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Generator Protector™ was designed to offer your clients
more coverage - and more flexibility - at a price that's surprisingly
low. In addition to facility care protection, Generator Protector
offers an outstanding package of home and community care benefits
Don't Forget!! Allianz Generator
Protector's 130% Home Health Care benefit uses only 100%,
rather than 130%, from the client's benefit pool.
AVERAGE TIME TO ISSUE = 3 WEEKS!!!!
How does Generation Protector stack up against the competition?
Here's a comparison, based on a 65-year-old male / 62-year-old
female (best UW class), $3000 per month, with 90-day elimination
period, 100% home and community care, lifetime and 5-year
policies, with both 5% compound and COLA options, 0-day HCC
elimination period, and spousal waiver of premium.
| |
Allianz Life |
GE |
John Hancock |
| Lifetime compound* |
$3,573.56
|
$4,714.20
|
$4,842.72
|
| Lifetime simple* |
$2,974.55
|
$3,823.20
|
$3,851.52
|
| 5-year compound |
$2,641.09
|
$3,272.40
|
$3,014.31
|
| 5-year simple |
$2,198.22
|
$2,673.00
|
$2,485.08
|
*John Hancock - preferred class not available
with lifetime benefit period; 2nd class is shown
GE Privileged Choice actuarial memorandum
John Hancock Custom Care Illustration Software, v. 3.21 10/16/2002
Click
Here for Allianz Life LTC Rate Booklet
Click
Here for Allianz Life Generation Protector Sample Policy
Don't forget rate guarantees. Allianz Life is five years.
The competition's is ZERO. And Allianz Life has never increased
rates on in-force business.
| A.M. Best Rating |
A+ |
| S&P Rating |
AA |
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Commission (All Issue Ages)
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| 1st Year = 65% |
Renewal 2-10 = 8% |
Renewal 11+ = 4% |
Click
Here for more information on Allianz
Life™ Instant Commissions - Receive your commissions
on a daily basis
|
|
| AL, AZ, CT, CO, DC, DE, IA, ID, GA, KY, LA, ME, MI,
MN, MO, MS, NC, ND, NE, NH, NM, NV, OH, OK, OR, RI, SC,
SD, TN, UT, WA, WI, WV, WY |
* click here for ALL
FORMS & Contact Info
| NH/ALF Benefit Range |
$100-$500 per day
|
| NH Indemnity Benefit |
Reimbursement
|
| NH Waiver of Premium Waiting Period |
0 days
|
| Home Health Care |
70, 100, 130%
"130% Home Health
Care benefit uses only 100%, rather than 130%, from
the client's benefit pool."
|
| HHC Indemnity Benefit |
Reimbursement
|
| HHC Waiver of Premium Waiting Period |
0 days
|
| Bed Reservation |
60
|
| Caregiver Training |
5x Nursing Daily Benefit, one time
|
| Unlicensed Caregiver |
No
|
| Years to Paid Up |
If 12 months in Nursing Facility,
recovers & returns home
|
| Inflation rider |
3, 4, 5% compound with no cap; or
2x DB cap
|
| Spousal Discount |
30%; 15% for married individual
|
| Care outside USA |
International
endorsement
|
Long Term Care Coverage: Policy provides comprehensive
LTC coverage, including nursing facility, assisted living
facility, and home and community care services.
Underwriting Classes: Five underwriting classes are
available -
Click
Here for Allianz Life Generation Protector Underwriting Guide
| •Preferred Plus |
•Preferred |
•Standard |
| •Select I |
•Select II |
|
Issue Ages: 18-84, age last birthday
Rate Guarantee: 5 YEARS
TheUSBroker Allianz Life LTC Representative
phone: 1-801-694-1967
fax: 1-801-583-0856
e-mail: jyarmark@theusbroker.com
Daily Benefit Amounts: Insured may choose a daily
benefit amount from $100 to $500, in $10 increments,
to cover nursing facility or assisted living facility care.
For home and community care, choose 70%, 100%, or 130%
of the facility care daily benefit amount elected. (130% Home
Health Care benefit uses only 100%, rather than 130%, from
the client's benefit pool.)
Benefit Periods: Insured may choose from 2, 3, 4,
5 or 8 years or unlimited benefits.
Maximum Lifetime Benefit: The maximum lifetime benefit
is calculated as the facility care daily benefit times the
benefit period (in years) times 365.
Elimination Period: 7, 30, 60, 90, or 180-day elimination
periods are available. The elimination period must be satisfied
only once during the insured's lifetime. Once satisfied, no
further elimination period is required. The elimination period
applies to each insured individually in the case of spousal
coverage.
Guaranteed Renewability: Allianz Life™ will never
cancel, refuse to renew, or place restrictive riders on coverage
once issued, as long as premiums are paid as billed.
Waiver of Premium: If the insured has satisfied the
elimination period and is eligible for benefit payments, premiums
will be waived as they come due. premiums will continue t
be waived for as long as benefits remain payable.
Nursing Facility Recovery Benefit: Policy is paid
up if insured spends 12 months in a nursing facility, recovers,
and returns home.
Caregiver Training Benefit: Funds to train a friend
or family member to provide your care. Benefit equal to five
times the facility care daily benefit.
Respite Care Benefit: Benefits for an alternate caregiver
to give your daily informal caregiver a break, up to 30 days
per year.
Care Coordination Advisor: Voluntary program offers
insured and family direct assistance in developing a plan
of care, and locating and coordinating care services.
Bed Reservation Benefit: If the insured is receiving
benefits during confinement to a nursing facility or assisted
living facility, we will continue to pay up to the maximum
facility care daily benefit amount if the insured becomes
hospitalized or temporarily leaves the facility and is billed
by the facility to reserve existing accommodations. This benefit
is payable for a maximum of 60 days per year.
Five Year Rate Guarantee
International Coverage Benefit Endorsement
30% Discount for Spousal Policies
15% Discount for an Individual Insured Who is Married
Qualifying for Benefits:
- After providing proof of loss, benefits for covered care
services become payable if the insured has satisfied the
elimination period and:
- Is certified, within the previous 12 months, unable to
perform two out of six Activities of Daily Living (ADLs)
without substantial assistance from another individual,
and the condition is expected to last for at least 90 continuous
days due to loss of functional capacity; or
- Requires substantial supervision due to a severe cognitive
impairement. Severe cognitive impairement means a deficiency
in short or long term memory; orientation as to person,
place or time; deductive or abstract reasoning; or judgement
as it relates to safety awareness.
Activities of Daily Living (ADLs)
| •Bathing |
•Eating |
•Dressing |
| •Toileting |
•Continence |
•Transferring |
Payment Modes: Traditional modes
of payment are available; Choice of annual, semi-annual, quarterly,
or monthly pre-authorized bank draft.
Endorsed Group Discount: We offer
a 7% premium discount to members of eligible endorsed groups.
Prior to submission of endorsed group business, an application
for approval of endorsed group must be submitted to Allianz
Life™ for review and approval.
* click here for ALL
FORMS & Contact Info
ADDITIONAL RIDERS AVAILABLE (options
may vary by state)
Monthly Indemnity Benefit Riders:
- Additional monthly cash benefits paid to insured, to be
used for any purpose not covered under the basic plan. Maximum
benefit is the lesser of two times the benefit period or
10 years.
- Comprehensive monthly indemnity benefit rider - choose
from $250, $500, $750, $1,000, $1,250, or $1,500 per month
- Home and community care monthly indemnity benefit rider
- choose from $250, $500, or $750 per month
Waiver of Home and Community Care Elimination
Period Rider: Waives the elimination period while chronically
ill and receiving home and community care. Each day the insured
receives benefit payments for home and community care will
count toward satisfying the facility care elimination period.
May not be selected with 180-day elimination period.
Home and Community Care Monthly Benefit
Rider: Converts daily home and community care benefit
to a monthly benefit that can be applied to care received
during that month.
Spousal Shared Care Rider: Allows
the two insureds to share maximum lifetime benefit amounts.
May not be selected with the resotration of benefits rider.
Spousal Waiver of Premium Rider:
Premiums are waived for both insureds if one is eligible for
benefit payments.
Spousal Survivorship Rider: Policy
is fully paid-up if one insured dies after both policies have
been in force for at least 10 years.
3%, 4%, or 5% Lifetime Compound Benefit
Increase Rider: Increases the daily benefits and remaining
maximum lifetime benefit amount by 3%, 4%, or 5% each year
until policy terminates
Simple Benefit Increase Rider: Increases
the daily benefits and remaining maximum lifetime benefit
amounts each year by 5% of the original benefit amounts until
the policy terminates.
Limited Pay Rider: Policy is fully
paid up when the insured reaches the LATER of age 80 or 15
policy years.
Accelerated Premium Rider: Insured
pays higher premium rates for the first 10 policy years, then
lower rates in policy years 11 on.
Restoration of Benefits Rider: Restores
the full maximum value of benefits after insured recovers
from illness and benefits are not payable for 180 consecutive
days. May not be selected with the spousal shared care rider
or lifetime benefit period.
Shortened Benefit Rider: Provides
extened benefit if the policy lapses after 3 or more years.
Coverage continues until the total of benefits paid under
the policy and riders, including benefits paid before lapse,
equals the total premiums paid but is never less than 30 times
the facility care daily benefit in effect at the time of lapse.
There is no cash value or death benefit. If this rider is
not selected, a contingent benefit upon lapse endorsement
will be issued at no cost.
Full Return of Premium Upon Death Rider:
Death benefit is equal to the total of all premiums paid.
If you would like more information
and to receive a "Starter Kit", register
online today and you will receive an email immediately
on how to get started.
For
licensing and new sales - contact:
Allianz Life Insurance Company of
North America
TheUSBroker Allianz Life LTC Representative
phone: 1-801-694-1967
fax: 1-801-583-0856
e-mail: jyarmark@theusbroker.com
Click on the links below for Allianz Life pdf documents
For quotes or additional information call the:
FASTeam now at 800.950.7372
Ask for your free illustration software, plus an article on
future home health care and LTC trends.
Visit www.accessallianz.com
for a current consumer application that's approved for your
state (opens in a new internet browser window)
Allianz Life Insurance
Company of North America - Unmatched Financial Strength
As part of the Allianz Group, Allianz Life offers a level
of security that is virtually unequalled in the industry.
That means you know you're dealing with a company that will
keep the promises it makes. Foremost in our minds is the safety
of the funds you entrust to our care.
› Allianz Life by the numbers
- The nation's #1 seller of equity indexed annuties each
year since 2000 (The Advantage Group based
on 2000, 2001 & 2002 sales).
- #1 choice among independent agents (LIMRA
2002 - #1 in American in sales of fixed annuities through
independent agents each year since 2000, according to LIMRA
International reports for sales in 2000, 2001, and 2002.)
- The Financial strength of Allianz Life has consistently
been rated "Very Strong" by Standard & Poor's
and "Superior" by A.M. Best, among the highest
ratings assigned (The independent ratings
are based on an analysis of financial results and evaluation
of management objectives and strategies. The ratings do
not indicate approval by the analysts and are subject to
change).
› Allianz Group by the numbers
- One of the world's leading providers of integrated financial
services.
- The worlds 18th largest corporation, based on revenue,
with 700 subsidiaries in more than 70 countries (Fortune,
July 22, 2002).
- As of September 30, 2002, the Allianz Group had $1 trillion
in assets under management, $847 billion in consolidated
assets, and $818 billion in liabilities.
For Agent Use Only
Product Availability and Benefits May Vary by State
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