Herb and Toby were seeing the detrimental effect of an underfunded policy, increased longevity, and rising premiums all compounded by a pandemic restricting their already limited cash flow. Their adult children urged them to have their policy appraised, resulting in a cash payment that will help them fund their livelihood for years to come.
Could no longer afford premiums
Received a lump sum and reallocated premiums for today’s needs.
Policy was underfunded and sitting in an ILIT
Eliminated future premium payments and used the funds for medical bills.
On the verge of outliving his planned coverage
A life settlement created value and alleviated future premium payments.
