In force and secure
Term Lifextender™ works with an in-force policy, so your client is financing a policy that he or she already owns. The split-dollar loan agreement does not begin until the conversion has gone through and the new policy has been issued.
Your client’s policy is:
- Pre-funded by the Term Lifextender™ Fund for the entire period chosen by the insured
- Guaranteed to remain in force for the term based on current assumptions
- Backed by the claims-paying ability of the insurance carrier