SmartProtect

Question 1

Premiums will change annually based upon engagement and Vitality status earned each year.

True or False.

Answer 1

True.

Question 2

What are the risk classes for SmartProtect?

Answer 2

Super Elite Non-Tobacco

Tobacco

Select

Elite Non-Tobacco

Question 3

In what policy time frame is a face decrease of 60% allowed?

Answer 3

Years 7-10

Question 4

In what policy time frame is a face decrease of 25% allowed?

Answer 4

Years 4-6

Question 5

The client must be a resident of the US.

True or False.

Answer 5

True.

Question 6

SmartProtect has level premiums from year to year.

True or False.

Answer 6

False.

Question 7

There are no telephone interviews or paramedical visits with the application process.

True or False.

Answer 7

True.

Question 8

Clients with other simplifed underwriting policies can have a combined face amount up to $2,000,000.

True or False.

Answer 8

False.

Question 9

Replacements are permitted with the standard SmartProtect processing times.

True or False.

Answer 9

False.

Question 10

SmartProtect has the same issue ages as Term 17 based on term period.

True or False.

Answer 10

False.

Question 11

Who’s a good fit for this product?

Answer 11

Someone seeking a quick, easy and affordable solution.

Willing to actively engage in the Vitality program.

Inspired to save on premiums by living a healthy life.

US residents between the ages of 20 and 60.

Question 12

After the term period ends, the policy becomes renewable on an annual basis with premiums increasing until attained renewal age of _____?

Answer 12

94

Question 13

Applicants can actively participate in SCUBA diving and receive a Super Elite Non-Tobacco rating.

True or False.

Answer 13

False.

Question 14

Clients can save money simply by living a healthy life.

True or False.

Answer 14

True.

Question 15

Due to replacement reviews being required, longer processing times are necessary for replacements.

True or False.

Answer 15

True.

Question 16

A streamlined underwriting process should help financial professionals place more business.

True or False.

Answer 16

True.

Question 17

UCheck is available to assist with field underwriting for SmartProtect.

True or False.

Answer 17

False.

Question 18

Backdating is allowed to qualify an applicant for the maximum age.

True or False.

Answer 18

False.

Question 19

Face amount increases are not allowed with SmartProtect.

True or False.

Answer 19

True.

Question 20

Trust, business or other entity arrangements can qualify for SmartProtect.

True or False.

Answer 20

False.

Question 21

Face amount increases are allowed with SmartProtect up to $1,000,000.

True or False.

Answer 21

False.

Question 22

Entertainers and professional athletes can not be considered for SmartProtect.

True or False.

Answer 22

True.

Question 23

US residents, ages ______ in good health and willing to engage in Vitality, standard or better health on a fully underwritten basis are good candidates.

Answer 23

20-60

Question 24

The total line of coverage from all simplified underwriting products can not exceed $1,000,000.

True or False.

Answer 24

True.

Question 25

Face amount decreases are not allowed with SmartProtect. True or False.

Answer 25

**False.**

Question 26

The Accelerated Benefit provides a “living benefit” if the insured is certified to be terminally ill with a life expectancy of _____ or less.

Answer 26

12 months

Question 27

With the Accelerated Benefit how much can the insured receive?

Answer 27

50% of the death benefit; max $1,000,000

Question 28

The issue age for SmartProtect is 25-60. True or False.

Answer 28

**False.**

Question 29

Which rider is available with SmartProtect?

Answer 29

Accelerated Benefit

Question 30

The streamlined underwriting process is based on IGO. True or False.

Answer 30

**True.**

Question 31

Which risk class contains all of the following: No tobacco or nicotine products within the past 2 years including celebratory cigars, some medical impairments excluded from the Elite classes may be included, no history of alcohol or drug abuse and no participation in aviation.

Answer 31

Select

Question 32

How many days from a submitted application IGO should applicants receive an underwriting decision?

Answer 32

Two

Question 33

Underwriting decisions are delivered in 2 days if the application is IGO. True or False.

Answer 33

**True.**

Question 34

On what website(s) is the Pre-Qualification Information Flyer available?

Answer 34

JHRedefiningLife.com JHSalesHub.com

Question 35

What can financial professionals use to help them predict the risk class for SmartProtect applicants?

Answer 35

Pre-Qualification Informational Flyer

Question 36

In what term periods is SmartProtect available?

Answer 36

10, 15 and 20

Question 37

What are the issue ages for SmartProtect?

Answer 37

20-60

Question 38

What is the minimum and maximum face amounts for SmartProtect?

Answer 38

$100,000 - $1,000,000

Question 39

The owner of the policy must either be the insured, or an individual with an appropriate insurable interest. True or False.

Answer 39

**True.**

Question 40

Face amount decreases are the same as Term 17. True or False.

Answer 40

**True.**

Question 41

It can take up to 3-5 days to get an underwriting decision. True or False.

Answer 41

**False.**

Question 42

A SmartProtect applicant's APS report will not be ordered. True or False.

Answer 42

**False.**

Question 43

To help with field underwriting financial professionals should consult the Pre-Qualification Information Flyer. True or False.

Answer 43

**True.**