Frank and his wife took out their policy 10 years ago for estate tax purposes. After a couple years, they gifted ownership to their sons. Eventually, the policy was no longer needed because estate taxes changed. The parents were already leaving a sizable inheritance to their sons, but also wanted them to have money to enjoy now. They decided to sell the policy to GWG Life and received $220,000. The sons can use that money to reinvest, save or splurge.