These surrender values can be annuitized at an older age to provide a guaranteed lifetime income when the policyholder decides that living too long becomes more of a financial liability than dying too young
Chicago, IL (PRWEB) April 08, 2014
YourLifeSolution.com, a life insurance comparison service, is today illustrating a unique strategy that will allow a customer to purchase permanent life insurance and have the option to surrender their policy in year 15 and be guaranteed a 100% refund. If the consumer chose not to, their rates would be guaranteed to remain fixed for life. "This is a great case of having your cake and eating it too. A consumer can purchase the policy and decide in the 15th year to walk away with all the premiums paid in. Generally it's better to keep the policy since rates are guaranteed till death with this product, but the ability to walk away with all premiums is a significant added value. These surrender values can be annuitized at an older age to provide a guaranteed lifetime income when and if the policyholder decides that living too long becomes more of a financial liability than dying too young ", said Eric Smith, the founder of YourLifeSolution.com
Attached to the original copy of this release is a financial illustration of this concept on a healthy 44 year-old man. The illustration can also be viewed here
Consumers interested in this concept are encouraged to contact Eric Smith by phone at 888.374.2764. Instant life insurance quotes can viewed at YourLifeSolution.com..