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.
Could no longer afford premiums
Received a lump sum and reallocated premiums for today’s needs.
Their needs had changed, and they no longer needed the policy
They were able to uncover significant liquidity and fund their retirement.
Financial ripple effect caused reductions in cash flow
Used the cash to fund their livelihood.
