Like many philanthropic individuals do, Edna donated her life insurance policy to a charitable organization she loved. At the time, the cash value was expected to carry the policy so neither party would have to make a premium payment. However, Edna lived well beyond her financial plan and the policy was running out of money. The life settlement created liquidity the charity could use for today’s needs and Edna could witness her donation put to work.
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.
Restaurant owner in his early 70s
Businesses were severely affected by the COVID-19 pandemic.
