Today’s life insurance is becoming increasingly “consumer-centric”. Imagine a life insurance policy with a money -back guarantee! Here is how it works:
- Purchase a qualifying Guaranteed Universal Life type of policy
- Make annual premiums as required
- Death Benefit is always guaranteed
- Following certain policy anniversaries, elect to surrender and receive 100% of all premiums paid
- No negative impact to policy if you never utilize option
Great strategy for those who want the assurance and possibility of a guaranteed death benefit while waiting for lump sum inheritances, business transactions, or to assure they accumulate what they need to replace the need for insurance.
How many financial service products, or any product for that matter, come with a 100% money-back guarantee?
