Lapsing Life Insurance

Life insurance carriers want you to lapse your life insurance because it ensures that they will not have to pay a death benefit. They capture all the value from the premium payments you have been making and no longer hold the financial liability of having to pay death benefit.

/ / Learn About Your Options / /

Don’t Lapse

Lapsing a life insurance policy simply gives any value in that policy back to the life insurance carrier. But you have options and can capture that value for your family. Don’t lapse that policy, get your value out of your policy.

Sell

When life insurance becomes unneeded or expensive, you can sell a policy for cash. Since most families end up in this situation, it can be an excellent option to get your value out of your policy.

Gift

Even when life insurance is unneeded and has no cash surrender value, it still may have value as a gift. Policies can be used as charitable gifts to many different organizations and family members often find reason to maintain a policy that the original policy owner no longer wants.

Update

Most life insurance products have features that can be adjusted to your current needs.

Explore Your Options Today

Give us a call to get your value out of your policy

727-440-5337

Stay In Touch

We’ll send you periodic info to help you manage your life insurance decisions.