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.
Surrendering policy and interested in receiving more money
Adult children unable to pay premiums to maintain the policy.
Could no longer afford premiums
Received a lump sum and reallocated premiums for today’s needs.
Business was sold, and the policy was no longer needed
Business owner was able to receive additional value above and beyond the sale of the company.
