By layering multiple term policies, the client gets the exact amount of coverage they need for the length of time they need it.
- Parents of young children
- A couple who has recently married or has purchased a home
- Small business owners
How it Works
The first step is to work with the client to identify their life insurance needs and the length of time for each. For example, the first need may be to protect a mortgage that has 27 years remaining and the second need may be college tuition for two children ages 8 and 10. The mortgage obligation would require a 30-year policy and the college tuition obligation would only require a 20-year policy. The client purchases multiple policies to meet the different durations. This results in a lower cost than one 30-year policy for the total amount of coverage.
Concept Advantages
- Clients receive the coverage they want, when they want it
- The layering strategy reduces the initial annual cost, as well as the cumulative premiums over the life of the policy
- Clients have an option to convert their term policy to a permanent policy if their needs change
Product Solutions
- Term Life Express
Term Life Express Offer the Following Benefits:
- Simplified Issue Up to Age 65
- Competitive Commissions
- Term Lengths of 10, 15, 20 and 30 Years
- Face Amounts from $25,000-$300,000
- Return of Premium Available!
- Conversion Privileges to the end of the term length or age 70, whichever is sooner
Fill out the form or give us a call at 800-852-7152 for more info!
- Parents of young children
- A couple who has recently married or has purchased a home
- Small business owners
- Clients receive the coverage they want, when they want it
- The layering strategy reduces the initial annual cost, as well as the cumulative premiums over the life of the policy
- Clients have an option to convert their term policy to a permanent policy if their needs change
- Term Life Express
Term Life Express Offer the Following Benefits:
- Simplified Issue Up to Age 65
- Competitive Commissions
- Term Lengths of 10, 15, 20 and 30 Years
- Face Amounts from $25,000-$300,000
- Return of Premium Available!
- Conversion Privileges to the end of the term length or age 70, whichever is sooner
Fill out the form or give us a call at 800-852-7152 for more info!
