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.
Financial ripple effect caused reductions in cash flow
Used the cash to fund their livelihood.
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.