The Tax Cuts and Jobs Act of 2017 meant Judy no longer needed all the life insurance she’d put in place years ago. Her estate planning attorney requested an appraisal for secondary market value. Through the appraisal process, they opted to sell one of the policies and create enough liquidity to fund the other policies for years, allowing her to fund her own caregiving and lifestyle needs.
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.
Surrendering policy and interested in receiving more money
Adult children unable to pay premiums to maintain the policy.
