William Penn Offers Term-2-Term Exchange Program

Written By Jon Gold

FROM LEGAL & GENERAL...

Legal & General America is offering an exchange program allowing William Penn 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 his or her current attained age with no underwriting. Learn more about our conversion alternative and stay on the lookout for Banner Life's Term-2-Term exchange program coming soon.

Program Highlights

  • Products - active William Penn OPTerm 10, 15, 20, 25, 30, and 35 policies*

  • Premiums - based on attained age, nearest birthday

  • Underwriting classes - all risk classes, including rated policies

  • Exchange form LP198 WP (1-24) - must be received within 48 months of original policy effective date. 

  • Commissions - full commissions will be paid on net premium increase

  • Face amount - must match original term policy and be within retention limits

Jon Gold
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