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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
Audit Results:
- Client was given a Non-Tobacco Table 8 rating
- A better product chassis was found to meet the clients goals
- Moved to a Universal Life contract with a $5,200,000 face amount
- Pays no future premiums and GUARANTEE the coverage for life!
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