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Business Solutions: Guaranteed Issue Term for Groups
Manage episode 407921318 series 3502265
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When it comes to business solutions - specifically guaranteed issue insurance for groups - the options can feel daunting. That's why we brought in two experts from Principal's business solutions team - Mark Householder & Tom Bates - to talk all things guaranteed issue term for groups. They joined our own John Felton to discuss the following questions:
- What is the ideal company/group for this product?
- Does this use level term, Annually Renewable Term, or are there options for each client?
- What type of financial professionals can find success with this product?
- Who handles the plan and policy administration and billing? Is there a cost?
- Can additional insureds be added to an existing group
- Could you discuss some of the more important qualifications for a group to qualify for guaranteed issue?
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