the legal & general america companies

The Legal & General America Companies

Non-New York Business New York Business

Banner Life Financial Strength Ratings

AM Best

Standard & Poor’s

Teleunderwriting at Banner

AppAssist®

A teleunderwriting program designed to:

Shift the administrative burden of filling out an application for life insurance from the financial institution/broker to the insurance carrier

Transfer the case management of processing the application from the financial institution/broker to the insurance carrier

AppAssist®

For term insurance plans only10 year15 year20 year30 year

AppAssist®

Issue Age≤ 50 years51 - 65 years66 - 74 years

Coverage AmountUp to $3 millionUp to $1.5 millionUp to $500,000

Face amount limits:

AppAssist®

Step 1: Submit Agent Contract Appointment to Banner

AppAssistSignatureAuthorization

AppAssist®

Step 2: Agent Completes Request for Life Insurance Interview (RLI)

Request for LifeInsuranceInterviewQuestions on paper form can be answered online using e-Link

https://www.lgaappassist.com/rlilogin.htm

Request for LifeInsuranceInterview

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Submitting Your Life Submitting Your Life Insurance Request Insurance Request

OnlineOnline

Web Site Address:

https://www.lgaappassist.com/rlilogin.htm

Login to your account

Choose “Request for Life Insurance Interview”

Answer Questions

Get Quotes & Risk Class

Submit and You’re Done!

Check the Archives...

AppAssist®

Step 3: Submit Request for Life Insurance Interview (RLI) to Banner Life

Electronic Format:

Paper Format:

AppAssist®

Step 4:Call Center Conducts Interview to Complete Application

AppAssist®

Step 5: Client Uses Voice Signature Option to Approve Application

AppAssist®

Step 6:Client Sent Application Package via Email for Records

Application Instructions

Application Instructions

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Application Instructions

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AppAssist®

Step 7:Call Center Orders Paramedic Exam

AppAssist®

Home office follows up on applicant packet after 5 business days

Home office calls client once a weekwith a maximum of 4 attempts

AppAssist®

Step 8:Call Center Handles Case Management

Banner Life Orders All

APSs

MVRs

Inspection reports

Follows-up with applicant for any outstanding information

AppAssist®

Electronic Status Updates are Available Throughout the Entire Process:

www.LGAmerica.comSkywire Software (formerly IIT)E-Z Data Inc.AgencyWorks

Producer Tracks Status of Case Via Website

AppAssist®

Step 9:Banner Makes Underwriting Decision

AppAssist®

Step 10:Policy Contract Sent Direct to Client or Agency

AppAssist®

If a case is issued as applied for, or a more favorable underwriting class was received, the policy is sent directly to the applicant

If a case is issued other than as applied for, the policy is sent to the general agent

AppAssist®

Step 11:Delivery Requirements Received and Policy Activated

AppAssist®

To activate your contract:

Sign all forms where indicated

Remit premium

Banner Life activates policy upon receipt

AppAssist®

Step 12:Agent Receives Commission

AppAssist®

Questions?This presentation is not for publication. Policy descriptions provided here are not a statement of contract and are not for public distribution. All forms shown are available on the Banner website in the AppAssist forms section.

AppAssist is a process used to expedite the sale of term life insurance. OPTerm policy form #RT-97. Not available in all states.

OPTerm 10 issue ages 20-80 and 20-70 in the state of Washington. OPTerm 15 issue ages 20-70 and 20-65 in the state of Washington. OPTerm 20 issue ages 20-65, 20-62 in Oregon and 20-60 in the state of Washington. OPTerm 30 issue ages 20-50, 20-45 in Oregon and 20-45 in the state of Washington for Standard tobacco class only. Premium rates vary by coverage amount: $100,000-$249,999, $250,000-$999,999 or $1 million and above. Premiums quoted include $50 annual policy fee. Premiums are guaranteed to stay level for 10,15,20 or 30 years, respectively, and increase annually after initial guaranteed period. OPTerm policies can be issued in preferred plus non-tobacco, preferred non-tobacco, standard plus non-tobacco, standard non-tobacco and standard tobacco classes. OPTerm 10,15, 20 and 30 substandard policies can be issued through Table 12, subject to underwriting discretion. Coverage can be renewed to age 95. Policies can be returned without obligation within 20 days of receipt in most states. Two-year contestability and suicide provisions apply. Underwritten and issued by Banner Life Insurance Company, Rockville, MD. 07-078