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Working with Businesses offering Foresters LIST BILL services

Working with Businesses offering Foresters LIST BILL services Jared Gostanczik Angela Wethor National Training Manager Director of Advanced Marketing Foresters US Foresters US. 409382 US (05/13) For Producer Use Only. Disclaimers.

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Working with Businesses offering Foresters LIST BILL services

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  1. Working with Businesses offering Foresters LIST BILL services Jared Gostanczik Angela Wethor National Training Manager Director of Advanced MarketingForesters US Foresters US 409382 US (05/13) For Producer Use Only

  2. Disclaimers • This webinar is not written to be used and it cannot be used for the purpose of avoiding penalties that may be imposed on a taxpayer. Neither ForestersTM nor its Representatives engage in rendering legal, business, estate tax, accounting or tax advice. The information in this seminar is intended as a general overview. Please advise your clients to consult their individual tax or legal advisors regarding their specific situation. This report is not intended to provide advice regarding the sale or purchase of specific investments, financial or insurance products. Circular 230 • All information is intended to be general in nature. All Foresters fraternal requirements need to be considered including the requirement that proceeds must benefit the Foresters member or his or her dependants. • The information contained in this presentation is for information purposes only. There are other tools available to support your learning needs. You must ensure that you correctly represent, to a customer or prospect, the product features based on the actual wording of the applicable certificate and riders for your state. • ForestersTM is the trade name and a trademark of The Independent Order of Foresters. 409382 US (05/13) For Producer Use Only

  3. Contents • LIST BILL: the advantages • Foresters support platform for working with clients using list bill services • Foresters offering: Advanced Commissions program 409382 US (05/13) For Producer Use Only

  4. LIST BILL • The Advantages • The high cost of insurance is forcing some employers to drop life insurance coverage or look for alternatives to providing group life coverage • List Bill provides an opportunity for employees to purchase life insurance, without businesses funding the cost • Additionally, payroll deduction through an employer provides a convenient and easy way for employees to obtain individual coverage • Potentially, leading to consistent long-term business 409382 US (05/13) For Producer Use Only

  5. List Bill • Foresters Support Platform •  Foresters would like to support you as you work with businesses who want to offer an efficient convenient way for their employees to pay for their personal life insurance • For employees who wish to supplement or replace their life insurance with a Foresters Life Insurance Certificate and pay life insurance premiums right out of their paycheck, Foresters has entered into an agreement with Capital Administrative Services (CAS) • CAS will collect Foresters premiums via payroll deductions and remit payments to be applied to individual Employee’s life insurance contracts 409382 US (05/13) For Producer Use Only

  6. List Bill • Foresters Support Platform– how to submit business • Getting Started:  Go to www.foresterslistbill.com • Read all training materials including: • Listen and review Webinar (power point) recording • Review required Forms to set up a LIST BILL case • Review Foresters Application for Individual Life Insurance (Federal Employee or List Bill Only) 409382 US (05/13) For Producer Use Only

  7. List Bill • Foresters Support Platform •  To submit list bill business with Foresters, you will review 3 forms needed to set up Foresters List Bill cases: (found at www.foresterslistbill.com) • 1. Foresters List Bill Services Pre-Approval Form; • 2. Foresters List Bill Services Payroll Authorization Form; • 3. Foresters List Bill Services Disclosure Form 409382 US (05/13) For Producer Use Only

  8. LIST BILL • Foresters Support Platform – • List Bill Pre-Approval Form • Form number 503485 US (02/13) 409382 US (05/13) For Producer Use Only

  9. List Bill • Foresters Support Platform – Foresters List Bill Payroll Authorization Form Form number 503483 US (02/13) 409382 US (05/13) For Producer Use Only

  10. List Bill • Foresters Support Platform – • Foresters List Bill Disclosure • Form number 503484 US (02/13) 409382 US (05/13) For Producer Use Only

  11. List Bill • Foresters Support Platform – for List Bill Cases •  STEP 1: Print off and complete the LIST BILL PRE-APPROVAL Form (note: to be considered for Foresters List Bill Services, a prospective business must have at least 3 issued, active Foresters Life Insurance Certificates) • STEP 2: Email completed Foresters List Bill Pre-Approval Form to Foresters; • STEP 3: Once approved, you will receive a confirmation of approval decision via email within 3 business days 409382 US (05/13) For Producer Use Only

  12. List Bill • Foresters Support Platform – for List Bill Cases •  Step 4 IMPORTANT: Once Foresters approves your case, please contact CAS at 1-800-780-3100. A CAS representative will work with you to prepare you for the Employer meeting • You and CAS will work with the Prospective Business to determine pay periods and payroll deduction schedules 409382 US (05/13) For Producer Use Only

  13. List Bill • Foresters Support Platform – for List Bill Cases • STEP 5: Meet with individual Employees to discuss their life insurance needs • STEP 6: Complete Foresters Application for Individual Life Insurance (Federal Employee or List Bill Only) and required forms. PLEASE NOTE: this is a different application than Foresters General Application for Individual Life Insurance • Foresters Application for Individual Life Insurance (Federal Employee or List Bill Only) is found at: https://portal.foresters.biz/ 409382 US (05/13) For Producer Use Only

  14. FEGLI 409382 US (05/13) For Producer Use Only

  15. List Bill • Foresters Support Platform – for PROSPECTIVE BUSINESSES • STEP 6: Complete the Foresters Application form • CAS and you will determine the Foresters Contract ISSUE MONTH. The ISSUE MONTH will be the 15th of a future month depending on the Employees pay schedule. • CAS will collect at a minimum one month’s premium before remitting payment to Foresters, hence all Proposed Issue Dates must be at least a month (probably more) from the date of the application. 409382 US (05/13) For Producer Use Only

  16. List Bill • Foresters Support Platform – for PROSPECTIVE BUSINESSES • STEP 7: send to Foresters: • Foresters Application for Individual Life insurance (Federal Employee or List Bill Only) (and any other required forms); • Foresters List Bill Payroll Authorization Form (include the future contract ISSUE MONTH); NOTE: Each Employee’s application must have its own Foresters List Bill Payroll Authorization Form 409382 US (05/13) For Producer Use Only

  17. List Bill • Foresters Support Platform – for PROSPECTIVE BUSINESSES • CURRENT STATES LIST BILL is offered: • Florida • Mississippi • Louisiana • California • South Carolina 409382 US (05/13) For Producer Use Only

  18. List Bill • Foresters Offering: • List Bill Cases – Advanced Commissions • As part of our support, Foresters has developed an advanced commission process for Producers submitting List Bill Cases.   • For approved List Bill Cases, 40% of a Producer’s First Year Commission will be advanced upon approval of the individual applications. The balance of the advance paid upon receipt and processing by Foresters of the first premium (which may take four weeks). • NMO principals must request Producers to be considered for the Advanced Commission process. Requests can be made by emailing ForestersListBill.com or by the Request Form posted on the Foresters List Bill website. 409392 US (05/13) For Producer Use Only

  19. List Bill • Foresters Support Platform •  Educational Materials • Webinars (live and recorded) • Advanced Marketing department support • Materials can be found at: http://www.foresterslistbill.com 409382 US (05/13) For Producer Use Only

  20. Angela Wethor Director of Advanced Marketing Foresters US952 814 5966 409382 US (05/13) For Producer Use Only

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