Mrs. T is a business owner with $1 million key person term life insurance policies held on her business’ executive team. When her COO decided to retire at 68, she was going to stop paying premiums on the term policy and let it lapse. After visiting with us, we took the term policy out to the secondary market to explore outside demand. She was offered over $200,000 for the policy by a well-known settlement company that purchased the term policy and converted it to a permanent policy for their long-term portfolio
Insurance services provided by Synergy Risk Management, LTD.