A 69 year old male had a $3,000,000 insurance policy Business Tagline with Phoenix Mutual. The annual insurance premiums were$180,000. The cash surrender value was only $7,000.
The Problem or Challenge
The insured desired to fund the purchase of a business for his grandson. He tried and failed to borrow the needed funds.
The Source of the Lead
Met the insured’s insurance agent by networking at a continuing education class.
The client received a purchase price of $950,000.