Quote:
Originally Posted by Locke
I would strongly recommend an actual conversation with Slava (or your Financial/Insurance Advisor of choice) and your Accountant. In scenarios like these the Devil really is in the details.
Talk to people who have gone through this before.
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Yeah, I don’t know your situation, but you want to be careful in just shutting down policies like those for a few reasons. Generally speaking, you took those out and were younger, potentially healthier, maybe earning more and a whole host of factors that might make getting equivalent coverage difficult or not possible now. It doesn’t mean you should keep those forever, but you should just have a look through and consider the impacts before you make a decision. Sometimes you can move them from corporate ownership to personal ownership, which might be a consideration depending on what you’re going to do (if you’re retiring, that’s another story altogether!)