Ashar recently appraised a $2M Convertible Term policy for a restaurant owner in his early 70s whose businesses were severely affected by the COVID-19 lockdowns. Instead of starting bankruptcy proceedings, his financial professional offered to explore a life settlement, resulting in saving his businesses until the restrictions were lifted.
COVID-19 created visitation restrictions for nursing homes
She was able to remain safely at home with proper care.
Policy was underfunded and sitting in an ILIT
Eliminated future premium payments and used the funds for medical bills.
Financial ripple effect caused reductions in cash flow
Used the cash to fund their livelihood.
