by on See how much face value your client can get based on their specific budget.
How to use the Maximum Monthly Budget Feature on Best Plan Pro 2.0
This feature is located under Configure Coverage and can be toggled on by clicking the Max Monthly Budget tab. The Face Value(s) field will turn into the Monthly Budget(s) field, where you can input your client’s maximum monthly budget for premium payments.
After you run an analysis with a monthly budget specified, the results will be filtered out depending on the amount placed in the field. In this example, we specified $40 as the max monthly budget:
You’ll notice some large numbers instead of the usual smaller numbers. Those prices represent the face value of that particular product that:
- Fits your client’s budget;
- Your client will qualify for.
Those are the face values that your client can afford for that particular plan. So, if you see $9,502.12 for Aetna Accendo Preferred, it means that $40 using the MONTHLY-EFT payment option will give you $9,502.12.
Now you, as the agent, can be more informed when figuring out how much coverage to sell your client.
How to use the Maximum Monthly Budget Feature on Modern, Classic, and Windows Versions
This feature is located under Configure Coverage and takes priority over the Face Value field (meaning that if you enter into both, the results will be sorted by the results of the Maximum Monthly Budget).
If your client can only spend $40/month on a policy, enter $40 in the Maximum Monthly Budget field and your results will look something like this:
You’ll notice some large numbers instead of the usual smaller numbers. Those prices represent the face value of that particular product that:
- Fits your client’s budget;
- Your client will qualify for.
Those are the face values that your client can afford for that particular plan. So, if you see:
That means your client can afford a TransAmerica Preferred Plan with a face value of $13,368.13 for $40/month. And when we open up the plan info window, we see just that:
On the very top of the Plan Info window, it says $13,368.13. If you apply for that amount of coverage, it will be priced at $40.00 with a MONTHLY-EFT payment.
You can also check multiple budgets at the same time.
