Retiree’s whole life—What if dividends won’t cover premiums

Message Author
ampm-bookmark
delicious-small Add to delicious
yahoomyweb-small Add to YahooMyWeb
blinklist-small Add to BlinkList
PostPosted: Mon Jun 22, 2009 1:17 am   Post subject:   

The only thing that you should do now is get an illustration for all of the policies that is run at a dividend scale that is 1% lower than their current dividend scale AND has no future out of pocket premiums.



In other words, I want you to find out what happens if they immediately stop paying premiums and the dividend scale drops. With this information, a plan of action can be undertaken.



It doesn't make sense to go through all the "what ifs" without knowing more facts.



What I'm talking about is a combination of surrendering paid up additions, using dividends from one policy to help pay for another and taking policy loans if necessary. Based upon the information provided, this should be able to be done pretty easily and with absolutely no tax consequences.



If you don't mind talking to a stranger, you can PM me with a phone number and I'll walk you through this.

InsuranceExpert
Senior member
Leave a quick message



Joined: 05 Apr 2009
Posts: 662


142.74 Dollars($)

PostPosted: Sun Jul 05, 2009 2:34 am   Post subject: I was just wondering if they can surrender the smaller value  

another alternative for some of the smaller policies that they may no longer need is to see how much cash surrender value they have and compare it to what he can get for selling them in a life settlement. Don't know if this is allowed, but there's a good article on life settlements you can find on the web -- You can turn unneeded life insurance policies into cash.


_________________
Register Now to have your Insurance queries solved.
garrison
Guest







Quick Reply
Your Name
Subject
Message body
All times are GMT
 Previous  1, 2
Page 2 of 2


Get a Quote
Ask Community Experts

flash plugin

Quick Links

Must See

Community

Hot topics in forums

Latest in blogs

AmPmInsure on Facebook



Page loaded in 0.178 seconds.