Product Updates!

Kansas City Life introduced several product updates on 8/1/2015.  Read below to learn about them!

EquiFlex IUL in Indiana and Pennsylvania is here!

The EquiFlex - IUL (IN, PA) product highlights are:

• A minimum issue limit of $50,000 for Issue Ages 50+ and $100,000 for Issue Ages 20-49
• A guaranteed payment period of 20 years for Issue Ages 20-55, to age 75 for Issue Ages 56-65 and 10 Years for Issue Ages 66-80
• A 10-year surrender charge period
• Two Indexed Accounts available (using the S&P 500 Index)
• Annual point-to-point with 10.00% cap
• Annual point-to-point with 60.00% participation rate
• A guaranteed growth floor of 1.00% for the Indexed Account and an Indexed Account guaranteed interest rate of 1.00%
• Guaranteed interest rate on the Fixed Account of 2.00%
• Both Fixed Account and Indexed Account loan provisions (including a preferred Fixed Account loan provision beginning in year 11)
• Dollar cost averaging into the Indexed Account available
• Coverage options A, B and C
• A wide range of riders to customize your client's coverage (including the Additional Term Coverage, Enhanced Living Benefits, Income Assured Option and the Overloan Protection Rider)

Life Protector Revisions

Beginning August 1, 2015, the revised Life Protector will be issued in approved states.  The Life Protector product changes include:

• The addition of the Standard Select Nontobacco risk class
• Modified policy changes and bonus
• A lower guaranteed interest rate of 2.00%
• Premium changes

On the illustration system you will now see two Life Protectors in the product drop down list.  Life Protector is the revised version and Life Protector OLD is the previous version.  To see if your state is using the revised or previous version of the Life Protector check the State Approvals map.  State Compliance Updates will be sent as the revised Life Protector is approved in the remaining states.

Enhanced Living Benefits (ELB) Rider

The Enhanced Living Benefits (ELB) rider is now available on the revised Life Protector Universal Life product.  Also, the issue age range for the ELB is expanding.  The max issue age will now be 80 rather than 70.

The ELB can help provide protection from unexpected long-term care expenses caused by illness or injury by prepaying a portion of the death benefit when a qualifying condition triggers benefit payments.  The new business products available for the ELB are:

• EquiFlex IUL
• FlexWealth Advantage UL
• SuperNOVA UL
• Life Protector UL (revised version)
• Accumulator VUL

If you are using the desktop system be sure to check for updates to get Version 4.6 so that you get all of the 8/1 product updates!

Please let us know if you have any questions concerning any of the updates for the EquiFlex - IUL (IN, PA), Life Protector or ELB.

Have a Great Day,

Illustration Development Team
illustrationhelp@kclife.com
1-800-572-2467 x8162

Cashback Plus Life Protector

Do you know any clients that need more insurance now than they do in the future?  If so, the Cashback Plus Life Protector wizard is for you!

The Cashback Plus Life Protector wizard provides a vehicle to illustrate the common occurrence of having higher current insurance needs but lower future insurance needs.  By purchasing both a Cashback Life and Life Protector, the client is able to take advantage of the unique features of both products: the return of premium feature of the Cashback Life and the guaranteed longevity of the Life Protector.

To take of advantage of this wizard log in to www.iKCLife.com.  Don't forget you can now sign in using your kclic credentials! 

Once logged in, click on 'Cashback + Life Protector' on the Wizards tab.

Next, enter all of the inputs on the Cashback Plus Life Protector wizard interface.

After clicking 'Run Wizard' an illustration will be generated.  The output includes a full Cashback Life and Life Protector illustration along with the Cashback Plus Life Protector sales concept pages.  Below is a sample of one of the output pages based on the above inputs.

In this example, the cash value after 20 years for the Cashback Life 20 is $14,150.00.  By investing $7,781.00 from the Cashback Life 20 into the Life Protector at the end of the 20 year period, the client is able to cease premium payments into the Life Protector and continue to have guaranteed coverage through age 120.  The client's take-home amount at the end of the 20 year period would be $6,369.00.  The client's current coverage need of $350,000 will be met using the combination of the two products and the future coverage need of $100,000 will be met using the Life Protector.       

If you have any questions about the Cashback Plus Life Protector concept or need any help setting up the wizard don't hesitate to contact us!

Have a Great Day,

Illustration Development Team
1-800-572-2467 x8162
illustrationhelp@kclife.com

EquiFlex IUL in Massachusetts

The EquiFlex Indexed Universal Life and the Additional Term Coverage Rider (ATC) are now available for sale in Massachusetts.  You can obtain a quote for the EquiFlex in MA using the Income Search wizard, online illustration system, or desktop system.  Please let us know if you need any help setting up an EquiFlex illustration!    

To see the latest list of state approvals, click on the following link: State Approvals.

Have a Great Day,

Illustration Development Team

1-800-572-2467 x8162

illustrationhelp@kclife.com

Information of Interest

The KCL Deferred Annuity new money product crediting rates have been updated to the following:

• GrowthTrack: 1.75%
• SecurityTrack: 1.25%
• SelecTrack 5: 1.25%
• SelecTrack 7: 1.50%
• SelecTrack 10: 1.75%
• Century II VA Fixed: 1.50%
• Affinity VA - Fixed: 1.50%
• Freedom VA - Fixed: 1.50%

To get the latest interest rates make sure your illustration system is updated to version 4.53f.  Please let us know if you have any trouble getting your illustration system updated or have any questions regarding the updates.

Have a Great Day, 

Illustration Development Team

illustrationhelp@kclife.com

1-800-572-2467 x8162

Illustrated Rates Supplemental

Have you ever wondered what illustrated rate you should use on your EquiFlex Indexed Universal Life (IUL) proposal?  If so, the Illustrated Interest Rate Consumer Sheet (form 11711) is a great supplemental you can read to learn about the historical probability of the Standard & Poor's 500 (S&P 500) Index.  This supplemental is also an excellent tool to show to clients to give them an acceptable level of confidence that the illustrated assumptions will be met.

To add the Illustrated Interest Rate Consumer Sheet to your EquiFlex illustration check the 'Illustrated Rates' box in the 'Supplementals' section.  This supplemental is available to be added to your illustration using the desktop system, online new business system, and the Income Search wizard on iKCLife.

If you're wanting a stand alone copy of the form you can find one in the Product Portfolio and Online Sales Materials Catalog sections on iKCLife.

Please contact us if you have any questions!

Have a Great Day,

Illustration Development Team

1-800-572-2467 x8162

illustrationhelp@kclife.com

Variable Annuities in Forms and Applications Wizard

Did you know Kansas City Life's Variable Annuities have been added to the Forms and Applications Wizard?  The wizard is now a one stop shop for all of your application needs!

To use the Forms and Applications Wizard, log in to the online illustration system at www.ikclife.com. 

Once logged in, click on the Forms and Applications Wizard link on the New Business Illustrations tab.

This will take you to the Forms and Applications Wizard where you can find all of the forms and applications for a case.

Illustration Development Team

1-800-572-2467 x8162

illustrationhelp@kclife.com

Learn how to personalize your illustrations!

A great way to personalize your illustrations is by adding your agent and agency information and setting up defaults on your iKCLife profile.  To begin, log in to www.ikclife.com.  Don't forget you can now log in using your kclic credentials!

To add your agent and agency information to your iKCLife profile simply click on 'Personal Information'.

To add, remove, or edit any of the information listed click on 'Edit' in the upper right hand corner.

Once all of your information is entered click 'Update' in the lower left hand corner to save it.

The next time you run an illustration you'll see that the information you entered is automatically added to the illustration in the agent section.

You can also set up defaults for all of your illustrations by clicking on 'Preferences'.

Changing the defaults to fit how you sell is another great way to personalize your iKCLife profile.  For instance setting the state to the state you sell the most in can make it easy for you to set up illustrations for all your future cases.

Have a Great Day,

Illustration Development Team
1-800-572-2467 x8162
illustrationhelp@kclife.com