Voluntary Payroll Deduction AGENT’S PERSPECTIVE FOR VOLUNTARY PAYROLL DEDUCTION Professional Insurance Services in the Workplace

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Form CLI-20075 (7/19) Agent Information Only cinfin.com UNDERSTANDING THE PROGRAM AND PRODUCT OPTIONS

Life insurance in the workplace Key facts about the uninsured population According to LIMRA’s 2017 Employment-Based Life Many U.S. households continue to be underinsured Insurance Ownership Trends, the number of households according to LIMRA’s 2017 Insurance Barometer: covered by employment-based life insurance has increased by • 70% of households say they need life insurance 68%. Employees prefer the convenience of payroll deduction • 39% wish their spouses or partners had more life insurance and trust that their employers have evaluated the strength of • 43% of households without life insurance would have the carriers and the quality of the products available. immediate trouble paying their living expenses if they lost their primary wage earner; even among those with insurance, more than half would feel the impact of the loss within six months Offering voluntary products in the workplace is a cost- effective way to help employees secure the protection they need for themselves and their family members.

Offer professional insurance services to employees in the workplace

Total account development Further develop your relationship with existing clients by offering their employees payroll deduction life insurance. The Cincinnati Life Insurance Company’s Voluntary Payroll Cross-serving has proven to be among the most profitable Deduction Program provides you the opportunity to offer and efficient means of generating additional revenue and professional insurance services to employees in the workplace. increasing customer retention over the long term. • Voluntary participation: Employees decide whether to Dedicated support and service participate or not. They can choose to purchase coverage Your success in this market is important to us! We can help on themselves, their spouses, children and grandchildren. you with: • Convenient premium payments: Premiums are paid • Headquarters and field seminars through payroll deduction • Employer presentations • Portable policies: An employee who leaves or retires may • Employee presentations continue coverage with no change in premium or benefits • Enrollment support • Agency training sessions

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Form CLI-20075 (7/19) Eligibility guidelines Guaranteed Issue – Requires no answers to medical questions • Employee and spouse must be actively at work and working • Groups with 15 or more eligible employees qualify at least 20 hours per week • One-on-one meetings with all eligible employees • Employee is not required to purchase life insurance on self are mandatory in order to cover eligible family members • Eligible employees may purchase any combination of worksite life insurance products Product and rider options • Children’s Rider may be added to either Employee & Product Children Grandchildren the employee’s or spouse’s policy, but not both Spouse Term 10 18-70 years 18-25 years* N/A Simplified Issue – Requires answers to medical questions • Grandchildren Term 20 18-60 years 18-25 years* N/A • Amounts above guaranteed issue limits Term 20 ROP 18-50 years 18-25 years* N/A • Employer group does not qualify for guaranteed issue, subject to approval Whole Life 18-70 years 15 days-25 years* 15 days-18 years* Pay to 100 Whole Life 18-55 years 15 days-25 years* 15 days-18 years* Paid Up at 65

* Ages 18-25 must be full-time students, unmarried and not in the military. Spouse only: Employees can buy $50,000 or less on their spouse without the spouse’s signature in all states, except Pennsylvania. Additional amounts of coverage are available with the spouse’s signature. Optional benefit riders** • Accelerated Benefit • Accidental Death Benefit • Children’s Term Life Insurance • Waiver of Premium ** Rider eligibility subject to issue age limitations of the base policy Re-enrollment • 90 days prior to re-enrollment, you and your life sales field representative each receive a reminder Competitive products and • Guaranteed issue must be authorized again before each re-enrollment riders to meet individual and • An in-force policyholder report is available upon request. family needs Please contact Worksite Marketing, 844-833-7766 or [email protected]

List bill • Minimum of five policies required for list billing • Individual, fully underwritten products can be issued and included on the list bill requirements Cincinnati Life’s Voluntary Payroll Deduction Program offers guaranteed issue underwriting for most employers. Contact your life sales field representative to discuss receiving guaranteed issue authorization.

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Form CLI-20075 (7/19) This is not a policy. For a complete statement of the coverages and exclusions, please see the policy contract. All applicants are subject to eligibility requirements. Products and riders available in most states. Do not reproduce, post online or otherwise reuse this work, in whole or in part, without written permission. © 2019 The Cincinnati Life Insurance Company. 6200 S. Gilmore Road, Fairfield, OH 45014-5141. Mailing Address: P.O. Box 145496, Cincinnati, OH 45250-5496. Page 4 of 4 cinfin.com Form CLI-20075 (7/19) (7/14)