- Overview
Overview
There are a whole host of reasons why your clients may need a market valuation of their life insurance policies.
Examples of where this service may be required include:
- Charitable Giving
- Division of Property Due to Marital Breakdown
- Corporate Reorganization
Transfers and sales of policies between individuals and their corporations are events that will require a market valuation. A company might sell policies that it funded for "key man" purposes to those employees upon their retirement. Conversely a business owner may sell their policy to their company in order to remove retained earnings. Where the health of the insured has deteriorated the value of that policy is not necessarily the Cash Value, but may be considerably higher, including much of the death benefit.
GBL's consulting team will work with you and your client to gather the required information and provide the valuation report in a timely fashion and at a very reasonable price. Please note that GBL cannot provide a tax opinion as this is the responsibility of your client's accountant or tax specialist.
- Convert a life insurance policy into personal wealth through a sale based on the current fair market value.
- Transfers and sales of life insurance policies from personal to corporate ownership, or charitable giving.
- Actuarially certified fair market value.
- Material changes in health may substantially increase the value of an existing life policy.
To learn more about this product, contact GBL or register as an advisor.
