Insured:Male, age 83
Carrier:National Life
Policy Type:UL
Face Amount:$5M
Cash Value: $360,000Enhanced Cash ValueSM: $800,000
Faced with rising long-term care costs, the policyowner was considering surrendering the policy for the cash surrender value. Instead, his advisor helped him access the Enhanced Cash ValueSM of $800,000, more than doubling the amount his carrier would provide. The advisor earned a commission on the transaction.
Insured:Female, age 72
Carrier:Brighthouse
Policy Type:GUL
Face Amount:$3M
Cash Value: $113,000Enhanced Cash ValueSM: $221,000
The policyowner no longer needed the policy and was considering surrendering it for the cash surrender value. Instead, her advisor helped her access the Enhanced Cash ValueSM of $221,000, nearly twice as much as the carrier would provide. The advisor earned a commission on the transaction.