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.
Could no longer afford premiums
Received a lump sum and reallocated premiums for today’s needs.
Policy was eating cash flow needed for caregiving costs
Funded long-term care needs and relieved financial stress from her family.
Surrendering policy and interested in receiving more money
Adult children unable to pay premiums to maintain the policy.
