Help your clients keep a portion of their insurance
with no future premiums.

Over time, people may find their life insurance no longer fits their situation. They still want coverage, but not the premium payments. Now you can offer an alternative to a lapse or surrender to clients age 65 and over whose policy has a face amount of $500,000 or more. SWAPP gives policyowners the ability to have life insurance coverage with no ongoing premiums. And provides you with another opportunity to grow your business.

Life insurance is a valuable asset that your clients should maintain. However, circumstances change,
often resulting in a need for decreased coverage or the inability to pay premiums. Here is an example of how SWAPP helped these policyowners keep a portion of their insurance with no future premiums.

Insured: Male Age 73
Policy Type: Universal life
Face Amount: $5,000,000
Cash Value: $272,000

In addition to providing the policyowners with $272,000 for their policy, Coventry First enabled them to retain a $1.7 million death benefit with no future premium obligations.

The policy was originally purchased by two siblings as part of their father's estate plan. The estate had since lost value, reducing the need for the current level of insurance. After obtaining a life settlement offer of approximately $910,000, their advisor suggested SWAPP as an alternative. Coventry First provided the policyowners with $272,000 and a $1.7 million death benefit with no future premium obligations.

To find out how Coventry can help you do more for your clients, contact a Coventry team member at 800.442.1181 or visit our website at

This case example is only intended for insurance and financial planning professionals, and is not for consumers or owners of individual life insurance policies. The details stated herein may be approximations and were reported to Coventry by the policyowner’s representative and are being presented by Coventry without independent verification by the policyowner.

As a reader of National Underwriter Life & Health you may be interested in the offer above from one of our partners.

You have received this email at %%merge members_.emailaddr_%%.
Click here to unsubscribe from this email list.
©2011 Summit Business Media, All rights reserved. Privacy Policy

Summit Business Media

5081 Olympic Boulevard
Erlanger, KY 41018