When June and her husband purchased their policy, they were told they’d never have to make another premium payment. Her husband is deceased, and June is living longer than she ever expected. As her health declined, she was facing costly premiums and mounting medical bills. Her financial professional reviewed the value of all her assets, including her life insurance policy.
Client outlived all planning and premiums were due
The adult children no longer needed to fund the caregiving needs.
Policy was eating cash flow needed for caregiving costs
Funded long-term care needs and relieved financial stress from her family.
On the verge of outliving his planned coverage
A life settlement created value and alleviated future premium payments.
