Associations are always looking to bring more value to their members as ell as generate newly found non-dues revenue.
Allstate Guaranteed Issue Whole Life is bringing both to the forefront:
Member Benefit Features:
- Whole Life available up to Guaranteed Issue of $200,000 With Long Term Care
- Largest Guaranteed Issue amount for Associations in the marketplace
- Long Term Care Rider provides living benefits typically not available with other life policies
- Portability – even if someone is no longer a member of the Association, the benefit is individual and can stay with the member.
Why Offer This Member Benefit:
- With Medicaid representing most payments for people who receive long term care across the country states are proposing to implement payroll tax on its citizens and businesses to help pay for long term care.
- Washington Cares Act which is being modeled by other states to implement payroll tax on people with the ability to opt out of the tax by having a qualified Long Term Care Policy which this meets.
- Most traditional individual Long Term Care companies have left the industry and underwriting has become so difficult that approval rates have plummeted
Benefits to the Association:
- Non-Dues Revenue – earn thousands of dollars of non-dues revenue as a marketing fee from policies bought by members
- Member retention and Appreciation – Providing unique value-added benefits is one way of keeping members happy and appreciative
Don’t miss out, find out how your association can capitalize on this opportunity!
Matt
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