Commentary: Keeping unneeded life insurance can benefit clients

04/17/2013 | Nerd's Eye View blog

Clients who no longer want or need their whole or universal life insurance may still want to maintain their policies because they can offer an attractive return, "especially compared to today's fixed-income alternatives," Michael Kitces writes. Death benefits also can offer a significant internal rate of return, he writes. For clients who can't afford to maintain their life insurance coverage, a life settlement may be another way to collect value from a life insurance policy, Kitces writes.

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