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.
Could no longer afford premiums
Received a lump sum and reallocated premiums for today’s needs.
Restaurant owner in his early 70s
Businesses were severely affected by the COVID-19 pandemic.
COVID-19 created visitation restrictions for nursing homes
She was able to remain safely at home with proper care.