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.
Surrendering policy and interested in receiving more money
Adult children unable to pay premiums to maintain the policy.
Their needs had changed, and they no longer needed the policy
They were able to uncover significant liquidity and fund their retirement.
