Next, USD512,038,000 aggregate face amount
of class B Pass Through certificates, Series 2013-2 for an equivalent aggregate face amount
of outstanding class B Pass Through certificates, Series 2013-2, which were privately placed on Nov.
When an individual or business engages in a life settlement transaction, the amount it recoups is based on the policy's face amount
and cash surrender value as well as other factors, such as the insured's health, age and the current policy premium.
Delta has not extended the offer to exchange USD265,366,000 aggregate face amount
of Class B Certificates, Series 2007-1 or USD220,103,000 aggregate face amount
of Class C Certificates, Series 2007-1, also registered under the US Securities Act.
For example, a 35-year-old male can purchase a 10-year TrueTerm policy with a $250,000 face amount
at best rate available for approximately $13 per month(1).
He recently addressed one of the challenges of selling LifeFund, which carries a premium about 30% more than the same face amount
for a traditional permanent life insurance policy.
Coventry has access to $250 million this year, enough to buy about $1 billion in face amounts
New features and options available through the enhanced whole life product include lower face amount
limits for the best risk class: $100,000 for Whole Life and $250,000 for Modified Premium Whole Life.
The disclosure statement would apply to life insurance policies with face amounts
of $15,000 or less.
Policyowners may select a death benefit that's equal to the face amount
; a benefit that's equal to the face amount
plus the accumulated value; or a death benefit equal to the face amount
plus the premiums paid.
The disclosure statement would apply to policies with face amounts
up to $10,000, but the group might raise that amount to $15,000.
These enhancements--which include price reductions of up to 20% on Manulife's most popular term products, Manulife 10 and Manulife 20(1)--complement Manulife USA's large policy face amounts
, skilled underwriting, and other value-added features to result in a term life insurance product line that is even more competitive in the marketplace.
For the most part, attention has been focused on policies with face amounts
no greater than $5,000, although there is no firm definition of what size policy constitutes a "small" policy.