If you are planning to discontinue a term policy at the end of the level term period, or want to surrender an existing whole life or UL policy, it’s important you understand all your options before walking away.
A life settlement may allow you to recapture paid premiums or obtain significantly more value than a traditional surrender — funds that could be redirected toward other financial goals.
Case Study: Larry didn’t need his policy anymore.
Larry sold his term policy for $30,000.
He no longer needed his $1,000,000 term policy. Instead of letting it lapse, he remembered his accountant had told him he might be able to sell it.
After obtaining a policy valuation, Larry sold his policy and used the proceeds to fund a classic car project with his grandson.
- Face Value: $1,000,000
- Cash Surrender Value: $0
- Life Settlement*: $30,000
What’s the next step? Obtain a Valuation Analysis
