Living longer than expected, Carlos was on the verge of outliving his planned coverage. Expensive premium payments were eating through the built-up cash value in his policy and he did not have the means to make another premium. His financial advisor recommended a life settlement to create value and alleviate future premium payments.
Policy was no longer needed for estate planning
Client was able to fund all lifestyle and caregiving needs.
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.
Policy was underfunded and sitting in an ILIT
Eliminated future premium payments and used the funds for medical bills.
