Has Our Un-Insurability Wrecked Our Plan?

'I've never been a fan of life insurance. I was skeptical when it was for -presented as a way our farming son to buy out our other two kids through our estate.

- Mark McLaughlin

Problem: The parents were counting on life insurance to make their estate plan work, but unexpected health issues mean they didn't qualify.

Then, I saw the cash flow projections with and without the insurance. I get it now.

We planned on dividing our 1,500 acres equally and giving our farming son the option to buy out his siblings at a 30% discount through our will. The life insurance on us was meant to help him fund it. Unfortunately, the underwriting process revealed some unexpected health issues. My wife ultimately needed a stent, and I had signs of prostate cancer. Fortunately, we caught everything early and we're OK.

But now, life insurance isn't an option, our plan doesn't cash flow, and our insurance agent seems less engaged in the discussion. What can we do? - Submitted by email from E.W.