COVID-19 continues to loom and affect our most vulnerable citizens, making long-term care decisions more difficult for families grappling with the safety of assisted living and nursing facilities. The life settlement relieved the financial and emotional pressure on Teresa’s family, and she was able to remain safely at home with proper care.
Financial ripple effect caused reductions in cash flow
Used the cash to fund their livelihood.
Client outlived all planning and premiums were due
The adult children no longer needed to fund the caregiving needs.
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.