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In Reply to: Re: insights wanted posted by Natalie on December 18, 2003 at 12:42:55:
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I FIND IT HARD TO BELIEVE THAT A SINGLE PREM. POLICY WILL ONLY LAST FOR 5 YEARS.
IF THAT IS THE CASE, I WOULD CONTACT THE INSURANCE COMPANY AND TELL THEM THAT YOU ARE HIRING AN ATTORNEY FOR SELLING AN UNSUITABLE PRODUCT. I WOULD ASK, THE POLICY'S OWNER, TO RESCIND THE POLICY.
HAVE YOU SEEN THA ACTUAL POLICY? CONTACT THE HOME OFFICE AND VERIFY HOW LONG THE LIFE INS. IS GUARANTEED FOR.
DID THE CAPITAL GAINS COME FROM SELLING SOMETHING IN ORDER TO AQUIRE THE MONEY TO MAKE THE PREM.?
IF ALL YOU SAY IS TRUE, I WOULD SAY THAT THERE WOULD BE A CHANCE TO REVERSE EVERYTHING.
WHO IS THE TRUSTEE? WHAT IS THE CURRENT CASH VALUE OF THE POLICY? HOW IS THE INSURED'S HEALTH?