Herb and Toby were seeing the detrimental effect of an underfunded policy, increased longevity, and rising premiums all compounded by a pandemic restricting their already limited cash flow. Their adult children urged them to have their policy appraised, resulting in a cash payment that will help them fund their livelihood for years to come.
Policy was underfunded and sitting in an ILIT
Eliminated future premium payments and used the funds for medical bills.
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.
Restaurant owner in his early 70s
Businesses were severely affected by the COVID-19 pandemic.
