Mike and Sharon knew the reason they purchased their life insurance policy no longer existed. Their children were selfsufficient, 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.
Policy was eating cash flow needed for caregiving costs
Funded long-term care needs and relieved financial stress from her family.
Could no longer afford premiums
Received a lump sum and reallocated premiums for today’s needs.
On the verge of outliving his planned coverage
A life settlement created value and alleviated future premium payments.