Recently a CPA referred a client to me who owned a $1.5 million term policy. Rick, the policy owner, had no desire to keep or convert the policy. At 68, his health had only changed moderately and he was in need of some extra cash now, not later (I’m sure we can all relate to that). Fortunately, there was a buyer willing to pay $60,000 gross ($45,000 net) to Rick. He was delighted to get cash in hand for a piece of paper he was perfectly willing and already planning to throw into the garbage!