Like so many policy owners, Hector put in place a responsible plan. But over time, the premiums for his life insurance policy became a significant financial burden. His financial advisor encouraged him to investigate all his options. The life settlement eliminated future premium payments, so he reallocated those funds and the settlement proceeds to cover today’s needs, relieving financial stress.
COVID-19 created visitation restrictions for nursing homes
She was able to remain safely at home with proper care.
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.
Policy was underfunded and sitting in an ILIT
Eliminated future premium payments and used the funds for medical bills.
