The hidden cash value of term life insurance

Lest ye think I’m down on term life insurance, allow me to regale you with happy tale.

Recently talked to a guy who dropped his term life policy after paying premiums for like 30 years.

Lots of people have told me a similar story. They dropped their policy because… their insurance agent or financial planners told them to.

Usually, the way this shakes out is… they bought a 20 or 30-year term policy and after the level premium period ended they simply dropped the policy. It got expensive and their financial planner told them they didn’t need term insurance anymore.

Whoops.

That was a costly mistake because quite a lot of term policies can be sold for cash… IF you know what you’re doing and who to talk to.

Simply canceling the policy (which is the advice nearly everyone gets) voids the contract and… you. Get. NOTHING.

Do not pass Go. Do not collect $200,000.

You won’t find this hanging around the Interwebs because… most agents can’t do this for you (they are restricted from these types of transactions) and financial planners generally aren’t licensed to sell insurance and don’t really understand it anyway and they don’t think it’s even possible so they will tell you it’s not possible.

But it is. How do I know? Because my team has done it.

Anyway, if you want to know how to tap the “hidden” cash value of your term policy or… if you want to know more about term insurance in general, go read my new life insurance buyer’s guide, here:

https://www.monegenix.com/life-insurance-planning

David Lewis

This post brought to you by //The Rogue Agent//. David has been a life insurance agent, and worked with some of the oldest and most respected mutual life insurance companies in the U.S., since 2004. Learn more about him and his business, here.

This post brought to you by //The Rogue Agent//. David has been a life insurance agent, and worked with some of the oldest and most respected mutual life insurance companies in the U.S., since 2004. Learn more about him and his business, here.