SmartProtect Flashcards
Premiums will change annually based upon engagement and Vitality status earned each year.
True or False.
True.
What are the risk classes for SmartProtect?
Super Elite Non-Tobacco
Tobacco
Select
Elite Non-Tobacco
In what policy time frame is a face decrease of 60% allowed?
Years 7-10
In what policy time frame is a face decrease of 25% allowed?
Years 4-6
The client must be a resident of the US.
True or False.
True.
SmartProtect has level premiums from year to year.
True or False.
False.
There are no telephone interviews or paramedical visits with the application process.
True or False.
True.
Clients with other simplifed underwriting policies can have a combined face amount up to $2,000,000.
True or False.
False.
Replacements are permitted with the standard SmartProtect processing times.
True or False.
False.
SmartProtect has the same issue ages as Term 17 based on term period.
True or False.
False.
Who’s a good fit for this product?
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.
After the term period ends, the policy becomes renewable on an annual basis with premiums increasing until attained renewal age of _____?
94
Applicants can actively participate in SCUBA diving and receive a Super Elite Non-Tobacco rating.
True or False.
False.
Clients can save money simply by living a healthy life.
True or False.
True.
Due to replacement reviews being required, longer processing times are necessary for replacements.
True or False.
True.
A streamlined underwriting process should help financial professionals place more business.
True or False.
True.
UCheck is available to assist with field underwriting for SmartProtect.
True or False.
False.
Backdating is allowed to qualify an applicant for the maximum age.
True or False.
False.
Face amount increases are not allowed with SmartProtect.
True or False.
True.
Trust, business or other entity arrangements can qualify for SmartProtect.
True or False.
False.
Face amount increases are allowed with SmartProtect up to $1,000,000.
True or False.
False.
Entertainers and professional athletes can not be considered for SmartProtect.
True or False.
True.
US residents, ages ______ in good health and willing to engage in Vitality, standard or better health on a fully underwritten basis are good candidates.
20-60
The total line of coverage from all simplified underwriting products can not exceed $1,000,000.
True or False.
True.
Face amount decreases are not allowed with SmartProtect.
True or False.
False.
The Accelerated Benefit provides a “living benefit” if the insured is certified to be terminally ill with a life expectancy of _____ or less.
12 months
With the Accelerated Benefit how much can the insured receive?
50% of the death benefit; max $1,000,000
The issue age for SmartProtect is 25-60.
True or False.
False.
Which rider is available with SmartProtect?
Accelerated Benefit
The streamlined underwriting process is based on IGO.
True or False.
True.
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.
Select
How many days from a submitted application IGO should applicants receive an underwriting decision?
Two
Underwriting decisions are delivered in 2 days if the application is IGO.
True or False.
True.
On what website(s) is the Pre-Qualification Information Flyer available?
JHRedefiningLife.com
JHSalesHub.com
What can financial professionals use to help them predict the risk class for SmartProtect applicants?
Pre-Qualification Informational Flyer
In what term periods is SmartProtect available?
10, 15 and 20
What are the issue ages for SmartProtect?
20-60
What is the minimum and maximum face amounts for SmartProtect?
$100,000 - $1,000,000
The owner of the policy must either be the insured, or an individual with an appropriate insurable interest.
True or False.
True.
Face amount decreases are the same as Term 17.
True or False.
True.
It can take up to 3-5 days to get an underwriting decision.
True or False.
False.
A SmartProtect applicant’s APS report will not be ordered.
True or False.
False.
To help with field underwriting financial professionals should consult the Pre-Qualification Information Flyer.
True or False.
True.
