At Advisors Excel, we look forward to supporting your life insurance business and helping you grow your business! Whether you’re a new player in the life insurance game or a seasoned million-dollar target producer, your AE Life team is here for you!
Adding life insurance to your product offerings not only makes you a more well-rounded producer, but it also ensures you are able to help your clients reach their financial goals in the most effective, tax-efficient manner possible. From the basic wealth transfer case to the more complex estate planning and premium finance scenarios, your AE Life team can do it all.
CLICK HERE to learn more about our Life team.
Our goal at Advisors Excel is to streamline the new business process in order to increase the speed of issuing policies and to improve our underwriting offers. To achieve efficiency, it is very important that all the medical information is directed to our processing center prior to submission to the carriers.
The most efficient process from a carrier standpoint is to submit a complete package which includes the application, exam, doctors records and cover letter. When carriers receive these types of bundles, as opposed to a piece at a time, your cases will get issued quicker. We will request and review the medical records ourselves so we have them on file in case we need them at again at some point. With this information, we will direct the business to the carrier that will accept your cases at the highest possible rating class for your client.
Flow Chart When You Submit an Application to Advisors Excel
First 48 Hours
Once Exams Results Are Received
Once Carrier Receives Application
This simple process allows you to have a medical underwriting professional on your team when those tough underwriting situations come up. We look forward to assisting you in placing your life cases quicker and at the best possible rating class.
Let's Turn to the Impact We Could Have for You on the Case Design Side:
Advisors Excel producer "Waldo" came to us with a $1.1 million IRA from which the clients did not need income. Waldo wanted us to look at taking that money out and purchasing a 10 pay life insurance policy. After showing him that strategy and the benefit that it provided, we then proposed a strategy utilizing our Life Leverage Plan. Our Life Leverage system generated an additional $200,000 to $400,000 for the client’s beneficiaries (totaling $3.7 million to $3.9 million, tax free).. The client absolutely loved our proposal and jumped at the opportunity to pass on their estate more efficiently.