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John Hancock Insurance > SmartProtect > Flashcards

SmartProtect Flashcards

1
Q

Premiums will change annually based upon engagement and Vitality status earned each year.

True or False.

A

True.

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2
Q

What are the risk classes for SmartProtect?

A

Super Elite Non-Tobacco

Tobacco

Select

Elite Non-Tobacco

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3
Q

In what policy time frame is a face decrease of 60% allowed?

A

Years 7-10

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4
Q

In what policy time frame is a face decrease of 25% allowed?

A

Years 4-6

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5
Q

The client must be a resident of the US.

True or False.

A

True.

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6
Q

SmartProtect has level premiums from year to year.

True or False.

A

False.

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7
Q

There are no telephone interviews or paramedical visits with the application process.

True or False.

A

True.

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8
Q

Clients with other simplifed underwriting policies can have a combined face amount up to $2,000,000.

True or False.

A

False.

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9
Q

Replacements are permitted with the standard SmartProtect processing times.

True or False.

A

False.

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10
Q

SmartProtect has the same issue ages as Term 17 based on term period.

True or False.

A

False.

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11
Q

Who’s a good fit for this product?

A

Someone seeking a quick, easy and affordable solution.

Willing to actively engage in the Vitality program.

Inspired to save on premiums by living a healthy life.

US residents between the ages of 20 and 60.

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12
Q

After the term period ends, the policy becomes renewable on an annual basis with premiums increasing until attained renewal age of _____?

A

94

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13
Q

Applicants can actively participate in SCUBA diving and receive a Super Elite Non-Tobacco rating.

True or False.

A

False.

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14
Q

Clients can save money simply by living a healthy life.

True or False.

A

True.

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15
Q

Due to replacement reviews being required, longer processing times are necessary for replacements.

True or False.

A

True.

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16
Q

A streamlined underwriting process should help financial professionals place more business.

True or False.

A

True.

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17
Q

UCheck is available to assist with field underwriting for SmartProtect.

True or False.

A

False.

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18
Q

Backdating is allowed to qualify an applicant for the maximum age.

True or False.

A

False.

19
Q

Face amount increases are not allowed with SmartProtect.

True or False.

A

True.

20
Q

Trust, business or other entity arrangements can qualify for SmartProtect.

True or False.

A

False.

21
Q

Face amount increases are allowed with SmartProtect up to $1,000,000.

True or False.

A

False.

22
Q

Entertainers and professional athletes can not be considered for SmartProtect.

True or False.

A

True.

23
Q

US residents, ages ______ in good health and willing to engage in Vitality, standard or better health on a fully underwritten basis are good candidates.

A

20-60

24
Q

The total line of coverage from all simplified underwriting products can not exceed $1,000,000.

True or False.

A

True.

25
Q

Face amount decreases are not allowed with SmartProtect.

True or False.

A

False.

26
Q

The Accelerated Benefit provides a “living benefit” if the insured is certified to be terminally ill with a life expectancy of _____ or less.

A

12 months

27
Q

With the Accelerated Benefit how much can the insured receive?

A

50% of the death benefit; max $1,000,000

28
Q

The issue age for SmartProtect is 25-60.

True or False.

A

False.

29
Q

Which rider is available with SmartProtect?

A

Accelerated Benefit

30
Q

The streamlined underwriting process is based on IGO.

True or False.

A

True.

31
Q

Which risk class contains all of the following: No tobacco or nicotine products within the past 2 years including celebratory cigars, some medical impairments excluded from the Elite classes may be included, no history of alcohol or drug abuse and no participation in aviation.

A

Select

32
Q

How many days from a submitted application IGO should applicants receive an underwriting decision?

A

Two

33
Q

Underwriting decisions are delivered in 2 days if the application is IGO.

True or False.

A

True.

34
Q

On what website(s) is the Pre-Qualification Information Flyer available?

A

JHRedefiningLife.com

JHSalesHub.com

35
Q

What can financial professionals use to help them predict the risk class for SmartProtect applicants?

A

Pre-Qualification Informational Flyer

36
Q

In what term periods is SmartProtect available?

A

10, 15 and 20

37
Q

What are the issue ages for SmartProtect?

A

20-60

38
Q

What is the minimum and maximum face amounts for SmartProtect?

A

$100,000 - $1,000,000

39
Q

The owner of the policy must either be the insured, or an individual with an appropriate insurable interest.

True or False.

A

True.

40
Q

Face amount decreases are the same as Term 17.

True or False.

A

True.

41
Q

It can take up to 3-5 days to get an underwriting decision.

True or False.

A

False.

42
Q

A SmartProtect applicant’s APS report will not be ordered.

True or False.

A

False.

43
Q

To help with field underwriting financial professionals should consult the Pre-Qualification Information Flyer.

True or False.

A

True.

44
Q
A

John Hancock Insurance (10 decks)

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