When June and her husband purchased their policy, they were told they’d never have to make another premium payment. Her husband is deceased, and June is living longer than she ever expected. As her health declined, she was facing costly premiums and mounting medical bills. Her financial professional reviewed the value of all her assets, including her life insurance policy.
Policy was no longer needed for estate planning
Client was able to fund all lifestyle and caregiving needs.
COVID-19 created visitation restrictions for nursing homes
She was able to remain safely at home with proper care.
Donated policy to a charity ran out of cash value to pay premiums
Donor was able to create a living legacy and enjoy seeing the gift used while living.
