- Female 76 years old with multiple health issues.
- $1,500,000 term policy was converted to a universal life policy.
- Converted annual premium $56,400 (3.76%)
- Cash surrender value $0.00.
- Prior to the actual conversion of the policy an offer of $261,000 was negotiated for our client. Upon conversion of the policy, it was immediately sold for $261,000.
- The agent who recommended the transaction received over $50,000 in new commission. Another WIN-WIN-WIN for all involved.
Term conversion policy:
