COVID-19 continues to loom and affect our most vulnerable citizens, making long-term care decisions more difficult for families grappling with the safety of assisted living and nursing facilities. The life settlement relieved the financial and emotional pressure on Teresa’s family, and she was able to remain safely at home with proper care.
Policy was underfunded and sitting in an ILIT
Eliminated future premium payments and used the funds for medical bills.
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.
Financial ripple effect caused reductions in cash flow
Used the cash to fund their livelihood.
