Instead of focusing on their own retirement and family financial goals, Maria’s adult children were funding her caregiving needs. The life settlement created enough funds to pay for her care and eliminated the burdensome premium payments. Her children were happy they could fund care for their mother and focus on their long-term financial goals.
Policy was eating cash flow needed for caregiving costs
Funded long-term care needs and relieved financial stress from her family.
Policy was underfunded and sitting in an ILIT
Eliminated future premium payments and used the funds for medical bills.
Restaurant owner in his early 70s
Businesses were severely affected by the COVID-19 pandemic.
