The Background

A 66 year old male had a $5,000,000 life insurance policy. Business Tagline or with Lincoln Financial. The annual premiums were $250,000. The cash surrender value was only $2,000.

The Problem or Challenge

Because of the low interest rate environment, the insured’s life insurance policy was extremely underfunded. He received a notice from the insurance company that he had to pay an additional balloon payment of $180,000 to keep the policy in good standing.

The Source of the Lead

Personal contact.

The Solution

The client received a purchase price of $500,000.