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Why You Want to Re-evaluate Your Life Insurance Policies

IF YOUR CURRENT POLICY WAS ISSUED PRIOR TO 2007, YOU  PROBABLY ARE PAYING HIGHER RATES THAN YOU NEED TO BE PAYING (New CSO tables began to be used in 2007 which have lower mortality calculations. Almost all companies used the old 1980 tables up to 2007).

Examples of Recent Evaluations

1. Gentleman 68 years of age
   Current policy:                 Issued:               1986
                                              Death Benefit:   $800,000
                                              Cash Value:      $xxx,xxx
                                              Premiums:        $1,000/ month into the future
   
   New policy:                      Issued:                March, 2009
                                              Death Benefit:    $900,000
                                              Cash Value:       Transferred in from old policy
                                              Premiums:         $300/month FOR ONLY 2 MORE YEARS
   
   
   POLICY NOW PAID UP FOR LIFE -- SMALL PREMIUMS FOR 2 YEARS – AND ADDED $100,000 D.B.!!!
   
2. Lady 40 years of age
   Current policy:                 Issued:                1990
                                              Death Benefit:   $50,000
                                              Cash Value:       $x,xxx
                                              Premiums:         $350/ year for life
   
   New Policy:                      Issued:                May, 2009
                                              Death Benefit:    $100,000
                                              Cash Value:        Transferred in from old policy
                                              Premiums:          $0 – No more premiums for life!
   
   POLICY NOW PAID UP FOR LIFE – NO MORE PREMIUMS – DOUBLED THE DEATH BENEFIT!!!

HOW CAN ALL THESE SAVINGS BE POSSIBLE WHEN PEOPLE ARE OLDER THAN WHEN THEY WERE FIRST ISSUED?

The mortality table rates were changed (most companies – 2007) which means that many older policies are still charging much higher “rates” for the death benefits (per $1,000 of death benefit).

So, if a person has at least reasonable health, then there should be a RE-EVALUATION of the current policies!!

Trusted Advisors have assisted thousands of persons to up-grade their policies and saved people a lot of money. “What you don’t know could hurt you” – is an old saying. Don’t allow this old saying be your story!!