When June and her husband purchased their policy, they were told they’d never have to make another premium payment. Her husband is deceased, and June is living longer than she ever expected. As her health declined, she was facing costly premiums and mounting medical bills. Her financial professional reviewed the value of all her assets, including her life insurance policy.
Surrendering policy and interested in receiving more money
Adult children unable to pay premiums to maintain the policy.
Client outlived all planning and premiums were due
The adult children no longer needed to fund the caregiving needs.
Could no longer afford premiums
Received a lump sum and reallocated premiums for today’s needs.
