Chicago Insurance Professionals
Chicago Insurance Professionals’ experienced producers and agents can help identify your insurance needs, whether personal, commercial or financial, and then offer the most appropriate amount and type of insurance coverage. Chicago Insurance Professionals will be able to manage all of your policies across several companies in order to produce the best coverage for the money. One point of contact, on-line policy management and a trusted insurance advisor can make a person or business whole again.
A Life Insurance policy headed for $0… Turned Into $2.35M
Many life insurance policies no longer serve the purpose they were originally designed for—but too often, they’re surrendered or allowed to lapse without a secondary-market review.
Here’s a recent case that highlights why a review matters:
Policy Overview:
$7.5M GUL
Insured: 79-Year-Old Male (Healthy)
Carrier: AIG
Policy Type: Guaranteed Universal Life
Purpose: Estate Planning (No Longer Needed)
The Situation
Premium to age 105: ~$200,000/year
Cash value had been used to pay the premium and left near $0
Client no longer needed the coverage
Final Result:
Settlement Offer: $2,350,000
If you are someone you know is facing higher life insurance premiums or has a policy they no longer need, please give us a call.
10/31/2025
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205 N Michigan Avenue Ste 810
Chicago, IL
60601
