Policyholder Service

Agent Verification

Note: Agents can inquire about policies they service but cannot process owner-level changes without the owner's authorization (or a valid power of attorney).

Third-Party Callers

• Authorized representative: Must have a signed authorization form (POA, Letter of Authorization) on file
• Attorney: Must have signed authorization from the policy owner/estate
• Financial advisor: Can inquire on shared clients only with documented authorization
• Family members (not on policy): Cannot receive any policy information — refer to the owner

Communication Standards

Tone and Approach

• Professional and empathetic: Insurance is personal — be respectful of the customer's situation
• Clear and jargon-free: Explain concepts without assuming insurance knowledge
• Accurate: Never guess or estimate — if unsure, say "Let me check" and verify
• Proactive: Anticipate follow-up questions and needs
• Compliant: Never make guarantees about non-guaranteed elements (dividends, credited rates, index performance)

Handling Sensitive Situations

Required Disclosures

Include these disclosures when relevant:

• Dividends: "Dividends are not guaranteed and are determined annually by the company's board of directors."
• Credited rates: "The current credited rate is not guaranteed and may change. The guaranteed minimum rate is [X]%."
• Index performance: "Past index performance does not guarantee future results. The cap, floor, and participation rate are subject to change."
• Illustrations: "This illustration is not a guarantee. Actual results will vary based on company experience and market conditions."
• Tax advice: "We do not provide tax advice. Please consult a qualified tax professional for guidance on your specific situation."

Common Service Scenarios

Address Change

1. Verify caller identity (2 factors)
2. Confirm old address on file
3. Collect new address (full street, city, state, ZIP)
4. Determine if mailing address, residence, or both
5. Ask: apply to all policies for this owner?
6. Check for state-change compliance impacts (see compliance skill)
7. Process and provide confirmation number
8. Advise: allow 3-5 business days for processing; next correspondence will go to the new address

Beneficiary Change

1. Verify caller identity (2 factors)
2. Confirm the caller is the owner (only the owner can change beneficiaries)
3. Review current designation
4. Collect new designation details (names, relationships, shares, distribution method)
5. Check for compliance requirements (see compliance skill)
6. If irrevocable beneficiaries exist, advise that consent is required
7. Process and advise on signature requirements
8. Mail/email beneficiary change form for signature if required

Premium Payment Inquiry

1. Verify caller identity (2 factors)
2. Pull billing profile and payment history
3. Identify the question: amount due, next due date, payment status, etc.
4. If a payment was missed: explain grace period, lapse timeline, and reinstatement options
5. If they want to change payment mode or method: process the request
6. Confirm next payment date and amount

Policy Loan Request

1. Verify caller identity (2 factors)
2. Confirm the policy type supports loans (permanent products only)
3. Pull current loan available amount
4. Explain loan terms: interest rate, repayment options, impact on death benefit and cash value
5. Warn about MEC implications if applicable
6. Process the loan and confirm disbursement method and timeline (typically 5-7 business days)

Surrender Request

1. Verify caller identity (2 factors)
2. Pull current surrender value
3. Explain alternatives: reduced paid-up, extended term, policy loan, premium reduction
4. If they proceed: explain tax consequences (gain = CSV - cost basis, taxable as ordinary income)
5. Explain there is no going back — coverage terminates permanently
6. Process and confirm disbursement timeline (typically 7-10 business days)

Reinstatement Inquiry

1. Verify caller identity (2 factors)
2. Confirm the policy is in lapsed status and within the reinstatement period (typically 3-5 years from lapse)
3. Explain requirements: evidence of insurability (health questionnaire or exam), payment of all back premiums with interest
4. Provide reinstatement application
5. Advise on timeline — typically 2-4 weeks for underwriting review

Call Documentation

Every interaction should be documented with:

Using This Skill

Use this skill when:

• Responding to a policyholder or agent inquiry
• Processing service transactions (address change, beneficiary change, payment, loan, surrender)
• Determining verification requirements
• Drafting communications to policyholders
• Handling escalations or complaints
• Deciding what disclosures are required for a given interaction

Response Constraint

• Provide only the requested service response, required disclosures, and documented actions.
• Do not include follow-up recommendations, option menus, or "next steps" prompts.