Before Your Client Lapses That Life Insurance Policy, Consider the Alternatives

More than 100 years ago, in its landmark Grigsby v. Russell decision, the U.S. Supreme Court ruled that life insurance is personal property and can be bought and sold like any other property you own. That means your client’s life insurance policy has value to his or her family right now, not just when he or she passes away. Unfortunately, the vast majority of your clients are unaware of this simple fact.