Hi guys, I was just wondering who y'all use to maximize death benefit when 1035ing cash value.
Situation is: 62 yo male, put 40k into a UL in the 80s, the policy is starting to eat itself, but currently has 56k of cash value.
Client just wants straight (max amount) of death benefit without putting any more cash into the policy. Has a nonmalignant tumor in the pituitary gland but otherwise healthy, so very possibly will be a decline many places. Would maybe look at an annuity with LTC rider if that's an option.
Situation is: 62 yo male, put 40k into a UL in the 80s, the policy is starting to eat itself, but currently has 56k of cash value.
Client just wants straight (max amount) of death benefit without putting any more cash into the policy. Has a nonmalignant tumor in the pituitary gland but otherwise healthy, so very possibly will be a decline many places. Would maybe look at an annuity with LTC rider if that's an option.