A great reason to reconnect with customers for policy review opportunities
The Term-2-Term exchange program gives existing Legal & General America customers a valuable option to exchange policies and restart coverage for a longer duration with no medical evidence needed. If the policy meets the eligibility requirements, issue is guaranteed.
How does the program work?
The Term-2-Term exchange program allows Legal & General America customers who purchased OPTerm 10, 15, 20, 25, 30, or 35 within the past 48 months to trade up to a longer duration policy at their current attained age* with no underwriting. The replacement policy will be a new issue, with full coverage, not adjusted by the duration the original term policy was held.
- Premiums - based on attained age, nearest birthday
- Underwriting classes - all risk classes, including rated policies
- Exchange form - must be received within 48 months of original policy effective date
- Face amount - must match original term policy and be within retention limits
Please note, only one exchange per policy is allowed.
Benefits and highlights
- No medical evidence needed - includes rated cases
- Full commissions are paid on Net Premium Increase
- Conversion alternative
- Experience a fast and easy process
- Speak with your clients about new policy review opportunities
- Longer duration policies available 35 and 40-year term
Featured resources
Made just for you
On-Demand Webinar
Learn more about our Term-2-Term exchange program from Internal Account Manager Nancy Fahy.
