Planning Checklist for Existing Life Insurance

Early Detection Protects Clients' Best Interests

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

  • The ITR/Form 712 is higher than expected
  • Unwinding complex life insurance structures
  • The policy is no longer need
  • The policy is too expensive
  • The policy owner wants to reallocate premiums to other planning needs
  • Business exit planning and M&A transactions
  • ILIT reviews
  • Marriage dissolution
  • Bankruptcy proceedings
  • Charitable contributions and Form 8283

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.

Request the Planning Checklist for Existing Life Insurance

Name(Required)
To determine if we already have a relationship with your firm.

Success Stories

Thomas and Katherine
INSURED
Thomas, 82 & Katherine, 79

Their needs had changed, and they no longer needed the policy
They were able to uncover significant liquidity and fund their retirement.

Type of Policy
Survivorship GUL
Policy Face Value
10,000,000
Cash Surrender Value
69,000
Life Settlement Value
2,800,000
LEARN MORE
June
INSURED
June, 84

Policy was underfunded and sitting in an ILIT
Eliminated future premium payments and used the funds for medical bills.

Type of Policy
Survivorship UL - One Deceased
Policy Face Value
1,500,000
Cash Surrender Value
25,000
Life Settlement Value
475,000
LEARN MORE
INSURED
Judy, 88

Policy was no longer needed for estate planning
Client was able to fund all lifestyle and caregiving needs.

Type of Policy
Survivorship UL - One Deceased
Policy Face Value
10,000,000
Cash Surrender Value
185,000
Life Settlement Value
3,250,000
LEARN MORE
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