Millennials have become adults in a very interesting time: in our years, one could argue we have seen more than our fair share of economic upticks and downturns. Having been fortunate enough to grow up in a time where information is readily available (thanks, Internet), I’m sure that most of us are already familiar with this roller coaster of economic stability.
I began my career at Sentinel in 2011; a month after the Personal Choice Annuity was launched. Annuity New Business is a tight-knit and dedicated team who eats, sleeps, and breathes our fixed rate annuity. Therefore, when I tell someone what I do for a living with great passion and excitement, and their eyes glaze over in preparation for boredom, I don’t understand. And when I tell our team about it they react as if the person said we had an ugly baby. There is nothing boring about financial planning and security. There is nothing dull about growing your savings tax-deferred or rolling funds over from an investment that no longer serves your needs into one that can. Well…Unless you find achieving your financial goals boring. I guess that would depend on how much you enjoy playing golf. See? Annuities aren’t boring at all.
The Personal Choice annuity is best for individuals who have funds that aren’t currently needed for living expenses, that they would like to invest tax-deferred for a guarantee period of 5, 7, or 10 years. It’s called a “guarantee period” for a reason, your principal is safe and the interest rate is guaranteed during that period.
In my role as a new business processor I spend much of my day reviewing applications and most of them say the client’s reason for purchasing the annuity is safety and the opportunity to grow their wealth tax-deferred. We all have to pay the taxman. But our clients enjoy putting it off for several years while they accumulate interest.
Annuities are purchased by many different people for many different reasons. Some of our clients are young and still in the meat of their working years and are interested in moving an IRA or 401k for a better interest rate. But on the other hand applications cross my desk daily completed by seniors whose agents have advised them to invest in a fixed annuity instead of variable accounts, providing them the opportunity to grow their savings whether their goal is a long and secure retirement or the inheritance of their loved ones.
I hope you can see why the Annuity New Business team is so excited about what we do. We don’t just push paper and enter numbers into computers. We get to do our small part to help people we’ll never meet achieve their financial goals.
For additional information on the Personal Choice Annuity, please visit us at www.sslco.com or call 800.247.1423.
Blog written by: Deanna Martin, Annuity New Business Processor for Sentinel Security Life Insurance Co.
The beginning of a new year is the perfect time to reflect upon the year that just passed and to plan for the year ahead. For most people, these plans are related to finances, health and family. These may seem like three different matters, but for many people all three are interwoven and each one plays a role in the total outcome. Sentinel Security Life offers products that address all three aspects of your family’s well-being. You need to ask yourself, will your family be able to afford all the expenses if you were suddenly not around to provide for them? This is a daunting but necessary question to ask when planning for your family’s future.
Sentinel Security Life offers several products including Life Insurance, Medicare Supplemental Insurance, Hospital Advantage and Annuities. Our focus is to provide you with the options that can address your family’s finances, health and overall security. Our products can provide you with the peace-of-mind that you are seeking.
After reviewing our products, it is important that you find a qualified and licensed professional that can assist you in selecting a policy that will meet your family’s needs. Sentinel Security Life has many licensed agents in your area, and are able to answer any questions you might have. For additional information on any of our products, please visit us at www.sslco.com or call 800.247.1423.
Blog written by: Thy Mims, Marketing Communications Manager for Sentinel Security Life Insurance Co.
Although I have spent the last 15 years in the insurance industry, I am relatively new to the rapidly growing category often referred to as the “Senior Market.” As part of my career development in this marketplace, I am fortunate to work for a company that has dedicated itself to providing solutions to this specific category of insurance consumers.
Sentinel has long been known for providing our New Vantage™ Life insurance as a way to help seniors pay for final expenses. A few years ago we added the Sentinel Plan® Medicare Supplement that helps pay some of the health care costs that original Medicare doesn’t cover including co-payments, co-insurance and deductibles. Last year, we released our Personal Choice Annuity™, which is a unique solution that allows consumers flexibility when planning for their retirement.
Over the past few months I have been fortunate to be involved in the development of a new product called the Sentinel Plan® Hospital Advantage Plus™, which has an anticipated release date of October 1, 2012. This product pays a cash benefit to our policyholders for expenses resulting from hospital stays, emergency room visits, surgeries and physician office visits. Typically, these are expenses that are not covered under existing insurance policies (such as Medicare Supplement and Medicare Advantage).
For example, let’s consider the financial impact of a hospital confinement. If you have original Medicare you would be responsible for a $1,156 Part A deductible before receiving any benefit. If you have a Medicare Advantage plan, you would be responsible for a $250 per day (for days 1-5) coinsurance. However, if you have the Sentinel Plan® Hospital Advantage Plus™ you would receive a cash benefit of $250 per day (for up to 5 days). If your hospital stay lasted 5 days, you would receive $1,250 in your pocket.
Some of the other benefits provided by the plan include payments for expenses related to Ambulance Services, Emergency Room Care, Outpatient Surgical Services, and Primary Care Physician Office Visits. There are even benefits for Wellness Visits and Preventative Care Services. This new product is another example of the ongoing commitment we have at Sentinel to help our senior policyholders manage the various costs associated with today’s economic environment.
I am happy to be part of a company that is growing and developing with an eye focused on the needs of our current and future policyholders. For additional information on the Sentinel Plan® Hospital Advantage Plus™, or any of our existing insurance products, please visit us at www.sslco.com or call 800.247.1423.
Blog written by: Dan Hudgens, National Sales Manager for Sentinel Security Life Insurance Co.
As President of Sentinel Security Life Insurance Company, I’m often asked, why I stand behind this company? Why Sentinel?
We have our business answers of course. We have been serving the needs of the senior community for over 60 years by offering affordable final expense whole life policies to ease the stress of losing a loved one. We’ve expanded our product line to include Medicare Supplement and Select Options and just last year, we released our fixed annuity product that offers our customers some of the highest crediting ratings around. Those are all great reasons to choose Sentinel but I like to focus on one of our greatest company assets: our people.
Visit our corporate office in Salt Lake City, Utah and on every floor, at least three to four of our home office employees have been with our company for 20+ years—some of them for over 30 years. Why do our people stay so long? Because they love what they do—they work hard to provide the absolute best customer service in the industry and they help our senior clients find the peace-of-mind and security that they are looking for. Our people are what make Sentinel stand out from the crowd.
If you aren’t familiar with Sentinel Security Life Insurance, I encourage you to check out our website at http://www.sslco.com where you will find a common list of Frequently Asked Questions about our products and services. Even better, give us a call at the corporate office (855-478-4037). Our wonderful people will be here to answer.
Blog written by: Earl Tate, President of Sentinel Security Life Insurance Co.