Like so many policy owners, Hector put in place a responsible plan. But over time, the premiums for his life insurance policy became a significant financial burden. His financial advisor encouraged him to investigate all his options. The life settlement eliminated future premium payments, so he reallocated those funds and the settlement proceeds to cover today’s needs, relieving financial stress.
Surrendering policy and interested in receiving more money
Adult children unable to pay premiums to maintain the policy.
Policy was no longer needed for estate planning
Client was able to fund all lifestyle and caregiving needs.
Client outlived all planning and premiums were due
The adult children no longer needed to fund the caregiving needs.
