 Posted: Mon Jun 22, 2009 1:17 am Post subject: |
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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. |
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InsuranceExpert
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