Relaunch of Master Term
Protection without limits!
We are thrilled to announce the relaunch of our much-anticipated life insurance plan – Master Term! After meticulous planning and dedication, we are excited to share the enhanced features that make Master Term stand out in the market.
What’s New with Master Term:
Higher Coverage Amount: As you know, our Easy Term plan offers coverage up to 1 million USD worth of coverage. With Master Term, you will now be able to offer plans with coverage above 1 million USD up to 10 million USD. This new product will allow you to expand your portfolio and offer a fast and friendly solution to all your clients.
More Benefits: We have now included the option for clients to select any of our Living Benefits (Add-ons) to their Master Term plan. The Cash Advance for Terminal Illness will be included at no cost in all the Master Term plans, just like our Easy Term. Clients will also have the option of adding the Cash for Accidental Loss or Death as well as the Return of Premium. These benefits ensure comprehensive protection for all Master Term policyholders.
Faster and Easier Application Process: Purchasing a Life Insurance plan shouldn’t be a long and stressful process, regardless of the coverage amount. That’s why we’ve revamped the application process to be dynamic and more user-friendly. The Master Term application now has simplified questions, predictive algorithms, and artificial intelligence to streamline the process, just like our Easy Term. Now, obtaining life insurance above $1million USD has never been easier.
Smooth Medical Exam Process: We understand that the medical exam can be a tedious step in the insurance application journey. With Master Term, we have worked to make this process as smooth as possible. Our enhanced procedures aim to reduce any inconvenience associated with medical exams, ensuring a hassle-free experience for both you and your clients.
Competitive Rates: We are delighted to share that Master Term offers rates that are up to 30% less than our competitors in the market. This cost advantage not only benefits our clients but also positions you, our esteemed agents, for success in the highly competitive insurance landscape.
Next Steps:
- Familiarize yourself with the updated Master Term benefits and process. Below we are including a link to view the presentation from the webinar that contains more details of the plan, coverages, underwriting process, etc.
- Prospect new clients. You will now be able to reach a different segment of potential clients and offer them financial protection that best suits their needs.
- Start quoting in your Advisor Mobile App or Advisor Portal any potential clients who may need higher coverage amounts.
We are confident that the relaunch of Master Term will empower you to better serve your clients and drive success in your insurance business. Thank you for your dedication and hard work. Together, let’s make Master Term the go-to life insurance choice in the market!
If you have any questions or need further information, please do not hesitate to reach out to our sales team at sales@olelife.com
