Mr. S, -79 years old.

Mr. S was exhausted of paying increasing premiums on his $1,200,000 life insurance policy.  He purchased his coverage nearly 40 years ago and the reason for life insurance wasn't the same.  After a policy review and a discussion with his financial planner, he was very pleased to learn that one time payout of $313,000 was more than 5 times the surrender value the insurance carrier was going to return to him.