Proprietary Insurance Products
With a credible experience pool that clearly reflects the extraordinary mortality, persistency, premium volume and high average face amounts of member firm ultra-affluent clients, M Financial is in the unique position to work with its Carrier Partners to develop proprietary products priced exclusively for the clients of its Member Firms.
M Mortality Experience (actual death claims), is 14% less than the industry high net worth (face amounts greater than $1 million), which lowers cost of insurance charges in an M proprietary life product.
M Lapse Experience Over the past five years and in the wake of the financial crisis, M Financial’s lapse experience (policies that lapse or surrender) has averaged nearly 60% lower than the industry. This provides a longer time horizon for Partner Carriers to recoup initial expenses, which drives lower ongoing policy charges for M proprietary life products.
M Average Face Amount is nearly 12 times that of the industry, providing economies of scale which lower policy charges for M proprietary life products.