For agent use only. Not for public distribution or solicitation. MT-TPPT-0215
client’s
Product
Coverage period Lifetime for all benefits
Premium paying period Lifetime for all benefits
Policy fee $40
Payment option Bank draft: savings or checking account
Modal factors Monthly: 0.09 Quarterly: 0.265 Semi Annual: 0.52
For agent use only. Not for public distribution or solicitation. MT-TPPT-0215
Individual whole life Insurance issued in small face amounts for use in planning of final expenses.
Product & Plan Types
• 100% of the policy’s face amount upon issuance of the policy and includes an Accelerated Death Benefit Endorsement; not applicable in all states.
Level
• Except for an accidental death, the benefit during the first policy year is 30% of the policy’s face amount; during the second policy year, the benefit is 70% of the policy’s face amount and thereafter, the benefit is 100% of the policy’s face amount.The Graded policy is not offered in all states.
Graded
• Except for an accidental death, the benefit during the first two policy years, is a return of premium plus 10% interest. Thereafter, the benefit is 100% of the policy’s face amount. The Modified policy is not offered in all states.
Modified
For agent use only. Not for public distribution or solicitation. MT-TPPT-0215
Leve
l Ben
efit W
hole
Life
Policy Type Level
Premiums Based on face amount, issue age, gender (MT is unisex), health and tobacco use
Issues Ages 50-85
Death Benefit $1,000 per unit
Minimum Face Value 50-85: $2,500
Maximum Face Value 50-80: $40,00081-85: $15,000
Accelerated Death Benefit Endorsement (not available in all states)
50% of policy face amount paid upon diagnosis of a medical condition expected to result in death within 12 months.
Accidental Death Benefit Optional Rider
Equal to the death benefit on the base policy (Issue ages 50-70)
Coverage Period Lifetime
Premium Paying Period Lifetime
Policy Fee $40 (built into the premium)
Modal Factors Monthly: .09Quarterly: 0.265Semi Annual: 0.52
For agent use only. Not for public distribution or solicitation. MT-TPPT-0215
Leve
l Ben
efit W
hole
Life
G
rade
d Be
nefit
Who
le L
ife
Policy Type Graded
Premiums Based on face amount, issue age, gender (MT is unisex), health and tobacco use
Issues Ages 50-80
Death Benefit Year 1: 30%Year 2: 70%Year 3: 100% (Final death benefit adjusted for investment loss and admin fees)
Minimum Face Value $2,500
Maximum Face Value $20,000
Accelerated Death Benefit Endorsement
Not available
Accidental Death Benefit Optional Rider
Not available
Coverage Period Lifetime
Premium Paying Period Lifetime
Policy Fee $40 (built into the premium)
Modal Factors Monthly: .09Quarterly: 0.265Semi Annual: 0.52
For agent use only. Not for public distribution or solicitation. MT-TPPT-0215
Mod
ified
Ben
efit W
hole
Life
Policy Type Modified
Premiums Based on face amount, issue age, gender (MT is unisex), health and tobacco use
Issues Ages 50-80
Death Benefit Return of premium plus 10% first 2 years, then $1000 per unit
Minimum Face Value $2,500
Maximum Face Value $15,000
Accelerated Death Benefit Endorsement
Not available
Accidental Death Benefit Optional Rider
Not available
Coverage Period Lifetime
Premium Paying Period Lifetime
Policy Fee $40 (built into the premium)
Modal Factors Monthly: .09Quarterly: 0.265Semi Annual: 0.52
For agent use only. Not for public distribution or solicitation. MT-TPPT-0215
Payment Types
Accepted Payment Types
• Bank draft:Checking or Savings
• Direct bill:Annual only
Not Accepted
• Credit card• Debit card• Money orders• Premium paid
by agent
For agent use only. Not for public distribution or solicitation. MT-TPPT-0215
Remote: Telesale
Face to Face: E-Application
Face to Face: Paper
Point of Sale Options
For agent use only. Not for public distribution or solicitation. MT-TPPT-0215
Application Apptical Interview Submit
MNL New Business Dept.
Policy Issued (clean apps only)
Premium Paid by Draft
Advances paid once the policy is issued and the premium has been received by the company.
Before starting the application process, make sure you’ve pre-screened your client and are satisfied that there is insurable interest and that premium obligations can be met by the payor of the policy.
For agent use only. Not for public distribution or solicitation. MT-TPPT-0215
Pre-Screening: Field Underwriting
Pre-screen client Application Health
Interview
No promises: Do not promise or guarantee coverage until an underwriting determination has been made. X Ask questions before the application:
Complete details regarding illnesses, surgeries, medical conditions and treatment are helpful.
Understand your clients drug history:Prescription drugs, frequency and amount are also helpful to have available during the Apptical interview.
For agent use only. Not for public distribution or solicitation. MT-TPPT-0215
Application
Pre-screen client Application Health
Interview
What to expect on the application
Health Questions
Benefit Determination
Disclosures Bank Information
Before you submit the application, the Apptical health interview must be complete.
For agent use only. Not for public distribution or solicitation. MT-TPPT-0215
Application
Pre-screen client Application Health
Interview
PaperFace to Face
• MLink mlink.madisonlife.com• MNL Supplies
[email protected] ext. 2824
E-Application Face to Face or Telesale
• MLink mlink.madisonlife.com• MLink Support:
[email protected] 1-800-356-9601 ext. 2811
Where is the app?
For agent use only. Not for public distribution or solicitation. MT-TPPT-0215
Health Interview: Apptical
Pre-screen client Application Health
Interview
• Apptical is a third party that will complete the health interview with you and your clientAbout
• 1-866-840-4972• Press 1 - Personal Health Interview
Number
• 8:30 am – 12:00 am EST / Monday – Friday • 10:00 am – 8:00 pm EST / Saturday - Sunday• The interview must be completed at the time of the application
and within Apptical’s operating hours
Hours of Operation
Health Interview: Apptical
For agent use only. Not for public distribution or solicitation. MT-TPPT-0215
Health Interview: Apptical
Pre-screen client Application Health
Interview
Paper
• Face to face
• 2 way call• Wet
signature
E-App
• Face to face
• 2 way call• Digital
signature
Telesale
• Remote• 3 way call• Voice
signature
Prepare your client for a series of questions that may seem redundant to the application. Apptical will pull an MIB check and verify that the client’s medical history is aligned with the answers provided in the interview.
For agent use only. Not for public distribution or solicitation. MT-TPPT-0215
Health Interview: Apptical
Pre-screen client Application Health
Interview
You have an active MNL writing number. You must have a writing number before submitting business
You know how the product is being submitted. (Level, Graded, Modified)
You understand that if you’re face to face with the client then you must be on a two way call.
You have read the Medical Authorization Form (HIPAA) to the Proposed Insured.
You use the Appropriate language for the way you are submitting: Paper, Eapp or Telesale
The Application date is consistent with the Apptical health interview date.
The client is a U.S. Citizen.
Before you call Apptical, make sure you areprepared:
You’ve thoroughly and truthfully asked all health questions listed on the application prior to contacting Apptical.
For agent use only. Not for public distribution or solicitation. MT-TPPT-0215
Health Interview: Apptical
Pre-screen client Application Health
Interview
The Interview: Agent Intro The interviewer will introduce himself and ask:
• Telephone number the agent is calling from • Company name (Madison National Life) • Agent’s name and writing number • Product name and benefit, example: “I am calling for Madison National Life Insurance Company and my client is applying for a Madison Tribute E-App Level Benefit.”
For agent use only. Not for public distribution or solicitation. MT-TPPT-0215
Health Interview: AppticalPre
-screen
client
Application
Health
Interview
Approved
Level
Graded
Modified
Pending
Referred to Underwriter
Decline
Ineligible
For agent use only. Not for public distribution or solicitation. MT-TPPT-0215
Advances & Commissions
App Submitted
Payor Account Drafted
Money Received by MNL
Advance Issued
Money in Your Account
For agent use only. Not for public distribution or solicitation. MT-TPPT-0215
Product Summary
For agent use only. Not for public distribution or solicitation. MT-TPPT-0215
Marketing Materials
Consumer Brochure
Agent Reference Manual
Home Office Contact Sheet
Demo E-App
For agent use only. Not for public distribution or solicitation. MT-TPPT-0215
Contacts
General Agent
CommissionsKyla Graber
Questions or ConcernsMark Saccomanno
UnderwritingMatt McKearn
SuppliesTheresa Rodgers
For agent use only. Not for public distribution or solicitation. MT-TPPT-0215
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