Mike and Sharon knew the reason they purchased their life insurance policy no longer existed. Their children were selfsufficient, and they were enjoying their retirement years. When they approached their insurance planner about surrendering the policy, she asked if they would be interested in another option. The life settlement is funding their retirement and creating memories with their family.
Financial ripple effect caused reductions in cash flow
Used the cash to fund their livelihood.
On the verge of outliving his planned coverage
A life settlement created value and alleviated future premium payments.
Policy was underfunded and sitting in an ILIT
Eliminated future premium payments and used the funds for medical bills.