This client needed to continue his life insurance coverage. His existing term policy contained conversion privileges. Instead of letting his existing term policy lapse, we were able to generate a life settlement offer. The proceeds from this transaction were used to fund a new term life policy with premiums slightly lower (due to changes in the pricing of the insurance products) for two full years. So, the client walked away with 9 additional years of term coverage without a premium for 2 years and still maintained the conversion privilege if needed at a later date.