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 no longer needed for estate planning
Client was able to fund all lifestyle and caregiving needs.
Client outlived all planning and premiums were due
The adult children no longer needed to fund the caregiving needs.
Their needs had changed, and they no longer needed the policy
They were able to uncover significant liquidity and fund their retirement.
