NGA / IMO Hybrid & Distribution Partner
Term, IUL, UL and Whole Life Contracting Built to Beat Your Current Commission Level
BetterLifeQuotes.com is an NGA / IMO Hybrid & Distribution Partner that will beat your current commission levels and scale your current practice. We are no longer final expense only: this page covers term life, indexed universal life (IUL), universal life (UL) and whole life. Our job is to beat your current commission level on every one of them, and our mission is to make sure you scale with every life insurance product.
Carriers: our 13 carriers include carriers that offer term, IUL, UL and whole life, and Ethos, Americo and many more carriers are on the way. Commission: tell us your current contract levels and our job is to beat them. Starting out: solo agents who meet our 6-month minimum requirement start at a 90% commission at contracting.
Jump to: Term life · IUL and UL · Whole life · Compare products · Carriers by product · FAQ
Term life insurance
Term life insurance covers a set period, commonly 10, 15, 20 or 30 years, for a level premium. If the insured dies during the term, the beneficiaries receive the death benefit; when the term ends, coverage stops unless it is renewed or converted. Term has no cash value, which keeps premiums lower than permanent coverage, and many term policies can be converted to permanent coverage within a set window.
- Who buys it: families protecting a mortgage, replacing income or paying off debt, and business owners covering key people or buy-sell agreements.
- How our agents sell it: mortgage protection leads, referrals, and younger clients and family members of final expense clients.
Indexed universal life (IUL) and universal life (UL)
Universal life (UL) is permanent life insurance with flexible premiums and an adjustable death benefit, and its cash value grows at an interest rate the carrier declares. Guaranteed universal life (GUL) focuses on a guaranteed death benefit with little cash value. Indexed universal life (IUL) credits cash value based on the performance of a market index, such as the S&P 500, subject to a cap and a participation rate, with a floor that keeps credited interest from going below a set minimum (often 0%) in down years. IUL cash value is not invested directly in the market.
- Who buys it: clients who want lifelong protection with flexible premiums, cash value accumulation, or both.
- How our agents sell it: needs-based conversations about protection, cash value and retirement goals, with illustrations from the carrier.
Whole life insurance
Whole life insurance is permanent coverage with level premiums, a guaranteed death benefit and guaranteed cash value growth. Participating whole life policies may also pay dividends, which are not guaranteed. Final expense, simplified issue whole life (SIWL) and guaranteed issue whole life (GIWL) are smaller whole life policies built for end-of-life costs; see our Final Expense page and SIWL and GIWL.
- Who buys it: clients who want coverage that never expires, predictable premiums and guaranteed cash value, including final expense and legacy planning.
- How our agents sell it: as the permanent option next to term, and as final expense for seniors.
Term vs IUL vs UL vs whole life
| Product | Coverage length | Premiums | Cash value | Common uses |
|---|---|---|---|---|
| Term life | Set term, commonly 10 to 30 years | Level for the term | None | Mortgage protection, income replacement, debt payoff |
| IUL | Permanent | Flexible | Index-linked crediting with a cap and a floor | Lifelong protection plus cash value accumulation |
| UL / GUL | Permanent | Flexible | Declared interest rate (minimal on GUL) | Lifelong protection at a lower cost than whole life |
| Whole life | Permanent | Level and guaranteed | Guaranteed growth, possible dividends | Final expense, legacy planning, guaranteed coverage |
Carriers by product
| Product | Carriers |
|---|---|
| Term life | Transamerica, AIG / Corebridge, American Amicable, Foresters, Royal Neighbors and Mutual of Omaha |
| IUL | Transamerica, AIG / Corebridge and Mutual of Omaha |
| Universal life | American Amicable, Foresters and Mutual of Omaha |
| Whole life | American Amicable, Foresters, Royal Neighbors, Liberty Bankers, Mutual of Omaha, GTL and Gerber, plus final expense whole life from all 13 carriers |
| Coming soon | Ethos, Americo and many more are on the way. |
Product lines are the lines each carrier offers through independent agents; the products on your contract are confirmed when you contract. See each carrier's profile on the Carrier List.
Support on every product
Everything below comes with your contract on every product we contract: final expense, term, IUL, UL and whole life. Training is limited to agents who meet our minimum requirements and the new agents recruited by them or by a new, established or healthcare agency.
Carrier access and streamlined contracting
- Simplified onboarding: register and get immediate access to a guided contracting roadmap that walks you through the onboarding process.
- Dedicated members portal: once contracting is complete, you unlock the full members portal, with centralized access to the tools, training and resources you need to succeed.
- Carrier resource directory: carrier-specific training materials, contact information, department emails and phone numbers for service and support needs.
- Contracting support: help with carrier appointments, transfers and contracting questions.
Agent training and development
- Comprehensive sales training on every product for qualifying agents and the new agents recruited under them.
- Proven telesales scripts, objection-handling techniques and closing strategies.
- Personalized coaching and ongoing professional development.
Agent management system
- Simple and easy to use: a straightforward system focused on the essential tools agents and agencies need to manage their book of business, without unnecessary bells and whistles.
- Production and agent management: agency management tools to monitor production, track performance and manage agent relationships.
- Commission and book-of-business reporting: commission reporting and book-of-business management.
CallWave inbound call platform
- Comprehensive inbound calls: adjust inbound call specifications to suit your preferences and business needs.
- Lead strategy and ROI: guidance on lead strategies, conversion optimization and maximizing return on investment.
Support for agency growth
- Recruiting, training and retention resources to help agencies build productive, sustainable teams.
Leads are not included. Agents bring their own lead source.
You own your book of business, your renewals and your hierarchy, even upon release, and releases are granted. No production minimums, no lead debt and no micromanagement.
Contracting for every kind of producer
Solo agents
Solo agents starting out who meet our 6-month minimum requirement start at a 90% commission at contracting. Apply as a solo agent.
New agencies
Build a downline that sells every life insurance product. New agency contracting.
Established agencies
Move your team and book and earn overrides across every product. Established agency contracting.
Healthcare agencies
Cross-sell term, IUL, UL, whole life and final expense to Medicare and ACA clients. Healthcare agency contracting.
Term, IUL, UL and whole life FAQ
What life insurance products can I contract through BetterLifeQuotes.com?
Final expense, term life, indexed universal life (IUL), universal life (UL) and whole life. BetterLifeQuotes.com is an NGA / IMO Hybrid & Distribution Partner that will beat your current commission levels and scale your current practice.
What commission do you offer on term, IUL, UL and whole life?
Our job is to beat your current commission level. Share your current contract levels for each product, and we will show you how we beat them.
Which carriers offer term, IUL and whole life?
Term: Transamerica, AIG / Corebridge, American Amicable, Foresters, Royal Neighbors and Mutual of Omaha. IUL: Transamerica, AIG / Corebridge and Mutual of Omaha. Universal life: American Amicable, Foresters and Mutual of Omaha. Whole life: American Amicable, Foresters, Royal Neighbors, Liberty Bankers, Mutual of Omaha, GTL and Gerber. Ethos, Americo and many more are on the way. Each carrier's profile is on the Carrier List.
Who gets the 90% starting commission?
Solo agents starting out who meet our 6-month minimum requirement (at least 6 months of continuous life insurance sales, plus the rest of our minimum requirements) start at a 90% commission at contracting. It does not apply to new, established or healthcare agencies; for agencies, our job is to beat your current commission level.
Do I get training and back office support on these products?
Yes. Back office support (a guided contracting roadmap, a members portal, a carrier resource directory and help with carrier appointments, transfers and contracting questions; sales training, telesales scripts, objection handling, closing strategies, personal coaching and ongoing professional development; an agent management system with production, commission and book-of-business reporting; the CallWave inbound call platform with lead strategy and ROI guidance; and recruiting, training and retention resources for agency growth) comes with every product we contract.
Do I own my book of business?
Yes. You own your book, your renewals and your hierarchy, even upon release, and releases are granted.