Life insurance can be the largest unmanaged asset a client owns, and it is rarely reviewed for fair market value like other assets in a client's portfolio. Policy owners allocate significant liquidity on an ongoing basis, often long after transitioning out of the original need that the policy was put in place to protect.
REASONS TO CONSIDER A LIFE INSURANCE VALUATION
Sometimes the policy is worth more than the cash surrender value. Your clients can choose to sell the policy for a much larger value in a life settlement transaction. The funds received can be used for anything - medical and caregiving needs, charitable donations, retirement planning, and more.
Ashar Group CEO, Jon B. Mendelsohn, and Executive Vice President, Jamie L. Mendelsohn, explain the importance of treating life insurance as an asset.
Their needs had changed, and they no longer needed the policy
They were able to uncover significant liquidity and fund their retirement.
Policy was underfunded and sitting in an ILIT
Eliminated future premium payments and used the funds for medical bills.
Policy was no longer needed for estate planning
Client was able to fund all lifestyle and caregiving needs.