When June and her husband purchased their policy, they were told they’d never have to make another premium payment. Her husband is deceased, and June is living longer than she ever expected. As her health declined, she was facing costly premiums and mounting medical bills. Her financial professional reviewed the value of all her assets, including her life insurance policy.
COVID-19 created visitation restrictions for nursing homes
She was able to remain safely at home with proper care.
On the verge of outliving his planned coverage
A life settlement created value and alleviated future premium payments.
Their needs had changed, and they no longer needed the policy
They were able to uncover significant liquidity and fund their retirement.
