Situations may arise when you no longer need or want your life insurance policy, generally due to:

• Changes in the policy structure (e.g., carrier-imposed premium increases, reduced duration of coverage, and other policy performance problems) and/or;
• Changes in your planning needs (e.g., retirement income needs, changes in estate taxes, business changes, etc.)

When these situations occur, we work with you and your advisors by first analyzing the existing policy and examining the potential for a life settlement. Based on our findings and your objectives, we provide detailed analyses and recommendations of various options that may include:

• Allow the policy to lapse
• Surrender the policy for cash value
• Restructure the policy
• Exchange for a new life policy or an annuity
• Pursue a life settlement when a higher net value seems likely