Converting Term Life To Cash
People essentially rent insurance when they buy term life. Then, when retirement comes, cutting costs becomes a sensitive topic. Some consider converting from temporary (term) insurance to permanent insurance. But, most decide it is an unnecessary expense. As a result, nearly all term life insurance policies are destined to lapse without value.
Until now.
What if they could get 100% of their premiums back?
TermtoCash is a totally new and different life settlement program designed to:
- Provide additional life settlement options to seniors ages 55 and over
- Purchase convertible term life policies that aren't eligible for primary market life settlement programs
- Provide life settlement solutions for insureds with life expectancies up to 25 years
Insured: 60 year old retiring CEO
Health: Good
Policy: $1,000,000 level term
Situation: Company key man policy no longer needed. No primary market life settlement value.
TermtoCash offer: All premiums incurred over life of policy (approx $30,000).
Insured: 65 year old physician
Health: Good
Policy: $2,000,000 level term
Situation: Purchased a new policy online at lower rates. Existing policy had no primary market life settlement value.
TermtoCash offer: All premiums incurred over life of policy. Client applied toward cost of the new policy.
Insured: 58 year disabled administrator
Health: Poor
Policy: $500,000 level term
Situation: Existing rates skyrocketed. Unresolved health issues prevented replacement. Conversion unaffordable.
TermtoCash offer: 3% of face ($15,000). Instead policy was sold in primary market for 20% of face ($100,000).
Insured: 70 year old affluent retiree
Health: Near perfect
Policy: $2,000,000 level term
Situation: Near end of level rate period. Coverage no longer needed to cover estate taxes. No primary market life settlement value.
TermtoCash offer: $90,000
