An 86 year old male had a $15,000,000 face amount life insurance policy from AXA Equitable with a cash surrender value of $1,500,000. The annual premiums were $570,000.
The Problem or Challenge
The insured was over insured for his needs. He was go-ing to cash in his insurance policy for the cash surrender val-ue of $1,500,000 before being contacted by our team.
The Source of the Lead
Networking at a local rotary club.
The owner received a purchase price of $4,000,000.