Required by the bank — repriced by us.
A business acquisition, $2M in mandatory life coverage, and a second look that saved a new business owner $6,000 a year.
A loan with conditions.
A client was acquiring a company. The bank financing it required two policies before closing — each for the 10-year life of the loan. He placed both with his longtime agent, satisfied the bank, and got to work.
A second look — at no risk to his coverage.
Introduced by the banker overseeing his loan, we reviewed both in-force policies and quoted the open market. The result: identical coverage — the same $2M of protection — for about 28% less cost.
$60,000 saved.
He placed the new policies and cancelled the originals — same required protection, now $6,000 a year cheaper. Over the loan's 10-year term, that's $60,000 back into his new business and his pockets. Nothing about his coverage changed except the price.
This is what Tailored Solutions. Premium Care. looks like in practice.