Here’s a look at some of the ways both individuals and organizations can benefit by selling a policy they no longer need:
> Create current liquidity from an otherwise dormant asset
> Provide funds that can be reinvested into other financial vehicles
> Eliminate costly premium payments on a policy that is no longer wanted or needed
> Allow clients to receive more than the cash surrender value of a policy
> Provide a tax-efficient solution
Reinvestment Opportunities
Because the proceeds from the sale of a policy are unrestricted, they can be used to fulfill a broad range of financial and estate planning goals.
> Fund the purchase of a survivorship policy
> Fund a deferred compensation program
> Buy back stock from a business partner
> Purchase additional securities, mutual funds or annuities as long-term investments
> Pay for long-term care insurance or other asset-protection tools
> Fund a charitable gift, charitable lead trust, charitable remainder trust or gift annuity
> Pay gift taxes
Comprehensive Review
