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.
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.
Surrendering policy and interested in receiving more money
Adult children unable to pay premiums to maintain the policy.
Their needs had changed, and they no longer needed the policy
They were able to uncover significant liquidity and fund their retirement.
