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.
Restaurant owner in his early 70s
Businesses were severely affected by the COVID-19 pandemic.
Client outlived all planning and premiums were due
The adult children no longer needed to fund the caregiving needs.
