We thoroughly review your existing policy to determine whether a 1035 Exchange aligns with your financial goals and identify options that maximize your benefits.

Our team takes the time to understand your unique needs and offers personalized solutions, ensuring the new policy or annuity is the right fit for your circumstances.

With our guidance, the exchange process is straightforward and efficient. We handle the paperwork and coordinate with the insurance providers to ensure a smooth transfer of funds.

Existing Policy: $1,333,700 Survivorship Whole Life Insurance Policy 10Pay

Current Premium: $75,000/year – 3 Years Paid, 7 Years Left

Current Cash Value: $169,000

Reason for Exchange: Lower premium costs

We helped the client transition to a new universal life insurance policy by using the current policy cash value to front load the premium with a lower premium of $42,570/year for the remaining 7 years while increasing the death benefit to $1,400,000. This change saved the client $32,430 annually without triggering a taxable event. A combined total savings of $227,010 and an increase of benefit by $66,300. A net difference of $293,310.

Existing Policy: $271,000 Life Insurance Policy with Cash Value of $179,000

Current Premium: $2,820 annually for life.

Reason for Exchange: Reduce or eliminate premium.

The client used a 1035 Exchange with the existing policies $179,000 cash value into a new life insurance policy. By doing this we were able to get the client $307,436 in death benefit, a $36,436 increase, guaranteed for life while eliminating all future insurance premiums. The client will no longer have to pay a premium and will increase his coverage.