Salary_Guard
Expert
- 88
With the current economy many people are concerned about their employment status and what they would do if they suddenly lost their income due to involuntary unemployment or unemployment due to accidental disability.
There is a revolutionary new unemployment benefit plan that is now available, and I thought I would share it with you guys to look over and see if its something that you would like to be able to offer to your existing and new clients. This product was just released in Sept. of 2008. This costs nothing to get contracted. The partners can be found on my website as far as who is doing the underwritting and administration on the insured portion of the product.
Ground Floor Opportunity For Agents
The PayCheck Guardian Plan is a revolutionary new 'debt protection' plan. It's been 'cloned' from two sources: US Banks and Britain. In Britain, a similarly designed product is the primary and most prevalent loan protection policy sold, with more than 3 million policies in-force. Quite a few large US Banks are offering a similar product , with the main difference being that the benefit is paid to the lenders in their plans.
It's Time for an Alternative
There's an interesting story told about a large US Bank's early 'brainstorming session' when they were deciding to abandon their traditional credit life insurance program and change to one similar to PayCheck Guardian. One participant asked: "Why are we selling life insurance within the context of lending anyway; Death isn't the major cause of loan delinquencies and foreclosures."
Freddie Mac studied the causes of mortgage loan delinquencies and foreclosures. Loss of Income due to Unemployment and Disability leads the list.
Consumer Oriented
The PayCheck Guardian Plan was designed to 'lend a helping hand'. It offers benefits for real events that impact lives. Bad things do happen to good people. There will be many claims paid by this plan.
We do not maintain that the Plan should replace a well-designed financial plan that includes an individually owned life insurance or disability insurance policy.
We do maintain that the US Public is woefully underinsured, and that the PayCheck Guardian Plan offers coverage which speaks to consumers' REAL FEARS: Loss of Income.
Selling & enrolling customers could not be easier:
Sell in the normal face-to-face situation;
Sell/Enroll over the telephone;
Secure Internet Enrollment;
Direct Mail Possibilities;
Perfect product for Property & Casualty Agencies;
Licensing & Contracting
Varies from state to state. Contact for more information.
Opportunity
Mortgage Protection Organizations have a potentially rewarding opportunity to monetize their 'old' leads / their 'old' data by adding the plan to their product portfolio.
Agents with large in-force blocks of business should consider offering the Membership Plan as additional, supplemental coverage. This product makes for a perfect opportunity to re-visit your current clients.
For more information on becoming contracted with PayCheck Guardian contact
Nathan Evans at [email protected]
For more information about the benefits of the PayCheck Guardian Unemployment Protection Plan visit: www.thesalaryguard.com
There is a revolutionary new unemployment benefit plan that is now available, and I thought I would share it with you guys to look over and see if its something that you would like to be able to offer to your existing and new clients. This product was just released in Sept. of 2008. This costs nothing to get contracted. The partners can be found on my website as far as who is doing the underwritting and administration on the insured portion of the product.
Ground Floor Opportunity For Agents
The PayCheck Guardian Plan is a revolutionary new 'debt protection' plan. It's been 'cloned' from two sources: US Banks and Britain. In Britain, a similarly designed product is the primary and most prevalent loan protection policy sold, with more than 3 million policies in-force. Quite a few large US Banks are offering a similar product , with the main difference being that the benefit is paid to the lenders in their plans.
It's Time for an Alternative
There's an interesting story told about a large US Bank's early 'brainstorming session' when they were deciding to abandon their traditional credit life insurance program and change to one similar to PayCheck Guardian. One participant asked: "Why are we selling life insurance within the context of lending anyway; Death isn't the major cause of loan delinquencies and foreclosures."
Freddie Mac studied the causes of mortgage loan delinquencies and foreclosures. Loss of Income due to Unemployment and Disability leads the list.
Consumer Oriented
The PayCheck Guardian Plan was designed to 'lend a helping hand'. It offers benefits for real events that impact lives. Bad things do happen to good people. There will be many claims paid by this plan.
We do not maintain that the Plan should replace a well-designed financial plan that includes an individually owned life insurance or disability insurance policy.
We do maintain that the US Public is woefully underinsured, and that the PayCheck Guardian Plan offers coverage which speaks to consumers' REAL FEARS: Loss of Income.
Selling & enrolling customers could not be easier:
Sell in the normal face-to-face situation;
Sell/Enroll over the telephone;
Secure Internet Enrollment;
Direct Mail Possibilities;
Perfect product for Property & Casualty Agencies;
Licensing & Contracting
Varies from state to state. Contact for more information.
Opportunity
Mortgage Protection Organizations have a potentially rewarding opportunity to monetize their 'old' leads / their 'old' data by adding the plan to their product portfolio.
Agents with large in-force blocks of business should consider offering the Membership Plan as additional, supplemental coverage. This product makes for a perfect opportunity to re-visit your current clients.
For more information on becoming contracted with PayCheck Guardian contact
Nathan Evans at [email protected]
For more information about the benefits of the PayCheck Guardian Unemployment Protection Plan visit: www.thesalaryguard.com
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