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Changes to keep
PlanRight strong in the marketplace
You've made Foresters PlanRight an outstanding
sales success. It's a favorite ForestersTM
product and Foresters is solidly committed to the final expense
marketplace.
We are introducing a number of changes on July 30, 2012, designed to keep PlanRight strong and competitive in the marketplace.
NEW:
Click here
for answers to some of the questions you're asking about the new PlanRight.
Revised rates
- PlanRight
will remain a competitively-priced product (Click here
for comparison) and we will continue to offer eligibility decisions at
point-of-sale.
- Revised Rates apply to new business
written (with Personal Health Interview conducted) on or after July
30, 2012
- Click here for the New
rates and new quick
quotes
- Updated commission schedules were sent to you the
week of July 16. Contact your manager if you require more information.
State approvals
- New states where we will now have Graded and
Modified, where we didn't before:
- Massachusetts, Minnesota, Missouri,
North Carolina, West Virginia
- New state where we will have Modified:
- The Common Carrier Accidental Death Rider is now
available on PlanRight in:
- New Hampshire
and Tennessee
- Click here for state
availability and state
variations
New and improved
application
- New application is now 3 pages long
- New separate stand alone Notices form
- Reduced verbiage makes this section much shorter
- New separate and stand alone Payment Information Form
for ease of use
- Improved question readability and comprehension
- Revised various conditions on the application to
achieve pricing assumptions by plan type
- Much shorter "Authorization"
section
- Introducing a Build Chart to
determine plan eligibility (varies by plan type)
- Removed the Money Order payment
option because we don't support that method of payment
- Click here for the new
application and the new build
chart
Voice Signature
- New separate stand alone Voice Signature on PlanRight application
designed for shorter call times
- Much shorter "Insurance Applied For"
section
- "Owner" section has been removed
- "Acknowledgment of 1st premium" section
has been removed
- "Notices" section is now much shorter
(also applies to paper version)
- Language has been modified to be more
listener-friendly
- The new LiveApp allows
you to potentially bypass recordings, reducing call times
and providing your client with a faster decision
- 4 new VSOP states
- Connecticut, Delaware, Idaho
and Iowa
Transition
- We encourage you to participate in the new PlanRight application training webinars to find
out specific details. Here are copies of the new Producer
Guide and Medical
Reference Guides that take effect on July 30, 2012.
- As of July 16, 2012 only
new application stock could be ordered. Please note that the version
date on the application is 01/12.
- The Personal Health Interview conducted by Apptical and the paper application completed by
the proposed insured must be the same
- The new application cannot be used prior to July 30, 2012
The existing application cannot be used after July 29, 2012
- Applications written prior to July 30, 2012 with PHIs conducted prior to July 30, 2012 will be
accepted at home office until August 9, 2012
Through this all,
we are confident you will continue to see PlanRight
as an attractive offering in the final expense marketplace.
If you have any questions, please call Foresters Sales Support at 866 466
7166 (option 1).
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