In 2024, all 70 million baby boomers will be at least 60 years old. Many of these individuals have declining health and expiring term life insurance policies.
Term LifeXtender allows policyholders to extend their life insurance coverage without overpaying. Life insurance agents now have a new product that will help their clients and grow their business.
Term LifeXtender offers life insurance agents and financial advisors a new commission stream by reviewing existing policies with new and existing clients.
Individuals over 60 make up more than 20% of the US population. This is an underserved demographic in the life insurance space because affordable life insurance hasn’t been available to them. With TLE, life insurance agents can reach a new clientele in an untapped market.
Traditionally, each time a term life policy expires, the agent loses a client. Term LifeXtender provides an opportunity for life insurance agents to retain clients, protect their clients’ coverage, and earn new commission.
We provide insurance agents and financial advisors guidance in selling TLE policies and handle much of the paperwork for you. As an agent, you can significantly increase your income by selling new products to existing clients.
Term LifeXtender exists to serve people over 60 who have an expiring term life policy, are no longer in perfect health, and want to extend their coverage for 5 to 10 years at an affordable cost.
The vast majority of insureds who own term insurance do not convert their coverage due to both a lack of knowledge and the high cost of conversion. Term LifeXtender is the affordable alternative they need.
Policy owners enrolled in Term LifeXtender™ reduce their cost by 25-75% compared with converting without TLE to extend their policies for 5 or 10 years.
Term LifeXtender™ allows policyholders with declining health to extend their life insurance benefits for 5 or 10 years at a cost they can actually afford.
Want to learn more about how Term LifeXtender can benefit your clients?
We’ll explain more about how TLE works and how it can help your clients.
We’ll provide you with the questionnaire you need to qualify potential Term LifeXtender candidates.
Each new Term LifeXtender policy generates sizable commissions for agents and financial advisors.