Several years ago I was retained as
an expert witness in a vanishing premium case. It was settled on
JB's terms. The family then had me do a major review and begin management
of a large portfolio of life insurance consisting of seven policies.
Two policies had significant problems so they were terminated with
the surrender values used to repay a loan on a top performing policy.
A year later the family sold their business and I was instructed
to revise the portfolio so they could maintain the maximum life
insurance with one-third the previous premium budget. This was done
by terminating a policy with weak pricing and shortening the length
of time to fund two others, but well within the insured's life expectancy.
I will continue to review and manage the life insurance policies
for the JB family.