$3,000 ACCIDENTAL DEATH POLICY - Globe Life Insurance Company of New York
Marketplace Bulletin
$3,000 ACCIDENTAL DEATH POLICY (ADP)
PRODUCT INFORMATION
Plan Code AE5 Policy Form GNYINADP
Ages 18-68
APPROVED FOR
5 Individual
DO NOT COLLECT THE PREMIUM
MUST BE BILLED ON ANNUAL MODE
PRODUCT OVERVIEW
POLICY TYPE
5 Accident and Health Term Life Whole Life Annuity Medicare Supplement
The policy pays a one-time death benefit when death occurs from an accident. The cost is only $10 a year for the entire family. ADP is designed for every prospect ages 18-68 and is a tremendous low-cost prospecting tool. It is particularly valuable for individuals unable to afford any other type of coverage. Accidents are among the leading causes of death for young and middle-age Americans. Should the unthinkable occur, a $3,000 Accidental Death Policy can be invaluable for someone with limited financial resources.
Record the names, Social Security numbers, and dates of birth for named insured, spouse, and children on the application. Coverage becomes effective when the named insured or spouse and the Agent sign the application.
There is no money collected at the time of application. Premium is payable at the end of the policy year. The policy can only be billed on annual mode.
Full coverage until the policy anniversary following the insured's 70th birthday.
There are no commissions, renewals, or bonuses payable for this policy.
ELIGIBILITY
A child is less than 21 years of age, unmarried, and lives with primary insured or is primarily dependent upon primary insured for support. Legally adopted children and stepchildren are eligible. There are no health questions on the application. The policy is not underwritten. Customers and their family members are not eligible to be covered under more than one ADP at a time. If ADP lapses, the customer is not eligible for a new policy for three years. BENEFIT OVERVIEW
Primary insured $3,000, spouse $3,000, each child $1,000. Limit one policy per family.
The insurance on any child covered under this policy terminates at the earlier of the termination date of the policy or the child's 25th birthday.
MARKETPLACE BULLETIN: $3,000 Accident Policy
1 ? 2017-2020 Globe Life Insurance Company of New York. All rights reserved.
N9438
GNY2066 1020
REPLACEMENT RULES
Not applicable for this product. MAILING ADDRESS
Paper Application and Home Office Verification Sheet
Globe Life Insurance Company of New York P.O. Box 3125 Syracuse, NY 13220-3125
SUPPLIES AND TOOLS
NEW BUSINESS
AVAILABLE FOR
SUBMISSION FORMS
THE CONSUMER
5 Application
GNYIN-TAP 5 Laptop Sales Presentation
Producer Compensation
eApp
Notification
GNY1882 5 Product Brochure
Producer Compensation
Disclosure
GNY-2616 NY
AVAILABLE FOR AGENT TRAINING
5 General Underwriting Guidelines Brainshark 5 Marketplace Bulletin 5 Sample Policy 5 Compliance Sheet
STATE APPROVAL & REQUIRED FORMS CHART
New York
Application GNYIN-TAP
ACCIDENTAL DEATH POLICY (ADP)
Brochure GNY9435
Outline of Coverage
NR
Replacement Form
N/A
State Specific Policy Exceptions
MARKETPLACE BULLETIN:
2
$3,000 Accident Policy
N9438
GNY2066 1020
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