Refinancing.
Most of us are familiar with the concept of refinancing our mortgages.
When interest rates drop, we may be able to get a better interest rate
by refinancing. Even when interest rates rise, we may decide to
refinance if we need to cash out some equity, reduce our payments by
establishing a longer term, or otherwise adjust our mortgage to better
suit our current financial condition.
Lapsed Policies.
Most of us are still not aware, however, that we can also refinance out
life insurance policy to improve our current financial condition.
Unfortunately, many clients simply do not know that their may be quite
substantial value in our life insurance policies, and a great many
policies are allowed to lapse (insurance companies gain an estimated
$1.5 Trillion, yes Trillion, per year in lapsed policies for which the
final payout is never made).
A Better Decision.
Rather than let you policy lapse or accept a small fraction of the
open-market value by receiving the cash surrender value, doesn t it
make sense to discuss with a qualified Financial Advisor your current
insurance needs and financial condition. Then you can make an informed
decision about what course of action to take.
Use
the Financial Advisor Search Tool to find a qualified Financial Advisor
in your area, or call your local Christian Stanley Franchise today.
