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.
Policy was no longer needed for estate planning
Client was able to fund all lifestyle and caregiving needs.
Surrendering policy and interested in receiving more money
Adult children unable to pay premiums to maintain the policy.
COVID-19 created visitation restrictions for nursing homes
She was able to remain safely at home with proper care.
