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.
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.
Could no longer afford premiums
Received a lump sum and reallocated premiums for today’s needs.
Restaurant owner in his early 70s
Businesses were severely affected by the COVID-19 pandemic.
