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Current Policy Facts:
- 65 year old female owns a Universal Life Policy with a death benefit of $250,000
- The annual premium was $5,842 with an assumed interest rate of 6.15%
- Projected endowment at age 100 (death benefit cashed out to insured)
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Current Policy Facts:
- Insured husband & wife with Preferred Non-Smoker rating
- $500,000 Survivorship Universal policy used for Estate Liquidity
- Current policy premium of $6,500/ yr
- Current surrender value of $88,432.74
- Minimum interest rate of 4%
- Policy is guaranteed to age 100
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Current Policy Facts:
- Retired couple owns Survivorship Whole Life policy held in an ILIT (Irrevocable Life Insurance Trust)
- Both had been previously issued with Standard Non-Tobacco rating
- $4 million death benefit, including $973,000 of one-year term insurance
- Cash Surrender value of $1,097,888
- Annual Premium of $119,237
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Current Policy Facts:
- 68 year old male with history of Hypertension and CAD (current table 4)
- 10 year old Variable Universal Life policy with $4,250,000 face amount
- Policy relies heavily on existing cash value and requires a 7% gross rate of return to allow projected coverage remains in-force to age 100.
- Client is not paying premiums
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