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Whole Life Insurance Success Story |
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Whole Life Insurance Success Story
A 50-year old female had four whole life policies with a combined coverage of $265,000. The net cash value was $79,000 with an ongoing annual premium to age 65 of $2,500 per year on two of the four policies.
With Legacy Quote:
- Four policies were reduced to one.
- $55,000 of the cash value was used as a single premium on the new policy with a death benefit of $266,000 guaranteed to age 120.
- $24,000 in cash value was taken out free of federal income tax.
- No additional premium was required resulting in $37,500 in premium savings over 15 years compared to the previous insurance program.
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