Broker Check

Life Expectancy

Creativity has seasoned analysts now combining policies in order to get the coverage you or a loved one needs, and while benefiting you financially.

Let’s say you are 70 years old and would like to purchase a $3 million life insurance policy. The cost for a fully guaranteed policy is $78,000 per year. The premiums are steep and it’s probably unnecessary to pay for guarantees through age 120. BNJA can structure a Life Expectancy policy that lasts you until you are 90. Based on those new parameters, the premium drops from $78,000 per year to $50,000 per year. In the event you live past the 20 years, higher, additional premiums will keep the policy in force.
There are other applications for this concept of Life Expectancy Insurance as well. For example, you can use it to buy reasonably priced policies on your kids.