Everyone has several clients who own a permanent product that is under performing do to the low interest rate environment. In addition, complicating the situation even more, the client’s health may be “under performing” also.
Advisers call us everyday asking which company is a “Go-To” in these situations. Could I suggest Aviva Life ? Aviva has some interesting advantages over other carriers.
First of they have a table shave program which means they automatically issue all table three or better cases at standard rates. Aviva’s impaired risk team is second to none in the industry. Our underwriters at Aviva are industry veterans who have worked the “BIG” case market for decades.
Secondly, you will be impressed with the product line which includes guaranteed premium single and survivorship products. In addition to the guaranteed death benefit, an indexed cash value is also included. The individual product has another feature, the guaranteed reduction of premiums using the “wellness rider” means your client will have a reduced premium every year they keep the policy.
Lastly, do you have an impaired risk client with a loan against their contract? Aviva can rewrite the policy, carryover the loan and we can show you how to pay the loan off within the contract.
Outside of the table shave program Aviva has been very competitive on term products also, not only do they carry ten and twenty year term, but they are one of the few carriers to write ART.
Of course everyone wants to write with a financially strong carrier, did you know Aviva is the 5th largest carrier in the world and the oldest carrier in the world, dating back to the 1600′s. Aviva was known to write such historical luminaries as Winston Churchill and Queen Victoria.
Call us to discuss your case !