Why should you get appointed with an IMO?
By using NAAIP's insurance marketing organization (IMO), you get access to many good contracts with multiple insurance carriers. In addition, you will be regularly updated with the latest products and carriers and you will get assistance in coordinating and customizing your marketing efforts.
If you go it alone, you will get higher contracts, provided you put the work in, but you'll need to hit your quota and will therefore get less flexibility.
NAAIP's IMO provides a high level service to agents like you. Sell high-end life insurance products through NAAIP and receive high commissions, free leads, and much more besides.
Agents should come to NAAIP's Monday through Thursday conference call at noon, ET to discuss the benefits of contracting through NAAIP's IMO. Call 209-255-1000 and enter conference ID 464305.
Exclusive to agents: the NAAIP life insurance quote engine
NAAIP offers agents use of their industry leading LIFE INSURANCE QUOTE ENGINE to drive your business. Sign up for a NAAIP website and you can host it on your own domain.
Click here to sign up for your free website and you get use of the life insurance quote engine for a limited period.
NAAIP pledge holders will have unlimited access to the quote engine, plus full round the clock support from NAAIP technical staff.
Providers of Term Life Insurance
Foresters has been in the life insurance business for more than 130 years, catering to the different financial needs of individuals and families nationwide. Their term life insurance is one of the most sought after products in the U.S, thanks to its affordability and numerous features.
The ING Life Companies offer various types of life insurance, from the pure protection of term life insurance to the flexibility and growth potential of universal and variable universal life insurance policies.
About Term Life Insurance
Term Life insurance is bought for a specific period of time. The amount would be paid to the beneficiary, in case if the insured person dies during the set time period. There would be no amount to be paid at the end of term, if the insured person is alive at the end of tenure.
There are monthly premiums to be paid in order to keep the account status live. Term Life Insurance is considered to be the least expensive.
There is no cash value built over a period of time in Term Life Insurance. The family of the deceased can claim death amount for the insured person.
The term period would vary from one Term Life Insurance to another. It can be anything from one single year to the maximum of 30 years in total.
Different Types of Term Life Insurance:
Annual Renewable Term (ART)*
Annual Renewable Term (ART) is another type of Term Life Insurance. There is an option to extend the plan every year. The plan can be renewed from 10 to 30 years. It is limited up to the age of 95. The premium amount keeps on increasing as the insured person becomes older. It would become impossibly difficult to keep on paying such high premium month after month.
Level Term Life Insurance
In level term life insurance, the premium amount remains level throughout the term life policy. The premium is calculated on the total cost of every year’s annual renewable term prices. The common terms for level term life insurance are 10, 15, 20, and 30 years.
Usually, a policy holder has to shell out higher amount of premium for longer terms because the level of risk increases with age.
* The information provided is intended for licensed insurance agents only. It is not intended for the purpose of advertising the insurance products to the general public.