BREATHE NEW LIFE INTO YOUR OLD
LIFE INSURANCE POLICYSM.In order for First Equity Benefits of America, Inc to consider a policy, it must meet the following criteria:
- Policy size of $250,000 - $10,000,000
- Minimum age of 65
- Life expectancies between 4 years and 15 years
- Policies must be Whole Life, Universal Life, Survivorship, Universal Life or Term policies that allow for conversion to Universal Life. Up to 10% of the portfolio may be Term Life where the term is at least 2 X LE + 2 years
- Policy must be confirmed as in-force and not within the grace period
- The contestability period must have expired
- The suicide exclusion period must have expired
- The policy must not restrict ownership or beneficiary changes
- Decreasing death benefits are not accepted and benefits must be payable in a lump sum
