I originally purchased a survivorship life policy with a 10-year payment schedule that now has been increased to 14 years with no end in sight! What can I do?
First, request two in-force illustrations from the current carrier. One illustration should demonstrate how many more years to pay the premium to carry the insurance to age 100. The second illustration should do the same but assume a 1% reduction in the current dividend or current interest rate! Second, call our firm and we will do a comparison to measure the value of the current policy versus buying a new policy.
