Close Close
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards

Life Health > Life Insurance

Firm May Buy Small Life Policies

Your article was successfully shared with the contacts you provided.

Milestone Providers L.L.C. says it will consider purchasing in-force life insurance policies with death benefits as low as $50,000.

The company has developed processes that enable it to settle policies well below the usual minimum size limit of $250,000, according to Milestone, Philadelphia.

The company will try to make the program appealing to agents and brokers by minimizing the amount of work producers have to do to start the process of selling small policies, Milestone says.

Milestone is offering the micro-policy purchase program to selected individuals 70 years and older who own term life and convertible term life policies as well as older owners of universal life policies.


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.