Like so many policy owners, Hector put in place a responsible plan. But over time, the premiums for his life insurance policy became a significant financial burden. His financial advisor encouraged him to investigate all his options. The life settlement eliminated future premium payments, so he reallocated those funds and the settlement proceeds to cover today’s needs, relieving financial stress.
Client outlived all planning and premiums were due
The adult children no longer needed to fund the caregiving needs.
Their needs had changed, and they no longer needed the policy
They were able to uncover significant liquidity and fund their retirement.
Business was sold, and the policy was no longer needed
Business owner was able to receive additional value above and beyond the sale of the company.
