When it comes to mirrored loans, what are some of the opportunities? Zach Gosselin sat down with Prudential’s Chuck Perrault to discuss what to do when your client’s policy has a loan last year. We've seen an uptick in requests for loan rescue this year, so we are rereleasing this episode.
The following questions get answered in this episode:
- How does a policy end up with an outstanding loan?
- What are the major implications a policyholder needs to understand if they currently have a loan existing in a permanent life insurance policy? What are the client’s options?
- When an advisor is conducting a policy review and uncovers a policy with a loan, what are some of the most common situations you see where the policy can be repositioned into a new product for better long-term performance?
- What makes Prudential uniquely able to help your clients in this situation?