Factors to consider when discussing if permanent life insurance if right for you:

• You bought term life insurance, it’s expiring and you still need the coverage. What if your current health or

   avocation status precludes you from buying new term insurance? In this situation, you may have the opportunity to

   exercise a term policy’s “conversion rights” and “convert” to a permanent life insurance policy without the need to

   provide any new medical evidence of insurability.

• You want flexibility or need to control how long the insurance coverage lasts.

• You need long-term liquidity due to the nature of your illiquid assets (i.e. the family cottage, farmland, commercial

   real estate, business interests and partnerships, etc.) Dividing hard assets fairly among children without offsetting

   cash is nearly impossible. Also, selling an asset under duress (a.k.a. “fire sale”) to create that cash prevents your

   heirs from receiving full value for your hard-earned assets.

• You have a desire to pass wealth to the next generation; could health (long term care costs) and/or taxation

   (income taxation on the passing of qualified money, federal estate tax liability, etc.) severely deplete or degrade the

   value of your estate?