Herb and Toby were seeing the detrimental effect of an underfunded policy, increased longevity, and rising premiums all compounded by a pandemic restricting their already limited cash flow. Their adult children urged them to have their policy appraised, resulting in a cash payment that will help them fund their livelihood for years to come.
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.
Client outlived all planning and premiums were due
The adult children no longer needed to fund the caregiving needs.
Surrendering policy and interested in receiving more money
Adult children unable to pay premiums to maintain the policy.
