Amplified Overview


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Amplified Overview

  1. 1. Amplified, LLC Confidential – Copyright 2010 © Copying or Distribution without the written permission from Amplified, LLC Management is prohibited. Powering Your Success
  2. 2. The Power of Amplified <ul><li>Amplified has combined distribution, marketing, product development, administration and underwriting into a single focused collaboration that has created an innovative one of a kind turnkey program. </li></ul><ul><li>The power of Amplified provides the opportunity to enter markets quickly while achieving the desired shareholder return, without internal staffing, product development, processing, underwriting, or distribution concerns. </li></ul><ul><li>Amplified specializes in providing small to medium-sized insurance carriers the opportunity to effectively compete in the marketplace. </li></ul>Amplified, LLC - Copyright 2011 - Confidential Competitive Products Target Return on Capital Marketing & Distribution Efficient Implementation Minimal Start-Up Costs No Large Capital Risks
  3. 3. Amplified Provides a Total Solution Amplified, LLC - Copyright 2011 - Confidential Without a large capital risk Distribution
  4. 4. A Unique Team Approach Amplified, LLC - Copyright 2011 - Confidential <ul><li>Amplified provides a unique team approach to program management where all facets are custom designed to work seamlessly together, resulting in a more effective, efficient, and altogether simpler process for your company. </li></ul>Amplified enables you to enter new markets, build distribution, optimize marketing, and strengthen operations in the life and annuity marketplace. It enables you to enhance your position in your chosen marketplace and is focused on providing solutions that will create growth opportunities and improved return on investment. Product development and design supported by actuarial expertise in the areas of valuation and financial projections. Policy administration supported by state of the art technology to provide its clients with full policy service and agency support. Amplified has extensive experience in all phases of administration including new business, commissions, policy service, billing and collection Expertise in all aspects of the underwriting process including administration, field relations, claim review, MIB, application development, Plan F review, and vendor relations.
  5. 5. Key Team Members Amplified, LLC - Copyright 2011 - Confidential <ul><li>Product Development - David Lee , FSA, MAAA, – After attaining the position of Sr. Vice President/Chief Actuary for one of the largest Insurance Companies in USA, David established his company in 1995 specializing in product development. David has published numerous actuarial articles in a variety of industry publications and teaches college mathematics. </li></ul><ul><li>Marketing, Distribution & Training – Chris Conklin, FSA, MAAA, Actuary - Chris developed new products that resulted in one company achieving sales growth over a ten year period from nearly zero sales to over $100 million annually in life sales and $3 Billion annually in annuity sales. Chris has published numerous articles and is recognized as a national authority on agent training. Mark Stone , Marketing Strategist - Expertise in all aspects of the marketing communications and online functions performed by insurance organizations. Mark was a long-time Vice President of corporate communications strategy and implementation. </li></ul>
  6. 6. Key Team Members Amplified, LLC - Copyright 2011 - Confidential <ul><li>Administration – Tom Buchholz , FLMI, ACS, – Extensive experience managing all aspects of software development and hardware support. His diversified knowledge base is includes universal life, annuity, interest sensitive whole life, and traditional product types in addition to numerous conversions and development programs. Steve Kennedy - Expertise includes all aspects of operational and financial management functions performed by insurance companies. Steve was a long-time Vice President of Operations for a major insurance carrier where he guided an operation from processing $500 million in annual sales to over $3 Billion in annual sales over a four year period. Sandy Hensley , FLMI, has 25 years experience in the insurance industry in all aspects of new business and policyholder service administration. </li></ul><ul><li>Underwriting – Tom Gracey - Founder of one of the largest underwriting outsourcing companies in the USA. He’s been a consultant for a Global 400 company, an adjunct professor for more than 20 years, an author, and former Vice President/Chief Underwriter for three major insurance companies. Carla Brown – former Senior Vice President, Division President and Board of Director of one of the largest underwriting and insurance services outsourcing companies in USA. Chad Gracey – former Senior Vice President, Division President and Board of Director for one of the largest underwriting and insurance services companies in the USA. </li></ul>
  7. 7. The Life Insurance Opportunity Amplified, LLC - Copyright 2011 - Confidential <ul><li>According to a recent LIMRA study – 30% of U.S. households (35 million families) have no life insurance protection at all. </li></ul><ul><li>Only 44% of U.S. households have individual life insurance. This is a 50 year low. </li></ul><ul><li>50% of U.S. households (58 million families) say they need more life insurance – the highest level ever </li></ul><ul><li>Most financial services companies still continue to target upper income prospects or seniors. </li></ul><ul><li>There is a huge opportunity to reach a large underserved, underinsured, and uninsured segment of the population with little competition. </li></ul>31% Not Insured <ul><li>Target the large </li></ul><ul><li>underserved </li></ul><ul><li>underinsured </li></ul><ul><li>uninsured </li></ul><ul><li>segment of the population with little competition </li></ul>
  8. 8. Issues in the Marketplace Amplified, LLC - Copyright 2011 - Confidential <ul><li>Need competitive pricing in order to be affordable to consumers. </li></ul><ul><li>Need effective marketing strategy and materials supported by a training program to provide the producer with the tools necessary to be successful. </li></ul><ul><li>Need efficient business processing for high volume with a lower average premium per policy. </li></ul><ul><li>Need effective protective risk selection without costly and time consuming exams and reports. </li></ul><ul><li>Need proactive field management to avoid anti-selection and effective “back-end” monitoring to ensure profitability. </li></ul>Competitive & Profitable Pricing Effective Marketing & Training Efficient Business Processing Protective Risk Selection Proactive Field Management
  9. 9. The Solutions Automated Issue Platform. Amplified, LLC - Copyright 2011 - Confidential <ul><li>Need competitive pricing in order to be affordable to consumers. </li></ul>Efficient cost structure allows for competitive premiums while maintaining profitability. Rules Based Application Processing Known existing distribution and ongoing management. Industry leading marketing campaigns supported by proven training programs. Effective Marketing & Training Competitive & Profitable Pricing Efficient Business Processing indicates… Protective risk selection without costly underwriting requirements indicates… Proactive field management indicates…
  10. 10. The Amplified Point of Sale Application Processing Summary Turnkey program with minimal capital investment Competitive Product Innovative – automated processing AMP – Experienced team with broad experience On-Going management to achieve expected results Excellent niche marketing opportunity Insurance Company Underwriting Agent & Applicant Call Amplified Amplified, LLC - Copyright 2011 - Confidential Lead Generated Pre-Set appointment Pre-Qualification Sale is Made Application is completed Point of Sale Interview/Repeat application MIB searched/IAI/Plan F/Report codes MVR (Motor Vehicle Report) Fraud statement reviewed Agent Check List/Agent Statement Decision is made – Approve/Decline If Declined – Decline letter sent – CFA Notified If Approved – Premium Payment options - Bank Draft authorization completed Policy Number assigned Electronic Transfer of file and decision to CFA Agent & Applicant Administration Front End and Back End Processing Policy Issue - Emails/mails/other - policy to agent/applicant Commissions Policy Owner service Reporting Deposits Premiums to Insurance Company 8 Minutes to Success Agent Applicant
  11. 11. Product Portfolio Amplified, LLC - Copyright 2011 - Confidential <ul><li>Amplified offers a full range of fixed annuity and life insurance products supported by policies and forms that have been approved by a majority of the state insurance departments: </li></ul><ul><li>Fixed Annuity Products Guaranteed Rate Index Options </li></ul><ul><li>Term Life – 10, 20 & 30 Year Periods Simplified Issue Fully Underwritten Numerous rider options available including Return of Premium, Accidental Death and Child Term </li></ul><ul><li>Whole Life Product Simplified Issue Fully Underwritten </li></ul><ul><li>Final Expense Whole Life Product : Simplified Issue Simplified Issue - Substandard – Graded Death Benefit </li></ul>
  12. 12. Contact Information Tom Gracey General Manager Amplified, LLC Telephone Direct: (402) 502-7487 Cell Phone: (402) 681-2622 [email_address]