Heirmark® – Redefining the way affluent families, advisors and business owners acquire life insurance.

Problem:

Client, age 59, has 15+ life insurance policies in place for business and personal purposes. The policies were acquired throughout the years without a clear plan or purpose. Client wishes to reduce premiums for the same death benefit or possibly increase the current death benefit for the same premium commitment. Most of the policies in place today are whole life policies, with performance subject to a non-guaranteed dividend.

Solution:

Heirmark completed a comprehensive audit of the existing policies to evaluate performance and identify alternatives. The client went through our signature underwriting process, and we negotiated several preferred offers and one best class offer on his behalf. After extensive analysis, we identified a myriad of product options (including whole life products) that could accomplish either goal of premium reduction or increased death benefit. For example, for the business owned coverage, we ca reduce the premium outlay by over 30% with the same product type, just a different insurance carrier.