Living longer than expected, Carlos was on the verge of outliving his planned coverage. Expensive premium payments were eating through the built-up cash value in his policy and he did not have the means to make another premium. His financial advisor recommended a life settlement to create value and alleviate future premium payments.
Policy was underfunded and sitting in an ILIT
Eliminated future premium payments and used the funds for medical bills.
Business was sold, and the policy was no longer needed
Business owner was able to receive additional value above and beyond the sale of the company.
Client outlived all planning and premiums were due
The adult children no longer needed to fund the caregiving needs.
