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Policy Exchange
Challenge
Our Client was concerned about receiving benefits on a $450,000 life insurance policy issued 10 years prior.
Action
Their life insurance policy was originally projected through age 95. A life insurance review determined their policy would actually lapse at age 76 or require them to pay a much higher premium, based on the conditions at that time.
Results
We were able to exchange the insured’s policy, without increasing premium or reducing death benefit, to assure coverage regardless of their age at death.
Life Settlement
Challenge
Our 76-year-old Client worried what benefits he might receive on a mature life insurance policy.
Action
A performance review revealed their
$400,000 policy would lapse in 2 years at
their current premium of $5,400. To keep the policy through age 80, they would have to double their premium. They didn’t need their policy, but hated to give it up for a $16,000 value after paying $111,000 in total premium. We suggested life settlement, which he discussed with his attorney.
Results
Our Client obtained a $141,000
life settlement. |
The Financial Services Division of Alper Services LLC offers a disciplined approach and innovative strategies to meet the needs of our Clients. Our list of Clients include individuals, sole proprietors and owners of corporations both large and small. Our Team of Experts delivers highly customized solutions and an unparalleled level of service. We are affiliated with over 50 carriers in order to offer our Clients security and protection. The trust of our Clients and their confidence in our ability is the hallmark of our success.