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.
Policy was underfunded and sitting in an ILIT
Eliminated future premium payments and used the funds for medical bills.
Restaurant owner in his early 70s
Businesses were severely affected by the COVID-19 pandemic.
On the verge of outliving his planned coverage
A life settlement created value and alleviated future premium payments.
