Business Problem Solved

Ken is President, CEO and part owner (with other investors) of an equipment company. Ken handles the day to day operations and is responsible for growing the business. Most of the company’s value is derived from Ken’s experience and skill set which is crucial to the success of the business. The company is looking to protect the interests of the investors and provide debt protection. Additionally, Ken is key to his family’s current and future financial security.

Premature death can cause financial hardship to Ken’s business partners and his family. Purchasing life insurance can provide financial protection with a tax-free death benefit to the company and his family.

The Solution

Male, age 55, in good health, Approved Select Preferred as the best available class

Policy #1:

• $10,000,000 death benefit, the business is the owner and beneficiary
• Term UL Policy Guaranteed for 10 years
• $15,070 annual premium
  
  Policy #2:
• $1,500,000 death benefit, owned by him with his wife is the beneficiary
• Term UL Policy Guaranteed for 15 years
• $2,971 annual premium

First Year Target Premium: $18,000

Additional Estate Planning insurance solution is currently in the works.