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.
COVID-19 created visitation restrictions for nursing homes
She was able to remain safely at home with proper care.
Restaurant owner in his early 70s
Businesses were severely affected by the COVID-19 pandemic.
Policy was eating cash flow needed for caregiving costs
Funded long-term care needs and relieved financial stress from her family.