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Producer's Page

Don't Buy Life Insurance--Buy What it Will Do!

 

Patrick F. Braun
Patrick Braun,
CLU, FIC, LUTCF
National Sales Manager

It’s time for us to get serious about life insurance ownership. According to LIMRA, the industry research group, 30% of American households own no life insurance whatsoever and a majority of families either have no life insurance or not nearly enough!

Life insurance is an amazing property. I’m not talking about the policy itself, which is a lot of clauses, numbers, and legal jargon. I’m talking about what that life insurance policy will do when it’s needed.

Life insurance can provide loved ones time to grieve without worrying about money to pay the bills. It can pay off debts or loans, providing family members the ability to move on with a clean slate. It can keep families in their homes, and at their current standard of living. It can provide money for children’s Christmas and birthday presents as well as tuition and school expenses. It can fund higher education, therefore providing a great head start in life. Life insurance can keep a small business in operation, prevent the necessity of a widow going to work, to try and make ends meet, give children a full time parent and prevent them from becoming “latch key kids”.

Life Insurance also has living value. The cash values of permanent life insurance can help fund a retirement and provide money for emergencies or opportunities.

The policy, itself, is a piece of paper. It rests in a drawer or a safety deposit box until it is needed. When it is needed, it springs into action providing cash for all the things mentioned above. A small premium buys a lot of cash and therefore a lot of security for a family. For this reason, life insurance has been called the “Miracle of Pen and Ink”. The premium is a small price to pay for loving someone and wanting to make sure that he, she, or they are secure! When is the last time you had your life insurance reviewed? How about doing it now?? Don’t buy a policy; buy all the things it can do!

 

Fraternally Yours,
Patrick F. Braun
National Sales Manager

Stay tuned to this page for future news and exciting updates from your National Sales Manager.

 

Illustrations:

Log on to Illustration System - FCSLA has created a special "Producer Gateway" to provide sales tools to our contracted agents and licensed producers.

Non-Conforming Illustration Form (39K PDF*) - This form must be submitted with any life insurance application that is not accompanied by a signed illustration matching the application.

Sales Support:

Ohio Insurance Guaranty Association Disclourse Statement  57KB PDF): This form is to be included with all OHIO applications. Please make sure you send a signed copy of this form with all OHIO life insurance and annuity applications.

MIB Notice to the Proposed Insured (25K PDF) The MIB Authorization form has changed.  The new form will take effect on January 1, 2013.  This new MIB Authorization form (form #: MIB-2012) must be included with all life insurance applications starting January 1, 2013. Any applications with the old MIB Authorization form ( Form #: MIB 2009) received after 1/1/13 will be returned with the new form. 

New York: MIB Notice to the Proposed Insured (25K PDF)

This form will also take effect on January 1, 2013. It must be included with all New York Life Applications starting January 1, 2013. Any applications received after 1/1/13 will be returned with the new form.

Life Insurance and Annuity Applications - Answer a few questions and you will get the application form (PDF) you need for immediate use.

Brochures

Life Insurance Underwriting Guidelines Chart (11K PDF*) - This document shows the medical information we require for applicants based on issue age and amount of insurance applied for.

The Single Premium Whole Life Modified Endowment Contract Acknowledgement Form (120K PDF*) is required to be submitted with all Single Premium Whole Life applications. One to the Home Office with application, one copy to applicant, one copy to agent.

Suitability Form Requirements (48K PDF*) - This document explains the suitability form requirements by state.

Annuity Suitability Form (14K PDF*) - This form must be submitted with any annuity application where required by the state.

Life Insurance Suitability Form (14K PDF*) - This form must be submitted with any life insurance application where required by the state.

Replacement of Life Insurance or Annuity Forms - Click here to find the appropriate Replacement Form for your state. This form must be submitted with any replacement application (life insurance or annuity). One copy to the Home Office with application, one copy to applicant, one copy to agent.

Sales Material Verification Form (37K PDF*) - This form must be submitted with any replacement application (life insurance or annuity). One copy to the Home Office with application, one copy to applicant, one copy to agent.

Electronic Fund Transfer

Non-qualified Section 1035 Tax Free Exchange Request

  • For Life (35K PDF*) - This form is required if the applicant is surrendering a policy with another company and using that surrender as a tax-free exchange to purchase a policy from FCSLA. This form must be submitted with the Replacement of Life Insurance or Annuities form.
  • For Annuity (59K PDF*) - This form is required if the applicant is surrendering a policy with another company and using that surrender as a tax-free exchange to purchase a policy from FCSLA. This form must be submitted with the Replacement of Life Insurance or Annuities form.

Qualified IRA Transfer Request (58K PDF*) - This form is required if the applicant is transferring qualified monies (401K, IRA, Roth IRA, Simple IRA, SEP) and depositing to a qualified Annuity.

HIPAA Authorization (97K PDF*) - This authorization will be used to obtain medical records, if necessary, from the doctor(s) listed on the back of the form.

Marketing and Sales Support:

Display Advertisement Library - A collection of FCSLA print ads in PDF format that can be downloaded and used for your print advertisements.

Adobe Reader* Adobe Reader is required to open and print the documents on this page. If you do not already have Adobe Reader, it is available as a free download from Adobe.)

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