Thomas and Katherine’s children were grown with kids of their own and successful careers – changing the need of the policy. They were going to surrender their policy for the cash value and reallocate premiums into other areas of planning. Through a life settlement, they were able to uncover significantly more value and fund the retirement
of their dreams.
Restaurant owner in his early 70s
Businesses were severely affected by the COVID-19 pandemic.
Policy was underfunded and sitting in an ILIT
Eliminated future premium payments and used the funds for medical bills.
Could no longer afford premiums
Received a lump sum and reallocated premiums for today’s needs.
