Diane’s adult children were funding both her long-term care needs and maintaining her life insurance policy. However, an increase in cost of insurance was going to cause them to lapse the policy for the minimal cash surrender value. The long-term care facility recommended using Ashar Group to value the policy to uncover more potential value.
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.
Financial ripple effect caused reductions in cash flow
Used the cash to fund their livelihood.
Surrendering policy and interested in receiving more money
Adult children unable to pay premiums to maintain the policy.
