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.
Surrendering policy and interested in receiving more money
Adult children unable to pay premiums to maintain the policy.
Policy was no longer needed for estate planning
Client was able to fund all lifestyle and caregiving needs.
Could no longer afford premiums
Received a lump sum and reallocated premiums for today’s needs.