FINALLY, LIFE INSURANCE FOR PEOPLE WITH DIABETES
There are over 25,800,000 people in the United States with diabetes and this number is growing by 1,900,000 new cases each year.* Most people with diabetes feel they cannot find affordable life insurance protection for their families, and up until now, they were right. Many don’t even bother to try and over 21 million people with diabetes are candidates for the featured Company’s unique life insurance program. Finally, life insurance for people with diabetes.
*Source: National Diabetes Fact Sheet (2011)
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What exactly is diabetes?: Diabetes is a medical condition where the body doesn’t produce enough insulin, resulting in elevated blood sugars. This can be a very serious condition that can lead to the amputation of a foot or leg (80,000+ lose a foot or leg as a result of diabetes each year). Because diabetes can kill and mame, people with diabetes know the fear of waiting for an answer as to whether or not they qualified for life insurance. The good news is, a new program is available which can provide affordable coverage to the great majority of those who apply. They will know almost immediately if they qualify or not. This provides the featured company with a huge untapped opportunity for selling life insurance without competition since they have the exclusive rights to mass market this policy.
Today, we introduce you to a company that specializes in helping people with diabetes obtain the necessary life insurance protection they sought and needed but could not find. This policy is the finest SIMPLIFIED ISSUE policy in America that provides an IMMEDIATE DEATH BENEFIT at PREFERRED RATES. Similar plans that are being advertised on television have a two or three year waiting period until full coverage begins.
MARKET POTENTIAL:
In addition to the 25,800,000 people who have diabetes, there exists approximately 57 million people who are pre-diabetic. They are prime candidates to develop diabetes. This group would represent an expanded marketing opportunity for the Company.
The Simple Issue program that this company is offering can also insure many persons with cancer. There are 25 million people in the U.S. with cancer histories and a good percentage would qualify for coverage. We will review this opportunity following the diabetes campaign.
The Company is going to market the product to the entire group of over 25,800,000 people with diabetes. Overall, approximately 10% of the millions of life insurance applications submitted throughout the United States each year fall within a category known as “Special Risk”. These are the clients who have health conditions that would require them to pay a higher than normal premium. They must submit to an exam, have blood and urine testing and authorize release of their medical records. Many will routinely be forced to pay a high premium or they may be outright declined for coverage. Now, no longer will the majority of this “special risk” group be denied affordable coverage because there is a carrier with an “EXCELLENT” rating with A.M. Best that will address their needs.
ADVANTAGES OF HAVING THIS PRODUCT:
1- VIRTUALLY NO COMPETITION. Even though the simplified issue whole life plan is currently available to life insurance agents for individual sales, nobody other than this Company is permitted to mass market this policy specifically to persons with diabetes.
2- Agents are not pursuing this market: Since time is money, life insurance agents cannot afford the time and effort required to handle smaller cases that need extra special handling due to the client’s medical history. The agent spends precious time and money doing all of the work associated with arranging exams, blood tests, ordering medical records etc., only to see their client get declined for coverage. Not anymore!
3- Target marketing to millions of people with diabetes. To the best of our knowledge, this company with be the first in America to target market life insurance to people with diabetes on a mass basis.
4- Amounts of coverage are designed for easy purchase. Covering the final needs of the insured and leaving a little something extra for their beneficiary will require an average policy of about $25,000. The cost for a $25,000 policy would be a very affordable $79 per month for a 50 yr. old female, nonsmoker. Overall, we estimate that our average premium will be between $70 -$90 per month.
5- The primary carrier is rated “EXCELLENT” with A.M. Best and the parent company of our primary carrier has over twenty five billion dollars in assets. Most people with insulin dependent diabetes will qualify. In most instances, a person with insulin dependent diabetes will be accepted for coverage.
MANAGEMENT READS LIKE A WHO’S WHO:
CEO – Has been a specialist in the high risk life insurance niche market for over 30 years. He maintains extensive contacts throughout the insurance industry and his career he has helped tens of thousands of people with ongoing medical conditions, such as diabetes, cancer and heart disease to obtain affordable life insurance.
VP - Experience entails over 25+ years building Companies. Extensive experience working with startups and growing them until they were self-sufficient. In addition, served as Vice-president for large global Investment Banking and M & A Company.
SENIOR VP – Has had Type I diabetes for 50 years and has spent the last 25 years working actively in the “for profit” sector, launching and running his own company. He has appeared on over 300 talk radio shows, television programs and made personal appearances nationwide at diabetes shows as well as having published a variety of articles in diabetes magazines.
The Opportunity:
The Company is looking to raise $2,500,000 to ramp up sales, staff and marketing. If you need additional information or have questions, please email or call me at the number below.
