Amount Paid to Senior Clients
Number of Agents Working with GWG Life
As of March 31, 2018
Through the LifeCare Xchange, you can restore options into your clients’ hands. By Xchanging their life insurance policy, they can choose:
“It is desirable to give life policies the ordinary characteristics of personal property.” ~ Oliver Wendell Holmes, Jr. ~ U.S. Supreme Court, 1911
“To spur innovative private market solutions to financing Americans’ long-term care needs.” ~ National Association Insurance Commissioners, 2017
Maintain partial policy benefits without premium payments with a Retained Death Benefit.
Supplement retirement funds with income for life with an Immediate Income Annuity.
Pay expenses and long-term care expenses with a
tax-free Long-term Care Benefit Plan.
Generate immediate funds for living needs with
a Cash Payout.
“We are the Disruptive Force within the insurance industry and will continue our mission until every senior in America knows of this opportunity.” ~ Jon Sabes, CEO
GWG Life’s proven Book of Business Review Program features an ongoing process to identify senior life insurance clients who could qualify for a Policy Xchange before they lapse or surrender.
By analyzing your entire life book, we provide many opportunities for you to re-engage with senior clients and family members, giving them much needed financial solutions through the LifeCare Xchange. And this program also creates a new revenue stream for your practice, all at no cost and very little effort for you.
If you would like more information on GWG Life’s proven Book of Business Review Program download our brochure which features an ongoing process to identify senior life insurance clients who could qualify for a Policy Xchange before they lapse or surrender.
“Your big opportunity may be right where you are now.” ~ Napoleon Hill
Submit a simple application that will gather basic information such as name and contact info, life insurance license number, who their BGA or IMO is, and will consent to a background search. Once the application is successfully submitted, the agent will execute an agreement with GWG Life. Call 1-855-713-9904 to start the process today.Download FAQ’s
Many protections are in place for you and your clients. Client data is protected through our confidentiality and non-disclosure agreement. GWG Life will only market the LifeCare Xchange program to clients. Agents are covered under GWG Life’s E&O insurance protection.Download FAQ’s
Many factors are considered when determining the value of a policy. But here are some general guidelines: Types of Policies: Universal Life and Term convertible to Universal Life Face Value: $100,000 – $10,000,000 Age/Health of Insured: Age 70 and older with medical impairments, especially those who would be considered table-rated or uninsurable todayDownload FAQ’s
Appointed Agents refer a policy owner lead directly to GWG Life using a simple lead referral form. GWG Life contacts the policy owner on the agent’s behalf to begin the health and policy review process. There are no requirements of the agent to gather medical records.Download FAQ’s
There are no additional licensing requirements to become appointed by by GWG Life. We will work directly with the client on the referring Agent’s behalf from the initial intake of the application, through the underwriting and review process, presenting the Policy Xchange offer to the policy owner and completing the transaction. GWG Life keeps the Agent informed through each step of the process.Download FAQ’s
A Policy Xchange is designed for seniors with impairments, chronic, or terminal health conditions. Oftentimes, applicants will be nearing or currently in need of long-term care support and services. GWG Life will require a signed HIPAA releaseauthorizing us to perform a tele-med interview and possibly review medical records. Again, there are no requirements of the agent to gather medical records.Download FAQ’s
Millions of seniors across the country needlessly abandon their life insurance policies every year. For many, they either cannot afford to pay the premiums or they plan to lapse or surrender their policies to qualify for Medicaid. What they don’t realize is that they have the legal right to Xchange their policies into other living benefits. Since 1911, the U.S. Supreme Court has recognized a life insurance policy as an asset and grants the same personal property protections as someone who owns a home. An insurance company has no legal basis to interfere with the transfer of ownership of a life insurance policy.Download FAQ’s
No, the Xchange value is based on the face value of the policy and the outcome of the medical underwriting. The Xchange value is determined by calculating the projected remaining life expectancy of the insured relative to the cost of keeping the policy in-force over that timeframe.Download FAQ’s
FOR FINANCIAL PROFESSIONAL ONLY: GWG Life, LLC (“GWG Life”) is licensed as a provider in all states that regulate the secondary market for life insurance except for AK, DE, LA, ND and VT, and licensed as GWG Life USA, LLC in IN. Only intended for residents in states were GWG Life is authorized to purchase life insurance policies. The GWG Appointed Agent program is not offered in ID, IN, KY, MT and NH.
For Financial Professional Use Only