Transcend Advisor Group

Your business might have a hidden source of liquidity...without selling a single asset. If your life insurance policy has cash value, your company could: ?? Surrender it for immediate cash (though this often results in a low payout). ?? Use it as loan collateral for business financing. ?? Exchange it for a different policy or an annuity (1035 exchange). Each option has financial and tax implications, so don’t make a rushed decision. Understanding your choices can mean the difference between a small check and a big opportunity. Would your business benefit from unlocking extra capital?

Did you know a business can transfer a life insurance policy to the insured individual? Instead of surrendering or selling the policy, the company can transfer ownership to the insured (often a retired executive or business partner). Why would this make sense? ?? The insured can use it for estate planning, retirement, or wealth transfer. ?? The business removes a financial liability while still keeping value in trusted hands. ?? It can be part of a compensation package or buyout strategy. This option keeps the policy in place - but shifts it to personal planning instead of business needs. Could this be a fit for your company?

Think a life insurance policy you company has on a key employee is no longer useful? Think again. Before you cancel or sell it, consider how your business could repurpose the policy: ? Use the cash value as a business financial reserve. ? Convert a buy-sell policy into broader business continuity protection. Insurance is a flexible financial tool - if you know how to use it strategically. Is your business making the most of its policies? Let’s talk about your options.

Your business might be sitting on an overlooked financial asset. You probably bought life insurance to protect key employees or fund a buy-sell agreement. But what happens when that policy outlives its original purpose? ?? The executive retires. ?? The buy-sell agreement changes. ?? The business evolves. Do you just cancel the policy and walk away? Not so fast. Businesses have multiple options for handling outdated life insurance policies, and some could be worth far more than you think. Over the next few posts, we’ll explore how to maximize value from an unneeded policy - because leaving money on the table is never a good strategy. Stay tuned!

Over the past month, we’ve explored key strategies for making the most of your life insurance: ?? 1035 exchanges – Swap for a better policy tax-free ?? Term conversions – Keep coverage without a new exam ?? Life settlements – Sell your policy for cash liquidity If you missed any posts, check out the full article here: https://lnkd.in/eaJDMAJU Still have questions? Let’s chat.?We'd love to help you explore your best options. #InsuranceStrategy #1035Exchange #LifeSettlements #FinancialPlanning

If you have a life insurance policy, don’t let it lapse without exploring these smart strategies: ? 1035 Exchange: Upgrade to a better policy without tax consequences ? Term Conversion: Keep your coverage without a new medical exam ? Life Settlement: Sell your policy for immediate cash value Your life insurance is an asset, and managing it strategically can help you protect your loved ones and maximize its value. Don’t leave money on the table! #InsurancePlanning #WealthManagement #LifeInsuranceOptions

Life changes fast—does your life insurance still fit your needs? ?? Signs you may need a policy review: ? Your term policy is expiring soon ? You have a policy with high fees or poor performance ? You’ve had health changes that might qualify you for better rates ? You no longer need the coverage and want cash value Your insurance policy is a financial asset.?Make sure it’s working for you, not against you! When was the last time you reviewed your coverage? #InsuranceCheckup #FinancialReview #WealthStrategy

What if I told you that your life insurance might be worth more than you think - even if you don’t need it anymore? ?? Many policyholders sell their life insurance through a life settlement, often receiving more than they would from surrendering the policy. Who might benefit from a life settlement? ? Retirees who no longer need their policy ? Business owners who no longer require key person coverage ? Individuals looking for cash liquidity Selling a policy is not for everyone, but in some cases, it can be a smart financial move. Have you considered this option? #LifeSettlements #InsuranceValue #FinancialOptions

Did you know you can swap your current life insurance policy for a new one without triggering taxes? This is called a 1035 exchange, and it allows you to: ?? Move to a better-performing policy ?? Switch to a policy with lower fees ?? Convert to a hybrid long-term care policy If your policy isn’t working for you anymore, don’t cancel it, upgrade it! A 1035 exchange might be the smartest financial move you can make with your life insurance. #1035Exchange #InsurancePlanning #TaxEfficiency

If your term life insurance policy is nearing its end, don’t panic - you may not need to start from scratch. Many term policies offer conversion options, allowing you to: ? Extend your coverage without a new medical exam ? Move into a permanent policy that builds cash value ? Preserve coverage if your health has changed A term conversion can be a lifesaver if you still need protection. Don’t let your policy lapse without exploring your options first! #TermLife #PolicyConversion #FinancialSecurity