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Welcome to Senior Life Insurance Company

Now offering up to 150% first year commission!

NOTICE: Our store site has been updated! In order to access the store site, please visit the agent portal.

CONTRACTNOW

CAREERS

UP TO 150% FIRST YEAR COMMISSION

At the start of this year, our CEO & President, Ron Powell, announced that Senior Life would be introducing the single most aggressive compensation plan in America. We’re excited to offer up to 150% first year commission to our agents. If you want to start earning what you’re truly worth, click here to join our team today.

HOW YOU CAN DO IT

It’s as simple as 1, 2, 3! No experience required.

1

TAKE

LEADS

2

MAKE

PRESENTATIONS

3

MAKE

MONEY

Want to accelerate your income?

Duplicate this system. Build a team.

1

TAKE LEADS

At Senior Life, you don’t have to worry about calling friends or family to make sales.

With our groundbreaking Leads the Way App, we instantly provide our agents with the highest quality final expense leads on a daily basis. The moment a customer calls us, you are alerted through our groundbreaking technology.

Let us bring customers to you today. No cold calling involved.

LEARN ABOUT OUR LEADS PROGRAM

WATCH A LEAD GENERATING COMMERCIAL

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2

MAKE PRESENTATIONS

Through our SLICE App, we provide you with a sales process that walks your client right down to the close. This system is effortless, error-free, and so simple that any agent could complete it, regardless of experience. Same-day pay eligibility is included for your convenience.

All at your fingertips. All in five minutes or less.

LEARN MORE

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3

MAKE MONEY

Earn what you’re worth.

This business can take you to whatever level you choose — if you’re willing to work for it. Neither of our founders have a college degree, but they have achieved success with hard work in this industry. That’s what’s so great about final expense. No matter what background you have, whoever works the hardest is the one who earns the most. It’s that simple.

Are you ready to make a difference?

START NOW

BUILD A TEAM

CREATE A MOVEMENT

Friends, family members, neighbors — invite everyone to follow this proven system with you. Start with just the power of five people. Help those five people hire five more. Continuously expand your team. Watch your income grow as you help others get what they want with Senior Life Insurance Company.

Discover The Advantages of Building Your Team

“When you build an agency, your income can explode exponentially. The sky is the limit.”

—Ron Powell | President & CEO

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REAL

RESULTS

PRESIDENT & CEO, RON POWELL — LICENSED AGENT

Our President & CEO, Ron Powell, began selling final expense in 1989. By 2000, he was able to purchase his own insurance company.

That’s right! Final expense took our president from broke and struggling to becoming the owner of his own insurance company in just 11 years. You, too, can find success with final expense by following Ron’s proven system.

LEARN MORE ABOUT RON’S JOURNEY

  • Ron Powell photo.
  • 1989

    Started in final expense at 20 years old after dropping out of college.

  • 1990

    Ron falls in love with the simplicity of final expense. He begins to grow an agency — P&P.

  • 1994

    Millionaire by 25 years old. P&P has become the largest final expense agency in America.

  • 2000

    Bought a life insurance company active in 6 states and established Senior Life Insurance Company. Ron suffers from a brain aneurysm, but perseveres in order to work towards realizing his dream of making Senior Life the greatest final expense company in America.

  • 2009

    Ron becomes a paraplegic after an accident. Despite his condition, Ron keeps striving forward and pushes towards continued success. No matter what happens, you can achieve your dreams with Senior Life Insurance Company.

  • 2018

    Senior Life makes first acquisition of another insurance carrier, now known as “Senior Life Insurance Company of Texas.” Over two hundred Home Office employees and thousands of contracted agents are proud members of the Senior Life family.

  • Now

    Thriving and active in 40 states plus Washington, D.C. On the lookout for more acquisitions and more leaders to expand into new states.

No matter where you are in your career, we’ve been there and know what it takes to succeed. Remember: it’s not about how much you know, it’s about how much you want it. If you want it, go get it. Make it happen with Senior Life Insurance Company.

OUR HOME OFFICE SERVES YOU

WE KNOW EXACTLY HOW TO HELP YOU BECAUSE WE’RE AGENTS, TOO.

LICENSING

Our licensing experts keep the on-boarding process fast and efficient so you won’t be left wondering about your application status. Be in the field or on the phone helping your customers.

robert jones

ROBERT JONES

DIRECTOR OF LICENSING

Licensed Agent

AGENT SUPPORT

Our agent support department is here to help you with whatever you need as an agent. Our representatives are committed to assisting you.

jonathan

JONATHAN ROSSI

DIRECTOR OF AGENT SUPPORT

Licensed Agent

LEADS

Our leads department ensures that you will always have high quality leads. With our Leads the Way mobile app, potential policyholders are at your fingertips 24/7.

wade

WADE BONE

SENIOR VICE PRESIDENT

Licensed Agent

CLAIMS

Our claims department ensures that each of your clients are satisfied with our speedy service, helping their loved ones through some of their most difficult times.

savannah

SAVANNAH YANCEY

DIRECTOR OF CLAIMS

Licensed Agent

HUMAN RESOURCES

Our human resources department is responsible for overseeing many of the benefits that we offer for qualifying agents that work with Senior Life, like health insurance.

sarah kelly

SARAH KELLY

DIRECTOR OF HUMAN RESOURCES

To Be Licensed

UNDERWRITING

Our underwriters review your applications to ensure that valid information is being submitted to the Home Office, making sure that the information is error-free.

bobbi

BOBBI LAMON

CHIEF UNDERWRITER

To Be Licensed

When asked for help, we always answer the call. Going above and beyond is what we do.

Perks & Benefits

LEARN MORE ABOUT OUR STOCK OWNERSHIP OPPORTUNITY

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Contests & giveaways.
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Earn a Rolex.
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Executive mentorship.
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Annual trips.
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Health insurance plans.
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And more!

No License? No Problem. Get Started Today.

Contract now, speak to one of our leaders, or see for yourself why agents love Senior Life.

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BORN TO WIN

A Message From Ron Powell, President & CEO

Lesson 1

Background

Recognizing the need for a more comprehensive anti-money laundering regime to fight drug trafficking, organized crime, and international terrorism, the U.S. Congress passed and President George W. Bush signed into law the USA PATRIOT ACT (Patriot Act), which, among other things, amended the Bank Secrecy Act (BSA) to require all businesses defined in the BSA as financial institutions to implement an Anti-Money Laundering (AML) program and report suspicious transactions to the Financial Crimes Enforcement Network (FinCEN). An insurance company is defined as a "financial institution." The characteristics of financial products, including certain life insurance products, make them potentially vulnerable to those seeking to launder money. FinCEN relies upon a network of state, federal and international law enforcement agencies to collect, analyze and disseminate information about money laundering. FinCEN is also the repository for all Suspicious Activity Reports (SAR).

Bank Secrecy Act (1970)

The BSA grants the Treasury Department the authority to require firms under its jurisdiction to develop written policies and employee training programs for compliance with the provisions of the BSA. Additionally, the reporting and recordkeeping rules within the BSA require a financial institution to:

  • Maintain certain records in order to allow investigators to trace transactions.
    • Maintain certain records in order to allow investigators to trace transactions.
    • This includes information such as the identity and address of the participants in a transaction.
    • The legal capacity in which a participant in a transaction is acting.
    • The identity of the beneficial owner of the funds involved in any transaction.
    • A description of the transaction.
  • File a Currency Transaction Report (CTR) with the Internal Revenue Service (IRS) for each transaction in currency of more than $10,000. The types of transactions include: deposits, withdrawals, or currency exchanges in an amount exceeding $10,000.
    • For purposes of the CTR, multiple transactions taking place on the same day, for the same person, and the at the same financial institution count as a single transaction; this is known as the Aggregation Rule.
  • File a Report of International Transportation of Currency or Monetary Instruments (CMIR) when the amount of currency or monetary instruments transported into or outside of the U.S. exceed $10,000. Monetary instruments include any traveler’s checks or other checks, securities, or stocks that have been signed over or are otherwise in such a form that ownership goes to the bearer.
  • Maintain information concerning sales of monetary instruments purchased with cash in amounts from $3,000 to $10,000 to prevent structuring transactions.
  • Keep records for any transmittal of funds over $3,000 (the "Travel Rule").
  • Certain financial institutions must file a Suspicious Activity Report (SAR) for any suspicious transaction or activity.

USA Patriot Act (2001)

On the heels of the terrorist attacks on September 11, 2001, the Patriot Act was signed into law to combat terrorism. The Patriot Act gives law enforcement agencies broader powers in dealing with money laundering and terrorism, and makes it more difficult for money launders to use their traditional financial channels to launder money. The Patriot Act created new anti-money laundering responsibilities for insurance companies.

Money Laundering

Money laundering is the illegal practice of placing money gained from criminal activity, "dirty money," through a series of apparently legitimate transactions in order to hide the criminal origin of the money. The goal is to make money from criminal activity appear to be from legitimate sources. Money is usually associated with cash though non-cash transactions can play a role. Any financial transaction can be a part of the process to hide the origin of the money

Mechanics

Although money laundering is a diverse and often complex process, it basically involves three independent steps that can occur simultaneously, separately or overlap.

  1. Placement. This is the first step in the washing cycle. Money laundering is a cash intensive business, generating vast amount of cash from illegal activities. The monies are placed into the financial system or retail economy or are smuggled out of the country. The aims of the launderer are to remove the cash from the location of acquisition so as to avoid detection from the authorities and to then transform it into other asset forms. A common method is “structuring” which breaks up the currency transactions into portions that fall below the reporting threshold. Examples for disposal of bulk cash include:
    • Payment of premiums on life insurance policies or annuity contracts;
    • Large number of transactions;
    • Using cash;
    • Using cash equivalents;
    • Not using normal banking channels.
  2. Layering. In the course of layering, there is the attempt at concealment or disguise of the source of ownership of the funds by creating complex layers of financial transactions designed to disguise the audit trail and provide anonymity. The purpose of layering is to disassociate the illegal monies from the source of the crime by purposely creating a complex web of financial transactions aimed at concealing any audit trail as well as the source and ownership of funds. Examples of layering include:
    • Multiple transactions
    • Purchasing financial products such as life insurance and annuities
    • Cash transfers
    • Currency exchanges
  3. Integration. Integration is the final step in the process. It is this stage at which money is integrated into the legitimate economic and financial system and is assimilated with all other assets in the system. Integration of the "cleaned" money into the economy is accomplished by the launderer making it appear to have been legally earned. By this stage, it is very difficult to distinguish legal and illegal wealth. Methods popular to money launderers at this stage are:
    • Purchasing legitimate businesses
    • Borrowing against insurance policies
    • Termination of insurance policies
    • Early termination of annuities

Ramifications

Penalties for money laundering can be severe. Fines could be twice the amount of the transaction up to 1 million dollars. Any property involved in the transaction or traceable to the proceeds of the criminal activity may be subject to forfeiture. Individuals are subject to prison terms for being willfully blind to the fact that the transaction involved illegal funds. In addition, insurance companies risk losing their charter, and agents risk being removed and barred from insurance. Insurance companies have their own disciplinary policies and procedures.

Agents not complying could be subject to disciplinary action up to and including termination and will be reported to the proper legal authorities. To protect yourself from a willful blindness charge:

  • Report suspicious behavior to the Senior Life Market Compliance Department and keep documentation of communication;
  • Know your clients; and
  • Stay alert for any suspicious behaviors.

Reputational Risks

One of the most harmful outcomes from involvement in a money laundering investigation is damage to the agent and insurance company's reputation. Being aware of and following money laundering requirements helps protect our most valuable sales tool, your reputation.

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As an agent, you're able to purchase a Senior Life business cards. Each set contains 500 business cards and is $32. If you've met your production quota, then you may order these cards for no charge. To order business cards, please download the form linked here. This form can also be found on our Agent Resources site. Once you've downloaded and completed the form, please email it to businesscards@srlife.net. If you have any questions about our business cards, please contact our Marketing Department.

As an agent, you're able to purchase a Senior Life name badge. To order one of these name badges, please submit the form linked here. If you have any questions about our name badges, please contact our Marketing Department.

Agent Resources is where you can access applications, downloads, memos, and more. If you ever have any trouble logging in, please contact our IT Department or our Marketing Department for assistance.

The Senior Life Anti-Money laundering course allows you to be trained to be aware of anti-money laundering practices. Use the link here or on our Agent resources to read the material and take the quiz. You must complete this course within 90 days of beginning your contract with Senior Life. If you have any questions about the quiz, please contact our Licensing Department.

On the Senior Life Store, you can order a variety of marketing material, from apparel to brochures. If you ever have any questions about any materials on the store site, please call our Marketing Department and we'll be happy to assist you.

The agent portal allows you to see what lead charges you have and what agents may be working under you, along with other helpful information.

nathaniel hearne guest speaker senior life born to win

DR. NATHANIEL HEARNE

Q1 INCENTIVE TRIP SPEAKER

Dr. Nathanial Hearne, epitomizes what “up by the bootstraps” stands for. An educator, motivator, mentor, executive, Pastor, trainer…and ultimately… the man who has led countless individuals to excel far past their expectations and even their dreams. He was instrumental in combining education with athletics much to the chagrin of some coaches while earning him the love and respect of those he molded into men.

Dr. Hearne played an important part in the lives of those football players and coaches who the film, “Friday Night Lights” was all about. As Assistant Coach he instilled a love of honor and sportsmanship in every team member as he led them in strength and stamina conditioning. The Permian High School team became National Football Champions in 1989 and State Champs in 1991.

As Assistant Principal and then Principal in the Hurst-Euless-Bedford ISD of Texas, he turned around the Discipline Alternative Education Program for difficult students managing it for five years… and motivating hundreds of potential drop-outs to remain in school and graduate.

His Dropout Prevention Program was recognized by the “Texas School Business” magazine as the best prevention program in Texas in 2010. Dr. Hearne practiced what he preached, that by applying yourself and making the most of what God had blessed you with you could do anything and become anything you wanted.

One of eight children raised by strong parents, he excelled in school. But, like those he came to mentor, he didn’t like school and wanted to drop out. He says you didn’t argue with a mom who held two jobs to clothe and feed you… you did what she told you to do. His first degree was a B.S. in Physical Education at North Texas State University in 1974. He returned to the University of Texas in 1979, obtaining a Master of Arts. In 1998 he garnered a Master of Divinity at SMU while working full time at the Clarksville ISD as the Football Defensive Coordinator and Condition Coach. The next year he became an Ordained Minister and served as such in several churches. In 2009 he was back at SMU obtaining a Doctor of Ministry.

Dr. Hearne’s ultimate, all time, challenge and success has been his dynamic presentations on “Leaving a Legacy” that will have you cheering one minute and crying the next. Click here to watch.

He is happily married to Callie & resides in Arlington, Texas. They have five grown children and three grandchildren.

VISIT NATHANIEL'S SITE

howard partridge guest speaker senior life born to win

HOWARD PARTRIDGE

Q1 INCENTIVE TRIP GUEST SPEAKER

International business coach, #1 Amazon.com best-selling author and favorite conference speaker, Howard Partridge grew up on welfare, started his first business out of the trunk of his car and transformed it into a multi-million dollar, turnkey enterprise.

He has owned nine small businesses and for two decades he has helped small business owners revolutionize their businesses and have more freedom in their lives.

VISIT HOWARD'S SITE

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Finish Contracting

In order to finish the contracting process, please click the button below to visit our contracting site. From there, you'll need to register with your 6-digit hiring code. Once you've registered, add licensing@srlife.net and you'll be able to start writing business within 24-48 hours.

VISIT OUR CONTRACTING SITE

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rolex

Senior Life agents are eligible to receive dental, vision, and more.

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Take a look at our upcoming 2020 incentive trip.

executive mentorship

As a Senior Life agent, you can have 24/7 access to our company leaders.

rolex

With Senior Life, you can earn your own Rolex.

contests & giveaways

At Senior Life Insurance Company, we give away TVs, cars, trips around the world, and more.

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We allow agents to purchase stock in Senior Life Insurance Company because we believe that you should own a part of the company that you help to build. Stock is a legacy that you can leave behind for your family.

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