Take Advantage of this Little-Known Provision to Save YOU Money.
Everything to Gain, Nothing to Lose.
From the Desk of: John Martin
A little-known, but amazing provision for many common types of life insurance is lifelong price protection of the policy.
Yes, you read that right - Lifelong Price Protection!
And, it's enforced by our government! A very important IRS code provides you this benefit.
We've studied this IRS code at length and know it very well!
In plain English, the code allowing you to exchange an Old Policy at higher rates to a New, Improved Policy at lower rates — without any taxation or government penalties — is essentially a 'Price Protection' clause included with your policy!
P.S. As you'll see below, it will either be YOU that gets the savings... or the Insurance Companies. I would rather it be YOU!
6 Things You Should Know
About Permanent Life Insurance Rates
1. Life Insurance rates have decreased dramatically.
Life Insurance rates are based off government provided rate tables called a 'Mortality Table'. These tables are periodically adjusted.
One of the most dramatic changes (to the consumer's benefit) is happening right now!
If your policy was written before January 2019, it was likely based on a rate table from 2001.
If your policy was written in 2008 or earlier, it was likely based off a rate table from clear back in 1980!
New policies are written based on the most recent tables.
And the new table rates are much, much lower! Meaning...
With a New Policy, YOUR premiums will likely be much LOWER!
2. Insurance companies are required to use the new, lower rates.
Health improvements and living longer across the general population means the rates in the Mortality Table have reduced greatly. (I show you just how much on the next page).
With the rate table reductions, insurance coverage can be offered at lower rates.
In fact, the government requires insurance companies to lower their rates on newly developed products when mortality tables drop!
3. Insurance companies are NOT required to tell YOU about the lower rates.
The little known secret is Insurance Companies are NOT REQUIRED to alert their policy holders of new products and new lower rates.
In reality, Insurance Companies have NO INCENTIVE to tell you about newer, lower cost policies...
Because THEY MAKE A HIGHER PROFIT if you continue with your old, more expensive policy!
The Life Insurance industry may be the only industry that does not want their policy holders to upgrade to their latest and greatest products.
4. GOOD NEWS!
Old Life Insurance Policies can be exchanged for new ones.
IRS regulations allow replacing old cash value policies with new, upgraded policies with lower rates... without taxation or government penalties!
This includes the common types of permanent life insurance such as Whole Life, Variable Life, Universal Life, Survivorship Life and Index Universal Life.
5. MORE GOOD NEWS!
Exchanging or upgrading to a new policy can save YOU money.
You may be able to replace your old policy with a new improved policy and lower rates.
YOU SAVE MONEY WHEN YOU UPGRADE!
6. On the next page is a listing of the table rate reductions based on your Gender, Smoker/Non-Smoker and Current Age.
EVERY age group has a rate reduction!
P.S. It's my personal belief YOU SHOULD BE RECEIVING THE SAVINGS from these rate reductions, not the insurance companies!
Otherwise, Insurance Companies are just pocketing the additional profits at your expense!