After careful evaluation, this policy owner decided his life insurance just wasn’t meeting his needs. The premiums were becoming too expensive, and he could’ve really used the cash for other expenses. Had he let it lapse, it would have become worthless. Fortunately, he had the type of term policy that was convertible to a permanent policy, and the conversion was based on his date-of-issue health. There were no out-of-pocket expenses to convert, and when he sold his permanent policy to GWG Life, he received almost $115,000 that he could add to his retirement savings.