Company-owned key man policy on a retiring business owner. Due to the costly conversion premium, the company planned to lapse the policy. The retiring business owner negotiated for the policy ownership to be transferred to him. Afterward, his advisor suggested he have his life insurance policy asset appraised for secondary market value.
On the verge of outliving his planned coverage
A life settlement created value and alleviated future premium payments.
COVID-19 created visitation restrictions for nursing homes
She was able to remain safely at home with proper care.
Donated policy to a charity ran out of cash value to pay premiums
Donor was able to create a living legacy and enjoy seeing the gift used while living.
