A couple purchased a joint survivorship policy in 1993. This type of life insurance policy can help pay estate taxes or provide financial legacy to children. After the husband passed away, his 90-year-old wife faced an expensive annual premium. Having a family discussion can be a good way to determine if continuing to pay for the policy is the right choice. In this case, she sold her policy to GWG Life, LLC (GWG Life) and received $310,000 to help meet her current financial needs.