Executive Life

Our Process

Executive Life

Income Coverage

Many of our clients offer significant group term life insurance to their Partners and Executives. It only takes a couple of claims to drive up group rates. Our solutions are designed to stabilize/reduce rates, remove mandatory age reductions, improve portability, and offer higher guaranteed issue coverage.

Stabilization/reduction of group rates

Separating the executives from the group term life plan will often remove older plan participants with larger benefit amounts from the plan. This can insulate the remaining population from the larger claims associated with the executives. The executives receive non-experience rates and higher limits of portable guarantee issue group universal life coverage (GUL).

Removal of age reductions

Group Universal Life plans allow for coverage limits to remain constant as the executive ages which is important as people work longer.

Accessible portability

GUL plans allow executives to port the coverage at active rates or rates that are more favorable than conversion costs.

Greater limits of guarantee issue coverage

The group term market typically limits guaranteed issue coverage to one million dollars while GUL limits can routinely exceed 3 million.

For More Information Please Contact Us

Peck Financial

7100 Camino Real
Suite 403
Boca Raton, FL 33433

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