Questions: A client is considering Viatical settlements. The insured has certain estate need. What should he not do? - Explore other sources of funds - Check with his insurer to determine if his policy contains an accelerated benefits provision - Have the company exchange it for a long term care policy - See if the company will issue a traditional life insurance policy

The answer is the third one: Have the company exchange it for a long-term care policy.

Explanation for each option:

1. Explore other sources of funds: This is a prudent step. Before opting for a viatical settlement, the client should explore other financial options that might be more beneficial or less costly in the long run.

2. Check with his insurer to determine if his policy contains an accelerated benefits provision: This is also a wise action. If the policy has an accelerated benefits provision, the insured might be able to access a portion of the death benefit early, which could be a better option than a viatical settlement.

3. Have the company exchange it for a long-term care policy: This is not typically a viable option. Life insurance policies and long-term care policies serve different purposes, and exchanging one for the other is not a standard practice. Additionally, this option does not directly address the immediate financial needs that a viatical settlement is intended to meet.

4. See if the company will issue a traditional life insurance policy: This option is not relevant to the immediate need for funds. Issuing a new life insurance policy does not provide immediate financial relief and may not be feasible if the insured's health has declined.

In summary, the client should not focus on exchanging the life insurance policy for a long-term care policy, as this does not address the immediate financial needs and is not a standard or practical solution in the context of viatical settlements.