JNugent2
New Member
I'm sorry that I wasn't clear on what I'm asking. I did work in an Advanced Markets group. I know what type of questions to ask. The non profit is trying to maximize their overall IRR as the purpose of the non profit is to have more money for their charitable work.
They are trying to determine their if:
1. They should cash the policies in now (and invest) the proceeds to wait.
2. Same as one with maybe buying term instead and investing the difference (in case someone does die prematurely).
3. Replacing the policies with another product
4. Holding the policies.
When I was in an Advanced Markets department, we had a software tool to help us run every scenario and crunch these numbers. It also gave us details on some older policies (such as details of older riders that I am not familiar with). However, the name of the tool was never made available to us. Therefore, I'm trying to see if something similar exists.
Rich - Send me a message with your contact information; There is an easy way to do this review, assuming the necessary data is on hand, without the need for software. We do this work on a regular basis.