Peter is 67, just retired as president of his company. Peter paid premiums on a $1 million Key Man term life insurance policy for 16 years. He was about to instruct his CFO to stop paying premiums on the plan because it was no longer needed. All those past premium payments were about to be lost – with nothing to show for it.
Concentrix partners showed Peter how a little-known recent change in the government’s perspective on life insurance could enable him to receive a substantial lump sum with which an annuity could be purchased paying him income for the rest of his life – without any additional cost to Peter!
Have a similar concern? Let's talk.
