1. As part of a change in estate planning or investment objection.
2. To pay for healthcare costs for themselves or someone in their family.
3. To fund a more cost-effective life insurance policy. One out of every three settlements results in the insured creating a new life insurance policy.
4. Premium payments are no longer affordable.
5. An alternative to surrendering the policy.
6. To provide a cash gift to family members, or to a charity.
7. Dissolution of a business.