Female- Age 65, Non-Tobacco User:
- Has only $2900 of cash value left in her current UL policy
- Coverage will lapse after one more policy year, despite having paid premiums for 25 years
- Client would not qualify for standard issue underwriting
- Remaining Cash Value will buy $5000.00 – Tax Free Guaranteed Death Benefit
- Agent Commission – 12%!!
Male- Age 77, Non-Tobacco User:
- Has $68,000 of cash value left in his current UL policy
- Coverage will lapse after within 4-6 years, despite having paid premiums for 21 years
- Although he could get through underwriting, client does not want to continue making premium payments
- Remaining Cash Value will buy $91,511 – Tax Free Guaranteed Death Benefit
- Agent Commission – 6%!!