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.
Financial ripple effect caused reductions in cash flow
Used the cash to fund their livelihood.
Surrendering policy and interested in receiving more money
Adult children unable to pay premiums to maintain the policy.
COVID-19 created visitation restrictions for nursing homes
She was able to remain safely at home with proper care.
