Objective

To provide each Key Executive with a life insurance benefit.

  • Requires a minimum of 5 participants

  • Maximum issue $300,000

  • Guaranteed Issue Underwriting with NO EXAM (under age 65)

  • Guaranteed Death Benefit to age 100

  • Business Exchange Feature

  • Living Benefits for Chronic and Terminal Illness

How Does It Work?

  •  The company purchases a policy on Key Executives.

  • The company is owner and beneficiary.

  • The policies provide an Executive a death benefit plus premium cost recovery for the company.

  • The Executive Plan can be continued, purchased by the insured, or transferred to a new Executive.

Chronic Illness Benefit

If insured is chronically ill, the policy allows the Accelerated Death Benefit Distributions but must retain a minimum of $50,000 Death Benefit.

KeyLife_ChonicIllness@2x.png
shutterstock_120714610.jpg

Benefit Funding & Distribution

KeyExecutive_BenefitFunding@2x.png

* 5 Executives x $200,000 = $1,000,000