Individuals
HOW CAN I CONVERT MY GROUP OR INDIVIDUAL TERM LIFE INSURANCE TO LIFETIME TERM PROTECTION WITH 100% GUARANTEED RATES AND BENEFITS?
Many individuals have built their life insurance estates on “cheap” term life insurance. Term life premiums are extremely low but, at the end of the term period, either the insurance will disappear or the cost will become exorbitant. For example, consider a 55 year old individual who buys $1,000,000 of 15 year term life:
- Annual premium:
-Ages 55 to 65: $ 2,020
-Age 66 $ 37,030
-Age 70 $ 62,810
-Age 75 $119,120
- Cumulative Premiums
-Age 55 to 65 $ 20,200
-Ages 66 to 70 $244,100
-Ages 66 to 75 $711,990
Of course, the reason premiums are so “cheap” before age 65 is that, statistically, few people die before that age. Conversely, the reason they become so expensive after age 65 is that, ultimately, everyone will die.
Until recently, the only option to maintain a lifetime insurance estate was to buy high-premium “whole life”. But now you can buy lifetime term at amazingly low premium rates from some of the largest insurance companies in the country. In addition your premiums are guaranteed for life and cannot be increased and the insurance company can never reduce your life insurance benefit.
Our new report, How to Convert Term Life Insurance into Life Time Term Protection with Guaranteed Rates and Benefits will answer these questions for you;
- How much does lifetime term cost?
- Does lifetime term contain any cash values?
- Why can “investing” in lifetime term be more advantageous than owning municipal bonds?
- How can I combine lifetime term with an intra-family loan plan to make its proceeds estate tax exempt?
To get your free Report, click here.
