Mike and Sharon knew the reason they purchased their life insurance policy no longer existed. Their children were self-sufficient, 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.
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.
Could no longer afford premiums
Received a lump sum and reallocated premiums for today’s needs.
Client outlived all planning and premiums were due
The adult children no longer needed to fund the caregiving needs.
