like Golden Protection, the questionnaire on the application represents the underwriting process. ü If all the questions are answered “no”, the client is insurable. ü Clients don’t have to wait for weeks before finding out whether they’re insured or not. ü No premium rating.

Underwriting Issues Some of the elements that make it hard for people to get insurance: • Height and weight restrictions • Diabetes • DUI / Driving record • Drug or alcohol abuse • • • Depression / Anxiety MS / Parkinson High blood pressure High cholesterol Family health history Who do you know are affected by one or more of these issues? A simplified issue life insurance like Golden Protection could be the solution for them.

Medical Questions - Golden Protection

Medical Questions – Golden Protection

What about cost? • Premiums for a simplified issue life insurance are higher than those of a traditional whole life policy issued at the regular rate. • This is due to the higher risk taken by the insurance company on this type of product. • However, premiums for a simplified issue product may be lower than you think!

Cost Example Annual premium for $25, 000 face amount for 60 year-old male non-smoker *5 th lowest premium in Life. Guide Sept. 2012 edition for the WL/Guaranteed Life Pay category.

Cost Example Annual premium for $25, 000 face amount for 60 year-old female non-smoker * 5 th lowest premium in Life. Guide Sept. 2012 edition for the WL/Guaranteed Life Pay category.

What is it for? • Due to the simple underwriting process, face amounts available are lower than traditional products. • Mostly used to cover funeral costs and other final expenses. • They can also be used to: – Cover small debts; – Grow the estate to be passed on to loved-ones; – Give to a charitable organization.

• Permanent life insurance guaranteed level premium • No medical exam, no APS, no fluids or needles • Guaranteed cash values and excellent paid up value • Available for smokers and non-smokers • Available as a policy or rider (spouse) • Issued with limited proof of insurability

• Insurance amount doubles in case of accidental death • In case of accidental death in a public transportation vehicle, beneficiaries receive 5 times the original insurance amount. • Issue ages • 40 to 85 • Policy face amount • $1, 000 to $50, 000 • Guaranteed cash value and guaranteed reduced paid-up option after 3 years

• Living benefit • 50% of the sum insured in the event of a first-time occurrence of a terminal illness • Transportation benefit • $2, 000 payable when death occurs at a site over 200 km away from primary residence • Annual fee • • policy rider (spouse) $60. 00 $30. 00 • Insurance coverage is immediate • Online application approved within 24 -48 hrs • FYC 45%

Deferred Option • If your client has been declined for insurance within the past 2 years, they may still qualify for Golden Protection at the same rates. • Two-year waiting period for the death benefit for nonaccidental death. • Accidental death benefit is immediate. • FYC 35%

Same great features as Golden Protection + Simplified life insurance that allows participants to increase their original coverage amount by 3% annually – without increasing their premiums!* *until the initial sum insured doubles or the insured’s attained age 100 on the coverage’s anniversary.

• Permanent life insurance for clients aged 40 to 80 • No medical exam, no needles or fluids, no APS • Premiums and coverage that will never change • Guaranteed cash value and paid up values • Coverage amount from $1, 000 to $30, 000 • Same great compensation of FYC 45%

Statistics - Diabetes Newfoundland Labrador, Nova Scotia, and Ontario had the highest prevalence of diagnosed diabetes, while Nunavut, Alberta, and Quebec ranked lowest Source: Public Health Agency of Canada (September 2011); using 2008/09 data from the Canadian Chronic Disease Surveillance System (Public Health Agency of Canada).

Statistics - Diabetes If incidence and mortality rates remain at the levels seen in 2009, the number of Canadians aged one year and older living with diabetes will reach 3. 7 million (1. 7 million females and 1. 9 million males) by year 2018 representing an increase of 56% Standardized to the global population. Source: Public Health Agency of Canada (2011); adapted from Shaw JE, Sicree RA, Zimmet PZ. Global estimates of the prevalence of diabetes for 2010 and 2030. Diab Res Clin Pract 2010; 87: 4 -14.

Obesity can lead to: • Type 2 diabetes • Cardiovascular disease • Stroke • Hypertension • Hypothyroidism • Congestive heart failure • Fatty liver disease • Pregnancy complications • Psychological disorders • Cancer • Death

Statistics – Obesity Worldwide * Taking in consideration a BMI > 30

Statistics – Canada’s Aging Population Number of children aged 14 and under and of people aged 65 and over, Canada, 1921 to 2011 Sources: Statistics Canada, censuses of population, 1921 to 2011.

Statistics – Canada’s Aging Population Source: HRSDC calculations based on Statistics Canada. Estimates of population, by age group and sex for July 1, Canada, provinces and territories, annual (CANSIM Table 051 -0001); and Statistics Canada. Projected population, by projection scenario, sex and age group as of July 1, Canada, provinces and territories, annual (CANSIM table 052 -0005). Ottawa: Statistics Canada, 2011.

How to get started with Assumption Life 1 - Obtain a broker code: Complete the Broker Registration Form and send to your MGA. 2 - You will receive an email from Assumption Life indicating your username, password as well as your broker code.

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Benefits of Lia § Reduces acquisition costs § Speeds up process and commission payment § Increases efficiency for everyone (broker, MGA and carrier) § Is a straightthrough process – data enters directly into our admin system § Installs and runs on any device* § Is leading-edge in the industry *Does not work on Lynux OS. Is not designed for smartphones.

WE DELIVER • Simplified products < 5 days • Quick Issue products < 2 days Simplified: Have answered Yes to one of the medical questions or have a face amount higher than $250, 000. Quick Issue: Face amount of $250, 000 or less, where client answers no to all questions.

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