The Visible Policy
Page 9, Without Even Dying!

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It is important to realize that there may be tax or other consequences resulting from any of the actions below.  Speak with your agent and/or tax counselor before doing any of them.

Living Benefits

The primary purpose of life insurance is to provide for one's beneficiary upon death.  Still, my participating whole life policy offers other benefits as well.  Over time, it even becomes an accessible financial investment.  Most of The Visible Policy has assumed the policy would be kept until death or maturation, but this is not necessary to obtain significant value out of it.

Here are some of the ways to access the cash value associated with the policy.

Not Yet Dead

Reasons may arise to give up the policy to a trust, other person, or organization.  The cash value policy will still exist, but policy ownership is sacrificed, either for tax or health reasons.

Accesses since 2 September 2002
last modified 22 November 2010
2002 - 2010 by Rich Franzen

Rich's Home Page

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No content within The Visible Policy has been approved, authorized, or verified by New York Life or any of its representatives.  I have attempted to fairly and accurately portray the policy, but there are likely to be mistakes.  Over time, I shall endeavor to correct any misinformation found herein.
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