Ashar recently appraised a $2M Convertible Term policy for a restaurant owner in his early 70s whose businesses were severely affected by the COVID-19 lockdowns. Instead of starting bankruptcy proceedings, his financial professional offered to explore a life settlement, resulting in saving his businesses until the restrictions were lifted.
Policy was underfunded and sitting in an ILIT
Eliminated future premium payments and used the funds for medical bills.
On the verge of outliving his planned coverage
A life settlement created value and alleviated future premium payments.
Liquidity constraints reduced donations
Cash created donation for the charity she loves.
