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.
Surrendering policy and interested in receiving more money
Adult children unable to pay premiums to maintain the policy.
Policy was underfunded and sitting in an ILIT
Eliminated future premium payments and used the funds for medical bills.
Could no longer afford premiums
Received a lump sum and reallocated premiums for today’s needs.
