Life Insurance Case History
A Policy Shaped to Your Needs... Two Case Histories
From a newly-weds policy to a sophisticated business agreement, Glennon is there to help.
A growing family's needs met...
When newly married JW became pregnant, she and her husband RW knew they needed life insurance. They also knew they had a limited budget, and worried they couldn't afford the premiums for the amount of coverage they wanted. The couple wanted the life insurance to provide mortgage protection and to cover all other living expenses for the surviving spouse.
We showed the couple how a "simple" term policy would fill their needs and ease their worries about cost. BUT... we also made sure the policies were convertible. This allows the insureds to convert to a permanent policy in the future without medical requirements!
That gave them the right coverage at the right price right now, with the added flexibility to make changes as their circumstances warranted.
A growing business's smooth transition assured...
When four relatives went into business together, they had no idea how much their business would grow. Soon they realized they needed a succession plan. What would become of the business if one of the partners died? Would his family step in and claim a part of the business?
With help from John E. Glennon, an attorney and Chartered Life Underwriter, they agreed on a buy/sell agreement funded by a $10 million life insurance policy.
Put in simple terms, should something happen to one of the partners, his or her survivors will receive $2.5 million in life insurance; and the surviving partners will retain control of the business.
That's putting the future in perspective with life insurance.
Call us to discuss your life insurance needs and goals. We'll tailor the right policy together. 1-866-GLENNON.
