Take a look at real results, from our real clients – both the institutions and the end users.
Insured: FEMALE, AGE 84
In-force Policy Analysis: The client does not need the annuity for income. Instead, she wishes to pass it on to her heirs. Convert the annuity into a SPIA and use the payments to fund a universal life.
Solution and Result: Generated an income stream of $61,700/year, which spreads out the gains and eases the tax burden for the client while she is alive. The payments will purchase a UL with a death benefit of $739,000 tax-free for her heirs.
Insured: HUSBAND, AGE 70: WIFE, AGE 76
Underwriting Factors: Husband – Hypertension controlled with medication, rated standard non-smoker by in-force carriers. New carrier offered preferred. Wife – Slight build problem. Preferred offered.
In-force Policy Analysis: Current ledgers project one of the two policies to lapse at age 96 and the other policy to carry at a total funding level of $49,748. Guarantees were to ages 82 and ages 87
Solution and Result: Either reduce annual premiums to $30,163 and guarantee $2,000,000 for life OR increase premiums to $51,158 and guarantee $3,000,000. Client chose to purchase the additional $1,000,000 in coverage for only $1,410 more per year.
Insured: Female, Age 70
Underwriting Factors: Diabetes, Cancer, Epilepsy, and Build New Carrier Rate Class Standard Non-Smoker
In-force Policy Analysis: Modal premium whole life product with current premium of $89,350 scheduled to increase to $116,100 in 8 years. Modal premium whole life product fully guaranteed, however, maturity at age 100. Current cash surrender value equal to $250,000
Solution and Result: Reduce premiums to $55,000 and guarantee $2,500,000 for life.