CHS Protection Plus

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While many positive steps have been made in cancer research, cancer treatments can be very expensive. Do your clients have the funds to pay for the hospital expenses, treatments and prescriptions should your clients be diagnosed with cancer?
Watch this presentation to learn about a new flexible product that pays cash and has a reoccurance benefit after only one year!

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CHS Protection Plus

  1. 1. Welcome!Guarantee Trust Life Insurance Company FOR AGENT USE ONLY Product, features and riders not available in all states.
  2. 2. Did You Know?• Shockingly 1 in 2 men & women will be diagnosed with cancer during their lifetime.1• Medical Bankruptcies are increasing – 1 in 4 cancer patients or their families said they used up all or most of their savings to pay for treatment. (Kaiser Family Foundation and Harvard School of Public Health studies.) – Of the 2.2 million Americans who experienced medical bankruptcy in 2001, nearly 76% had insurance at the beginning of the illness.2• Insured’s out-of-pocket exposure is increasing• Survival rates are increasing due to medical breakthroughs (1) http://seer.cancer.gov/statfacts/html/all.html (2) Himmelstein, D, E. Warren, D. Thorne and S. Woolhandler, “Illness and Injury as Contributors to Bankruptcy,“ Health Affairs Web Exclusive W5-63, 02 February, 2005. Guarantee Trust Life Insurance Company FOR AGENT USE ONLY Product, features and riders not available in all states.
  3. 3. Who will pay and How?• Health insurance? (Becoming more expensive and less comprehensive) – Co-pays and maximum out-of-pockets are on the rise – Coverage for FDA approved procedures only – Alternative treatment methods not covered • These cost have to be paid by the insured• INDIRECT treatment costs? – Travel – Lodging – Food – Child care and more… Guarantee Trust Life Insurance Company FOR AGENT USE ONLY Product, features and riders not available in all states.
  4. 4. Family Budget Affected, too• Everyday living expenses do not go away – Mortgage, rent, car payments, utility bills, etc…• Loss of both incomes could become detrimental if spouse stops working to care for the loved one Where’s the money going to come from? Savings account 401k or IRA Children’s college fund Go into debt Provide your clients a budget saving solution… Guarantee Trust Life Insurance Company FOR AGENT USE ONLY Product, features and riders not available in all states.
  5. 5. Introducing GTL’s New CHS Protection Plus Plan: Lump Sum Cancer, Heart Attack & Stroke Coverage with Reoccurrence Benefits Now available for sale in: AL, AK, AR, DE, DC, HI, IL, LA, MI, MO, MT, NE, NM, OH, OK, SD, TN & WI. More states to come!Guarantee Trust Life Insurance Company FOR AGENT USE ONLY Product, features and riders not available in all states.
  6. 6. CHS Protection Plus Cancer Coverage Basics• Benefit Amount:  $10,000 - $75,000 (increments of $5,000)• Issue Ages:  0 - 85 (age last birthday)• Rate Class:  Individual, Single Parent, Couple and Family• Reoccurrence Benefit: GREAT feature!  Restores incrementally up to 100% over a 5-year period!• Stand alone Cancer plan: another GREAT feature!  Includes coverage for Cancer-In-Situ Guarantee Trust Life Insurance Company FOR AGENT USE ONLY Product, features and riders not available in all states.
  7. 7. New Reoccurrence BenefitThe Reoccurrence Benefit is apercentage* of the Lump Sum Benefitpaid when cancer reoccurs after youhave been in a period of remission for atleast one (1) full year from a previouslydiagnosed cancer and for which benefitshave been paid under this policy. Guarantee Trust Life Insurance Company FOR AGENT USE ONLY Product, features and riders not available in all states.
  8. 8. There’s more to Discuss with Clients• Heart Disease #1 cause of death (men and women) – 1st time Heart Attacks = 785,000 3 • 470,000 will have a reoccurrence 3 – 616,000 deaths resulted of which more than 50% were men 3• Stroke is the #3 cause of death – More than 700,000 individuals annually have a stroke 4 • 500,000 of which are first time attacks 4 • 25% of stoke victims will have a reoccurrence within 5 years 4 – Leading cause of disability among adults in the US 5 (3) http://www.cdc.gov/heartdisease/facts.htm (5) http://www.theuniversityhospital.com/stroke/stats.htm (6) http://www.cdc.gov/stroke/facts.htm Guarantee Trust Life Insurance Company FOR AGENT USE ONLY Product, features and riders not available in all states.
  9. 9. CHS Protection Plus Heart Attack & Stroke Basics• Benefit Amount:  $10,000 - $75,000 (increments of $5,000)• Issue Ages:  0 - 85 (age last birthday)• Rate Class:  Individual, Single Parent, Couple and Family• Reoccurrence Benefit: GREAT feature!  Restores incrementally up to 100% over a 5-year period!• Coronary Angioplasty or Bypass Benefit: (10% of benefit, one time pay out)  In addition to lump sum amount. Not paid if Heart Attack immediately preceded the procedure.• Stand alone plan: GREAT flexibility! Guarantee Trust Life Insurance Company FOR AGENT USE ONLY Product, features and riders not available in all states.
  10. 10. New Reoccurrence BenefitFor the Lump Sum Heart Attackand Stroke Plan or Rider,reoccurrence must be at leastone (1) full year from the datethe Lump Sum Benefit was paid. Guarantee Trust Life Insurance Company FOR AGENT USE ONLY Product, features and riders not available in all states.
  11. 11. CHS Protection Plus Optional Riders• Lump Sum Heart Attack and Stroke:  With reoccurrence benefit• Intensive Care Rider:  Indemnity confinement benefit $150 per unit per day  50% benefit for confinement in a step-down unit• Return Of Premium:  Returns all Premiums (less policy fees and any claims paid) if insured passes away prior to age 85. Guarantee Trust Life Insurance Company FOR AGENT USE ONLY Product, features and riders not available in all states.
  12. 12. Optional Riders cont’d• Therapy & Wellness Rider:  Indemnity benefit of $50 per calendar year for eligible wellness screenings.• Therapy &Wellness Rider additional benefits:  Educational services $50 per session  Healthy lifestyle $25 per calendar year  Hearing, occupational, physical & speech therapy $25 for each day  Alternative Care $75 one time for assessment and/or education  Mental health $50 per session  Lifestyle $25 per visit Please Note: Above benefits have calendar year limitations. Consult brochure for rider details. Guarantee Trust Life Insurance Company FOR AGENT USE ONLY Product, features and riders not available in all states.
  13. 13. Underwriting• Simplified issue – Short Yes/No application – 5 Year “look back” – Unisex rates (no tobacco rating) – Quick Issue (No MIB or PHI) Guarantee Trust Life Insurance Company FOR AGENT USE ONLY Product, features and riders not available in all states.
  14. 14. The CHS Protection Plus Difference Additional Coverage & FlexibilityIncreased: Application coverage amount from $50,000 to $75,000 Issue age from 79 to 85Added: Stand alone heart attack & stroke policy Reoccurrence benefit Cancer-In-Situ coverage Coronary angioplasty & artery bypass benefit Additional riders Single parent and couple rate Guarantee Trust Life Insurance Company FOR AGENT USE ONLY Product, features and riders not available in all states.
  15. 15. Supplemental Compare Products: Protection Plus Advantage? Solutions Issue Ages: To Age 79 To Age 85 P-PLUS Benefit Amounts: Up to $50k Up to $75k P-PLUS Cancer Only Stand Alone Cancer Coverage Options: P-PLUS Stand Alone Heart/Stroke Heart Attack/Stroke Heart Attack/Stroke Rider (25% of Cancer Rider (full benefits) Amount) Available 20 Year ROP Intensive Care Rider P-PLUS Riders Wellness Rider Return of Premium @ Death prior to age 85 Bypass or Angioplasty No Yes (10%) P-PLUS Benefits? Reoccurrence No Yes P-PLUS Benefits? Single, Single Parent, Rating Structure Single & Family P-PLUSGuarantee Trust Life Insurance Company Couple and Family Product, features and riders not available in all states. FOR AGENT USE ONLY
  16. 16. CHS Protection Plus There is no comparison $10,000 Lump Sum--Cancer Only GTL New GTL Company A Company B Company C Company D Company E Company F Age EXISTING 50 $17.46 $15.44 $17.82 $18.00 $15.76 $15.12 $15.55 $16.74 60 $23.85 $24.93 $24.62 $28.80 $24.60 $27.00 $20.74 $26.46 70 $32.40 $34.83 $31.64 $36.00 $30.77 N/A N/A $34.02 75 $35.01 $36.36 $33.59 $36.90 $32.55 N/A N/A $36.18 80 $37.26 $0.00 $0.00 $0.00 $0.00 N/A N/A N/AGuarantee Trust Life Insurance Company FOR AGENT USE ONLY Product, features and riders not available in all states.
  17. 17. Remember the statistics… Everyone is a Potential Client• Cross-sell to your existing book of business Most people have dealt with some aspect of the BIG 3• Voluntary benefit program (Note: 4 life minimum for list bill option)• New Clients Make it part of your health care plan presentation Guarantee Trust Life Insurance Company FOR AGENT USE ONLY Product, features and riders not available in all states.
  18. 18. CHS Protection Plus A Compelling Product Competitive Premiums Higher issue ages Higher Benefit Amounts Flexible plan Multiple application submission options Longer renewal stream Guarantee Trust Life Insurance Company FOR AGENT USE ONLY Product, features and riders not available in all states.
  19. 19. GarityAdvantage www.garityadvantage.com Sales Support: (800) 234-9488 Available: M-F 9:00 am to 5:00pm EST Connect with us on LinkedIn, Facebook & TwitterGuarantee Trust Life Insurance Company FOR AGENT USE ONLY Product, features and riders not available in all states.

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