Americo: Product Updates
Two Exciting Announcements from Americo - They are excited to announce that they are adding a new Continuation product option to their Term Portfolio, and their Term Portfolio will be available on the Agent Tools eApplication platform.
Instant Decision Term Portfolio Available on Agent Tools
Writing Americo’s instant decision term products will now be even easier! You can write CBO 100, CBO 50, Term 125, Term 100, Payment Protector, Continuation 10, Continuation 25, Payment Protector Continuation, and ADB on our Agent Tools eApplication platform beginning February 17, 2023.
With the transition to Agent Tools, virtual sales have become even easier! Americo's Text Signature Option, available only with Agent Tools eApplications, makes it even faster for you and your clients to complete remote applications faster and more efficiently. Your clients will receive a text message with a 6-digit code to authorize prescription drug checks and sign the completed application.
The new eApplication will be available beginning Friday, February 17, 2023. You can access Agent Tools Term application and illustrations using Tools.Americoagent.com. Links to Agent Tools are also available on the Agent Portal and AgentCafe.com. On Thursday, February 16th, Americo will perform a system upgrade to Agent Tools to add the Instant Decision Term products.
If you currently use Agent Tools for your final expense sales, you will use the same login credentials. If you haven’t used Agent Tools, you’ll use the same credentials to access the Agent Portal. If you have not registered for the Agent Portal, you must register to Access Agent Tools eApplications and illustrations. Use this link to register. Please note that access to our Instant Decision Term products on Sales Connection will be phased out 30 days after becoming available on Agent Tools. However, if you write Elite 5 Annuity products, you will still access the illustrations in Sales Connection.
Try the term eApplication on Americo's demo site beginning February 17th:
Start writing on Friday, February 17th: Tools.Americoagent.com.
New Continuation 25 Product
Americo’s Continuation 10 product offers your clients a permanent policy but for the cost of a Term product. Continuation 10 works just like a term product, with the addition of life insurance continuing at 10% of the initial face amount after the initial Level Death Benefit ends.
Beginning February 17, 2023, you will now have the choice of two Continuation products to offer your clients: our current Continuation 10 product and now Continuation 25, where the death benefit reduces to 25% of the original death benefit after the initial death benefit period ends.
Continuation 10 Product Changes Effective February 17, 2023
Along with the addition of Continuation 25, Americo will be making a premium increase to Continuation 10. There will be NO commission changes to Continuation 10. Updated commission schedules will be available on the Agent Portal beginning February 17th.
Continuation 25 will be available on the Agent Tools eApplication platform beginning February 17, 2023.
With the introduction of this new product, Americo will also be transitioning their term portfolio from Home Mortgage Series to a new name. You will now see Americo Instant Decision Term Series on applications and marketing materials. New application packets and marketing materials will be available on the Agent Portal and AmericoTermSeries.com beginning February 17th.
If you have any questions, call us today at 866-568-9649!