lifebeat it’s all about living ! comprehensive critical illness insurance critical illness +...
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LifeLifeBeatBeat It’s all about living !It’s all about living !
Comprehensive Critical Illness Insurance
Critical Illness + Long Term Care
LifeLifeBeatBeat??
LifeLifeBeat is:Beat is: an Advanced Critical Illness policyan Advanced Critical Illness policy a Comprehensive Critical Illness policya Comprehensive Critical Illness policy
Available in face amounts of $100k - $2mAvailable in face amounts of $100k - $2m
LifeBeat – Primary Components
Critical Illness Coverageto age 70
Long Term CareInsurance to age 100
22 ConditionsCovered
23 ConditionsCovered plus
LTC
LifeBeat – Available Riders
Critical Illness Coverageto age 70
Comprehensivecritical care
Return of premiums at
expiry (age 70)
Return of premiums at
death
T 10 and T 70 level plans
available
LifeBeat – Flexible riders
Return of premiums at
death
100% of modalpremiums
paid
LifeBeat – Flexible riders
Return of premiums at
expiry (age 70)
Cancel and receive 100% of modal premium refund*
LTC coverage begins and
premiums reduced by 25%
OR
* Except CCC Rider
LifeBeat – Available Riders
ComprehensiveCritical Care
Lump Sum• Cognitive impairment
• 2 of 6 ADL’s
Monthly Payments• Serious Illness
• Injury
OR
33. Comprehensive. Comprehensive Critical CareCritical Care
Part #1:Part #1:
Lump Sum:Lump Sum:
Cognitive ImpairmentCognitive Impairment
Loss of 2 of 6 ADLsLoss of 2 of 6 ADLs
LifeLifeBeatBeat::
(L.T.C. Rider)(L.T.C. Rider)
Level & Level & Renewable Renewable
Part #2:Part #2:
Monthly Payments:Monthly Payments:
any serious illness any serious illness ( 30 days )( 30 days )
accidental injury accidental injury ( 90 days )( 90 days )
LifeLifeBeBeatat::
3. Comprehensive3. Comprehensive Critical CareCritical Care
(Supplemental D.I. Top-up) (Supplemental D.I. Top-up)
Level & Level & Renewable Renewable
Part #2
Monthly Benefit Payment:Monthly Benefit Payment:
$7.50 per $1,000. Base $7.50 per $1,000. Base
Plan Plan
Minimum = $750 per Minimum = $750 per
monthmonth
Maximum =$7,500 per Maximum =$7,500 per
monthmonth
LifeLifeBeat Riders:Beat Riders:ComprehensiveComprehensiveCritical CareCritical Care
LifeLifeBeat Riders:Beat Riders:
Part #2 (cont’d)
Monthly Benefit Payment:Monthly Benefit Payment:
Begins:Begins:
30 Days - Most Cases30 Days - Most Cases
90 Days - Muscular or Skeletal Disorders90 Days - Muscular or Skeletal Disorders
Unable to Perform Regular OccupationUnable to Perform Regular Occupation
ComprehensiveComprehensiveCritical CareCritical Care
LifeLifeBeat Riders:Beat Riders:
Part #2 (cont’d)
Monthly Benefit Monthly Benefit
Payment:Payment: 24 Months, Per Incident24 Months, Per Incident
2nd Payer 2nd Payer
70% Pre-Tax Net Earned Income70% Pre-Tax Net Earned Income
ComprehensiveComprehensiveCritical CareCritical Care
LifeLifeBeat Riders:Beat Riders:
Part #2 (cont’d)
Monthly Benefit Payment:Monthly Benefit Payment:
Claims Cannot Exceed Policy’s Face AmountClaims Cannot Exceed Policy’s Face Amount
Face Amount reduced by Monthly Benefits PaidFace Amount reduced by Monthly Benefits Paid
Face Amount reinstated when 3 Years Claims FreeFace Amount reinstated when 3 Years Claims Free
ComprehensiveComprehensiveCritical CareCritical Care
LifeBeat - The most powerful solution in the marketplace
Return of premium Based on modality
• Refund• Reduce• Prepay
LifeBeat - The most powerful solution in the marketplace
Conversion to LTCGuaranteed
Guaranteed rates
Based on original age
LifeBeat - The most powerful solution in the marketplace
Flexible LTC claim options
after age 70:
• 25% of face amount plus
monthly Income
• Monthly Income • Monthly IncomeIndexed at 3%
LifeBeat - The most powerful solution in the marketplace
LTC monthly income
Guaranteed for a minimum of 5 years
• 25% of face amount plus
monthly Income
• Monthly Income • Monthly IncomeIndexed at 3%
Assumptions:1. Level LifeBeat2. ROP at Death & Expiry
Monthly Premium = Monthly Premium = $510$510..
Male 45 Nonsmoker$250,000.
Option #1:Option #1:At Age 70At Age 70
At Age 70At Age 70
$153,000. Refund$153,000. Refund
Plan TerminatesPlan Terminates
Level PlanLevel Plan to Age 70to Age 70
$359.$359.
ROP Death$29.$29.
ROP Expiry
$122.$122.
Assumptions:1. Level LifeBeat2. ROP at Death & Expiry
Level Plan to Age 70
$359.
ROP Expiry
$122.
Monthly Premium =$510.
LTC / C.I.
$271.
Male 45 NonsmokerMale 45 Nonsmoker$250,000.$250,000.
Option #2:Option #2:At Age 70At Age 70
$38,250. Refund$38,250. Refund
Coverage ContinuesCoverage Continues
Premium Reduced 25%Premium Reduced 25%
Pre-Pay Using RefundPre-Pay Using Refund
$ 271.
Level PlanLevel Plan to Age 70to Age 70
$359.$359.
ROP Death$29.$29.
ROP Expiry
$122.$122.
$271.$271.
LifeLifeBeat’s Beat’s LTC Pre-pay Option at LTC Pre-pay Option at Age 70Age 70
Monthly Premium at Age 70Monthly Premium at Age 70
$33,247.$33,247.
$38,250.$38,250.
Single Premium Amount RequiredSingle Premium Amount Required
ROP Refund at ROP Refund at Age 70Age 70
(Death & Expiry)(Death & Expiry)
Refund /Refund / (Additional Sum)(Additional Sum) RequiredRequired
Plan Purchased at Age 45by a Male Nonsmoker$250,000. Level +ROPD&E
$ 5,003.
LifeLifeBeat - Post Age Beat - Post Age 7070
Benefits are paid for Benefits are paid for eithereither
Long Term Care condition, Long Term Care condition, oror a Critical Illnessa Critical Illness
LifeLifeBeatBeat: : Summary Summary of Ridersof Riders
Critical IllnessCritical IllnessInsuranceInsuranceTo Age 70To Age 70
1. R.O.P. at Death1. R.O.P. at Death
2. R.O.P. at Expiry (Age 70)2. R.O.P. at Expiry (Age 70)
Full RefundPolicy
Terminated
25% Refund25% DiscountConvert LTC
3. C.C.Care3. C.C.Care
LTC(Lump Sum)
SupplementalIllness & Injury
(Monthly) Level Option only
LifeBeat: Competitive compensation
• T100
• 50% FYC
• Plus bonus
• LifeBeat
• 55% FYC
• Plus bonus
LifeLifeBeatBeat
““The The New BenchmarkNew Benchmark For All For AllCritical Illness & Long Term Care Plans”Critical Illness & Long Term Care Plans”
“ “ It’s all about living!”It’s all about living!”
From - 18/04/23
AXA supports advisors who practice needs based selling
AXA’s commitment to advisors
Enhanced compensation on T10, T20 and T70 products: Now 50% FYC + Bonus
Life insurance rates that are competitive in today’s market
Competitive product designs and featuresRemember…
Extreme Disability Benefit: A powerful and unique feature included in most of AXA’s life insurance contracts
AXA’s commitment to advisors
LifeBeat: Innovative critical Illness protection combined with LTC coverage
All-in-one easy to understand product
22 illnesses and coverages
Enhanced compensation on LifeBeat:
T10 45% FYC, T70 55% FYC + Bonus