Income Provenance Solitaire is a full medical underwriting plan but there is complimentary one-time medical concierge service to make the application process as seamless and efficient as possible.
Single premium whole life policies of such nature, tend to be used in asset equalization of a business as part of the overall legacy planning strategy.
There is no financial product in the world that creates instant estate liquidity upon death, like life insurance does. By asset equalization of a business, the business itself can be given whole to a specific beneficiary and the life insurance proceeds to loved ones upon passing.
Some things to note. This post will get dated. And the product might not be available for new subscriptions at some point. Hopefully this serves as reference for future policyholders who have forgotten what they have taken up.
Income Provenance Solitaire may or may not fit into your financial plans. Understand that there is no best plan for all time, but there is a method to objectively facilitate your decisions. Read more about it here.