Case Study- Reduced Guarantee Due to Rounding Error

This may make you think twice about who’s managing your clients’ life insurance policies. After a review of a new client’s $10 million policy, PMC discovered, unbeknownst to the client, that their guaranteed coverage age had dropped by 19 years from age 100 to age 81—well below their life expectancy…all because their trustee had rounded off a premium payment by $309! Read what happened next.