A client’s existing second-to-die coverage is reviewed
after a fi rst death has occurred, in order to determine
whether they might be able to provide more for their
heirs by converting the coverage into a single life
In some cases, a single life policy insuring the life of
the surviving client may offer an attractive alternative
to keeping the existing second-to-die policy. Utilizing
the second-to-die policy values (possibly through a
Section 1035 exchange) might provide much more for
the client’s heirs.
• Increased the death benefit available to the trust beneficiaries.
• The new policy has a No-Lapse-Guarantee feature, providing death benefit guarantees
No-Lapse-Guarantee Universal Life: If the client’s primary consideration is death benefi t/premium guarantees
and cash value accumulation is not needed.
Current Assumption Universal Life/FIUL: If the client’s primary consideration is cash value accumulation..