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 underfunded and sitting in an ILIT
Eliminated future premium payments and used the funds for medical bills.
Surrendering policy and interested in receiving more money
Adult children unable to pay premiums to maintain the policy.
Policy was eating cash flow needed for caregiving costs
Funded long-term care needs and relieved financial stress from her family.
