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.
Client outlived all planning and premiums were due
The adult children no longer needed to fund the caregiving needs.
Could no longer afford premiums
Received a lump sum and reallocated premiums for today’s needs.
Liquidity constraints reduced donations
Cash created donation for the charity she loves.
