Mike and Sharon knew the reason they purchased their life insurance policy no longer existed. Their children were self-sufficient, and they were enjoying their retirement years. When they approached their insurance planner about surrendering the policy, she asked if they would be interested in another option. The life settlement is funding their retirement and creating memories with their family.
Business was sold, and the policy was no longer needed
Business owner was able to receive additional value above and beyond the sale of the company.
Liquidity constraints reduced donations
Cash created donation for the charity she loves.
Policy was underfunded and sitting in an ILIT
Eliminated future premium payments and used the funds for medical bills.
