Upgraded Replacement Case Example
This client needed to continue his life insurance coverage. His existing term policy contained conversion privelages. Instead of letting his existing term policy lapse, we were able to generate a life settlement offer. The proceeds from this transaction were used to fund a new term life policy with premiums slightly lower (due to changes in the pricing of the insurance products) for two full years. So, the client walked away with 9 additional years of term coverage without a premium for 2 years and still maintained the conversion privelage if needed at a later date.