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.
Policy was underfunded and sitting in an ILIT
Eliminated future premium payments and used the funds for medical bills.
Could no longer afford premiums
Received a lump sum and reallocated premiums for today’s needs.
Policy was no longer needed for estate planning
Client was able to fund all lifestyle and caregiving needs.