If you allow a client to cancel their policy because they cannot afford it without you ever informing them that there is a legal, regulated way to sell their policy to a licensed buyer, what liability do you create? Your client could receive the equivalent of 20 years of paid premiums back to them, tax free, for the TERM life insurance policy that they are lapsing, however you are not even permitted to offer the option. In this case, what can you do?

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